u32Luke's avatar
u32Luke 2 days ago
Gold required centralized correspondent banks to issue credit between them.

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JackTheMimic's avatar
JackTheMimic 2 days ago
Interior to a nation. I am talking about the long medieval tradition of mass murder. Gold was not being used as a credit base then. Wars persisted. Just always check your assumptions against reality. Credit created more leverage to wage larger wars.