derryb ✭✭✭✭✭

pawning is a short term loan, the gold being collatoral. (View Post)

and a central bank that funds them with new money at the expense of those holding old money. (View Post)

I believe Secretary of the US Treasury just promoted $7500 gold. Seeks (Just) $78 Trillion To Fight Climate Change A bit of newly printed MMT money here, a bit of newly printed MMT money there. . . T… (View Post)

Only in ink and paper. A nation $34 Trillion in debt is far from being a very wealthy nation. Those betting Trillon$ are betting with other people's money. Those betting nothing are actually bet… (View Post)

history shows that monetary systems backed by PMs fail for three reasons only. * the PM content of the coinage is reduced/diluted over time (i.e. Rome). * the PM backing of paper currencies is remove… (View Post)