So USA has a gold reserve which is approximately 19% of the world's gold supply. Still USA sucks at managing and paying back their debt.
But somehow now by trying to create a bitcoin reserve of 5% during the next 5 years it will solve all their problems..?!
I don't buy it...
They need to completely restructure their economy system and with the help of Bitcoin maybe they can get to a Standard that will be attainable for future generations.
#bitcoin #gold
Politicians are incapable of spending money responsibly that’s why the federal government has to be as small as possible.
USA has no gold. All the gold they stole from the people are no longer theirs. FED owns most of the american gold, rest of it has transferred overseas.
US gold is 8000/210000=3.8%
Hmm curious, why did RFK say 19% during his speech..?
Maybe 19% of total central bank held gold?