Erdos on Nostr: The U.S. made the same mistake throughout the1960s by abusing Bretton Woods until ...

The U.S. made the same mistake throughout the1960s by abusing Bretton Woods until France aggressively converted its dollar reserves into gold.

This strategy only works if you co-opt the entire planet and maintain a 💯 % attack in perpetuity.

BRICS competition alone ensures this type of Ponzi scheme fails.

Wonder if the Roman Empire believed they could also money-clip their coins 🪙 asymptotically, forever.