0 sats \ 1 reply \ @Satosora 12h \ on: Fiat Money Accelerates Its Decline econ
Will they actually have a gold standard?
Half of the gold bars have tungsten in them, so will they actually count?
And who will monitor the quality of gold?
You know as well as I, it is only a matter of time before they start mixing their gold and making more of a lesser quality.
They dont need a gold standard- they are accumulating gold however because they are abandoning the USD.
China has won the trade war - all nations must trade with China or suffer considerable loss.
China already has its CBDC (DCEP) which is specifically designed to enable international trade payments free and independent of the USD SWIFT system.
It already operates within China and in trade with Russia, Iran and North Korea and adoption by more and more BRICS nations is all but inevitable.
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