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40 sats \ 13 replies \ @Satosora 16h \ on: Does the United States Government Need a Gold Reserve? No. econ
Just like how people believe the dollar is valuable, the gold reserve is irrelevant when you compare it to the debt we owe. Just imagine what would happen when they actually audit the gold and find a bunch missing?
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10 sats \ 12 replies \ @Undisciplined OP 16h
Let's assume the gold is there. In that case, the market value of the gold is much higher than it's listed value, because it's still officially marked at $42 per ounce.
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41 sats \ 11 replies \ @Satosora 16h
Maybe doge will get on that and give everyone an ounce of gold. Would people appreciate it more if that happens?
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10 sats \ 10 replies \ @Undisciplined OP 16h
I think that gold is going into the Strategic Wealth Fund.
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22 sats \ 9 replies \ @Satosora 16h
Will it now? Along with all of the shitcoins?
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10 sats \ 8 replies \ @Undisciplined OP 16h
That's my guess.
Plus, all the student loans and federal property.
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33 sats \ 7 replies \ @Satosora 16h
A lot of those student loans are going to default. Who can afford to pay them off, especially the millennials?
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