If the gold IS gone, isn’t that what backs the Federal (not Federal) Reserve (NOT a reserve) Bank ( NOT a bank) which would mean that the FRB AND the IRS would instantly be dissolved since those powers are supposedly backed by the gold?
If the gold IS gone, isn’t that what backs the Federal (not Federal) Reserve (NOT a reserve) Bank ( NOT a bank) which would mean that the FRB AND the IRS would instantly be dissolved since those powers are supposedly backed by the gold?
Money is a fiction. Another rabbit hole. Heck, our whole "reality" is a fiction, which many are now awakening to.
Some oligarch of the early 20c (even before we went off the gold standard) is at least rumored to have said something along the lines of: If Americans understood how finance really works there would be a revolution before tomorrow morning. All classes of "lessers" have been played for thousands of years. That might (might) be coming to an end, related closely or consequentially to the Trump administration. Buckle up.
If the gold IS gone, isn’t that what backs the Federal (not Federal) Reserve (NOT a reserve) Bank ( NOT a bank) which would mean that the FRB AND the IRS would instantly be dissolved since those powers are supposedly backed by the gold?
Didn't Nixon remove the link between the dollar and gold?
Yup. Every USD is backed by nothing except the full faith and credit of the US government. Let that sink in. Nothing = we have a fiat currency.
https://www.investopedia.com/terms/f/federal-reserve-note.asp - though I take exception to the last statement in the video.
Money is a fiction. Another rabbit hole. Heck, our whole "reality" is a fiction, which many are now awakening to.
Some oligarch of the early 20c (even before we went off the gold standard) is at least rumored to have said something along the lines of: If Americans understood how finance really works there would be a revolution before tomorrow morning. All classes of "lessers" have been played for thousands of years. That might (might) be coming to an end, related closely or consequentially to the Trump administration. Buckle up.