It is tough to determine the next course of action or playbook they follow. In the near future, it appears reckless with little foresight, but looking back 28 years, it seems like a streamlined plan. See, they like to brag, but only in half-truths. It's just enough to sound like they know what they are doing, but not enough to give anyone a headstart or to slip out of the noose. I think Bessent is following the script. That's why I'm starting to strongly lean towards the extended planning of this whole "play". With all that you know, could you have planned it any other way to get to the very junction we are at right now? The sad part is that even those who have attempted to hedge against the worst scenarios will also have broken necks.
I think it’s smart to take that long view. And there are things you could do to protect yourself. Producing as much value as possible to earn more than you spend (no debt) and save the difference in gold.
With the long view in mind, that strategy has worked so far.
Even at current market value, the US doesn’t have nearly enough gold to “peg” the dollar to gold. They could issue @$750bn in gold certificates to the Fed to payback down a small fraction of debt or set up SWF, but nothing more.
Correct. Perhaps that explains the massive, GDP altering inflows of gold into the US this year. More than 2,000T. AND gold will have to be much more expensive relative to the dollar first.
Good explanation. We had better get an audit in a hurry, as no one believes that it is all there, parked in it's little home in Fort Knox. Where I live, no-one is spending at restaurants, no clothes are being purchased unless it is from a resale store, and even Walmart looks bare of anything being purchased unless it is food. I do not blame Trump. He inherited this mess.
Meanwhile… Americans are buying frozen pizzas and sales are through the roof because they can’t afford a $20 pizza and now buy a $7 one at the grocery store and cook it at home…
This makes no sense. The "big beautiful bill" is an increase in the deficit not a reduction plus the estimated deficit for 2025 is US$2.5T with only US$1.3T from the previous Administration. The plan sounds wonderful but there isn't a snowballs chance in hell of it happening. Trump isn't frugal, doesn't like being thrifty, and certainly loves BIG PLANS. In his career - 6 bankruptcies. And now he and his billionaire buddies are downsizing........LOL!
"Well, as far as I’m concerned, not revaluing it—and not auditing it—only strengthens the case that something’s off. That would be a massive red flag—one that lends serious weight to the arguments of those who’ve questioned whether there’s any gold left in Fort Knox at all."
Occam's Razor.
Or, instead of the simple answer, we could believe that those who have been put in charge of US gold reserves have set up a flawless operation, and they've been guarding every last ounce faithfully for decades and decades. And, even though no one has been checking up on them, they've taken their oaths of public service so seriously that they've never even been tempted to put their hands in the cookie jar. Despite overturning fraud, neglect and corruption every place DOGE has looked, and even though each and every one of us knows that our bureaucrats are incompetent at BEST, that's not true of the bureaucrats to whom our gold reserves are entrusted.
I know how I'd bet if a Polymarket existed on this issue.
Well put, Laramie... because if there’s one place in government immune to incompetence, temptation, or creative bookkeeping, it’s obviously the basement of Fort Knox.
Let's throw sand in the gears of the he global system.
Now let's throw in oil to make it al run smooth.
That oily slurry is going to eff up some gear trains all right
The insider trading bezzle continues to hollow out the empire.
And you don't get to play, you victim you.
It is tough to determine the next course of action or playbook they follow. In the near future, it appears reckless with little foresight, but looking back 28 years, it seems like a streamlined plan. See, they like to brag, but only in half-truths. It's just enough to sound like they know what they are doing, but not enough to give anyone a headstart or to slip out of the noose. I think Bessent is following the script. That's why I'm starting to strongly lean towards the extended planning of this whole "play". With all that you know, could you have planned it any other way to get to the very junction we are at right now? The sad part is that even those who have attempted to hedge against the worst scenarios will also have broken necks.
I think it’s smart to take that long view. And there are things you could do to protect yourself. Producing as much value as possible to earn more than you spend (no debt) and save the difference in gold.
With the long view in mind, that strategy has worked so far.
Even at current market value, the US doesn’t have nearly enough gold to “peg” the dollar to gold. They could issue @$750bn in gold certificates to the Fed to payback down a small fraction of debt or set up SWF, but nothing more.
Correct. Perhaps that explains the massive, GDP altering inflows of gold into the US this year. More than 2,000T. AND gold will have to be much more expensive relative to the dollar first.
Not sure I believe the export figures. Very hard to know with many products produced in China and labeled Vietnam, Canada, Mexico…
Never believe anything from a government official until it's officially denied.
Well, Bessent did that exactly.
I suspect your supposition maybe correct about the red flag! That leads to the question as to what comes next?
Good explanation. We had better get an audit in a hurry, as no one believes that it is all there, parked in it's little home in Fort Knox. Where I live, no-one is spending at restaurants, no clothes are being purchased unless it is from a resale store, and even Walmart looks bare of anything being purchased unless it is food. I do not blame Trump. He inherited this mess.
Meanwhile… Americans are buying frozen pizzas and sales are through the roof because they can’t afford a $20 pizza and now buy a $7 one at the grocery store and cook it at home…
This makes no sense. The "big beautiful bill" is an increase in the deficit not a reduction plus the estimated deficit for 2025 is US$2.5T with only US$1.3T from the previous Administration. The plan sounds wonderful but there isn't a snowballs chance in hell of it happening. Trump isn't frugal, doesn't like being thrifty, and certainly loves BIG PLANS. In his career - 6 bankruptcies. And now he and his billionaire buddies are downsizing........LOL!
"Well, as far as I’m concerned, not revaluing it—and not auditing it—only strengthens the case that something’s off. That would be a massive red flag—one that lends serious weight to the arguments of those who’ve questioned whether there’s any gold left in Fort Knox at all."
Occam's Razor.
Or, instead of the simple answer, we could believe that those who have been put in charge of US gold reserves have set up a flawless operation, and they've been guarding every last ounce faithfully for decades and decades. And, even though no one has been checking up on them, they've taken their oaths of public service so seriously that they've never even been tempted to put their hands in the cookie jar. Despite overturning fraud, neglect and corruption every place DOGE has looked, and even though each and every one of us knows that our bureaucrats are incompetent at BEST, that's not true of the bureaucrats to whom our gold reserves are entrusted.
I know how I'd bet if a Polymarket existed on this issue.
Well put, Laramie... because if there’s one place in government immune to incompetence, temptation, or creative bookkeeping, it’s obviously the basement of Fort Knox.
Never believe anything until it is first denied by the government….