2/4_Gold confiscation scenario laid out by Kal Gronvall

[finster37]

then why are they selling gold coins from the mint?

[GovWillKillU]

yeah, good question. and why do gold dealers still accept dollars.

[christo930]

There is a fourth category that is completely forgotten and that is people who still have a job but are earning significantly less money. This would include car salesman, real-estate sales and corporate sales forces that earn most of their salary by commission.

[He101A]

If the Fed confiscates gold, the world will dump the dollar. This will be a clear indication to the world that the dollar is worthless. There will be a worldwide panic for every nation that trades in dollars or holds dollars. They will all rush for the exit to cash out of dollars, and the dollar will not buy anything around the globe. No more imports for the U.S.A..

[MORCOPOLO0817]

If there are no more imports for the U.S. will that not spawn more production in the U.S. Or do the powers that be want to limit that too so that we decline into a third world nation?