General Elon and Vivek to head Department of Goverment Efficiency (DOGE)

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C

CuddleBug

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Nov 18, 2023
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Uncle Tom Doug said:
The USD hasn't been backed by gold since 1971, so I don't think the impact, in that regard, would be all that significant.
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I get that, but a fiat currency is only as strong as the entity backing it, that is going to open a whole can of worms, no? They also need to do gold transfers regularly to exchange the currency, what happens when all the foreign entities holding our currency realize that there is no supply to exchange for it?
 
Uncle Tom Doug

Uncle Tom Doug

Official TMMAC Racist
Jun 24, 2022
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CuddleBug said:
I get that, but a fiat currency is only as strong as the entity backing it, that is going to open a whole can of worms, no? They also need to do gold transfers regularly to exchange the currency, what happens when all the foreign entities holding our currency realize that there is no supply to exchange for it?
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America's strength and the USD aren't tied to our gold reserves.. And it hasn't been in a long time. Our money's value is based on our government's ability to generate revenue and their ability to compel other country's to use the USD. We have the largest economy, by far, and the largest/most powerful military in the world, America will continue prosper, even if Fort Knox is empty. Especially with Pumpkin Spice Jesus running things. Markets might react in the short term, but everything will settle and continue to hum right along. America doesn't house all of it's gold in Fort Knox, it's allegedly about half.
 
C

CuddleBug

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Nov 18, 2023
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Uncle Tom Doug said:
America's strength and the USD aren't tied to our gold reserves.. And it hasn't been in a long time. Our money's value is based on our government's ability to generate revenue and their ability to compel other country's to use the USD. We have the largest economy, by far, and the largest/most powerful military in the world, America will continue prosper, even if Fort Knox is empty. Especially with Pumpkin Spice Jesus running things. Markets might react in the short term, but everything will settle and continue to hum right along. America doesn't house all of it's gold in Fort Knox, it's allegedly about half.
Click to expand...
 
kvr28

kvr28

I am the Greengo
Nov 22, 2015
17,655
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Uncle Tom Doug said:
The USD hasn't been backed by gold since 1971, so I don't think the impact, in that regard, would be all that significant.
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I think it would be, even though it's not gold backed the belief that it is there is comforting to a large amount of people, it would erode even more faith in the US govt.
 
MountainMedic

MountainMedic

Rock Kicker
Sep 28, 2017
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kvr28 said:
I think it would be, even though it's not gold backed the belief that it is there is comforting to a large amount of people, it would erode even more faith in the US govt.
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And it just opens the door to a million questions about where the fuck it is, who is responsible for draining it, and why has the government been lying about it and guarding an empty vault for our entire lifetime?

Just how sold out are we?
 
segfault

segfault

Engorged Member
Aug 13, 2024
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Lengthy jail sentences or executions. Nothing short of that will change anything. Telling us that the entire apparatus is corrupt isn't fucking news. Doing something about it would be.
 
kvr28

kvr28

I am the Greengo
Nov 22, 2015
17,655
25,303
MountainMedic said:
And it just opens the door to a million questions about where the fuck it is, who is responsible for draining it, and why has the government been lying about it and guarding an empty vault for our entire lifetime?

Just how sold out are we?
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yep
 
C

CuddleBug

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Nov 18, 2023
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R

Ramon Maroni

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Aug 13, 2024
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CuddleBug said:
At this point I don't know what I should be more pissed off about. The grifters and thieves are doing what comes naturally if we allow them to do it. I think I'm more disgusted by the dupes in the population that are attacking DOGE and trying to stop this from being uncovered. What a bunch of reprehensible useful idiots.
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Mutant

Mutant

Citizen of the Infernal Empire
Oct 20, 2015
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What's retarded is in our monthly team meetings we have to say what we've accomplished the past month. Nobody bitches and we each list them off. Plus we have bi annual performance reviews.

Fucking pussy federal employees crying about doing what we all have to do!
 
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