The US might use "spare" $863B to buy bitcoin

TLDR by AI:

The article discusses a potential hidden strategy involving gold and Bitcoin, suggesting that key figures like Federal Reserve Chair Jerome Powell, former President Donald Trump, and Treasury Secretary Scott Bessent are aware of a significant financial maneuver that could impact the U.S. economy.

Key Points

• Gold Revaluation: A recent Federal Reserve paper outlines how countries have historically revalued gold to mask financial instability. The article implies that the U.S. could be considering a similar approach, given that gold is currently valued on the books at $42.22 per ounce, a price set in 1973, while the market price is around $3,400. This discrepancy creates a potential $863 billion gap.

• Bitcoin Ambitions: Trump is reportedly interested in establishing a U.S. sovereign wealth fund funded by Bitcoin, aiming to make the U.S. a "crypto superpower." The article connects this ambition to a congressional bill proposing the use of gold revaluation to finance Bitcoin purchases.

• Economic Implications: The author warns that if the U.S. admits to the devaluation of the dollar and the true value of gold, it could lead to significant market chaos, including rising interest rates and a decrease in purchasing power for the average American.

• Political Dynamics: The article suggests that political leaders are reluctant to admit the truth about the U.S. monetary system, fearing the political fallout. It hints that a crisis might force a reckoning, potentially leading to a revaluation of gold and a shift in monetary policy.

Overall, the piece paints a picture of a financial system on the brink of a significant transformation, driven by hidden truths about gold and the dollar's value, with potential ramifications for Bitcoin and the broader economy.