St. Louis Fed releases an article on why a gold standard wouldn’t work, listing gold’s lack of a fixed supply as a “significant problem”.

Sharing is Caring!

Know what has a verifiable fixed supply? Bitcoin.

If you review monetary history, the main goal the bankers wanted to achieve was a “flexible money supply.” They said this was needed to control banking panics.

In other words, the exclusive power to counterfeit money.

See also  Golds best year since 1979!

h/t Jem_colley

Views: 220

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.