4um: "It's Not Some Barbarous Relic" - Trump Adviser Urges Return To Gold Standard

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Title: "It's Not Some Barbarous Relic" - Trump Adviser Urges Return To Gold Standard
Source: [None]
URL Source: http://www.zerohedge.com/news/2016- ... ser-urges-return-gold-standard
Published: Aug 21, 2016
Author: Tyler Durden
Post Date: 2016-08-21 22:26:48 by Horse
Keywords: None
Views: 1000
Comments: 23

You can read the article at the above source about Trump's economic advidor. Dr Judy Shelton. She works for the sound money project and has written several books. Here bio is here. https://www.atlasnetwork.org/about/people/judy-shelton-ph.d
In the ZH article she says she is not opposed to another Bretton Woods conference and a return to some form of a gold standard. This woman is an idiot. She is dangerous. If Trump followed her policies, we would have a global civil war of those who have against those who don't. The Depression would not be over until 3 or 4 billion people died. A gold standard is that bad. I advise people to buy gold and silver to survive. But a gold standard would ruin the nation. We had a gold standard from 1929 to 1933. The worst Depression in histroy started in 1348 on a gold standard.
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Begin Trace Mode for Comment # 18.
#18. To: Horse (#0)
We had a gold standard from 1929 to 1933. The worst Depression in history started in 1348 on a gold standard.

A gold standard (or sound weights and measures) don't cause modern depressions. Rothschild banks do.
The week before The Crash deposits exceeded withdrawals, but banks acting in concert suddenly contracted the money (credit) supply. When divestiture was forced on industries that routinely borrowed capital costs annually, many lost big and few gained unimaginable wealth for pennies on the dollar.
But, when it came time for a scorched Earth policy against Germany there was plenty of money to be loaned *for profit* for the "war effort".
Smedley Butler's book details the numbers of new millionaires and billionaires that were created by both of the 20th century's bankers' wars. And, the same bankers who speak against gold hoard it as no other class has in the history of the world.
It's possible to prevent engineered financial crashes. Would you have us believe that they're Acts Of God and nothing can de done about them? This is the religious belief of those who presume that the Federal Reserve is the only way to control the money supply.

HOUNDDAWG posted on 2016-08-22 14:28:14 ET Reply Untrace Trace Private Reply
Replies to Comment # 18.
#21. To: HOUNDDAWG (#18)
There is not enough gold to function as money. Most money in 1929 was checking account deposits. This is money the Bankers create out of nothing. It accumulates until we have a mountain Unpayable Debts. You have to repeal fractional reserve banking. I prefer a currency like Greenbacks so we can spend money into creation. I would do that so we could pay for new infrastructure without taxation. A gold standard would destroy America as we do not have enough gold to buy from overseas.

Horse posted on 2016-08-22 14:57:10 ET Reply Untrace Trace Private Reply
#22. To: HOUNDDAWG (#18)
A gold standard (or sound weights and measures) don't cause modern depressions. Rothschild banks do.

I couldn't agree more.
The monopoly given to central banks that allows them to create money (so-called) out of thin air and lend it at interest is a ludicrous concept that is tantamount to a monopoly on enslavement.
Not only that, a monetary system based upon (fictional money that's actually debt monetized)) commercial credit and currency mandates a legal system based upon commercial laws, not the Constitution or common law.

noone222 posted on 2016-08-22 15:01:18 ET Reply Untrace Trace Private Reply
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