by Hubert Moolman
13 May 2024
The US dollar banking system is in the midst of a bank run by the measures illustrated below.
Since the 1879 gold standard was established in America, the US dollar could be directly redeemed for gold within the banking system. This continued even after the Federal Reserve was created and until it was ended for citizens in 1933.
In such a system, the measure of actual gold held by the banking system ( the true monetary base) versus the gold certificates (paper dollars but measured as the monetary base) with which gold could be redeemed is a relevant measure of how well the banking system is capitalised.
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Warm regards,
Hubert Moolman
And that, knowing the time, that now it is high time to awake out of sleep: for now is our salvation nearer than when we believed.
