patrick.net

Reality says

Good point on physical safety/security. The US has the advantage of having high statistically armed civilians: so that thugs living off robbing people won't live long before running into civilians shooting back at the would-be muggers/home-invaders.

That is why employees are paid in company script. You certainly don't want half of your employees getting killed leaving the pay station, with their bag of gold dust and ingots.

Tenpoundbass says

That is why employees are paid in company script. You certainly don't want half of your employees getting killed leaving the pay station, with their bag of gold dust and ingots.

I don't think employees are paid in company script (company script would be a bearer instrument therefore just as enticing to robbers as cash) but usually checks drawn on whatever bank the company banks with (i.e. a check instrument with specific recipient name), mainly as a way of avoiding clerical errors. In any case, check-cashing (helping employees to turn pay checks into bearer instrument, usually cash) is a thriving business despite those check-cashing stores usually being located in neighborhoods that have high crime rate to begin with. The casualty rate at check-cashing stores are fairly low (understatement of the year; nearly non-existent), in fact lower than the average of the specific neighborhoods where they are located. At current price, $100 bills weigh less than the equivalent value gold (i.e. 20 Franklins weigh less than 1 troy ounce), so it is actually easier to grab-and-run $1M cash in $100 bills (22lbs) than grabbing-and-running with $1M worth of gold (about 34 lbs). I don't know, do you think the nicer neighborhoods where the former SVB customers showed up in their Porsches to run on the bank had more shootings at bank counters where checks get cashed?

We're not actually giving China Gold are we? What are we giving other countries when they call our loans?

Tenpoundbass says

What are we giving other countries when they call our loans?

A flyover by high level bombers?

Tenpoundbass says

We're not actually giving China Gold are we? What are we giving other countries when they call our loans?

The loans were made in fiat dollars; why would there be any need to pay back in gold? OTOH, under sound money system, those treasonous acts of shipping American jobs (and more importantly, American manufacturing bases) overseas would have been stopped a long time ago . . . and the huge highly centralized empires like China and Russia would have collapsed a long time ago because their giant bureaucracies wouldn't be able to survive without export trade adding liquidity to their economies that are constantly being sucked dry by the bureaucrats.