OTCPK:KRCLF - Post by User
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Symbioticon Jan 02, 2023 2:11am
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Post# 35199315
Yuan vs USD
Yuan vs USDA battle for reserve currency status. The problem they have with gold as money itself is no one will have reserve currency status as it would be exclusive to no one. That is how a free market berift of politics and exclusivity works. A currency must become a derivative off of gold to secure an advantage over an unbacked one in the reserve status game.Putin's direct gold for oil would be a nuclear option as it would flip the game board on reserve status exclusive. The only exclusivity available with gold is the possession of it and relative amount possessed. That is only being rich relative to but there is no guarantee of remaining so. Gold for oil would be more as direct barter and there is no space between to insert a middle man. That space between is where all corruptions have a prospect of existence. Even taxation can't get between and only through surveillance would it even have a chance. The first corruption of commodity money such as gold is coinage as then a preference can be developed for one type of coin over the other. Face value is another corruption.Even if the BRIC's made a gold backed CBDC, that isn't a gold money. That is just a guarantee that you could exchange it for or in other words purchase gold with it. In a purchase you only end up with one of the two items, you don't possess them at the same time in that sense as a transaction must occur to have the other thing. I hope that makes sense as this could continue.