Thread, This is why we say literacy is not linked with Intelligence and common sense,
Infact literacy and education are two different things...
Now let's talk about what is wrong with this statement...
For that let me tell you some key points of how currencies get their values:👇
According to the foreign market exchange rates "Gold" is taken as the base asset all around the world as international trades are done with exchange of gold since a really long time.Countries around the world need to keep sufficient amount of gold in reserve to print 👇
notes or simply currency.
Suppose a country have gold of worth 1 million dollar in their reserve then they can print notes worth 1 million dollar only in their own currency.Means if 10 currency of that Country is 1 dollar then they can print notes only worth 10 million in their👇
currency. If they print more than that the value of their currency will drop drastically to match up with the gold prices in the reserve.Similar incident happened in Germany after the world war 1 when they started printing more currency to fight poverty.👇
And the value of currency collapsed.
1$ became much more than 1 trillion German Mark.
Bread prices went from 5 Marks to millions of mark and people were unable to buy a tiny piece of bread.
This what Communism is all about.
When your finance minister don't know a bit about👇
Basic Economics
That's why we say...
Better dear, than red..
#FuckCommunism😊
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