Do you have any evidence that Trump or his economic advisers actually WANT to go back to a gold standard? I have heard no such thing. My understanding is that no bank wants to go back to the restraints of a gold backed currency, not even our world competition such as China or Russia. Although, I have heard rumors that someone might try. But Qaddafi was the last world leader who was going to issue a gold backed currency and we know how that ended.
You have three options:
-
Balance the budget and pay off the debt (LOL no one is seriously suggesting this)
-
Go into default. The USA economy collapses.
-
Inflate your way out of debt.
#3 is the option that the USA wants to go and the plan that the EU and other ZOG'd nations want to go. They are going to make the very high inflation you saw after the scamdemic to be an every year occurrence. 4% will be the new official advertised inflation rate using clever manipulation to cover up the real 10% inflation we will suffer every year.
If the dollar were strong, the price of gold would remain level. But nope. The price of gold goes up $100 each day just for a small ounce. If just one gold coin you can fit in the palm of your hand loses $100 every fucking day, you're getting hosed.
Currently, T-Bills and T-Bonds pay out about 4.5%, that's not as good as 20% from Stocks, but it's better than having it in a bank...
Trump has to refinance about $9.2 Trillion in expiring Treasury bills in about six months or less. If he has to do it at 4.5%, that's about 1.5% higher than what it currently is. That means that the interest you have to pay on outstanding debt is about to jump much higher!!
Interest Expense and Average Interest Rates on the National Debt FY 2010 – FYTD 2025 https://fiscaldata.treasury.gov/interest-expense-avg-interest-rates/
As you can see on this chart https://fred.stlouisfed.org/series/DGS10 the expiring treasury bills that need to be resold were at about 2% or so. At 4.5% you are doubling the interest payment on $9.2 trillion debt! YIKES!
I think this is the real problem that Trump and his advisors are worried about, not the fucking stock market or a tariff rate on China.
Trump fucked up by instigating conflict with the chinky eyed fuckers who were buying up our treasury debt at low yields.
I read the twitter post. Again it is falsely portraying Trump as the people's champion against greedy conniving kike jew bankers. It's wrong because Trump is their puppet boy.
Trump would do far greater service to the USA citizens by slashing the budget. Sadly, DOGE was just smoke and mirrors and Trump and Republicans passed a Continued Resolution to continue Biden's terrible, wasteful budget until the end of September. FRAUD!!!!
Also, GOLD just became a tier 1 asset for banks. So now banks may purchase gold instead of USA treasuries to fill their reserves. This means that the demand for USA treasuries has wildly dropped and you see that demand shifting over to GOLD, which has doubled in price in just 2 years. GOLD is beating the stock market. this means that the Federal Reserve Notes are losing value, rapidly.
Note: Qaddafi's gold being looted in 2013 might be why gold was stagnate for 10 years. Over $200 billion of gold was stolen and redistributed, causing a glut of supply.
This TARIFF nonsense is just the front page story for the smooth brained retard democrats and dumbfuck MAGAtards to bitch about. If the globalists do agree to increase tariffs worldwide, then it's just end consumers like you and i that end up paying it at the check-out counter to the cashier. And it can be perfect cover for the massive inflation they intend to roll out every year now (see option 3 above).
Do you have any evidence that Trump or his economic advisers actually WANT to go back to a gold standard? I have heard no such thing. My understanding is that no bank wants to go back to the restraints of a gold backed currency, not even our world competition such as China or Russia. Although, I have heard rumors that someone might try. But Qaddafi was the last world leader who was going to issue a gold backed currency and we know how that ended.
You have three options:
-
Balance the budget and pay off the debt (LOL no one is seriously suggesting this)
-
Go into default. The USA economy collapses.
-
Inflate your way out of debt.
#3 is the option that the USA wants to go and the plan that the EU and other ZOG'd nations want to go. They are going to make the very high inflation you saw after the scamdemic to be an every year occurrence. 4% will be the new official advertised inflation rate using clever manipulation to cover up the real 10% inflation we will suffer every year.
If the dollar were strong, the price of gold would remain level. But nope. The price of gold goes up $100 each day just for a small ounce. If just one gold coin you can fit in the palm of your hand loses $100 every fucking day, you're getting hosed.
Currently, T-Bills and T-Bonds pay out about 4.5%, that's not as good as 20% from Stocks, but it's better than having it in a bank...
Trump has to refinance about $9.2 Trillion in expiring Treasury bills in about six months or less. If he has to do it at 4.5%, that's about 1.5% higher than what it currently is. That means that the interest you have to pay on outstanding debt is about to jump much higher!!
Interest Expense and Average Interest Rates on the National Debt FY 2010 – FYTD 2025 https://fiscaldata.treasury.gov/interest-expense-avg-interest-rates/
As you can see on this chart https://fred.stlouisfed.org/series/DGS10 the expiring treasury bills that need to be resold were at about 2% or so. At 4.5% you are doubling the interest payment on $9.2 trillion debt! YIKES!
I think this is the real problem that Trump and his advisors are worried about, not the fucking stock market or a tariff rate on China.
Trump fucked up by instigating conflict with the chinky eyed fuckers who were buying up our treasury debt at low yields.
I read the twitter post. Again it is falsely portraying Trump as the people's champion against greedy conniving kike jew bankers. It's wrong because Trump is their puppet boy.
Trump would do far greater service to the USA citizens by slashing the budget. Sadly, DOGE was just smoke and mirrors and Trump and Republicans passed a Continued Resolution to continue Biden's terrible, wasteful budget until the end of September. FRAUD!!!!
Also, GOLD just became a tier 1 asset for banks. So now banks may purchase gold instead of USA treasuries to fill their reserves. This means that the demand for USA treasuries has wildly dropped and you see that demand shifting over to GOLD, which has doubled in price in just 2 years. GOLD is beating the stock market. this means that the Federal Reserve Notes are losing value, rapidly.
Note: Qaddafi's gold being looted in 2013 might be why gold was stagnate for 10 years. Over $200 billion of gold was stolen and redistributed, causing a glut of supply.
This TARIFF nonsense is just the front page story for the smooth brained retard democrats and dumbfuck MAGAtards to bitch about.