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Dan

(4,255 posts)

12. No Gold,

Reply to Irish_Dem (Reply #3)

Mon Jan 13, 2025, 10:21 AM

Jan 13

Then the nation’s resources used to pay the debt. That is what happen in Latin America when the World Bank lent money and they couldn’t repay after their leaders looted the country funds. That led to civil wars, wars fought in the shadows, etc.. And America funded and supported civil conflict in support of the banks. Plus the thieving leaders ended up in Miami living the good life.
Yes, it could happen here and our orange cult leader does’t care as long as he gets his cut.
And the MAGA crowd and the rest of us would be royally f—d.

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Highlight:

If Trump succeeds in selling gold reserves for crypto, [View all] no_hypocrisy Jan 13 OP

Latin America went into further poverty when their precious metal coins got exchanged for paper currency. GreenWave Jan 13 #1

Crypto... 2naSalit Jan 13 #2

Right on! An unbacked fantasy should not be competing with sovreign currencies anywhere. SO STUPID! dutch777 Jan 13 #4

I don't care if it exists.... Happy Hoosier Jan 13 #6

Once he sells off our gold bullion, the dollar will no longer be the global currency? Irish_Dem Jan 13 #3

No Gold, Dan Jan 13 #12

Didn't we eliminate the gold standard? I think FDR proposed it and Nixon finalized it. LeftInTX Jan 13 #14

I know that China has been squirreling away tons and tons of gold. Irish_Dem Jan 13 #15

Yes, the cross of gold Dan Jan 13 #16

I don't care how you slice it, crypto is nothing but a Ponzi scheme William769 Jan 13 #5

Robbing thr treasury. Giving taxpayer real money for fantasy money. keithbvadu2 Jan 13 #7

Klepto, Gypto, Crypto. oasis Jan 13 #8

You mean if he and his mob steal the gold and replace it with worthless crypto malaise Jan 13 #9

How many GOLDEN Traildogbob Jan 13 #10

Might as well pack up, gold back the dollar not some mined convention Historic NY Jan 13 #11

Sell it to whom? n/t defacto7 Jan 13 #13