From: Jan Panteltje <alien@comet.invalid>
Newsgroups: alt.fan.rush-limbaugh,can.politics,alt.politics.trump,alt.politics.liberalism,alt.politics.democrats,alt.politics.usa.republican
Subject: Re: LOL... Moronic 4 Year Old Thinks We're Still On The "Gold Standard"
Date: Tue, 14 Oct 2025 08:43:28 GMT
Organization: A noiseless patient Spider
>AlleyCat <katt@gmail.com>wrote:
>>
>On Mon, 13 Oct 2025 08:30:06 GMT, Jan Panteltje says...
>
>> >And tell us EXACTLY how the dollar vs. gold drives our economy.
>> >
>> >Hint: it doesn't.
>>
>>
>> Dear cat
>> 'gold' is an essential metal used in for example electronics, from smartphones to computers.
>
>Tell us how many computers the average person buys on a daily basis.
>
>Smartphones?
>
>There's approximately 0.034 grams of gold, which is the estimated amount found
>in a smartphone, and that would be worth around $1.97.
>
>Whoooo!
>
>And that's not counting the amount of gold that's fully recyclable being
>utilized, so even with Computers and smartphones needing gold, it still won't
>effect OUR economy.
>
>So... your over-sensationalized and overstated effect gold has on economies,
>doesn't hold water.
The issue is: without all that electronics stuff like smartphones, electric cars,
microwaves ovens (it is used in those electronics too), GPS!!!! satellites etc etc
you are back just after Columbus.
As to the impact of the gold on the US:
These countries hold US debt, and need to buy more every year it seems as US debt increases:
https://www.visualcapitalist.com/ranked-the-top-20-countries-holding-the-most-u-s-debt/
But WHY should a country buy US debt when they can get much better return on buying gold, or some other currency than inflating dollars?
So .. the solution the US uses is just print more money, dollar bills..
It is a bit like you making your own currency than taking a loans from others at some interest
And to pay the interest you print some more. An easy (and criminal) solution.
Of course it all depends on how much other countries have faith in your currency.
And that faith is fading fast, respect for US is declining,
Bullying other countries with sanctions, for example in the case of China that holds $759B (2024 value) of US debt
will cause those to sell that debt (if they can) and cause them to invest in other things, gold being one of those.
Or simply cause them to move to other currencies, all resulting in the US going belly up financially, because it NEEDS products
from those and other countries for its people and for its industry and its army.
Some US states have resources (oil) some food (agriculture), but without dollars you need barter, or a different guaranteed by all currency.
Drugs?
Wen it all comes down to barter many will die, legal system will break, violence and gangs will rule..
Oh wait.. El Trump as gang head?
He would not last, if people get hungry he makes a good dinner.
OK not all negative... maybe there is some island where you can flee to, oh wait problems too.
Maybe some uninhabited island?
South pole?
Not good for cats... Or maybe those will thrive there :-)
Where will it / you go?