The global monetary system is collateralized with the debt instrument known as the $USD. The U.S. wont verify its sovereign bullion holdings with the world. Americans believe they own gold when their portfolio manager takes a position in GLD.
Meanwhile US GDP is measured and defined by the expansion of its credit markets? BAA
I read today how new jobless claims are down .. question is .. how many got part-time, temp jobs for the holiday season? Let's see how those numbers are at the end of January?
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