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20 sats \ 1 reply \ @freetx 25 Feb \ parent \ on: Can the United States 'Grow' Its Way Out of Debt? Politics_And_Law
They certainly are not going to leave it to the markets, are they?
The benefit of that is then their asset floats as they print more money. If they print another $1T then in theory gold price rises and offsets.
I think the rehypothification problem will be the worst of the problems because there will be no way to tell who really owns that specific gold bar
Yes that is a big deal and is of course behind the question of "is Fort Knox empty?"
But yea, thats probably the biggest stumbling block
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0 sats \ 0 replies \ @Rothbardian_fanatic OP 25 Feb
The rehypothification problem would be the greatest stumbling block to anything they want to do. Just think of how many things have been rehypothified because there is no self-custody of financial instruments!!! How many times have THEY sold each instrument?
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