Donald Trump back to the gold standard
Gesara.news » News » Donald Trump back to the gold standardNews Date: July 18, 2020
President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again.
Global cooperation, dealing with other countries, getting along with other countries is good, it's very important. But there is no such thing as a global anthem, a global currency or a global flag. This is the United States of America that I'm representing.
We used to have a very, very solid country because it was based on a gold standard.
Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We'd have a standard on which to base our money.
The gold standard isn't perfect. No system is. But it has many virtues. A strong case can be made that it's the best of all feasible institutional alternatives. Lawrence White, puts it: The gold standard is still the gold standard among monetary systems.
The role of commercial banks in the global economy is changing, with lending to governments and their agencies now more important than lending to goods and services industries. It is a trend which is due to continue.
The new Basel 3 regulations seem set to encourage this trend, despite retail depositors being accorded a stable funding status. Central bank digital currencies are anticipated to augment and perhaps replace non-financial business credit over the next five to ten years.
But the increasing financialisation of commercial banking brings the risk of tying its future firmly to a financial bubble. And with price inflation on the increase, it is only a matter of very little time before that bubble bursts.
Sources: www.cnbc.com, www.goldmoney.com
The Fed is going to buy stocks. I do not know precisely when , but it will happen, and probably soon. It does not want to buy stocks but knows it is too dangerous to rule out. Since financial markets are like teenagers - continually testing boundaries - expect the Fed to keep getting pressed on this issue.
Michael Flynn, Newly Pardoned, Calls for Trump to Temporarily Suspend the Constitution and Impose Martial Law;
WTPC Calls for Trump to Declare Limited Martial Law;
General McInerney talks Insurrection Act.
The Insurrection Act of 1807 allows the president to deploy U.S. troops domestically in extremely rare cases.
Sources: www.lacortenews.com, www.mediaite.com, www.youtube.com