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[–] 25116665? ago 

Confidence is not broken yet. If you give someone the choice between a rock and USD, they will accept USD. That isn’t broken confidence.

China is not the biggest holder of US debt, the FED is. And its not USD they hold, just paper that promises they will be paid plus interest. In other worlds, US citizens have promised to pay all Treasury holders through future taxation of their labor.

Q never mentions economics. All he said was that Gold will destroy the FED. Difficult to sum up the complexity of undoing the FED, world monetary systems and credit with once sentence.

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[–] 25118463? ago  (edited ago)

Confidence broke in part the last 5 years. Goldprice doubled in this time. Since the creation of the Petro-Dollar (Bretton Woods 1944) it broke 98% compare to Gold. You can measure confidence only in Gold. It's self-explanatory USD didn't break a 100% otherwise you couldn't buy Gold for 2k/oz. But the devaluation of USD is accelerating massively this months.

China is the biggest holder of US debt of the foreign countries I meant. The whole world has probably more USD than the FED. With inflation they help to finance US-citizens. That's great.

Gold shall destroy the FED is the whole point. Gold is the center of economics not the USD. Even in periods they abolished the Goldstandard. Q summed it up brilliantly.

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[–] 25120110? ago 

Do research on who holds treasury debt. The FED is the buyer of last resort when treasuries are unsold - until recently. FED has taken a much bigger buying role. Foreign entities which include governments only hold 30% of treasuries.

Credit the center of modern day economics. If we destroy credit and make the physical claim to gold the center, the world economy, as we know it, is finished. Massive suffering incurs. Is that great?? Doesn’t sound like a great plan to me. So I have questions...

If a new currency is pegged directly to gold, is it pegged to world gold holdings or only US holdings of gold?

If only US holdings of gold, can foreign holders of gold redeem for US currency? If yes, doesn’t that make the US and US companies vulnerable?

If world holdings, then he who holds the gold controls the world economy.

What’s the transition gonna look like?

How do we get there?

How long will it take?