Submission to Truth is Freedom | The Twilight of Gold Series | Episode 3 (WiM137)
The "What is Money?" Show
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The Intestrate Mechanism
Gold's value is its physical its physical ness. It continues to exist. If the power shuts off, you still hold your goald. But that's also its limitation. And once you have that, convertibility at a fixed ratio is the key to the system. Once convertibility and redemption is broken, convertibility o fixed ratio, the whole system breaks. We can't develop what pale calls the international division of labor. Some countries are just better at certain things in other countries.
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