<<Point #2.) Since the US left the gold standard, the Fed has continued to hoard gold to the tune of 8,000 tons, which along with holding of other CBs, has effectively subsidized the entire gold industry by shrinking its availability. It is the gold industry that is extorting the US government, not the other way around.>>
Then Ron, if we were to follow your argument to it's end conclusion, by holding Yen, the US Federal Reserve & Treasury(& there-by "we the people") are subsidizing all of Japan, the Yaun - the whole of the economy of China(oh, I forgot tit-for-tat with the DNC), some Euro All of Europe. I don't find the world on the Yen standard.
Maybe you're right, sell every bit of every other currency & let the cards fall where they may, and the Fed should hold only our paper, and as we have such a great debt and run a monster trade deficit.....
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