There's no need to have a gold standard when every body feel confident with the money. Just look at the data for EUR & JP¥, there're all on the same path! The money is backed by the political strength in the case of the USD, as it's backed by the economic strength for EUR & JP¥.
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By the way there're not enough gold to hedge the world economy & the global trade. People build their confidence on their industries & institutions. The question is why countries such as Russia, Iran & Venezuela, with huge natural and humane resources, have weak economies? 2/3
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The reasons could be incompetent leaders, deep corruption within the political and economic elites, wrong economic and industrial planning, etc.etc. which make these countries deeply dependent to the west. If they were clean & independent they could deal fairly with the west! 3/3
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Or the reasons in Iran's case could be crippling sanctions
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Iran has potentially all resources (even technologic ones)to grow&be fully independent from the rest of the world. Tough sanctions were predictable since the first days of the 79-revoltion! But what IRI-leaders have done since,only grew their dependence to the US.(same as Russia)
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"Completely independent from the rest of the world" Ok.
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I said potentially not factually. I didn't tell you that it's the case, or it's a good thing to be completely independent! But the IRI's slogans are fake, the same as the US ones!
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You did the same in iran
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من موندم کیو گیر آوردی خر کردی برات توییت خارنجکی بنویسه
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I think it's #Janatie! -
Oh yes ب احتمال زیاد
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mahmoud, would you be interested in forming a new political party in britain?
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If u're kidding, don't! If your being serious, well, good luck! We u Iranian support the idea! Just take this man! Take it and go!
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i am serious (: i'm sure the commission would be delighted to have mahmoud as an officer. and thanks!
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When will Iran adopt the Bitcoin standard?
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He has no fucking clue how the hell economy works,
#کسخل_نباشیمThanks. Twitter will use this to make your timeline better. UndoUndo
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Modern money has no gold backing. Doesn't exist anymore. It's called FIAT money and it is backed by loans/debt.
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