Back to B.C. by Johnny Hart for November 09, 2023

What Gaul!

We can “trust” government to do a lot of things, but trusting them with our money isn’t one of them.

Don’t get the reference to gold.

https://www.archives.Gov/publications/prologue/1999/spring/

https://www.usagold.Com/cpmforum/favorite-web-pages-degaulle/

get some water boiling, lets use it to make gold soup

In WWII De Gaule was NOT trusted by the allies.

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.