Master and Commander
The Collapse of the Central Banking System Has Begun
JOE LANGE
JAN 25, 2023
(badlands.substack.com)
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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.
Velocity of money is why.
It's currently about 1.35. That means our $23 trillion economy needs substantially more money than the ~8000 tons of gold we have could support with a 100% gold backed currency.
https://fred.stlouisfed.org/series/M2V
Wrong. We have enough gold. You're basing the amount needed by it's current value, which is not static.