Do we have the gold? Trump doubted we had it. Maybe Trump knows we have the gold now…. <\/p>\n
How much does the USA supposedly have? The most in the world by far… https:\/\/www.forbes.com\/sites\/ralphbenko\/2017\/02\/25\/president-trump-replace-the-dollar-with-gold-as-the-global-currency-to-make-america-great-again\/amp\/?__twitter_impression=true<\/a><\/p>\n If there were ever a must read this is it from early 2017. Trump seems to be following this playbook, even appointing the pro-gold Standard Judy Shelton, like recommended. <\/p>\n \u201cWe have the gold\u201d. Bringing back the gold standard would not be very hard to do they argue. <\/p>\n From the article: What would be the outcome of Trump\u2019s following his instincts and going for the gold?<\/p>\n Prosperity, that\u2019s what……<\/strong><\/p>\n I want the American Dream back. We all do, very much including President Trump.<\/p>\n How might President Trump go about turning this around? He has a unique opening to forcefully pivot America toward epic prosperity.<\/strong><\/p>\n As Paul-Martin Foss of the Menger Center astutely points out the Federal Reserve Board currently has three vacancies. If Trump were to fill those vacancies with three sophisticated gold standard advocates from the short list of Lewis E. Lehrman (whose eponymous Institute I formerly served), Dr. Judy Shelton (who served as an advisor on his presidential economic transition team)<\/strong>, former presidential candidate Steve Forbes, and John Allison, former CEO of BB&T (preferably as vice chairman for regulation) the president would create a super \u201cbeachhead team\u201d at the Fed to seriously restore equitable prosperity.<\/p>\n These appointments would be the safe and sure first steps out of economic stagnation for America. Couple these with a White House \u201cTeam B\u201d to plan the enactment of the Jack Kemp Gold Standard Act and removal of the regulatory and tax barriers to using gold as currency. Then watch an American economic miracle take place.<\/strong><\/p>\n Mr. President: \u201cNo such thing as a global currency?\u201d The dollar is the global currency. Want prosperity? Heed Chairman Greenspan and do not just view but restore \u201cgold as the primary global currency.\u201d President Trump: replace the dollar with gold as the global currency to make America great again. We have the gold.\u201d<\/strong><\/p>\n From the article: Is It Even Practical?<\/p>\n As with most economic issues, there are pros and cons associated with a return to the gold standard. The benefit, as Williams touched on, is that it would rein in irresponsible spending by the Fed and possibly help the country get out of debt.<\/p>\n The biggest negative is that it would seriously constrain what the Fed can and can’t do. (Many would say this is actually a positive.) While it’s easy to disagree with what the Fed chooses to do at times, the ability to influence the economy through monetary policy is important.<\/p>\n In terms of practicality, moving to a gold standard is certainly possible. Most countries keep the majority of their foreign reserves in gold already, and whatever the U.S. decides to do \u2013 since most currencies are currently backed by the dollar \u2013 would almost certainly be accommodated by other countries.<\/p>\n But practical and probable are two different things.<\/p>\n It would take a lot for the U.S. to move back to a gold standard, and with so many other issues on President Trump’s plate at the moment, it’s hard to imagine that this is the administration’s biggest priority. But if anyone were to do it, it would probably be he.<\/strong>\u201c<\/p>\n","protected":false},"excerpt":{"rendered":" I\u2019m more and more convinced this is going to happen. Trump wants to end the Fed or atleast end most of their influence. He wants to restrain spending. He has publicly said many times he wants a gold standard. This … Continue reading
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\n\u201cTrump\u2019s politically unique intuition that \u2018We used to have a very, very solid country because it was based on a gold standard\u2019 is no trivial matter. It is true……<\/p>\n<\/a>
\nhttps:\/\/www.americanthinker.com<\/a><\/p>\n
\n\u201cSome pundits believe that the gold standard could be America’s ticket to getting out of debt, or, at worst, balancing its federal budget.<\/strong><\/p>\n