Loading ...Silver also played a roll in silver backed fiat in the mix. Be gold or silver it was meant that the paper promises was to have restraint. That restraint is what held the value. But it didn’t stop them from issuing more fiat than they had in their promise of gold or silver. Even today they still compare ratios with gold and silver. The ratios just seem to get worse over time. It was supposed to keep them honest but they weren’t and having no intention of paying their spending back just removed the standard in those country’s. That’s the allure of Bitcoin there is only so much. Doge is now showing us just how depraved they have become robbing and weaponizing fiat for themselves. If the governments make all digital ot would be no different than paper notes it’s now invisible. Not even notes and coins to count Then of course country’s think we’ll if they no longer have that what else can they get. They even look at people. That’s why I look at calling gold at the barbaric relic satire. They are barbarities with no standards and the enemy of gold or anything else they think they can use including people.
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