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Comment by usern20260720

5 hours ago

If the European countries had wanted to be independent from the US, they would have adopted the gold standard for their currency

3 comments

usern20260720

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lovich  4 hours ago

lol, we(america) were the ones who fucked with the gold standard and had the system collapse due to lack of trust in the first place[1]

Please explain your logic behind the idea that European countries needed to have adopted the gold standard that the US unilaterally changed the rules on, to be independent from the US.

[1]https://en.wikipedia.org/wiki/Nixon_shock

  • mitxela  3 hours ago

    I guess he means the Bretton Woods system, where the US dollar was backed by gold and everything else was backed by the US dollar, wouldn't have existed. Everything would have been backed by gold, instead.