RHOD GOLD-BACKED CRYPTO/CURRENCY WHITE PAPER
“Crypto-Currency Gateway for GDP Development Projects”
This cryptocurrency is Gold-Backed
Real Money over Fiat Money
Collectable / Spendable / Fungible / Store of Value
CURRENCY PRINTING AND ITS EFFECT ON THE GLOBAL ECONOMY
Currency Printing
As with all other things affected by supply and demand, the currency is not exempt from this principle. Printing currency worked for many years in the United States.
Since the United States exported printed money, inflation or currency was delivered internationally. How do you export inflation, you ask? FOR MANY YEARS, the U.S. Dollar has been the world’s reserve currency. Because of its status as the reserve currency for oil and other products for payment of goods, many companies and providers exchanged money for goods and other services delivered to the USA. Under this system, the U.S. Dollars in international and central banks are the common medium of exchange for simplicity in trade transactions.
Under the Bretton Woods system, there was a Gold Standard, and most other currencies became pegged to the dollar.
As a result of this arrangement, dollars are the primary intervention currency. However, this arrangement is flawed because it will directly affect the global economy if the dollar value is compromised. So, shortly after, we started printing more and more currency.