Phat writes:
What the Fed and the world seem to need to learn again is that humans cannot simply will the value of money through common agreement.
In today's world of banking, it is still the gold that directly or indirectly sets the bar for the value of the dollar...not the other way around. You will see this soon enough.
And it's really stupid statements like that that we all hear from you constantly.
There is zero evidence that gold directly or indirectly sets the bar for the value of the dollar any more or less than any other commodity.
And the ONLY thing that determines the value of money is common agreement as you have been shown numerous times.
If you honestly actually could read what you yourself included in your post you would see examples of just that, of human agreement setting the value of money.
But you refuse to learn how to read.