Current (((US monetary policy))) is heavily dependent on inflation. I suspect it's because the bankers don't want to pay insurance on bank accounts when the banks go under, so they want to discourage savings accounts. A hard backed currency puts any nation at an advantage over the US because of this. This would be the time to do it with a senile old puppet in charge. Now from what i understand, china backs their currency with US treasury bonds, which puts them in a sort of friendly suicide pact with the US. If they can pull this off it would be a crazy game changer.
Current (((US monetary policy))) is heavily dependent on inflation. I suspect it's because the bankers don't want to pay insurance on bank accounts when the banks go under, so they want to discourage savings accounts. A hard backed currency puts any nation at an advantage over the US because of this. This would be the time to do it with a senile old puppet in charge. Now from what i understand, china backs their currency with US treasury bonds, which puts them in a sort of friendly suicide pact with the US. If they can pull this off it would be a crazy game changer.
(post is archived)