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19 sats \ 1 reply \ @kilianbuhn 5h \ on: Do Countries Seeking Bailout Have to Pledge or Liquidate their Gold Reserve? econ
The US has the biggest gold reserve and the gold is only valued at 1T (market value, by book value only 11b). US debt is like 38T or something like that. So the gold is <3%
Mind you, all other countries have much much less gold. 🤷🏻‍♀️
It simply is irrelevant. If we're going by "unfair"as you say they should sell their real estate as well.
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0 sats \ 0 replies \ @optimism 1h
If we're going by "unfair"as you say they should sell their real estate as well.
Instead, all you gotta do is sell your souls, including future offsprung ones.
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