Trump Fed pick wants to revive the gold standard. Here's what that means

Comment #16

konane — Wed, 10 Jul 2019 23:34:19 GMT

Thanks Mike. That was an awesome find for him. Hope you're lucky enough to dig up one of those old strongboxes which were buried back in the old wild west.

Comment #15

mikeintexas — Wed, 10 Jul 2019 23:17:15 GMT

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.... [ More ]

Comment #14

konane — Wed, 10 Jul 2019 21:13:18 GMT

Thanks Mike. Many years ago holding gold other than made into jewelry was against the law. We can buy and hold gold now unless the law has changed. This may give some credibility to converting back to the gold standard if or when that happens.

Comment #13

mikeintexas — Wed, 10 Jul 2019 20:55:58 GMT

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... [ More ]

Comment #12

konane — Wed, 10 Jul 2019 20:08:50 GMT

Thanks Mike. From what some of the X-22 Report videos are saying, more countries other than the US may be returning to the gold standard where they will hold their own gold and base their respective currencies on that.

Comment #11

mikeintexas — Wed, 10 Jul 2019 18:38:30 GMT

*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 o... [ More ]

Comment #10

konane — Wed, 10 Jul 2019 17:12:01 GMT

Thanks Mike. Excellent points. Oil is expendable, can be depleted. Gold can't be changed into other substances so remains fixed.

Comment #9

mikeintexas — Wed, 10 Jul 2019 17:03:25 GMT

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.

Comment #8

konane — Wed, 10 Jul 2019 15:46:11 GMT

This link is not intended as any form of advertising for this site but they seem very current. https://www.kitco.com/market

Comment #7

JAP69 — Wed, 10 Jul 2019 14:36:49 GMT

________________________________ Yep, We need something more stable for international transactions than a couple chickens for the value of the dollar.

Comment #6

konane — Wed, 10 Jul 2019 14:26:38 GMT

Thanks JAP. If our money is indexed back to gold controlled by our treasury, I hope it will be more stable with less room to manipulate.

Comment #5

JAP69 — Wed, 10 Jul 2019 14:10:55 GMT

I dig a ditch for someone and receive money instead of a bushel of potatoes and a couple chickens.<br

Comment #4

konane — Wed, 10 Jul 2019 00:51:53 GMT

Thanks Sully. Agree.

Comment #3

sully16 — Wed, 10 Jul 2019 00:36:56 GMT

Big blow to the cabal, hopefully it is handled carefully as there can be a downside if in the wrong hands.

Comment #2

konane — Wed, 10 Jul 2019 00:15:36 GMT

Thanks Eddessa. I remember the 60's were prosperous and stable ... back when we were under the gold standard.

Comment #1

eddessaknight — Wed, 10 Jul 2019 00:02:17 GMT

Thanks konane, it's about time to get the Fed out of manipulating the value of our monies, paper is paper but time honored gold standard is historically respected throughout the world :-)

Original Blog Entry: Trump Fed pick wants to revive the gold standard. Here's what that means

konane — Tue, 09 Jul 2019 21:07:37 GMT

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/