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This is idiot title and answer. This is the reason in this country no light at the end of turnnel.
May 09 17:40 pm
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All Comments by Dragon Master »What If We'd Been on the Gold Standard? [View article]
If Fed/US ensure 1 oz of its gold for 600 USD, the first thing happens is all of US gold in the vault will be gone overnight. The other countries will ask anythings for USD except USD. There is 4-6 trillion worthless USD paper outside floating for real assets.
Deflation? dream on.