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johngtoday at 4:35 AM1 replyview on HN

If the value of gold goes up, doesn't this essentially help the US anyway? I believe our gold reservers are twice that of the closest country?

Source: https://tradingeconomics.com/country-list/gold-reserves


Replies

somenameformetoday at 4:43 AM

Too tired to write a novel like I usually would here, but we control the printing and, in large part, the distribution of USD. We don't control anything about gold. Then the USD was king, it entailed tremendous power and control in many ways beyond the obvious like the ability to try to kick people out of the 'global' economy. This is the not-so-secret purpose behind BRICS and dates back to issues starting in 1971.