When BC does strips like this one it always makes me wonder if it is really set in the far future after a societal ending event and they are rediscovering the past.
During his presidency, De Gaulle promoted the international gold standard as a counterbalance to the U.S. dollar becoming the de facto international currency of business, which he saw as threatening France’s international status. He also wanted to repatriate France’s gold bullion off-shore reserves from London and New York, remembering how the allies refused to allow him to access them during WW-II because he was not yet officially recognized as the leader of the Free French.
Gold standard (or any other mechanism that establishes fixed exchange rates between currencies) is a bad idea. Long-term changes in the economic relations between nations inevitably stress the system; speculators exploit the stresses until the system is forced to respond with a step-change in rates. Better to have this happen gradually.
Imagine about 1 year ago
What Gaul!
constantine48 about 1 year ago
We can “trust” government to do a lot of things, but trusting them with our money isn’t one of them.
sandpiper about 1 year ago
Don’t get the reference to gold.
BigDaveGlass about 1 year ago
https://www.archives.Gov/publications/prologue/1999/spring/
ACK! Premium Member about 1 year ago
https://www.usagold.Com/cpmforum/favorite-web-pages-degaulle/
dbrucepm about 1 year ago
get some water boiling, lets use it to make gold soup
Gameguy49 Premium Member about 1 year ago
In WWII De Gaule was NOT trusted by the allies.
The Goon Show Premium Member about 1 year ago
When BC does strips like this one it always makes me wonder if it is really set in the far future after a societal ending event and they are rediscovering the past.
Robert Wilson Premium Member about 1 year ago
During his presidency, De Gaulle promoted the international gold standard as a counterbalance to the U.S. dollar becoming the de facto international currency of business, which he saw as threatening France’s international status. He also wanted to repatriate France’s gold bullion off-shore reserves from London and New York, remembering how the allies refused to allow him to access them during WW-II because he was not yet officially recognized as the leader of the Free French.
Mark Jackson Premium Member about 1 year ago
Gold standard (or any other mechanism that establishes fixed exchange rates between currencies) is a bad idea. Long-term changes in the economic relations between nations inevitably stress the system; speculators exploit the stresses until the system is forced to respond with a step-change in rates. Better to have this happen gradually.