Going off the Gold Standard

@mott-the-hoople said
The US dollar doesnt have a set value...it depends on where you are trying to spend it.

Our economy in part determines the value here.

@eladar said
I thought the US Treasury printed money.

Yep, just looked it up.

The Fed sets interest rates and tells banks how much money that must be held in reserve.

@Mott-The-Hoople

The Fed is a quasi government institution. The head of the Fed is appointed by the President.

@eladar said
Interest rates, China devaluing its money, and a bunch of other stuff makes the dollar stronger or weaker, but there is no getting around the fact we are using rmthe Federal government's funny money to buy and sell stuff.

It is all in an attempt to allow the ruling class to manipulate the economy.

@eladar said
I thought the US Treasury printed money.

Yep, just looked it up.

The Fed sets interest rates and tells banks how much money that must be held in reserve.

@eladar said
@Mott-The-Hoople

The Fed is a quasi government institution. The head of the Fed is appointed by the President.

@mott-the-hoople said
this may be too complicated for you to understand...

https://www.thebalance.com/is-the-federal-reserve-printing-money-3305842

I think the USA needs to go back to silver and gold to maintain its power.
The way things are going isn't good.
You can't keep printing money and building a huge debt and maintain power as the world currency.
Eventually other countries will refuse to be paid in American dollars and go with another currency or better yet...

Silver and gold!

@silver said
I don't think you quite understand how it all works.
Of course the US Treasury does the actual printing...
Who tells them to?
The federal reserve bank.

I've read your posts about the gold standard and your enemy is the federal reserve bank. You just don't know it yet.

@silver said
I think the USA needs to go back to silver and gold to maintain its power.
The way things are going isn't good.
You can't keep printing money and building a huge debt and maintain power as the world currency.
Eventually other countries will refuse to be paid in American dollars and go with another currency or better yet...

Silver and gold!

I agree that paper money is a joke.
So is digital money.

In our lifetime you and I will see gold/silver return as proper money.

@whodey said
First they need to start mining asteroids in space till then find a bountiful supply.......

@eladar said
Oh I know the Fed and the Treasury work hand in hand. Paper money is nothing compared to the nu.bers in computers, which the reserve requirement taps into.

@mott-the-hoople said
https://anonhq.com/the-speech-and-the-executive-order-that-got-us-president-john-f-kennedy-killed/

@eladar said
@KazetNagorra

So the fact that our money is created by the government does not matter.

So if there is no difference how do governments get money? Do they produce it themselves?