Seriously. When was gold standard abandoned? How were currencies used back in time. Centuries?! Bro
It certainly wasn't the Smithsonian Agreement in '71. Bretton-Woods destroyed it long before...but even before that......the run on sterling afyer WW1 damn near bankrupted the British Empire. The global financial system never really recovered. The gold based economic system has existed in recorded history since 600 bce.....and likely thousands of years before that. Our current fractional reserve banking system makes it impossible to ever go back to having a currency backed by gold.
I fall off chairs all the time......🤣🤣🤣
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