#ruble #dollar #gold #commodity #money #currency #inflation #debt #payment #geopolitics
Today we will look at the nature of our current non-monetary system and how it is basically as John Exter once said: "Currencies are 'IOU Nothings" today.
We think that the move by Russia to use gold and a basket of commodities to stabilize the ruble will lead the world into a more honest monetary system in which debt will actually be able to be extinguished.
Currencies Today Are IOU Nothings by John Exter: https://www.aier.org/research/currencies-today-are-iou-nothings/
What Has Government Done to Our Money, by Murray Rothbard: https://mises.org/library/what-has-government-done-our-money
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