Specie, I am not familiar with BelangP and his Youtube channel. There are so many assets and debts in play right now it is insane. Assets being re-categorized from M-0, M-1, M-2, M-3 & M-4. Thanks for pointing me in the direction of some more research. I'll look into it.
Hi Anthony, i'm not sure if you are aware of BelangP. His youtube channel has been addressing the federal reserve, federal reserve notes, cash in circulation, treasury bonds and gold.
As I understand it, if the U.S. does away with Federal Reserve all of the treasury securities the Fed holds are netted out and all that is left are actual currency in circulation covered by all the U.S. treasury gold.
RIght now that would result in paper money being devalued by 75%. And by my estimation, the country would be in pretty good shape.
Specie, I am not familiar with BelangP and his Youtube channel. There are so many assets and debts in play right now it is insane. Assets being re-categorized from M-0, M-1, M-2, M-3 & M-4. Thanks for pointing me in the direction of some more research. I'll look into it.
Anthony
Hi Anthony, i'm not sure if you are aware of BelangP. His youtube channel has been addressing the federal reserve, federal reserve notes, cash in circulation, treasury bonds and gold.
As I understand it, if the U.S. does away with Federal Reserve all of the treasury securities the Fed holds are netted out and all that is left are actual currency in circulation covered by all the U.S. treasury gold.
RIght now that would result in paper money being devalued by 75%. And by my estimation, the country would be in pretty good shape.
https://www.youtube.com/watch?v=oVSDBUjz7OM&t=313s