@LJC_Capital The Japanese gov will subsidise $500 mil via a funding vehicle. Rakuten will pony up $500 Mil and use that to purchase the satellites from ASTS. All under the aegis of the local Rakuten-ASTS JV incorporated in Japan. Remember that Rakuten sold ASTS stock to free up capital?
@L82523Luis@BankerWeimar And not to mention that absolute carnage in fiat linked tsy and corporate bonds that such a gold linked move would unleash. Would thrash the $ and be catastrophic globally but more so for the 🇺🇸 as largest issuer of USD bonds. Will the tsy sec or prez risk something like that?
@L82523Luis@BankerWeimar No problemo. But since you’re a google fan, try searching “how plausible is it for the US treasury to issue gold bonds on 4 July”. Play around in AI mode with that query and enjoy the rabbit hole it takes you down into. 😏
@KingKong9888 same Q I asked @mbaeconomics1 - how does the tsy sec have the power to unilaterally do this? Where is Congress' authority Restructuring of the monetary system on a scale like this - What about carnage in fiat denominated bonds rotating to gold IF this were to even happen ...?
@MBAeconomics1 how can the Tsy sec or even the prez drop such a bombshell without Congress getting involved? It's beyond the remit of the executive branch.
@sidhant So a document issued by the Republic and bearing the order and request of the head of state i.e the president to let the bearer pass unhindered is not a citizenship document but merely a travel document? Woah! Learning something new from bureaucrats everyday
@Vedette777@StephanieStarrC A bill can pass before a hearing. The July 17 hearing (in New York) is not a prerequisite for passage — it's an oversight/field hearing being held by the House Financial Services Committee after the House already passed the bill last year. Get educated instead of being a clod!