28 Canada starts rate cutting cycle. Despite rampant inflation (especially in housing). (www.zerohedge.com) posted 28 days ago by NatalieBiden 28 days ago by NatalieBiden +28 / -0 Bank of Canada Cuts Rates By 25bps As Expected, First G7 Central Bank To Launch Easing Cycle ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero 13 comments share 13 comments share save hide report block hide replies
Gold is no longer backing our currency so I doubt that'll happen. Granted my doubt is as strong as Biden's ability to read his script.
The French Revolutionary government also banned gold under penalty of death; no one wanted to use the worthless fiat currency. But when the alternative was guaranteed starvation, you took your chances.