AG: I view gold as the primary global currency.OK, we got that cleared up.
Remember that Alan Greenspan said that central banks operate "as if" on a gold standard. He had also said that gold is the premier currency.
Mises Dailies
AG: I view gold as the primary global currency.OK, we got that cleared up.
1 comment:
Paul Volcker was brought in as chairman of the Federal Reserve, and he raised the Federal Fund rate to 20% to stem the erosion [of the dollar's value during the inflationary 1970s]
There you go !
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