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Straining Markets Lead To Political Turmoil | Weekly Roundup

Supply Shock

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Gold Is Money, Everything Else Is Just Credit, Right?

In a functioning monetary system, you need some sort of anchor or metal based. And then you need credit, right? And you need some kind of mechanism to create credit. So if, if, if you were advocating only for the existence of money, that's just,. that's just a pretty proven thing to not work, historically, right? "We've probably swung, at least in fiot right, way too far towards therasm of like, ri ratio of credit to money," he says.

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