Master and Commander The Collapse of the Central Banking System Has Begun JOE LANGE JAN 25, 2023 - The Great Awakening

Master and Commander The Collapse of the Central Banking System Has Begun JOE LANGE JAN 25, 2023 (badlands.substack.com)

posted 266 days ago by ChiefWoody2021 266 days ago by ChiefWoody2021 +143 / -0

Master and Commander

The Collapse of the Central Banking System Has Begun

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– Vihad 1 point 260 days ago +1 / -0

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.

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– OffGridGuy 1 point 260 days ago +1 / -0

Velocity of money is why.

The velocity of money is the frequency at which one unit of currency is used to purchase domestically- produced goods and services within a given time period. In other words, it is the number of times one dollar is spent to buy goods and services per unit of time.

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

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– Vihad 1 point 259 days ago +1 / -0

Wrong. We have enough gold. You're basing the amount needed by it's current value, which is not static.

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