Loading ...Gooooooold Standard !!!
https://qz.com/1646318/why-trump-and-judy-shelton-want-the-us-back-on-the-gold-standard/
Thanks for this excellent link Mamare
Very Well balanced and easy to follow explanation on the history rationale and prospects for the Gold Standard.
The history is very interesting
The Rationale is Sound
The Prospects are Zero
all IMHO
Fully check these two also, maybe you can find them interesting:
https://www.youtube.com/watch?v=1OlXpFOK40Y
https://www.youtube.com/watch?v=YZiKk2VgBGM
Good Stuff Mamare
It’s a nice start but the Fed cant even increase rates past 2% without everything crashing and burning.
I think we will have to wait until there is no more choice.
Trump knows finance. He knows bankruptcy. He knows the USA is broke.
He reads Sun Tzu. He’s tactical. He was RECRUITED for these reasons.
He’s been thinking ahead to what will need to be done.
So he’s bringing someone in who has thought much more about this question than he has.
That’s Shelton.
He’s placing a critical piece onto the chessboard, after a year of behind the scenes vetting.
This is a TIP OFF that what you regard as “unthinkable” will in due time become absolutely unavoidable. As at some point, it will be the only option left (to stave off capital flight OUT of dollars) But first, we have to get through THE REPO CRISIS, that has already propelled the Fed into a predicament (de facto QE 4) thanks to blunders across both ponds. (Think NIRP)
We will never go back on the Gold Standard.
“You can’t put the shit back in the donkey” — Tony Soprano
Agree and
LOL X 2
I was just out shoveling donkey Shit
I call them pooplets
🙂
This is ironic, and ludicrous. Trump is the LAST person on earth who would want anything not in his control to limit how much he can spend of money the government doesn’t have. I know he promised this in 2016: “I will eliminate U.S. debt in 8 years” How well do you think he has done to keep that promise? A gold standard would severely limit Trump’s ability to spend what isn’t his to spend. All you have to do is look at his business history to see that he would never agree to limits on spending money he doesn’t have.
Couldn’t agree more, AP.