Damus
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REUZ
@REUZ
Most central banks are already hedged for a monetary reset as they own a considerable amount of gold/silver. Maybe after a war the possession of those assets could change (just like after WWII), but the gold and silver hedge will actually provide a way to create a new monetary order after this one fails. It's all a confidence game...
1
Ruled by Physics · 15w
They only own a minor percentage of gold above ground, far from covering state obligations also. Furthermore, the gold standard is impossible.