Asia Broadband Inc (AABB)

[alidare]

$AABB $AABBG.X

“When the Great Depression was beginning, people were exchanging their paper for gold in such extremes that the US Treasury worried they may run out of gold. By law, the Federal Reserve was allowed to issue currency up to the point that it was 40 percent backed by gold. Therefore, as people redeemed their paper money for gold, it had a multiplier effect of reducing the amount of paper currency in circulation. One can imagine that it didn’t take long for the Federal Reserve to be bumping up against its 40 percent gold-backed limit relative to the currency. This caused a form of quantitative tightening or reduction in the money supply.”……

https://seekingalpha.com/amp/article/4354223-gold-prices-during-great-depression