Monopoly Money and Disney Dollars

Euro is fucked up royally. Who the fuck thinks you can take a system and say “okay we make euros now, you owe us money in euros” and then say “fuck you, go sell some of your own damn bonds”. What would happen if the US went into the gold standard and owed all of it’s creditors gold? I’m sorry, we owe you 13 trillion dollars worth of gold? We only have 8000 fucking tonnes 1 tonne is worth 1000 kilograms. 1 kilogram is worth 1000 grams. Gold is about $55 per gram…

So $55 times 1000. Times 1000 again times 8000. If my crude (or if you prefer “fuzzy”) math is correct that means we have $440 billion of gold about. If we went to a gold standard, gold would have to by my math get about 30 times more expensive than current price if we were to pay all of our debt back and that would mean shipping all the fucking gold in this country away from us. Maybe it would be worth it long term, I don’t really know. But if you think that’s where we are headed, you better get your JakeGint on like a mother fucker, and guard your shit with guns so the government can’t take it and ship it away.

But the point is not about us…. It’s about EUROPE. If we went to the gold standard and owed our old debts in GOLD, we could not pay it without gold going much higher. In order for the gold standard to become a viable option gold has much further to rise.

But if we continued to do business in Bonds and keep everything somewhat the same we would be fucked.