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96 sats \ 1 reply \ @Enemy_of_the_state 11 Jul 2024 \ on: Uganda Is Also Shifting To The Gold Standard news
Unless the currency is exchangeable for gold in a bank, it’s not a gold standard. It’s a nebulous “backing” that requires trust when there is none currently.
they have to desperately keep some door open in order to be able to inflate away their debts in the end. looks like it, yes
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