Fun fact, "greenbacks" were issued by President Abraham Lincoln’s administration during the Civil War to fund military efforts when traditional borrowing in specie (gold) proved insufficient.

They were non-convertible paper currency, legally mandated as "legal tender" for all debts, though notably, import duties and interest on public debt still required payment in gold.

Wouldn't it be interesting if the current tariffs were declared to be payable in gold?

#gold #tariffs #trump #inflation #money #bitcoin #zaps