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Trump to Ft. Knox?

Posted on 2/20/25 at 12:11 pm
Posted by NewbombII
Member since Nov 2014
5234 posts
Posted on 2/20/25 at 12:11 pm
What happens if there is no gold? How does it affect the economy?
Posted by Shepherd88
Member since Dec 2013
4798 posts
Posted on 2/20/25 at 12:15 pm to
Nothing. It’s all psychological at this point.

The USD is backed by warships and aircraft carriers not gold.
This post was edited on 2/20/25 at 12:22 pm
Posted by Rize
Spring Texas
Member since Sep 2011
17314 posts
Posted on 2/20/25 at 12:44 pm to
Posted by DarkKnight197
Member since May 2023
59 posts
Posted on 2/20/25 at 1:04 pm to
Posted by dagrippa
Saigon
Member since Nov 2004
11761 posts
Posted on 2/20/25 at 1:49 pm to
quote:

The USD is backed by warships and aircraft carriers not gold.


Well we are apparently cutting defense spending and firing high level military. We appear to be pulling out of Nato or at least hastening it's collapse by abandoning Europe while the biggest conflict since WWII is ongoing. Our president is kissing the arse of an exKGB Russian who is intertwined with Iran and North Korea. An unelected/unconfirmed autistic Billionaire from South Africa seems to be the guy doing much of the work so far in our new administration.

Seems like the USD backing is wobbly.
Posted by Shepherd88
Member since Dec 2013
4798 posts
Posted on 2/20/25 at 1:57 pm to
Our defense budget dwarfs any other nation. Without looking I’d bet you could combine the entire world’s defense budget together and it still wouldn’t eclipse ours.

NATO is irrelevant and has been since the collapse of the USSR.

Zelensky is a dictator who is a money laundering mechanism for both sides of the political aisle.

Elon may be autistic but he’s the greatest businessman of our time and that’s not arguable. Love him or hate him.

There’s no one who can compete with the dollar or the us militarily at this point. Until that changes, the dollar will shine. Gold will never be the answer.
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
51951 posts
Posted on 2/20/25 at 2:08 pm to
quote:

What happens if there is no gold?


Price of gold sky rockets and our credit rating as a country hits rock bottom
Posted by LemmyLives
Texas
Member since Mar 2019
9995 posts
Posted on 2/20/25 at 2:09 pm to
Am I the only one who knows how much gold the NY Fed stores? They just move billions of dollars of gold from one cage to another.

quote:

However, the vault today remains the world’s largest known depository of monetary gold.

As of 2024, the vault housed approximately 507,000 gold bars, with a combined weight of 6,331 metric tons.
Posted by Art Blakey
Member since Aug 2023
279 posts
Posted on 2/20/25 at 2:57 pm to
quote:


The USD is backed by warships and aircraft carriers not gold.


Could you please direct me to the window where I could exchange my usd for a warship?
Posted by Vrai
Baton Rouge
Member since Nov 2003
3955 posts
Posted on 2/20/25 at 3:25 pm to
Posted by Tmcgin
BATON ROUGE
Member since Jun 2010
5899 posts
Posted on 2/20/25 at 3:31 pm to
I wouldn’t believe anything he announces from there but I’d search all the grifters with him as they leave
Posted by Buck_Rogers
Member since Jul 2013
1983 posts
Posted on 2/20/25 at 3:41 pm to
quote:

Well we are apparently cutting defense spending

How they implement the cuts is what matters. So much waste is spent in the name of "national defense". A quick example is when funds are used for things like building new housing to keep their budget, only to tear the new housing down the next year to pay military families to live off base.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
92465 posts
Posted on 2/20/25 at 3:49 pm to
quote:

dagrippa


Posted by frankthetank
Member since Oct 2007
2411 posts
Posted on 2/20/25 at 5:50 pm to
Amazingly succinct regurgitation of DNC talking points. Good job comrade.
Posted by Woolfpack
Member since Jun 2021
978 posts
Posted on 2/20/25 at 6:16 pm to
I read an article, years ago, describing how a handful of people can bring down a discussion forum if not weeded out. They are practiced at creating discord without breaking any rules and even seeming as though they are trying to add to the discussion.

It’s all about making it so reasonable people who would normally add to a discussion would decide to not join in on the stupidity. It doesn’t take long to turn an interesting discussion into mud flinging.
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