A System of Stratified Lies | The Weinstein Series | Episode 4 (WiM095)
The "What is Money?" Show
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Central Banks and Cape Abe - What Are They?
The people who are governed have some check on this body that can coerce them. The individuals that construct that state for their own benefit need to be able to call its bluff or cast a vote against it. If you were misbehaving, youre mistreating your people, or your being irresponsible in terms of monetary policy, gold would leave your country. And so in this way, this is the reason i've argued that gold historically, was the regulator of governments. Effectively, it regulated the balance of payments. But as we know, central banks have cornered the market on gold. They have more or less detached the current financial system from it, although they still accumulate a lot
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