@BowsacNoodle @shortstories @Tfmonkey @VeganMGTOW @white_male
You're right. It's not the gold currency that's going up, it's the fiat currency that's going down! It would be a race to the bottom among the fiat bullshit.
@BowsacNoodle @shortstories @Tfmonkey @VeganMGTOW @white_male
All their costs would be in Yuan but their wealth would go up along with the gold currency as a reserve and they would benefit from being paid in this currency too. Very similar to how the US vs the Yuan was in the 70s.
The small country would be new singapore/new switzerland.
@BowsacNoodle @shortstories @Tfmonkey @VeganMGTOW @white_male
China is a government, so they can do whatever they want, legal or not.
Yes, holding foreign currency is always a geopolitical vulnerability because you don't control it, as sanctions prove. But the primary effects would be the new country currency would go up like crazy against the other fiat currencies, what would make their purchasing power skyrocket in comparison. For China, it would be a boom too:
@BowsacNoodle @shortstories @Tfmonkey @VeganMGTOW @white_male
I didn't get it. Why would a country with a gold-backed currency hoard a debased foreign fiat currency?
They would sell most of the foreign shit currencies since their currency is already stably anchored against gold.
@shortstories @BowsacNoodle @Tfmonkey @VeganMGTOW @white_male
True, agree. The fraud was the problem and the bankers (specially central ones) should have been hanged on the spot.
@BowsacNoodle @shortstories @Tfmonkey @VeganMGTOW @white_male
Guys, you gotta brush out on the history of fiat money. Originally it was a simple securities contract (certificate of deposit) of a determined amount of gold/silver.
So even when using fiat money, what was being traded was gold stored in the vault that the holder could claim back at any branch of that bank.
Fiat money as we know today is not money barely a currency, it's not even paper anymore. It's just a number on a ledger.
@LysanderMooner
Alaska is just dumping their blue voters to other states.
The less retards around the better for alaskians.
@RedpillBot
If I wasn't living through the total collapse of a society, I wouldn't believe how retarded people are and how absurd it gets before the fall
Yup, Israel's Unit 8200, among there many other hidden groups.
@UncleIroh Awesome, you know your stuff. I'm expecting a cyberattack in the west any day now.
@UncleIroh Hahaha I can't help but laugh at the thought of an arab using a computer.
Nah, hacking the US has been cornered by Judea.
@triodug
Awesome idea. I can even make quick buck selling all that copper as exotic kfc spice to the black scholars down by section 8 housing
@triodug
Anyone knows why my wall wires are constantly moaning in Yiddish?
@dixienationalist
You should show the Israeli helicopter dropping niggers on the lawn
So the west have figured out who to blame when they suffer a cyberattack or blackout of the internet: Yemen backed by Iran, obviously.
https://www.zerohedge.com/geopolitical/houthis-vow-escalation-despite-us-strikes-could-sabotage-western-internet-cables-red
Impale the jews