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Jerry Kahn
Zeihan on Geopolitics
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Comments by "Jerry Kahn" (@jerrykahn6894) on "Why Gold Can't Displace Fiat? || Peter Zeihan" video.
When you peg currency to gold, you still have to have enough gold to fully back the currency. No nation on earth has enough gold to back the amount of currency currently transacted on earth.
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WRONG!
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Here's one hard truth that most Gold enthusiasts don't ever consider: If Gold were such a good alternative to Fiat Currency, the United States would never have GIVEN UP the preferable gold standard upon which their currency was ALREADY based! An absolutely simple fact.
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Again WRONG!
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WRONG!
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