Reminder.
Uh, I don't want a digital currency. I though Trump supported keeping cash.
That would be good too, the question is do we really have enough gold in our reserves to do that? And what happens when you back a limited reserve like gold with Trillions in already existing fiat? That could actually devalue the dollar and destroy it's purchasing power even more. When we were on the gold standard back in the 1940s to early 1970s we DID NOT have Trillions of governmental debt, a whole globe flushed with endless fiat dollars and money printing.
What would be better is if we had gold-backed notes as well silver backed notes, also notes backed by other industrial reserves like oil, natural gas and coal too. Multi-currency exchanges without centralizing control over those new currencies. Then you could allow the dollar to slowly die as citizens replace it with other methods of exchange, both digital and physical options of exchange.
Well OTHER countries do not consider their US Treasury bond holdings to be "fake" and that's the real problem we have.
What happens when you go to a bank and they say to you "sorry, we are closing down, all your savings are gone, we are bankrupt we have no more money and it was all fake anyway!" ??? That is one hell of a conundrum.
OH FUCK. They are officially starting another world war! Just as I suspected!
I condone this honestly.
They are trying to get the US into a failing world war to blame the economic collapse on, like all bankers eventually do.
…..And who is provoking such a risk?
Maybe, I dunno. Just asking a legit question. China and Russia are really not a threat to us, unless we make them ones by provoking them and escalating our hostility. Just my opinion. Trump's opinion too.