NSFW Anon Archived It's Really Happening!!! Gold (platinum) Destroys the Fed (threadreaderapp.com)
submitted ago by 3721205?
Posted by: 3721205?
Posting time: 9 months ago on
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Archived on: 6/21/2020 10:00:00 AM
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53 upvotes, 9 downvotes (85% upvoted it)
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NSFW: Yes
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NSFW Anon Archived It's Really Happening!!! Gold (platinum) Destroys the Fed (threadreaderapp.com)
submitted ago by 3721205?
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[–] 23030754? 0 points 2 points 2 points (+2|-0) ago
Fed would be left with less than $2K in pure platinum to sell at scrap value.
[–] 23031071? 0 points 1 point 1 point (+1|-0) ago
Still makes me nervous. It would require a complete wipe of the slate to erase the value of those coins. As it is, the government owes the Fed a huge amount of money, but the means of creating that debt could easily be ruled unconstitutional, erasing it while leaving everyone's bank balance intact. Much less economic disruption, but still eliminate the need for income tax. I'm having a hard time imagining how a total reset would be possible without instantly bankrupting every business in the country.