A tale of Facebook’s Libra, missing gold and a U.S. government default

Myles Milston
Jun 24, 2019 · 10 min read

If Facebook manages to pull off the Libra project, it will become a global functional currency. What does that mean for the world’s existing currencies? In this article I take a closer look at the U.S. dollar in particular, and one (likely) scenario under which the U.S. defaults on its debt.

One gold rate to rule them all