Contradiction of The Gold Standard | The Twilight of Gold Series | Episode 4 (WiM142)
The "What is Money?" Show
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Is Price Stability a Threat to the Person in Control of the Money?
Theree's a cultural obsession with gold in india, and i can't help but think that that is an echo of this, this game being played. In 19 70 the bank of france suspended specie payments for paper currency so england really had control. And because they're given this monopoly, it was like in their best interest to maintain the price of gold. The best way for them to do it was to hoard as much of it as possible,. They could dictate the price of it when they wanted to serve their benefit.
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