Bruh, I just learned that the Federal Reserve is neither part of the federal government nor does it have any Reserves 😑😑

Yet it controls the money supply in the US and you people are ok with this 😐

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Deadcutie · 18-21, F

If we go back on the gold standard, what would happen?

SW-User

@Deadcutie
We would need to buy more gold

Deadcutie · 18-21, F

@SW-User or get the gold mines running full steam....

SW-User

@Deadcutie
We'll never be able to back our currency with gold again.
There's too much out, in debt and circulation.

Deadcutie · 18-21, F

@SW-User yeah that was what I was thinking..

MikeSp · 56-60, M

@Deadcutie We can't go back on the gold standard. All the gold in Fort Knox and other repositories was removed decades ago to pay private lenders and other countries for debts our government incurred to them, and to pay for waging wars, and for programs that Congress would not approve. Case in point: If the US citizens still owned that gold, Trump would simply take what he needs to build the wall. As it stands, he can only bloviate which may have worked in the past, but not as President.