re: Interest on the debt is 60% of the Amount taken in by the Treasury in February

quote:

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That ended in 1971.

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If you are referencing the backing of the U$D, you are correct,

But globally, assets continue to follow Exeter’s inverse pyramid, Merhling’s financial hierarchy, and the International Monetary Fund

There is a reason that the world’s Central Banks have been buying gold hand over fist, and it has little to do with the US decision to decouple the Dollar from a gold standard,

“Money is gold, and nothing else.” - J.P. Morgan, testimony before Congress 1912