Bill H.R. 9157 introduced to Restore Gold Standard to U.S. Dollar as Inflation Soars to Record Highs | |
Anonymous Coward User ID: 54053947 United States 10/13/2022 11:03 AM Report Abusive Post Report Copyright Violation | Re: Bill H.R. 9157 introduced to Restore Gold Standard to U.S. Dollar as Inflation Soars to Record Highs All of our wealth would move to russia and uganda because uganda just found the largest gold mine on earth.more gold than all the gold ever mined. The russians run the mine. It would be the greatest fuckining of america.even greater than the rothschilds fucking. That congressman is a traitor. |
Lago
User ID: 75481731 United States 07/19/2023 10:24 AM Report Abusive Post Report Copyright Violation | Re: Bill H.R. 9157 introduced to Restore Gold Standard to U.S. Dollar as Inflation Soars to Record Highs how much is all the worlds mined gold worth? How many US dollars are in circulation worldwide? The total value of all the world's mined gold is estimated to be around $11.8 trillion. This is based on the current price of gold, which is around $1,800 per ounce. According to the World Gold Council, around 208,874 tonnes of gold has been mined throughout history. According to the Federal Reserve, there are around $19.2 trillion of US dollars in circulation worldwide. This is based on the Fed's international reserve liabilities, which measures the amount of US dollars that are held by foreign central banks and other official institutions. The Fed's international reserve liabilities have increased significantly in recent years, from around $6.3 trillion in 2008 to around $19.2 trillion in 2023. This increase is due to a number of factors, including the Quantitative Easing (QE) programs that the Fed implemented in response to the global financial crisis and the COVID-19 pandemic. It is important to note that the value of gold and the number of US dollars that are in circulation are not directly comparable. Gold is a physical asset, while US dollars are fiat currency. Fiat currency is not backed by any physical asset, and its value is determined by supply and demand. The value of gold has increased significantly in recent years. In 2008, the price of gold was around $800 per ounce. As of March 2023, the price of gold is around $1,800 per ounce. This increase in the price of gold is due to a number of factors, including the global financial crisis, the COVID-19 pandemic, and inflation. The number of US dollars that are in circulation has also increased significantly in recent years. In 2008, the Fed's international reserve liabilities were around $6.3 trillion. As of March 2023, the Fed's international reserve liabilities are around $19.2 trillion. This increase in the number of US dollars is due to a number of factors, including the Quantitative Easing (QE) programs that the Fed implemented in response to the global financial crisis and the COVID-19 pandemic. The increase in the value of gold and the number of US dollars that are in circulation have raised concerns about inflation. Inflation is a decrease in the purchasing power of money. When the value of money decreases, it means that people can buy less with their money. Lago |
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Agent 99
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Anonymous Coward User ID: 74109783 United States 07/27/2023 12:12 PM Report Abusive Post Report Copyright Violation | Re: Bill H.R. 9157 introduced to Restore Gold Standard to U.S. Dollar as Inflation Soars to Record Highs All of our wealth would move to russia and uganda because uganda just found the largest gold mine on earth.more gold than all the gold ever mined. Quoting: Anonymous Coward 54053947 The russians run the mine. It would be the greatest fuckining of america.even greater than the rothschilds fucking. That congressman is a traitor. then silver, but something tangible. |
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Agent 99
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Anonymous Coward User ID: 83040569 United States 07/27/2023 11:27 PM Report Abusive Post Report Copyright Violation | Re: Bill H.R. 9157 introduced to Restore Gold Standard to U.S. Dollar as Inflation Soars to Record Highs The U.S. dollar is not a federal reserve Note. Obviously this show boating is not going anywhere and designed to keep the j federal reserve bank in charge of charging usury for that which government is supposed to make in coins which it already does. We don't need a federal reserve we need the federal reserve act repealed. Either this politician is an incompetent boob or intentionally deceiving people. |