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Dinner with a gold standard maximalist is soooo intellectually stimulating (happen to be on the Valentine’s Day ..🤓) 👇🏻a few new learnings
1. Ancient Anthen experienced hyperinflation of debasing gold coin during war with Spartan, first ever deficit spending in the history
1. Ancient Anthen experienced hyperinflation of debasing gold coin during war with Spartan, first ever deficit spending in the history
2. Bretton wood only defined the arbitrary peg of $35/oz gold, and exchange rate between 💵 and other currencies, but not a gold reserve ratio.
US further repeated what ancient Athenian did - deficit spending for Vietnam war .. 👀👀👀 and the rest is history
US further repeated what ancient Athenian did - deficit spending for Vietnam war .. 👀👀👀 and the rest is history
3. American politician had the perception war is good for domestic economy only due to the fact that US didn’t join until the end of WWII, and obtained over half of world’s gold reserve by selling necessities to countries at war
War is good as long as you are not part of it 🙊
War is good as long as you are not part of it 🙊
4. An unproven conspiracy theory (too long to fit into one tweet ..) that both Lincoln and JKF were assassinated by banker due to their attempt to revamp the banking system quora.com/Why-the-banker…
😈😈😈
😈😈😈
5. I later shared my friend the ever first major montary crisis in history of China -
the silver monetary crisis in Ming Dynasty in the 16 century, which led to a hyper inflation economy and eventually dethrone of the entire dynasty
courses.lumenlearning.com/suny-hccc-worl…
the silver monetary crisis in Ming Dynasty in the 16 century, which led to a hyper inflation economy and eventually dethrone of the entire dynasty
courses.lumenlearning.com/suny-hccc-worl…
