777 fixer
Veteran
- Jul 21, 2004
- 4,792
- 900
Knew you'd see this administration for who they are eventually.
I'll still take them over the previous administration.
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Knew you'd see this administration for who they are eventually.
Doesn't stop them, but there is no legitimate reason at this time for them to do so.
Why would they risk their 50 Billion Trade Surplus?
Ever stop to think that IF the US and Europe went back to real money they would likely do it on a "Day Forward" basis? Meaning anything outstanding could NOT be exchanged for Gold. That would prevent any "run" on Gold.
Since you and Tech are so fond of demanding proof, I'll extend you the same courtesy. What are the specifics of other countries demanding Gold from the US?
Along with the problem of having other countries showing up at the door wanting to convert dollars to gold there is nothing stoping a country on a gold standard to print way more money than they have in gold reserves.