Master and Commander
The Collapse of the Central Banking System Has Begun
JOE LANGE
JAN 25, 2023
(badlands.substack.com)
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Is the Fed a government entity? Yes or no.
Yes or no, is the price of gold fixed?
You aren't asking specific enough questions.
No, the Federal Reserve banks are not.Government entities. Yes, the Federal reserve Board of Governors is an agency of the Federal Government.
In the US the statutory price of gold is set by law, meaning since 1973 US gold holdings are priced that a constant $42 2/9 per fine troy ounce, even though the current market price is nearly 8x more than that. Does that mean the price is fixed? For that entity, yes, for everyone else, no.
The London Bullion Market Association fixes the price of gold twice a day and that is used for transactions on the London Bullion Market. Does that mean the price is fixed? For those entities on that exchange, yes, for everyone else, no.
Everything I do with gold is based on the spot price, which changes throughout the day based on trading that takes place. Does that mean the price is fixed?
If the Fed is not a government entity. The debt does not belong to We The People.
Is the price of gold static? Yes or no.
Exactly what form do you imagine most of America's debt takes?
Hint, over $10 trillion of the debt is in the form of Treasury notes. Hint 2, additional trillions are in the form of Treasury bills and Treasury bonds
Of course the price of gold isn't static, I already told you the spot price changes based on transactions.
If the price of gold isn't static, why do you think we don't have enough?
[Their] debt is denominated in Fed Dollars, not American Dollars. We The People are not responsible for Fed Dollars.