>>60693809
>GOOD IDEA
>CHINESE SLAVERS AND SAUDI RELIGIOUS FASCISTS WANT YOU TO THINK GOLD IS HARD MONEY BECAUSE THEY CAN’T COMPETE IN AN ECONOMY THAT DOESN'T VALUE SLAVE LABOR AND OIL CONSUMPTION LIKE THE HISTORIC COMMODITY BACKED CURRENCIES BASED ON MASS MINERAL STRIPING. GET WOKE TODAY AND TELL YOUR LOCAL /POL/ CHANG BOT ESPOUSING THE FED HATES AMERICA TO GO FUCK THEMSELVES
Precious metal backing is just a confidence trick to trick the goyim to accepting resetting the fiat currency/banking/capitalism scam once it's run out its life cycle and it's dying.
It works because White people don't pass down generation knowledge and wisdom anymore. Parents don't educate their kids about jewish lies and scams. Neither did their parents teach them or their grandparents teach their parents.
The precious metal "backing" does NOT prevent banks from fraudulently issuing fictional amounts of underlying precious metal backing by pretending to lend underlying precious metal backing.
Banks always create fictional amounts of the underlying asset by pretending to lend the underlying asset to willing borrowers but, in actual fact, lending them fictional amounts of underlying asset with a supposed right to redeem their claim to said underlying asset for said underlying asset. As long as reserves of the underlying asset last, of course. hehe.
This is how the jews trick non-jews to accept resetting of the jewish scam of currency/banking/capitalism. By lying to them that the new fiat currency is not a fiat currency and is different from the old, dying fiat currency, because it's precious metal backed. As if that prevents banking from issuing more currency than there is backing for at the official backing/redemption rate. And always omitting that all fiat currencies start out as being precious metal backed. The idea being that, by the time they need to replace the current fiat currency with a new one, the non-jews will have forgotten about this so will fall for the same trick again.