Master and Commander
The Collapse of the Central Banking System Has Begun
JOE LANGE
JAN 25, 2023
(badlands.substack.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (38)
sorted by:
The Fed doesn't literally collapse, what they mean is the dollar collapses because people lose confidence in it as our massive debt can only be covered by further borrowing and money printing. That causes massive inflation that kills the value of the dollar and wipes out anyone who holds US dollars in cash or in accounts.
My understanding is the Fed Dollar will be replace with a Treasury Dollar that is backed by precious metals.
Math doesn't work. We owe $34.5 TRILLION fed dollars. The US Government holds $11 billion in gold.
Who's responsibility is a Fed Dollar?
How did you decide the value of the gold?
Congress is ultimately responsible.
I decided the value of gold based on the highest price a trustworthy entity was paying for the form of gold I own.