Re: If USD falls

You know what USD is backed by? Not by gold, not by any other currency, but by the geopolitical power of the USA. That's what the Bretton Woods agreements were for in 1944, to give the USA the ability to print money out of nowhere, while nobody could criticise it because their own currencies would now be backed not by gold but by the USD, and a shock against the USD would be a shock against their own currency. That's why Russia, China and Iran are buying gold like there's no tomorrow and why the USA are getting nervous around these countries : they're afraid to lose their real-life economical cheat code that allowed them to outspend all of the other competing political powers and buy themselves the loyalty of half of half of the world.
0 x
Post Reply

Return to “Economics”