>>509260381I don't understand what that has to do with the matter at hand.
I just want to make it clear: Before WW II there was NEVER a financial system in which one country had the power to equate their currency with gold and make the entire world be required to buy its currency.
Then it was NEVER the case that all powers abandoned gold as their currency and started to have fiat money as their currency.
The operative word here is ALL the powers, preventing the gold retaining ones from prospering (although it's dubious as into the mid 1970s Portugal, Switzerlan and Lebanon kept on unofficially using gold, but just unofficially).
And then we had NEVER had the major power decide to fractional reserve fiat banking did not needed to have fraction reserves at all.
Honestly anon... why do you think the USA is so rich? Financial bullshittery by parasitising the world forcing them to pay America's debt which it creates out of nothing in the form of money and makes the entire world required to accept it.
In around 2000 we were half as rich as Americans. Countries like Germany or the Netherlands and Sweden were about as rich.
Nowadays we are 25% as rich as the average American and countries like German and the Netherlands and Sweden are about half as rich as Americans.
America runs on financially debt based trickery imposed as a sort of parasitic function over the rest of the world, especially Europe.
We have NEVER EVER had something close to it or just resembling it.
The only thing as crazy was the Soviet Union.