Who's the bigger offender: Conservatives or Liberals?

The only reason gold has the value it has is that people will trade currency for it. If the price of gold was based on its intrinsic value as an industrial product the price would be a lot lower. If gold was not resistant to oxidation, a good reflector of IR, and a good conductor then it would have the same worth as NFT's or Bitcoin. The Bretton Woods Agreement that was ratified after WWII. This agreement made the US Dollar the official reserve currency for the whole world.Part of that original agreement was that the US Dollar would remain on the gold standard. However, that became a joke by the 1970's because there simply wasn't enough gold in the US to cover all of the notes. Nixon did the right thing (surprisingly) and took us off the gold standard. The US Dollar was still very stable and it was backed by the largest economy in the world, so everyone kept on using the US Dollar as the official reserve currency.Edited by Taq, : No reason given.

Edited by Taq, : No reason given.

I am willing to bet I could buy more food with a fifth of whisk(e)y in the post-apocalyptic world than Phat could with a pound of gold. May have to start my own stockpile.