Although the stirling gold link is now broken - the LFG$$ would follow the same system.
So when it comes to settling up the LFG$$ can be exchanged for stirling.
So we're pegging the LFG$$ to the GBP, which is ofcourse the sensible thing to do. But it somehow lacks ambition. I think securitizing NJS components would be more fun.
The gold standard for sterling was broken almost a century ago. GBP is fiat money - it has value because the government says so, we believe them, and the economy has some strength.
So we're pegging the LFG$$ to the GBP, which is ofcourse the sensible thing to do. But it somehow lacks ambition. I think securitizing NJS components would be more fun.
The gold standard for sterling was broken almost a century ago. GBP is fiat money - it has value because the government says so, we believe them, and the economy has some strength.