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Ft. Knox Full Of Impure Gold Unfit For International Transactions

Ft. Knox Full Of Impure Gold Unfit For International Transactions Authored by Jp Cortez via The Mises Institute, The bulk of the US gold reserves held in Fort Knox are made up of impure “non-standard” bars that don’t qualify for use in international settlements. In practice, this means that most of America’s massive gold stockpile is illiquid and wouldn’t be readily accepted on the international market should the need arise: “It’s a decrepit relic just like our monetary policy is. With respect to America’s gold stockpile, we hold ourselves to a lower...
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The Digital Euro As Europe's Backdoor Capital Control System
The Digital Euro As Europe's Backdoor Capital Control System Submitted by Thomas Kolbe The digital euro ranks among the most ambitious projects within the political architecture of the European Union. As the Eurosystem and the EU increasingly merge into identical and integrated political spaces, it can no longer be denied that this CBDC project is primarily a geopolitical power play by Brussels. Yet the euro-CBDC — shorthand for “central bank digital currency” — remains stuck in a loop. Originally envisioned years ago as already being in the project phase, the first...
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