Loading ...How to create Jobs? – Hugo
Hugo has been promoting since 2010 balanced trade policy of 1950 to 1971- Balance trade.
It is not political as some may think.
His current post is rewrite of 2010 post.
“From the end of World War II through the 1960s, all well-governed nations in the world sought to maintain a constant balance between their exports and imports. They all wanted to maintain a situation where they exported more than they imported, so that they could accumulate growing Treasury reserves of gold, or in its defect dollars, which, under the terms of the United States (US) promise in the Bretton Woods Agreements of 1944, could be redeemed by any Central Bank that requested gold in exchange for its dollars.”
http://www.321gold.com/editorials/price/price070110.html
This is the precise idea in Mike Maloney’s video clip here at minute marker 3.55.
Thanks Bikoo99
This 10 minute Video by Mike Maloney is the BEST most concise and easy to understand piece of work on this most important topic !
Mike Maloney is fantastic .
I suggest we all share this video with those we care about .
personally I have never been able to explain the situation to anybody without getting it mixed up and seeing eyes glaze over
10 minutes and its all so perfectly Clear.
Thank you Mike Maloney
So this brought up the question last night…..
Many of us are invested in gold stocks and physical. When it comes time to sell stocks for dollars and the dollar continues to go down, we need a way to hedge the declining dollar. And what if the dollar becomes useless, what do we do with the profits from gold stocks?
A lot of my stocks are in Canadian dollars.
Maybe if what Mike is saying, there will be a new currency backed by gold? In a way there is already, sell the gold for dollars and buy stuff.
It’s just that dollars are a moving target.
It kind of looks like gold stock companies become a store of value…..Gold in the ground, owned by our mining companies. And physical.
Thanks Yes he is very good at presenting the complex world of monetary system.
I love Hugo Salinas Price idea of monetizing the US silver eagle coin, something that would be beneficial to the American people. He recently sent this idea in a letter to President Trump saying that it could help make America great again. It could also be a baby step in the direction of creating a path to sound money again.As far as I know he received no response.