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    Râu Cao ⚡ (raucao@kosmos.social)'s status on Monday, 04-Mar-2024 20:09:16 JSTRâu Cao ⚡Râu Cao ⚡
    in reply to
    • Daniel AJ Sokolov

    @newstik By the way, it also seems like the author either doesn't know about the Bretton Woods system, or is choosing to misinform the reader intentionally, since the U.S. Dollar, and thus also the other 44 currencies pegged to it, were convertible to gold at a fixed price, until Nixon unilaterally (and allegedly "temporarily") bailed on that in 1971.

    These are not simple mistakes when someone chooses to construct arguments based on them.

    https://en.wikipedia.org/wiki/Bretton_Woods_system

    In conversationabout a year ago from gnusocial.jppermalink
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