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Title: "It's Not Some Barbarous Relic" - Trump Adviser Urges Return To Gold Standard
Source:
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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: 1813
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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#4. To: Horse (#0)
Help me out here -- America's glory days were all on the gold standard, weren't they? The Federal Reserve was the death sentence of the g.s., and it appears to be finally killing the economy once and for all "as if" planned that way. All the great white countries and then some are coming apart at the seams in the zenith of the funny money/central banking age. What's the answer, bro? (Walking along NYC sidewalks one day I suddenly realized I was passing in front of the tallest building in the world -- but only because it said Empire State Building on the front :-)
#6. To: NeoconsNailed, Rotara, (#4)
(Edited)
Our longest Depression was in the 19th century when the US withdrew Greenbacks from circulation. There is no way out of a Depression except through a Debt Cancellation. The Federal Reserve would give you a $20 gold coin anytime you showed up with a $20 bill until 1933. The Depression started on the gold standard. All Depressions are preceded by the accumulation of mountains of Unpayable Debts. That is through fractional reserve banking which happens even on a gold standard. Returning to the gold standard offers nothing. We need Debt Cancellation. It can only be paid for by arresting Bankers and seizing their assets. The solution is to issue a non-interest bearing currency like Greenbacks and to ban fractional reserve banking. A Gold Standard solves nothing. In fact it would force us to balance both our budget deficit and our trade deficit in 90 days. Simple. Fire 10 million government workers, end Food Stamps, welfare and half of disability. Balance our trade deficit by quadrupling the price of coffee, tea, cars, electronics and everything else we import. And be prepared to let foreigners buy all our food off the shelves because they have gold and we don't. There are rational solutions and a gold standard is just idiotic. The US economy and government would cease to exist because 90 million Americans would have nothing to eat. But, if you want a war on American soil, you can have that. But be prepared to see 150 million Americans die. I am voting for Trump. Hillary would destroy the world.
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