Judy Shelton is Right About the Gold Standard
Gesara.news » News » Judy Shelton is Right About the Gold StandardNews Date: August 9, 2020
Economist Peter Schiff expected that gold will resume its role in the global monetary system, that is, the countries of the world will return to the gold standard, and this is not strange in light of the economic crisis the world is witnessing.
It is simply false to claim that the gold standard was a source of perpetual economic chaos, and that we are better off today without it. All things considered, the gold standard is "superior in some respects and no worse in others." Rather than a "barbarous relic," as John Maynard Keynes famously called it, the gold standard is an instrument for economic harmony and civilized commercial relations.
World Economic Forum hints at global cyber pandemic this summer to facilitate great reset.
Cyber Polygon - 9 July 2021: The international capacity building initiative aimed at raising the global cyber resilience and the expansion of intersectoral cooperation against cyberthreats.
Sources: cyberpolygon.com, www.naturalnews.com, www.dailymail.co.uk
The American founding envisioned a political order in harmony with the design of the Laws of Nature and of Natures God, seeing the rights to life, liberty, and the pursuit of happiness as embodied in and sanctioned by natural law and its traditions.
This Executive Order was issued on 2nd Nov, the day before the election. Looks like Trump enacted NESARA 120 days from there, under the guise of an educational executive order.
QFS has no comparison to anything that has ever been presented to the world before. It is like an antigravity machine compared to a car. There is no real basis to understand this technology.
Now if we discuss about the Quantum Financial System and its interrelation with Blockchain and future banking then we came to know that QFS is dealing in blockchain, shared ledgers and distributed ledger technologies, cryptocurrencies, virtual currencies and digital currencies. QFS is stored and operate on the satellite-based servers based on Quantum Computing. The reason is Quantum Computing is more secure and advance, because of its pattern of processing, the quantum computing uses two or more quantum states together to create another state by firing electrons through semiconductors using configurable pulse of light which results fastest state of speed. That's why Quantum Computers store far more information requiring less energy and deliver more speed than current state computers.
Quantum Financial System is the future of the banks because it provides methods to perform everyday tasks better than a traditional computer. This technology will replace blockchain and cryptography within a period of ten years.
Sources:inteldinarchronicles.blogspot.com, dinartimes.com, dinartube.com
Judy Shelton of Virginia, to be a Member of the Board of Governors of the Federal Reserve System for the remainder of a 14-year term expiring January 31, 2024.
She is author of:
The Coming Soviet Crash: Gorbachev's Desperate Pursuit of Credit in Western Financial Markets.
Money Meltdown: Restoring Order to the Global Currency System.
Judy Shelton interview on gold standard:
"I like the idea of a gold backed currency, it could even be done in a Cryptocurrency sort of way.
A unified money system, so when you talk about the international marketplace, everyone is playing on a level monetary playing field.
I don't see it so much as returning [to the gold standard], more like 'back to the future.' I think that what a gold standard stands for is monetary discipline for its own sake. Money is supposed to be a unit of account, a reliable measure and a dependable store of value. It really shouldn't be subject to who's the chairman of the Federal Reserve.
How can a dozen [...] people meeting eight times a year, decide what the cost of capital should be versus some kind of organically, market supply determined rate? The Fed is not omniscient. They don't know what the right rate should be. How could anyone? [...] If the success of capitalism depends on someone being smart enough to know what the rate should be on everything we're doomed. We might as well resurrect Gosplan.
A linked system could allow currency convertibility by individuals (as under a gold standard) or foreign central banks (as under Bretton Woods). Either way, it could redress inflationary pressures.
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