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Reason: None provided.

The USD is the accepted global standard currency. Most of the money the Fed prints actually leaves the country and is held by foreign countries. This is part of the reason hyperinflation hasn't occurred on a scale equal to the Fed's currency printing. Once the USD is no longer trusted as a safe asset to hold, foreign countries will look elsewhere for a safe haven (precious metals, etc) and US currency will suddenly come flooding back into the US, and at that point the dam will break and hyperinflation will run wild.

2 years ago
12 score
Reason: None provided.

The USD is the accepted global standard currency. Most of the money the Fed prints actually leaves the country and is held by foreign countries. This is part of the reason hyperinflation hasn't occurred on a scale equal to the Fed's currency printing. Once the USD is no longer trusted as a safe asset to hold, foreign countries will look elsewhere for a safe haven (precious metals, etc) and US currency will suddenly come flooding back into the US, and at that point the dam will break and hyperinflation will run wild.

Gold will destroy the Fed. Once countries start favouring gold and selling the US debt that they hold (Treasury Securities) as well as pulling their gold reserves out of the Federal Reserve Bank of New York, the entire Federal Reserve ponzi scheme will begin to be exposed and will collapse.

They don't have anywhere near enough gold to cover the trillions of US dollars that will come flowing back in.

2 years ago
11 score
Reason: Original

The USD is the accepted global standard currency. Most of the money the Fed prints actually leaves the country and is held by foreign countries. This is part of the reason hyperinflation hasn't occurred on a scale equal to the Fed's currency printing. Once the USD is no longer trusted as a safe asset to hold, foreign countries will look elsewhere for a safe haven (precious metals, etc) and US currency will suddenly come flooding back into the US, and at that point the dam will break and hyperinflation will run wild.

Gold will destroy the Fed. Simply put; once countries start sending their worthless US dollars back and asking for their gold in return, the entire Federal Reserve ponzi scheme will be exposed and will collapse.

They don't have anywhere near enough gold to cover the trillions of US dollars that will come flowing back in.

2 years ago
1 score