Contradiction of The Gold Standard | The Twilight of Gold Series | Episode 4 (WiM142)
The "What is Money?" Show
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I Think It's Because Violence Works to Extract Gold That Gives England an Advantage
Di, did that mean gold was flowing out of india into britain during that time? I guess both forcibly and via market mechanisms then. T, it's because violence works to extract gold that has this. It creates incentives, basically, to be an imperialist. So britain effectively, clearly, they were the colonized india, a and then economically subjugated them. And so all their reserves, they held, um, english banking reserves, and then their gold was,. They didn't hold their own gold, and they didn't, they were likea resource extractod country that england took the benefits of those resources and then forced india to buy
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