@zoomafrika1
“Africa needs a single currency backed by its resources not different currencies backed by the $ Dollar” ~ Muhamal Gaddafi
[Image of Muhamal Gaddafi]
Source: https://x.com/zoomafrika1/status/1820697926123085915
@zoomafrika1
“Africa needs a single currency backed by its resources not different currencies backed by the $ Dollar” ~ Muhamal Gaddafi
[Image of Muhamal Gaddafi]
Source: https://x.com/zoomafrika1/status/1820697926123085915
And I’m silly because I didn’t use etc when I listed 5 massive world used resources. Is this where I went so wrong in life?
Why would you or I be limited to a few example resources when discussing currency backing strategies?
Critical thinking makes it obvious the actual subject of the conversation is the differing strategy of fiat vs non fiat currency. From which I focused on the risk of a non fiat currency, if a global market moves unfavorably on whatever you pick.