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Title: Zimbabwe To Introduce Gold-Backed Digital Currency
Source: [None]
URL Source: https://www.zerohedge.com/crypto/zi ... e-gold-backed-digital-currency
Published: Apr 24, 2023
Author: Tyler Durden
Post Date: 2023-04-24 13:49:44 by Horse
Keywords: None
Views: 875
Comments: 4

The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency...

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Begin Trace Mode for Comment # 1.

#1. To: Horse (#0)

Reminds me of when our Fed Reserve introduced a gold backed fiat currency in 1915. That didn't even last 20 years.

Pinguinite  posted on  2023-04-24   20:06:58 ET  Reply   Untrace   Trace   Private Reply  

#2. To: Pinguinite (#1)

Reminds me of when our Fed Reserve introduced a gold backed fiat currency in 1915. That didn't even last 20 years.

Those gold certificates had to be turned in along with all gold coins when FDR abrogated the gold standard.

That was the Bankruptcy of the United States in 1933. FDR stuck it in our asses but good with that one.

Last year the FED printed $9 Trillion. And you wonder why there is inflation. ;)

BTP Holdings  posted on  2023-04-24 21:18:25 ET  Reply   Untrace   Trace   Private Reply  

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