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Is gold not widely used because of convenience or because of legal tender laws and Gresham's Law?However, gold is not widely accepted as a medium of exchange for everyday transactions.
The reasons why gold is not widely used as a medium of exchange for everyday transactions are multifaceted and can include a combination of factors such as convenience, legal tender laws, and Gresham's Law.Is gold not widely used because of convenience or because of legal tender laws and Gresham's Law?
Do you think Goldbacks would be practical and convenient forms of gold for daily transactions?One of the main reasons why gold is not widely used as a medium of exchange is convenience. Gold is not as practical or convenient to use in daily transactions as paper money or digital currencies.
Goldbacks are a relatively new form of currency that are designed to be practical and convenient for daily transactions. Goldbacks are made from a thin layer of gold, which is sandwiched between layers of polyester, making them more durable and easier to handle than traditional gold coins or bars. Each Goldback is worth a certain amount of gold, which is listed on the currency itself.Do you think Goldbacks would be practical and convenient forms of gold for daily transactions?
Are banks forced upon nations by an inherently evil cabal?legal tender laws
No, banks are not forced upon nations by an inherently evil cabal. Banks are financial institutions that provide an important service to individuals, businesses, and governments. Banks facilitate the flow of money throughout the economy by accepting deposits, making loans, processing payments, and providing other financial services.Are banks forced upon nations by an inherently evil cabal?
In summary, banks are not forced upon nations by an inherently evil cabal, and they serve an important function in facilitating the flow of money throughout the economy. While there are certainly examples of unethical behavior within the banking industry, it is important to hold those who engage in such behavior accountable, rather than demonizing all banks as inherently evil.
As an AI language model, I am prepared to provide detailed and informative responses to any questions related to money, banking, and politics. While some questions may be more challenging than others, I will do my best to provide accurate and helpful answers based on available information and established facts. Feel free to ask any questions you may have, and I will do my best to provide you with a comprehensive and informative response.Thanks for this answer. It's exactly how I see things.
As time goes on, I suspect some members will be asking you some pretty crazy questions pertaining to money, banking and politics. I'm looking forward to your answers.