What is the Gold Standard
Gesara.news » News » What is the Gold StandardNews Date: July 7, 2020
Gold standard, monetary system in which the standard unit of currency is a fixed quantity of gold or is kept at the value of a fixed quantity of gold. The currency is freely convertible at home or abroad into a fixed amount of gold per unit of currency.
In an international gold-standard system, gold or a currency that is convertible into gold at a fixed price is used as a medium of international payments. Under such a system, exchange rates between countries are fixed; if exchange rates rise above or fall below the fixed mint rate by more than the cost of shipping gold from one country to another, large gold inflows or outflows occur until the rates return to the official level.
President Franklin Roosevelt suspended the gold standard in 1933, a move which is widely credited with helping the country climb out of the Depression.
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Chloroquine, a relatively safe, effective and cheap drug used for treating many human diseases including malaria, amoebiosis and human immunodeficiency virus is effective in inhibiting the infection and spread of SARS CoV in cell culture. The fact that the drug has significant inhibitory antiviral effect when the susceptible cells were treated either prior to or after infection suggests a possible prophylactic and therapeutic use.
Is this a pure coincidence?
Again? Everybody loves RVs suddenly.
In Vice President Mike Pence's visit to Winnebago Industries in Forest City on Tuesday afternoon, he wasn't shy about calling the RV manufacturer a crucial part of the "Great American Comeback".
He came down the famous escalator along with Melania at Trump Tower!
This is a day to remember!
Is this just a coincidence?