A Monetary System as Good as Gold
Gesara.news » News » A Monetary System as Good as GoldNews Date: July 16, 2020
The gold standard provides a better anchor for inflation expectations without an obvious cost in terms of lower output or higher unemployment.
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 gold standard of the nineteenth century and is easily explained: within a confined money total such as that of monetary gold, an increase in the quantity of goods and services taking place can only be accommodated by a decline in the general level of prices. Put another way, the purchasing power of sound money, a money whose quantity is not inflated, always rises over time.
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Despite pandemic, Total personal debt and credit card debt are going backwards.
This reminds NESARA first section:
Cancels all credit card, mortgage, and other bank debt due to illegal banking and government activities. Many refer to this as a "jubilee" or complete forgiveness of debt.
Gold, metals rates are going up!
NESARA 10th section:
Creates a new U.S. Treasury rainbow currency backed by gold, silver, and platinum precious metals...
President Donald Trump delivered very brief remarks Tuesday during which he celebrated the Dow Jones Industrial Average trading above 30,000 for the first time in history.
That is a sacred number, Nobody thought they would ever see it. That is the ninth time since the beginning of 2020 and it is the 48th time that we have broken records during the Trump administration, and I just want to congratulate all the people within the administration that worked so hard, and most importantly I want to congratulate the people of our country because there are no people like you.