dubbub :windmill_of_friendship: ☦️ on Nostr: But the government was able to defend the standard, simply by cutting spending and ...

But the government was able to defend the standard, simply by cutting spending and repaying the debt.
But the country was at war and it couldn't do that 🤡

Here comes my belief that I don't see talked about often enough, that the Vietnam war was fabricated precisely to abolish the gold standard. Which is also why the US army wasn't allowed into NV -
>"to avoid a repeat of Korea"
is the reason given by historians, but a repeat of Korea would've aligned with the US' war goals, and surpassed the actual outcome.