Forbes media billionaires

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5 members have voted

October 12th, 2021 at 4:42:52 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 1032
Posts: 12100
Quote: AZDuffman
Been unofficially reset 3 times since with another coming but the inflation rate ports over.


You got me there. I am thinking of Bretton woods, but I don't know about the other two.
October 13th, 2021 at 3:41:09 AM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 133
Posts: 15604
Quote: Pacomartin
You got me there. I am thinking of Bretton woods, but I don't know about the other two.


Actually Bretton Woods was not a reset for the USA, it was for everyone else.


First reset was when FDR stole private gold at the point of a gun, setting the price at $35.

Second was in 1965 when they took the silver out of coins.

Third was in 1971 when Nixon "temporarily" closed the Gold Window, ending Bretton Woods.

The next reset will happen. Might be just cancelling debt owned by the Fed. Might involve crypto. If it makes SHIB the new dollar I might really be set! But it will happen what with left-wing pols using the word "trillions" and it appears some like AOC do not even understand what a trillion dollars actually is or where it comes from.
The President is a fink.
October 20th, 2021 at 2:01:35 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 1032
Posts: 12100
Quote: AZDuffman
Might be just cancelling debt owned by the Fed. Might involve crypto.


National debt is $28 trillion or $87,208 per person. Cancel??? That is shocking.

The FY2021 order for $100 bills was $248 to $320 billion which is way up from previous years. So we need a lot more paper.

$108B FY2015
$152B FY2016
$152B FY2017
$175B FY2018
$148B FY2019
$133B FY2020
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