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Do we have the gold?
Posted on 9/21/26 at 6:55 pm
Posted on 9/21/26 at 6:55 pm
Loading Twitter/X Embed...
If tweet fails to load, click here.quote:https://www.zerohedge.com/news/2026-09-18/gold-155000-ounce
The fellas over at Zero Hedge put up a Tweet last week that floated a wild monetary thought experiment: they said Treasury Secretary Scott Bessent could theoretically “buy back” our roughly $40 trillion in U.S. government debt using cash from the Treasury General Account.
There would just be one small detail standing in the way…the government would first have to re-mark its gold reserves to somewhere around $155,000 per ounce.
If you’re not familiar with the concept, it probably sounds outright insane. But the basic idea is actually simple, and once you follow it through to its logical conclusion, things get interesting pretty quickly
Posted on 9/21/26 at 7:09 pm to Ailsa
That will not happen.
Posted on 9/21/26 at 7:10 pm to Ailsa
If there's one thing I'm fairly confident about it's the perpetual dogged efforts from the United States government and the Federal Reserve to protect and continue the current out of control and reckless USD fiat monetary system. The Federal Reserve/US will do everything they can to keep the USD as the global reserve currency. The repercussions of the USD losing its global reserve currency status is a spectacular economic and financial collapse of the US.
As far as the US having enough gold to make a pitch for some hybridization of the current fiat monetary system backed by an appreciable percentage of gold.....seems unlikely and out of character when considering the historical behavior of the US government and the Federal reserve.
As far as the US having enough gold to make a pitch for some hybridization of the current fiat monetary system backed by an appreciable percentage of gold.....seems unlikely and out of character when considering the historical behavior of the US government and the Federal reserve.
Posted on 9/21/26 at 7:15 pm to Ailsa
It won’t make a tinkers damn if we don’t exercise more fiscal constraints …. and I don’t see any evidence that Congress is capable of restraining their spending
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