2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 383.12

+0.8%

Nov 26 4:00 PM EST

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To: TobagoJack who wrote (118876)	5/6/2016 8:11:51 PM
From: Elroy Jetson	Read Replies (2) of 218054

I think most US Treasury debt is now owned by the Federal Reserve, a public agency which answers to Congress. So any negotiation repudiating the Federal Debt they own should take no more than 30 minutes to complete. Of course there will be paperwork involved, which takes longer. China repudiating their debt will only affect those in Hong Kong who made the bad choice to invest in it. China was never able to convince people in any other place to buy their Yuan denominated debt. Many claim China will lead the way forward with a new gold-based economy because China holds almost $200 per citizen in gold reserves, while the United States holds only slightly more than $100,000 per American in gold reserves - so China is clearly in the leadership position of not owning gold.

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