[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 193 KB, 444x325, 1444570419186.png [View same] [iqdb] [saucenao] [google]
19303903 No.19303903 [Reply] [Original]

Let's say that at the end of this shitshow the gold standard comes back and fiat dies like it should in the first place. Fractured banking goes to shit and loans get rejected. Businesses that operate solely on dept shut down. How screwed is the jew with the gold standard? Or will nothing happen because they will fracture gold?

>> No.19304003

>>19303903
They will use everything they can to prevent this and if it still happens, they will act so they come out on top

>> No.19304608

>>19304003
((They)) always play both sides and win.

>> No.19304679

They could do a gold standard, but in a cryptocurrency kind of way. They get free gold because XRP will be a stablecoin.

>> No.19304723
File: 2.80 MB, 318x212, 1584111175894.gif [View same] [iqdb] [saucenao] [google]
19304723

>>19303903
Gold forces honesty in a way that fiat doesn't. The lack of gold standard has likely been a factor in the degeneration of american politics the last couple of decades.
Large welfare programs will be gutted, but taxes will also not be possible to keep as high as currently. People will pay for what they consume to a greater extent, rather than paying lots of taxes and expecting governemnt to pay for stuff for them.
Mayby most noticably, your money will be worth more over time. Saving money will actually make your richer, not poorer. This will discourage stock market investments eventually for the masses, but this secondary effect will take a very long time to happen.