This is not a SFW instance. NSFW communities will be tagged, and efforts will be made to keep SFW communities clean, but proceed at your own comfort level.
Economist Mona Ali on how the United States wields the world’s most powerful currency to shore up empire and its own ruling class — and how Trump’s careless moves might blow it all up.
Returning the U.S. to the gold standard (commodity backed money).
Just skimming very quickly I couldn’t fin a direct reference, but tying the dollar to gold or any other commodity makes it impossible to continue as a reserve currency. That’s the reason the gold standard was discontinued to begin with. It simply creates a shortage of the currency.
Well yes. It is in Project 2025.
OK I had to check up on that, but you are right:
https://blog.uwsp.edu/cps/2024/09/12/the-project-2025-monetary-policy-gold-standard-and-federal-reserve/
Just skimming very quickly I couldn’t fin a direct reference, but tying the dollar to gold or any other commodity makes it impossible to continue as a reserve currency. That’s the reason the gold standard was discontinued to begin with. It simply creates a shortage of the currency.