Zimbabwe has been using gold coins to defeat inflation and it seems to have been working, which has upset the paper currency merchants of The West.
The IMF has told Zimbabwe to get rid of gold coins and go back to fiat - it will help their economy apparently!
Gold - takes back the power from bankers
Fiat currency gives the central bank much more flexibility. This can help or hurt the economy, depending upon what the central bank does.
…and that’s exactly the problem with fiat currency
Nice cake icon today @Divitias !! Happy TMF Anniversary!
I’d no idea what day it was