I’d like to believe that we’re going back to the gold standard, but I don’t.
The total debt of all the world’s governments far exceeds the value of all the gold in the universe. Going back now would trigger a calamity I fear.
Think about it ...
We are $22 trillion in debt, and spending money like there's no tomorrow. And yet long-term U.S. Treasury bonds are posting an interest rate that's barely over 2%. There's no reason why these two things should be happening at the same time, but they are.
We may have literally reached the point where the U.S. dollar rules the financial world and has no competitors.
Especially since when the RATs come into power, they expand social handouts since all they have to do to cover the expenditure is to print more money.
“The total debt of all the world’s governments far exceeds the value of all the gold in the universe. Going back now would trigger a calamity I fear.”
Gold is a commodity and its value is determined by supply and demand. If the price of an ounce of gold is pegged at $10,000 per ounce and the supply restricted to government use only than the problem would be solved
Careful, you’re falling for the leftist, anti-American narrative trying to discourage patriots.
We’re killing the fed.
And gold is coming back. Get used to it.
Goodbye socialism, you little punks!