I'm not a money expert or exchange rate pro. But I'm going to give it a whirl. Have the government buy gold, print their own money and lock it to the price of gold?
Would that stabilize a perfectly worthless economy with no monetary standard.
Yes, your solution provides monetary stability. But that is not enough for the bankers and free money advocates. They insist on spreading their fractional reserve model to the entire monetary system. They achieve this by imposing a central bank model that hypothecates and rehypothecates any hard money reserves that exist.
As soon as currency is introduced to replace money, and people accept it as money, the game is over.
The article says 80% of the budget goes to pay “civil servants”. There’s the problem right there.
L