Re:JPMorgan Chase Bank Assumes All the Deposits of First Rep...
by qwytw on Monday May 01, 2023 @05:43AM
(#35770727)
> And it has ended in desasters around the world multiple times already.
Well the global economy and most national ones were in a permanent boom and bust cycle between at least the mid to late 18th century and the Great Depression.
Just instead of steadily (well prior to 2020 anyway) going up all the time like now the worth of currencies was swinging up and down in a wildly volatile and unpredictable manner every few years..
Well the global economy and most national ones were in a permanent boom and bust cycle between at least the mid to late 18th century and the Great Depression.
The gold standard was never stable, just look at:
https://www.officialdata.org/us/inflation/1800?amount=1#:~:t....
Just instead of steadily (well prior to 2020 anyway) going up all the time like now the worth of currencies was swinging up and down in a wildly volatile and unpredictable manner every few years..