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As you just pointed out, a few hundred billion in gold is a drop in the bucket compared to the $36 trillion debt. If creditors get spooked, that reserve will do
by stickfigure 2y ago
As you just pointed out, a few hundred billion in gold is a drop in the bucket compared to the $36 trillion debt. If creditors get spooked, that reserve will do nothing.
Liquidate it, lay off the guards and administrators (seems in vogue these days), and move on.
- 827a 2y agoYeah; sell the bitcoin. Sell the gold. Sell the forests. Cut the military. Why own anything at all? Credit is just floaty vibes anyway; the economy is based on debt, debt is the only thing anyone ever needs to own.
- stickfigure 2y agoForests and the military are public goods; citizens derive benefit from these things. Bitcoin and gold are not public goods.