>>15977034 lb
and exactly what/where munchkins raided for the first round of stimmy checks but that took 6 months of 'discussions' yet we're throwing out billions to Ukraine and a certain other "country" without so much as a peep or any delay in doing that.
have always believed, and this is not in any way agreeing with it, that there was no way it was gong to be around when I become eligible to get it back-and that is a key point many simply do not get…our money to start with.
Harsh reality of the #'s unfortunately
I think it goes negative in '27 or '28 mebby sooner now
we have that issue too
>Gold held "under earmark" at Federal Reserve Banks for foreign and international accounts is not included in the gold stock of the United States; see table 3.13, line 3. Gold stock is valued at $42.22 per fine troy ounce.
https://www.federalreserve.gov/data/intlsumm/current.htm
you can't buy it for that and it's been valued that way for decades.
They did it that way so that eventually when they were found out they could say "well it was valued at this price so it's not such a big deal that we don't actually have it."
Kinda like actually having the ability to remove the FRB chair but knowing that no one would actually use it.
there is a section in the Federal Reserve Act, Section 10.2, that says the president can remove the Fed Chair for cause, not policy views. It's obscure and does not expressly say what reasons it can be used for.
"…thereafter each member shall hold office for a term of fourteen years from the expiration of the term of his predecessor, unless sooner removed for cause by the President.”
https://www.federalreserve.gov/aboutthefed/section10.htm