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Federal Reserve defaults when Germany attempts gold withdrawal
- tverr_bjelke 13y agoWhew! How can this happen - maybe we are facing a new episode of "free trade amongst allies", trust and auditing ... where are you?
- damm 13y agoLooks like a history lesson might be useful. https://en.wikipedia.org/wiki/Nixon_Shock https://en.wikipedia.org/wiki/Nixon_Shock We stopped operating on gold in 1971 and I doubt we could go back.
- dredmorbius 13y agoTake any story from RT on the stability of the dollar with an abundance of salt. Yes, the German gold story's fascinating (I've been following it off and on for a year or two now), but ... sort of vague. And RT, as an official arm of the Russian government, has a decided interest in financial instability in the US. Its coverage on other issues (see Sophie Schevardnadze's interview of Karen Hudes which I commented on a week or so back) is ... distinctly spotty.