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:
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.