Leaderboard

No way you’re new to this, your language and approach is not elementary, it’s very weird! I know it’s not helpful or constructive to say this but I am really struggling, I can’t pitch you at all.

Probably a lack of trust in the honesty of the US enhanced by the unpredictable policies of the Trump administration coupled with a $30 odd trillion debt that's still increasing. without limit as numbers on a computer. The poo will hit the fan when someone asks for their money as I doubt if this money exists as your comment regarding the amount of gold to support a gold standard suggests. As for gold it depends what value you put on it. when Nixon broke the link between the $ US and gold was at $ US 41/oz. in August 1971 now $US 471/oz One advantage of gold is you cannot make any more like paper promises on a computer. Many countries are increasing their gold reserves at the expense of the $ US. You are right about China wanting to replace the $ US with the Yuan with the Petrodollar system starting to breakdown along with a policy of isolation are symptoms of the decline of the US as the number one power and will be accelerated when and if China takes over Taiwan and the US loses control of the Pacific Ocean. Not a situation I relish but the signs are there.