U.S. Treasury Secretary Scott Bessent insists, “all the gold is there,” dismissing any need to visit Fort Knox or revalue gold reserves in a sovereign wealth fund.
He assures Americans that annual audits are conducted and invites any member of Congress to see for themselves.
I still don't follow how we can be a gold backed currency when we have $2.25 trillion in cash in circulation and the US holds (allegedly) only $428 billion in physical gold.
We are NOT a gold backed currency, haven't been for decades. The dollar is backed by "faith in the US government". That is the whole problem. That is why the Fed can just print money out of thin air
Here’s another question: how do we pay off a $36 trillion national debt with only $2.25 trillion dollars? In order for us to be in debt $36 trillion, that $36 trillion had to have been created… where is it?
Traditionally they would use a war for the cover of the collapse of the fractional reserve banking currency.
Most recently they tried to use covid as the cover but Hillary lost and Trump turned the economy back on.
The bankers would use those events as excuses for the collapse the currency so no one blamed the fractional reserve currency and the bankers. They would then reset the system with a new fractional reserve currency and start the process the anew.
Thank you . First why would you believe any statistic from the Goobermint ? so the amount uknown. Then what would make you think there is a free market price setting mechanism ? so dollar value also unknown.
As we sleep walk through life REALITY has a nasty way of surprising us. But is ALWAYS self correcting and ready or not will do so.
Simple, gold will either be revalued or the currency supply will be decreased by 2 trillion. Also, we have unmoved gold reserves that amount to close to 700 billion last i heard. Could be more or less by now.
First thing I’ve heard about the result of all the Fort Knox talk. Anybody know if there’s any truth to this?
2619
Q !!mG7VJxZNCI 12/12/2018 19:01:15
Anonymous 12/12/2018 18:57:57 Do we have the gold?
Yes. Gold shall destroy FED. Q
u/#q2619
Still digging...
Here's moar:
U.S. Treasury Secretary Scott Bessent insists, “all the gold is there,” dismissing any need to visit Fort Knox or revalue gold reserves in a sovereign wealth fund.
He assures Americans that annual audits are conducted and invites any member of Congress to see for themselves.
https://x.com/RedLineNewsUSA/status/1893798744933417413
Bessent is full ofnit because at least 7 audits are missing.
Agent Mockingbird is a parody account. Look closer at the X post.
Thanks Wulf...
I still don't follow how we can be a gold backed currency when we have $2.25 trillion in cash in circulation and the US holds (allegedly) only $428 billion in physical gold.
We are NOT a gold backed currency, haven't been for decades. The dollar is backed by "faith in the US government". That is the whole problem. That is why the Fed can just print money out of thin air
Here’s another question: how do we pay off a $36 trillion national debt with only $2.25 trillion dollars? In order for us to be in debt $36 trillion, that $36 trillion had to have been created… where is it?
Fuck paying it off.
Cancel it.
Issue new currency backed by the gold we have.
Tell the central banks to get fucked. What are they gonna do about it?
It was all their fraud. Who in the right mind would want to pay back the criminals that defrauded them?
I agree with you 1000%, but you missed the point of my question.
What were they planning to do once it became impossible to ever pay off our “debt”? What was their financial end game?
Traditionally they would use a war for the cover of the collapse of the fractional reserve banking currency.
Most recently they tried to use covid as the cover but Hillary lost and Trump turned the economy back on.
The bankers would use those events as excuses for the collapse the currency so no one blamed the fractional reserve currency and the bankers. They would then reset the system with a new fractional reserve currency and start the process the anew.
It's basic debt slavery model
So revaluing the existing gold to meet the US debt basically is the same as Obummer wanting to create $1 Trillion dollar coins
Thank you . First why would you believe any statistic from the Goobermint ? so the amount uknown. Then what would make you think there is a free market price setting mechanism ? so dollar value also unknown.
As we sleep walk through life REALITY has a nasty way of surprising us. But is ALWAYS self correcting and ready or not will do so.
Nixon took us off the gold standard “temporarily” in 1971.
Simple, gold will either be revalued or the currency supply will be decreased by 2 trillion. Also, we have unmoved gold reserves that amount to close to 700 billion last i heard. Could be more or less by now.
We have to explore even theory...
April 29th you say??? Hm... no treasury people were arrested on April 29th.
https://nitter.poast.org/NotOpCue/status/1912893831697064125