RT Ronnie Stoeferle (@RonStoeferle)At current prices, gold covers just 16% of the Fed's balance sheet. That's the same level as 1971, right before the dollar was cut loose from gold.History shows the market demands at least one-thirdbacking in normal times. And these are clearly not normal times.... https://t.co/m1pBaF68Uq ...

JUST IN: 🇺🇸 President Trump says crypto "takes a lot of pressure off the dollar." ...

JUST IN: 🇺🇸 President Trump says crypto "takes a lot of pressure off the dollar." https://t.co/sdGoQPzMJe ...

BREAKING: 🇺🇸 Trump just praised crypto and said that it takes pressure off the dollar.Some Hopeium for the markets 🚀 https://t.co/qYkJe3804E ...

JUST IN: 🇺🇸 President Trump says crypto "takes a lot of pressure off the dollar. It does a lot of good things.""We're making the US the #Bitcoin superpower, the crypto capital of the world". https://t.co/31xK1qCnys ...

JUST IN: 🇺🇸 President Trump says Bitcoin and crypto "take pressure off the dollar" ...

Mark, you're not worried. Longer term, I should say medium term, maybe. I'm not worried.Look, I want to emphasize the core view here is that we are in an air bubble, specifically in our CapEx bubble. And at some point, it's going to burst. It's going to burst naturally.Is this the burst. I strongly don't think so. We've talked about in the last couple of weeks that at some point we're going to get into the more volatile part of the bubble.It's not even clear we're in that yet. Bear in mind, this selloff is ...

$DXYThe dollar is working hard at putting in a big high time frame low here. https://t.co/gq07efqQEr ...

Are stablecoins expanding the dollar’s reach?https://t.co/TciQ9YRIlv ...

RT Nick Szabo (@NickSzabo4)Because we had gold in there in 1953? Had it all gone overseas by 1971? Under Bretton Woods certain foreign governments could redeem dollars for gold at a fixed price. The dollar supply grew much faster than the gold supply, and France took advantage of this by redeeming dollars for gold. By 1971 this forced Nixon to go full fiat.Also, AFAIK there's always been more gold stored at the NY Fed than at Fort Knox. ...