Revalue Gold to $30,000 oz for starters. Go Judy.....Your 50 year gold back treasury bond is a good Idea. A lot of countries would use a long term Gold secured bond.
WTF is "we", _pilgrim?_ Joe Brandon abused the reserve status more than anyone, because he arbitrarily confiscated Russian reserves after NATO (US/UK) powers provoked a shooting war in Eastern Europe. BRICS has been around for 20+ years and has changed a lot, though no other single actor or entity has done more harm to the USD than Joe Brandon. Not even Nixon did that much harm ... I would argue, in ending the gold standard or FDR for confiscating and revaluing gold.
Thanks to You Mate, I have realistic expectations for this bullrun. Got into crypto early this year and I have truly learned a lot from you about cycles, crypto and markets as a whole. Now I know that all assets/markets are heavily tied to eachother and global economy has very high impact on Crypto. Thats why I am very cautious about when traditional markets top and how this affects Bitcoin and altcoins. If i havent discovered your channel I would have blindly holding instead of engaging the market........ I have managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin. in the space of a few months... I'm especially grateful to Kerrie Farrell’s, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape....
Many thanks for the video. Everybody needs financial freedom. Let this be a thread for some more simple, reproducible approach from anyone who have build wealth. I have saved up $190k to get started.
My success was largely based off of a single, simple approach (portfolio Management) but remember, investing is a journey, not a sprint - take your time, stay patient, and stay focused on your long-term goals.
At the end of the day, there's no one particular way of bridging that gap. but starting to save early and investing in the financial markets can never go wrong. if I were to start over in 2024 with less than $50k I would still use the portfolio management play-book.
Sophia Irene Powell is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment. >Wishing you all the best !
Sophia Irene Powell is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
Jeremy, big fan, first time watcher and you let the people you interview speak without interruption of their thoughts 3:15 . Good job, I’ll watch anyone you interview from this point forward. This was a spectacular interview/podcast…..keep up the good work, sir!
yes, good take on The Federal (not) Reserve (none) and its "mandates" as they evolved over the years and its enabling of run away inflation and theft of the common citizens buying power ... slowly at first, then *all at once!* The great and boring evil of the private central bank, should not be ignored. It should be reformed, if possible or dissolved by Congress or The Court!
She is principally right, but she hasn’t spoke any details. USA holds the most gold reserves, while the population of USA is merely 1/25 th of the world population. She mentions *moral* . When the transition to new monetary system would be planned, the first question should be how USA has accumulated 8133 tons of gold, and whether that was compatible according to the new monetary moral Standard.
Great theory if the Gold in Fort Knox exists. They haven't allowed an audit for decades and who knows how much has been taken by the Military machine under national security. I'm betting the Gold doesn't exist.
The nice thing about gold is that it is the same price in Boston as it is in Budapest. If all currencies were equal and everyone paid the same for energy, then the world would be a better place.
At this moment, things appear to be odd. Inflation is reducing the value of the US dollar, but it is strengthening in comparison to other currencies and commodities like real estate and gold. People are switching to the dollar because they believe it is safer. I worry that the rising cost of living may cause the value of my retirement savings to decline. We could put our cash anywhere else.
Having a mentor is my personal recommendation. It seems like a good bet if you have limited market knowledge, but I'm not sure where you'll find an experienced one.
If you are in cross roads or need sincere advice on the best moves to take now its best you seek an independent advisor who knows about the financial markets. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one after my retirement pension took a hit in April due to the crash.
I've stuck with the popularly ‘’Stacy Lynn Staples” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
thank you for putting this out, it has rekindled the fire to my goal... was able to spot Stacy after inputting her full name on the web, she seems highly professional with over a decades of experience.
There is only one way to save the US dollar, that is to buy gold, all the gold , period. At any price. Any clear thinker can see this. The price will rise until faith is restored in the dollar, just like in 1980. There is no other honest option.
