25 sats \ 5 replies \ @Satosora 10 Oct \ on: Can the Federal Reserve Buy Gold? Should It? econ
"Today, many central banks, including the European Central Bank, the Swiss National Bank, the German Bundesbank, the Bank of France, the Bank of Italy, the Dutch National Bank, the Bank of Japan, the Reserve Bank of India, the People’s Bank of China, and the Monetary Authority of Singapore among others, hold gold as an investment and reserve against their monetary liabilities. It may surprise some that, in contrast, the Federal Reserve owns no gold at all." Is the usa behind or ahead of the times?
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25 sats \ 4 replies \ @Undisciplined OP 10 Oct
The US is leading the way on the road to financial ruin.
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38 sats \ 3 replies \ @Satosora 10 Oct
Or maybe we will be first to exit the race? Just a matter of perspective.
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40 sats \ 2 replies \ @Undisciplined OP 10 Oct
I think Latin America (or at least parts of it) may beat us there. The US regime will not give up the world reserve currency easily or willingly.
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43 sats \ 1 reply \ @grayruby 10 Oct
not willingly is the key.
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30 sats \ 0 replies \ @Satosora 10 Oct
Yes, but will they have enough power to do anything about it? If their money inflates, it wont be worth having.
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