The TRUTH about the fed pivot. It's NOT what you're being told.

That would only solve the problem if there were a huge international demand for our products like in WWI and WWII. If other countries either didn't have the money or capital to purchase weapons from us, or if we needed all of them ourselves, the problem would be the same, that the government couldn't maintain the debt service.

It's commonly believed that war always equals profit, but the US was in a very unique position in the first half of the 20th century. Technology had globalized the economy enough that we could provide timely exports to Europe, but not to the point where invasion of the mainland US was a viable possibility.

I.e. ships carrying cargo could make the passage in a week or two, but enemy missiles and bombers didn't have nearly enough range to come close to us. The Japanese tried island hopping to Alaska, but it didn't work because the conditions were too extreme that far north.

So we had this endless demand for our output, and the natural resources to make it happen, but were untouchable by the destruction that wrecked the rest of the entire world.

And we got to do that twice, where we incurred no losses, relatively speaking, but got to reap unbelievable benefits. That wasn't the norm before, and in the age of hypersonic missiles our remoteness no longer protects us.

So the idea that a war will save us from our debt is probably very hopeful at best.

That certainly doesn't mean there won't be a war though. The collapse of the dollar supply is what's causing geopolitical turmoil right now, and will ultimately likely lead to all out global war. But also famines, depressions, and revolutions. The dedollarization of the world is going to be the shitstorm of the ages.

Each nation could use their gold reserves to create a gold-backed digital currency for itself. And then OP was saying Bitcoin could be the 'reserve' digital currency that allows transactions nation-to-nation.

I could see that happening.

Ahaha, bro doesn't think the Fed can print money, doesn't think the reserve currency can hyperinflate, Bitcoin is sweet, and gold is old fashioned.

Whoever buys this BS, good luck to you.

The truth is, it's not about America any more. It is now about the economies of THE REST OF THE WORLD, in entirety.

And guess what. They like gold.

Women love gold.

Women love silver.

Women love jewellry. It will NEVER go out of fashion.

And it has a lot more utility than JUST jewellry.What is being lost in the world right now is TRUST. And what does gold remove the need for? Trust. If what you are providing the other person is authentic verifiable gold in their hand, that is good enough. There is no future payment. There is no future "What if this gets devalued" hypothetical.

Will fiat return at some point in the future? Yeah sure, who ever has power, Russia, China etc, will probably see if they can get away with NOT backing their currency with gold, in 15 or 20 years from now.

But the move is towards TANGIBLE goods. Commodities. But oil is absurdly difficult to store (hell, most consider silver difficult to store, now compare an oz of silver to a BARREL of oil) and food will degrade and go bad. Land is absurdly overvalued and easy to tax, and you can't take it with you, so it has limited use as well (although obviously when you find the right piece of land for the right price it is a fantastic investment).