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The Golden State Katılım Temmuz 2022
791 Takip Edilen682 Takipçiler
Goldenpanda.eth(🤎,🐼)🎋 👑🪙💰 retweetledi
Dyme
Dyme@CryptoParadyme·
Here's hoping he's wrong. He was right about Iran.
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anon
anon@AlenaDaOG·
i think gold will go back to ~$4400 and then have the biggest pump ever $XAU
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Wall Street Mav
Wall Street Mav@WallStreetMav·
Gold has overtaken US Treasuries as the largest component of global central bank reserves for the first time since the mid-1990s. Gold is rapidly replacing the US dollar as the global reserve currency. The US dollar remains dominant in trade and finance. However, gold has become the preferred central bank reserve asset.
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The General
The General@GeneralMCNews·
BREAKING: France has officially removed all of its gold reserves from the Federal Reserve Bank in New York.
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Peter Schiff
Peter Schiff@PeterSchiff·
Stocks, bonds, gold, and Bitcoin are selling off, and oil is rallying as Trump re-escalates the war with Iran, despite the fact that we've already achieved the most glorious and brilliant victory in the history of war. Soon gold will break this trend and rally in tandem with oil.
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Goldenpanda.eth(🤎,🐼)🎋 👑🪙💰
Bring back the standard.
Handre@Handre

The gold standard worked because it made every government deficit a direct assault on the nation's money supply—and markets punished politicians immediately for their fiscal recklessness. Under gold, when Congress spent beyond tax revenues, the Treasury had to borrow real money from real savers. No magical money printing. No Federal Reserve buying government bonds with newly created dollars. Politicians faced the same constraint as every household: you can only spend what someone else saved first. And foreign creditors could demand gold redemption at any time, creating an automatic brake on inflationary spending. The mechanics were beautifully simple. Britain's pound sterling maintained its gold parity for over 200 years because the Bank of England raised interest rates whenever gold flowed out of the country. Higher rates attracted foreign capital and made domestic credit scarce—forcing the government and private borrowers to compete for the same limited pool of savings. Deficit spending meant crowding out private investment, and voters saw the immediate consequences in higher borrowing costs. You can see this discipline in action during the Panic of 1893. Cleveland's administration faced massive gold outflows as investors lost confidence in America's fiscal position. Instead of printing money, Cleveland arranged private gold purchases from J.P. Morgan and European bankers—paying market rates for the privilege. The federal budget had to balance because the alternative was national bankruptcy and gold standard abandonment. Modern economists call this "barbarous" because it prevented their beloved countercyclical spending. Damn right it did. Politicians couldn't promise infinite benefits funded by invisible taxes on savers. Every war, every welfare program, every government expansion required convincing actual people to lend their actual savings.

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