#31 Decoding Base Money: Gold in USA

<p>Check out show sponsor Coinkite: https://coinkite.com/</p> <p>Donations to Porkopolis Economics via BTCPay appreciated: https://donations.porkopolis.io/</p> <p><br></p> <p>This is the thirty-first installment from Porkopolis Economics, covering macro and money, from the creator of the Crypto Voices podcast.</p> <p><br></p> <p>Contents</p> <p>00:00 Intro</p> <p>03:10 Monetary base</p> <p>07:50 Gold on Fed's balance sheet (Market value)</p> <p>16:30 Gold on Fed's balance sheet (Native ounces)</p> <p>24:20 Gold 'reserved' at market price</p> <p>33:36 Gold 'reserved' at statutory price</p> <p>37:13 Central banking, free banking, gold, no gold</p> <p><br></p> <p>Here is our second video covering outside money in the United States, also known as central bank money, or reserve money, or base money, or the monetary base. In this one we are comparing base money (a liability for the Fed), with it's historical gold reserves (an asset for the Fed). How important is the idea of a gold 'reserve?'</p> <p><br></p> <p>https://porkopolis.io</p> <p>https://twitter.com/crypto_voices</p> <p><br></p> <p>Show content is not investment or financial advice in any way.</p>