How did I miss this story!?!?
October 2022 (emphasis mine):
This looks like Ron Paul's competing currencies bill in action, but on a limited scale/basis.
Highly recommended :mrt:
The reasoning for the people in Indonesia to use gold and silver instead of the Rupiah is to follow the rules of Islam. But that's irrelevant, because they apply common sense economics :clap:
Offshoot of a Jim Rickard's scenario in his book Currency Wars. Let's say you are well prepared living in a suburb of a major city. You have food/water/protection and have transitioned your assets into gold and silver. The dollar is collapsing. The US seizes all gold held in banks (repayment...