Fort Knox resembles Al Capone’s vault with Jerry Rivers standing in front of it.
Geraldo; an idiot, full of sound and fury; signifying nothing.
No, see it’s like these bullion dealers who sell you gold but then graciously agree to store it for you. Just because it’s bought and paid doesn’t mean it’s actually, you know, there. Don’t you know how a pyramid scheme works?
Find a local coin shop.
Be the Gray (Wo)Man.
Yep. That was my customer base.
In the case of believing the govt., we all have as much gold as Fort Knox.
Probably no shortage of Tungsten in Fort Knox, however.
Funny thing about that Fort Knox gold; everyone that talks about auditing it… dies.
JFK for instance…
Talk of Fort Knox brings to mind Reagan’s famous speech “A Time for Choosing” when he said: “We have 15 billion dollars in gold in our treasury. We don’t own an ounce!” This was back in October, 1964.
Nixon took us off the gold standard for just that reason.
I’d venture to say, given who she’s related to, she’s got considerably more physical gold in her depository than Fort Knox.
I find that grifters always go after accumulated capital.
Especially when confidence and faith that the capital is there has some sort of assurance.
The people who are the actual full faith and credit of the nation and the providers of the production of wealth and those who provide the kinetic will eventually stop the scam.
Many of the American people have been scammed in many ways for a long time. Discussion by the people such as happens here and elsewhere leads to individuals making individual decisions and then more seeing and understanding the questions and the situations.
In a world of grifters, honest actions have even greater power.
Those who are the real full faith and credit of our nation will reassert it.
Bullion is a non counterparty means of enabling economies to transact business in our technologically advanced age. Tally sticks did it for about 800 years once.
Grifters have taken the center.
We shall see how civilization reasserts itself.
Brute force is not civilization.
Those who implement that brute force have set the greatness of the civilization. The enabling of honest trade is very important.
The modern version of the tally stick, Bitcoin, threatens the whole scam because it is a _public_ ledger system that requires only a computer and electricity. No bank vault to raid required.
The central banks are terrified of it because its adoption will cripple their respective nations ability to make war, both on other nations and on their own populace, through a host of different scams.
Gold, like any other commodity, has its place in the scheme of things and has the additional advantage of a long tradition behind it. But Bitcoin, being peer-to-peer, doesn’t require anybody’s “full faith” in _any_ third party grifter. There’s never going to be an FDR to make it illegal and confiscate it.
Politically speaking, it’s impossible to convert for the time being, but after the “Great Crash” breaks the system we would be wise to dump the Federal Reserve and go on the Bitcoin standard.
In *theory*, if you were to say “crypto,” and, IF big IF, the algorithms were public knowledge and subject to Independent Verification & Validation (IV&V) as, for example, is open source software or public key encryption, you might be correct.
For example, in *theory*, a crypto currency based on a limited subset of non-Mersenne Prime Numbers could work if the implementation algorithms were known and subject to IV&V. Otherwise the best one can say is “Not Proven” and that the existence of vulnerabilities and back doors, inadvertent or deliberate, is almost a certainty.
At this point, trust in BitCoin, or any other crypto currency, is an act of religious belief, with no proof in reality.
Oh, but they have their own crypto all ready and waiting for you, and theirs carries the full “trust and faith of the US government” as linked downthread:
We are fucked. Unless…
Maybe the funds in IRAs, 401s, retirement accounts, individual accounts, or whatever source, is why “the govt.” wants to switch everything to “Computer Money” With a 50% “service fee” of course. Wholesale robbery is the last step before the whole county finishes flushing down.
I believe Argentina took all their peon…er citizens 401K’s, to spread around justly. Since not everyone had saved for their old age.
At the spot price of $64,653/kg, 8,000,000 kg is worth $517,224,000,000.
The national debt is $31 trillion, more or less.
It occurs to me that disposing of 483,669 kg of that gold would cover the outstanding debt.
Which makes me wonder why they haven’t done it already.
I think you are illustrating the general lack of comprehending what a Trillion is. If your math is correct you have half a Trillion to apply to a 31 Trillion debt, and that answers the question as to WHY it hasn’t been done.
(*snork*) Beat me to it. Paying off the bookie with half what you owe him… just ain’t gonna fly.
Of course, the REAL question oughta be:
“WHO do we owe this gold to?”
So the ChiComs are buying all the gold and dumping all their dollars…
That’s a pretty good clue about things to come.
I counsel default.
See…are a commie killer!
Paging Mr. Goldfinger. Mr. Auric Goldfinger. Your withdrawal is ready.
Slight rounding error there.
For some reason, I thought the US dollar was back by oil…
Oh wait… Brandon sold off the reserve of that too.
What’s more critical than gold and held there at Fort South Fork Texas?
Can’t tell me something evil and nefarious is not involved with this shit;
At the spot price of $64,653/kg, it would only take 480 million kilos of gold to pay off the on budget national debt of 31 billion dollars.
THEN we could finance all those fun projects …
“we finance all those fun projects” now, banking on the 480 million kelos of gold.
Now it ranks right up there with “This Is The Greatest Asministration – Ever!”
X1000 there Butte Bill…
“ national debt of 31 billion dollars.”
See, for those still grounded in some sort of reality, it’s impossible to say, and I know you know what you were saying. 🙂
Since the ‘national debt’ was created by simply adding zeros (backed by nothing) to the balance sheet, gimme an eraser, close your eyes for a minute… done and done. I don’t like complications.
Irrelevant to planned default, aka “strategic walkaway”.
There is more Gold in Rappers Grills than in Fort Knox
I’m sure that the gold in Fort Knox is secure through the presidencies of Clinton, Obama, and Biden. Wherever it went to, it’s secure.
Did I say “in” Fort Knox? I meant “from.”
Just another conspiracy theory right?
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