A new currency, redeemable and anchored to real goods, could make global economy fairer. In a hard-anchored monetary system, high debt becomes a risk, unlike in the current system.

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml · edit-2 3 months ago

A new currency, redeemable and anchored to real goods, could make global economy fairer. In a hard-anchored monetary system, high debt becomes a risk, unlike in the current system.

JaredLevi@lemmygrad.ml · 3 months ago

For those who are reading this and thinking he is suggesting a return to the gold standard, he is not. What he is saying is a currency that is backed by real tangible commodities rather than debt and dreams. Commodities such as iron ore, silver, steel, and other precious metals. Given this fact it would be non-defaultable.

A new currency, redeemable and anchored to real goods, could make global economy fairer. In a hard-anchored monetary system, high debt becomes a risk, unlike in the current system.

A new currency, redeemable and anchored to real goods, could make global economy fairer. In a hard-anchored monetary system, high debt becomes a risk, unlike in the current system.

A Metaphor on US Dollar Laughing BRICS Scholars Out