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To: nickcarraway
You can’t inflate non-paper currency?

That's right. You can't inflate a gold-based currency, if it's truly gold-based. The only way to increase the money supply is to dig more gold out of the ground.

48 posted on 07/10/2023 3:12:13 PM PDT by Right_Wing_Madman
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To: Right_Wing_Madman; Pox
Well, you are claiming that there is only paper based currency and gold-backed currency. Clearly, there are currencies that don't fall in either camp.

Also, I think you are jumping to a huge conclusion that BRICS countries are going to have a gold-backed currency, despite what they say. I don't think it's as easy as you think.

If you just said the U.S. made some big mistakes, I's agree. But your implied belief that all the countries besides the U.S. are infallible, honest, ethical, trustworthy, and are without a myriad of other problems is where you lose me.

60 posted on 07/10/2023 3:20:09 PM PDT by nickcarraway
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