Macro Mechanics

The Federal Reserve’s Pandora’s Box


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It seems tempting for a Treasury faced with a debt of $36.21 trillion and a budget deficit of $1.8 trillion. However, revaluing the United States’ extensive gold reserves to market value would be like opening Pandora’s Box, with repercussions capable of shaking the foundations of the global financial system.

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Macro MechanicsBy Mike Ross