/biz/ - Business & Finance

>>30180656

>>22249638

>>1933, President Franklin D. Roosevelt cut the dollar’s ties with gold, why should they return to it??

This is not true. In 1933, Roosevelt confiscated people's gold in order to _devalue_ the dollar. Gold was only detatched from the dollar in 1971, under Nixon. Why will the U. S. go back to gold? Because the rest of the world will go back to gold. It was money for 5000 years. People only accepted the dollar as the world reserve-currency in the first place because they assumed it was backed by gold. The U. S. did a rug-pull in 1971, and the world has gone along with this state of affairs for a time. But all confidence in the dollar has been completely lost. Everybody can see now that the U. S. is irrevocably caught in a debt-trap, which is why they are dumping treasuries and hoarding gold as fast as they can.

>>22248648

This is a real reply from one of these Chainlink threads when I was telling people to buy gold a couple of weeks ago.

>>21933685
we'll see mass inflation, trust me.
inflation equals money supply and velocity, back in previous bouts of QE the money the fed printed never went into the real economy. but now the US gave massive amounts of stimulus to ordinary people in the form of 1200 checks and 600 dollar in unemployment, all printed money. not only that, unlike before massive amounts of ordinary people are now trading in the stock market using apps like Robin Hood, meaning the fed money they're pumping into the market will trickle down into the real economy. half the people I know irl have made thousands and thousands of dollars in this bull market.

>>21924944
Manufacturing will come back once the dollar loses it's reserve currency status.

13:00-20:30
https://youtu.be/HdfgKCpIdTw

>>21902883

This is a real post which a Bitcoin moonboy made when I tried to talk to him about gold. I am not joking.

>>21898396

This is a real post which a crypto person made when I was arguing with him about gold. I'm not joking.

>>21899250

I bet this is you.