this post was submitted on 05 Oct 2024
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As an American, makes me think of real dollars backed by silver and gold and then everything else that's been printed and printed and printed (and printed) since the 70's. Same manufacturer.
The gold standard is interesting, but wouldn't the gold end up in a few hands eventually?
The gold standard is a myth anyway. You can't actually get that gold even if you do have an original dollar. The number of times it's been reprinted doesn't matter.
The US isn't backed by gold anymore the Euro was backed by the Dollar. Every currency is simply backed by that country's economy, that's why you get hyperinflation in countries with civil unrest or war.
Right, it was more of a metaphor between the Fed and Apple