JUDY SHELTON LEEEESSSGOOOO
America getting its house in order and tying dollars to gold was always the greatest threat to bitcoin. Luckily for us, even that won't work in the long run + it won't even come to pass in the short run.
Though it's nice to read impassioned arguments for it!
The U.S. Treasury has been intervening in currency markets to stabilize the Argentine peso against the dollar. The goal is to support President Javier Milei’s free-market reforms by providing Argentina with a solid monetary foundation. No nation can prosper when concerns over the soundness of its fiscal policies and debt burden undermine confidence in its money.
The U.S. gold stash is still larger than China, India, or Germany's -- provided, of course, it's still safely behind bars in Fort Knox. At market prices, worth some $1.1 trillion; it doesn't eradicate the debt, doesn't make much difference to the deficit, but revaluing it funds the government for a few more months.
The U.S. government’s gold holdings are the largest in the world at 261,498,927 fine troy ounces, or about 8,133.5 metric tons. Even though other nations’ central banks have aggressively bought gold in recent years—with Turkey, India and China topping the list—the U.S. lead in total holdings is solid. According to the World Gold Council, America’s official gold reserves are more than twice those of the next largest, Germany’s.
And then there's the "debasement trade," hashtag poor Larry Lepard
Fearing currency erosion, many investors are making “debasement trades” by shifting from dollars to hard assets. The Trump administration could counteract this dangerous trend by introducing a U.S. Treasury security offering gold convertibility at maturity. It would be a power move that would throw those nations aspiring to attain global reserve-currency status off their game. In particular, it’s vital that the U.S. one-up China.
Couldn't get Archive to work... someone more technically savvy will figure it out