
rick awsb ($people, $people)|Apr 10, 2025 23:05
When the central government faces debt problems, the central government and central bank usually take a combination of the following measures:
a) Increase the supply of money and credit,
b) Reduce the total amount of debt (e.g. through debt restructuring), and/or
c) Prevent free market ownership and flow of hard currencies such as gold.
In this situation, people often flee from low-quality currency to high-quality currency (such as gold), and the government wants to prevent this behavior. This often leads to a ban on the free holding and free flow of high-quality currencies
--Ray. Dario, founder of Bridgewater Fund
Supplementary Information:
Executive Order 6102, signed by President Franklin Roosevelt in 1933. Private ownership of large amounts of gold is prohibited.
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