Imagine bank notes of all the main countries was pegged to gold. (the 171k tonnes of it). Then the market cap of THE WORLD would be $7trillion.
but look at the DEBT of just america $17.5trillion..
so that makes 2.5 multiples more banking theft by just american banks then all the value of the gold in the world
but look at the DEBT of just america $17.5trillion..
so that makes 2.5 multiples more banking theft by just american banks then all the value of the gold in the world
I am not sure about this. But I think that a large part of that debt is converted in to bonds (U.S. Treasury Securities). And most of those bonds are owned by nations such as China and Japan.
