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Trump Fed pick wants to revive the gold standard. Here's what that means
Published:
Often the alternative media is weeks if not months ahead of what becomes mainstream.
Trump Fed pick wants to revive the gold standard. Here's what that means
https://www.cbsnews.com/news/trumps-fed-pick-judy-shelton-gold-standard-explained/
Comments
I dig a ditch for someone and receive money instead of a bushel of potatoes and a couple chickens.
________________________________
Yep,
We need something more stable for international transactions than a couple chickens for the value of the dollar.
This link is not intended as any form of advertising for this site but they seem very current. https://www.kitco.com/market/
As I've mentioned at least a dozen times in these blogs, I'm probably one of the least-conspiratorial people you'll ever find, but I'm not sure there's any gold left in Fort Knox. It's been decades since the public was allowed to see inside.
*Some* people think oil is being replenished from deep in the earth nearly as fast as we use it up. I'm not one of those abiogenic believers, but I do think there's more than we think; it's just that the easily gotten to hydrocarbons are becoming more and more rare. I predict Vietnam will be a extremely rich country in a decade or two, thanks to the massive amounts in the Mekong River delta (if China doesn't steal it from them), ditto for some S. American countries with the Amazon and other countries around the world with massive rivers.
But yes, our money needs to be backed by something other than the "full faith and credit" of the U.S. govt. I have little faith in the Feds, namely because they've been operating on credit for far too long.
I get annoyed when we Boomers are bashed, but I can understand *some* of the criticism, but sheesh...I was several yrs. away from even being able to vote in 1971 (when the gold standard was done away with) and so were half the rest of us.
And later? Don't blame me, I voted for Ron Paul!
I know we can buy gold, but we can't swap our cash for it w/ the govt., that's what I meant, that's what I thought the gold standard meant.
I knew a guy who bought an old farmhouse and the couple of acres it sat on not far from where I grew up. It was a money pit b/c he was trying to restore it as authentically as he could, but of course wanted to update the plumbing and wiring. He started in on the foundation and started to crawl under the house and was sprayed by a skunk. He managed to get it and her babies out, then started crawling under it again...then heard a rattlesnake.
He got the nest cleared out, but was terribly apprehensive about crawling under it again, but finally worked up the nerve and noticed a small lock box right under the bedroom. He crawled out w/ it, covered in cobwebs...and spiders...and after he was done freaking ot about it, he pried open the box and found two dozen double eagles as they were called then, $20 gold pieces.
He brought the box over to my dad, not sure of what he exactly had and dad told him. I remember looking at those coins and getting a desire to find some gold of my own. After watching those gold shows on TV, I could understand their lust for the stuff.
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