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by jrek
1920 days ago
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The modern central banking/inflation/'debasement' conspiracy theorist is interested in a return to a gold standard - that is, paper currency that is backed by reserves of gold, as (kind of, sometimes) existed from ~1850 to 1950, rather than a return to currency actually physically containing gold (or, more usually, a metal other than gold). They are not the same, but speaking about them at a high level abstraction allows one to pretend that there was some continuous system in place that was abruptly overturned in recent times, for ostensibly nefarious reasons. |
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