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Why the Gold Standard Became Abolished
Why the Gold Standard Became Abolished
Posted on 12/30/2022 by EraOfLight —
Modern Slavery
The move away from the gold standard in 1971 by Nixon severed the fundamental tie between the economy and the money. Without the link to gold, bank reserves could be created by fiat, as they were doing. This led to a huge expansion of the money supply and debts.
The power to use this debt and to control the creation of new money is the most powerful factor in today’s economy. The government can now create unlimited amounts of credit to control the economy, as it lies at the core of the....+ https://eraoflight.com/2022/12/30/why-the-gold-standard-became-abolished/
Posted here by https://ascensionflame.blogspot.com/
Posted on 12/30/2022 by EraOfLight —
Modern Slavery
The move away from the gold standard in 1971 by Nixon severed the fundamental tie between the economy and the money. Without the link to gold, bank reserves could be created by fiat, as they were doing. This led to a huge expansion of the money supply and debts.
The power to use this debt and to control the creation of new money is the most powerful factor in today’s economy. The government can now create unlimited amounts of credit to control the economy, as it lies at the core of the....+ https://eraoflight.com/2022/12/30/why-the-gold-standard-became-abolished/
Posted here by https://ascensionflame.blogspot.com/
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