|
|
|
|
|
|
by Spooky23
1 hour ago
|
|
|
Bryan wanted to solve the same problem that we solve today with central banking and fiat. Basically, the gold standard limited money supply and the interest of the big money interests was to gather all of the wealth. There were no taxes or carrying costs for wealth, so that’s how they won the game. Farmers and regular people were drowning in debt while the money shortage created a deflationary cycle. Silver is more plentiful and more volatile - Bryan wanted a fixed 16:1 ratio with gold. The magic of fiat is that as long as you have working governance, modest inflation and plentiful credit equals prosperity. |
|
|