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Entry Submitted by Vee at 11:40 AM ET on July 16, 2022
“4B Exchange Date?” by Chow – 7.15.22
Chow.. you said..
“Barclays Bank is huge , last month confirmed gold backed but their bottom line was off $970 Billion , almost 1 trillion and could not participate globally until balanced.”
My question is, to what or how are they valuing the exchange from whatever-currency to gold ? 970 billion of what, what currency ? Some how – where the value of gold has to be set to a value so currencies then may be a par value. “
Fiat Money Definition – Investopedia
Fiat money is a government-issued currencythat is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.
As far as I know all world-countries currency is fiat.
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Another issue I’m wondering about, is that there arelots of construction projects in my city and a huge one to start..all of these projects are going to have to be recalculated for the cost… and bidding. Imagine that paperwork ?
I wish we had a fly on the wall in Judy Shelton’s office to get the insider info.
Vee
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