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.
With the IMF attempting to pull off a fiscal reckoning minus the US dollar, President Trump may pull off a global reckoning of his own, by issuing US Treasury Notes backed by gold.
John Pierpont Morgan: Money is gold, and nothing else.
The peak gold production is already here. There are no new goldfields of any significance waiting to be discovered.
As confidence in the dollar erodes due to Fed money printing and congressional super-deficits, investors gradually look for alternative stores of wealth, including gold. The time to go for the gold is now.
Sources:www.zerohedge.com, www.silverdoctors.com, www.zerohedge.com
So far, in 2020, central banks have added a net of 181 tons of gold to their reserves. Gold continues to retain its position of being the most reliable store of value and means of exchange in times of extreme uncertainty. This should explain why several central banks plan on continuing to increase their gold reserves in 2020.
Donald Trump issued a secret presidential memorandum to Declassify Anti-aging & Free Energy TechnologiesAccording to a secret space program whistleblower, Corey Goode, President Donald Trump issued a highly classified Memorandum soon after his January 20th inauguration ordering the release of a group of classified patents concerning anti-aging and health, along with free energy technologies.