I believe the real gold backed BRICS will kill the fed. The USA is 36 trillion in debt, That's alot of gold. about 1,440,000 metric tons, by my math. Where is the country that's already 36 trillion upside down going to find that much gold? Face it, USA is bankrupt and trying to borrow more.
We are not going to pay off the national debt. The Fed loaded that debt onto the US through treasonous actions, and they will be told to stick that debt where the shine don't shine. I think the reason China was dumping their US bonds was they know this is coming.
$3.9T is in T-Bills. $4.0T is in T-Bonds. $13.7T is in T-Notes. That's $21.6T in public debt.
That's alot of gold.
None of those securities pay out in gold when they mature.
Where is the country that's already 36 trillion upside down going to find that much gold?
It's not that far upside down. Debt vs GDP is 120%. So, it's only very vaguely about $6T in the red, so far.
Face it, USA is bankrupt and trying to borrow more.
I think this is a cynical view, and one they would like you to have... their agenda relies on austerity, after all. This is just the same old wealth transfer in a new package.
That's just an extrapolation from past figures. It ignores much of the reality, like how many citizens owns those bonds? Why is medicare so expensive vs what it returns? What happens if we give out less bonds and notes at auctions? What happens if we increase business taxes?
Point is.. saying 36 trillion in debt, unqualified, and then suggesting that this amount is entirely a deficit ignores the truth of how this monster is constructed and how easily it is dismantled.
I believe the real gold backed BRICS will kill the fed. The USA is 36 trillion in debt, That's alot of gold. about 1,440,000 metric tons, by my math. Where is the country that's already 36 trillion upside down going to find that much gold? Face it, USA is bankrupt and trying to borrow more.
We are not going to pay off the national debt. The Fed loaded that debt onto the US through treasonous actions, and they will be told to stick that debt where the shine don't shine. I think the reason China was dumping their US bonds was they know this is coming.
The Fed created that debt out of nothing, They will be held responsible for the failure of fiat currency
$3.9T is in T-Bills. $4.0T is in T-Bonds. $13.7T is in T-Notes. That's $21.6T in public debt.
None of those securities pay out in gold when they mature.
It's not that far upside down. Debt vs GDP is 120%. So, it's only very vaguely about $6T in the red, so far.
I think this is a cynical view, and one they would like you to have... their agenda relies on austerity, after all. This is just the same old wealth transfer in a new package.
https://www.usdebtclock.org/index.html?taxpayer
That's just an extrapolation from past figures. It ignores much of the reality, like how many citizens owns those bonds? Why is medicare so expensive vs what it returns? What happens if we give out less bonds and notes at auctions? What happens if we increase business taxes?
Point is.. saying 36 trillion in debt, unqualified, and then suggesting that this amount is entirely a deficit ignores the truth of how this monster is constructed and how easily it is dismantled.
Did you see the part about your share?
At today's gold valuation. What happens when the manipulation of the price of gold is removed, and its value sky rockets? Less gold is needed.