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.
Angela Merkel stepped down and a messy race to succeed the chancellor after the upcoming election this September.
Dutch government resigns over child benefits scandal.
Estonia prime minister Juri Ratas resigns, Kaja Kallas asked to form the government.
Italy government in crisis as Renzi ministers resign.
Kuwait cabinet members resign amid a dispute with Parliament.
Updates soon. Stay Tuned.
The second executive order today protects Americans from eviction.
The third executive order provides for the continuation of expanded unemployment benefits.
The fourth directive today extends relief to student loan borrowers through the end of the year.
President Trump also signed two important bills for our veterans-expanding eligibility for veterans with blindness and requiring the VA to establish a treatment court program.
The final solution is bound to be with central banks and government treasury departments retaining their control as issuers of money by the only means at their disposal: deploying their gold reserves to back their currencies, not as fiat, but as credible gold substitutes.
The crypto cohort is likely to have an important effect, in that it sparks an early realization in a growing part of the wider population about what government is doing with money. That is likely to speed up the collapse of fiat currencies compared to what would otherwise occur.
The flexibility in the supply of monetary gold and the stability of prices allows the original rate of interest to be both low and stable. It allows entrepreneurs to do business calculations with a high degree of certainty, knowing in terms of goods the value of money. And savers, who provide the monetary capital for future production can be confident of the future capital value of their savings when lending them for business investment purposes.
Sources: kingworldnews.com, www.zerohedge.com
High profile Senator Grassley rarely speaks at a Trump Rally, but he did it!
Chuck Grassley is a former president pro tempore and current president pro tempore emeritus.
The president pro tempore of the United States Senate is the second-highest-ranking official of the United States Senate.
Reports that 6 buses were escorted by police and Secret Service from DC.
Think of place holder, A possible scenario: Removal of current admin by Military will leave Grassley to assume the presidency. He would technically be next in line.
The transition may be happening! Did Trump introduce the interim president of the United States of America?
Actor Jon Voight decried forces of evil in America, urged Americans to watch the Trump Iowa rally.
Sources: en.wikipedia.org, rsbnetwork.com