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David Frum

@davidfrum ↗

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Last Checked March 2, 2022

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Sun Feb 27 17:39:14 +0000 2022

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David Frum @davidfrum

But what about gold? What about bitcoin? 13/x — PolitiTweet.org

Posted Feb. 27, 2022

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David Frum @davidfrum

If an authoritarian regime wants a currency that enables its people to buy things, they need a currency that is generally convertible. That means placing their head in the Federal Reserve/ECB noose. And if they want to export a lot to rich countries - they're extra noosed. 12/x — PolitiTweet.org

Posted Feb. 27, 2022

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David Frum @davidfrum

The Russians just showed the whole world the limits of gold. Normal countries can pledge their gold to settle accounts. Pariah countries must not only sell their gold, but they also have to move it. Thousands of tons of it. That's not so convenient. 14/x — PolitiTweet.org

Posted Feb. 27, 2022