Article 1 Section 10 of The USA constitution explicitly forbids the States from issuing bills of credit Only Gold and Silver are legal tender in the USA 🥇🥇🥇
Gold continues its major reversal - down 4.5% so far this month. Macro price structure paints a clear H&S pattern on the daily. Nothing goes up forever.
Gold seems to reset every decade or so. We saw a big one in 2000s and then nada. Now a new reset this decade. It is addressing the printing of fiat currencies.
@@philmelb1022 But why Gold?Silver is in relation much more worth. From a logical point they must only establish silver as money parallel to the yuan.They give them a new value and the people hold the silver in the country.
We all know how it can be done and we all know that it's possible but the reality is the precious metal keeps being manipulated by our government and the major central banks of the world which makes me feel like we personally don't have as much gold as we say we did why are we holding back on revaluing gold at its true value
All the People might soon want to have these gold-secured bonds and nobody wants to have "normal" bonds. So hyperinflation will not be prevented from happening.
You can have two separate patterns of gold bullion , one that back the dollar with it's own template design , while the other will fall in the same pattern as it have done for centuries .
50 years supporting the theft of the taxpayer through the overprinting of money is a criminal act. IT'S COUNTERFIT! Depending on the ACTUAL gold reserves in the US, and the desire to clear the $36 Trillion dollar debt, gold would need to be revalued at approximately $130,000 / oz.
Shelton's explanation of the 'flexible' currency goal in the 1913 Act (sometimes derided as the real bills doctrine) is weak tea. A better analogy would be to leaf springs in an automobile suspension. The key was that the Fed had no discretionary powers over seasonal expansion or contraction--it was the clearing credit itself that 'flexed' by being granted for goods enroute to urgent needs and by self liquidating as 90-day bills matured into gold coin.
The Congress should admit their mistake, spending more than American taxes allow and explain to everyone how they will resolve the issue without causing any pain to the American people. The markets primarily benefited from this overspending. Charge those participants for Congresses excesses.
Gold needs to be revalued to all the debts and deficits it has on and off balance sheets which would put it about 82,000 an ounce. That's not so far-fetched when you think about Bitcoin people thinking that Bitcoin is going to go to a million. So in my opinion Trump needs to do the unthinkable find out how much gold we have and actually pull the trigger on that imagine counseling out all the deficits and debt of the United States or even just a big chunk of it and let Elon Musk attack the fiscal on the other end
@feliksplotnikov6408 in the Constitution gold and silver are real money. You use gold to preserve your wealthy use silver to barter or spend for daily use
@philmelb1022 and you know how they're keeping you trapped in the system is when they say they want 2% inflation which is low enough to make you not really feel it and yet if you do the calculations from 1971 when they've taken you off the gold standard 2% a year mathematically means that the the dollar is actually worth zero now have you not realized that you're purchasing power has been diminished
The gold backed Treasuries make sense because authorities could anticipate the need to acquire gold as the paper matures and it avoids the sudden switch to gold standard. It also would provide a gradual market based USD price discovery of gold.
When the Fed was established, every Federal Reserve District was free to set the rates in the 10 Regions--FDR made it so one interest rate fits all. Bad idea.
It would be easier to back the gold bullion to the dollar , that way it will be easy to keep track of them both , do to the fact that one is real money , while the other is fiction . The gold standard will financial activate the banknote as genuinely real , that way no one will have to worry about the bullion getting lost or stolen.. because if your keeping track to one , while there attached , it will keep track to the other as well . Silver is to bulky to deal with You link it with this , that way the dollar is insured it's weight in gold . The Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 per depositor, per FDIC-insured bank, and per ownership
@JeromePowell-t9p their backing fiction with fiction is bad , both of them are fake , both will cost a pretty penny to make , both backed to one another will create an explosive pound cake .
President Richard Nixon’s actions in 1971 to end dollar convertibility to gold and implement wage/price controls were intended to address the international dilemma of a looming gold run and the domestic problem of inflation.
Now that Big T will “Drill Baby Drill!” assuming that occurs on a fairly large scale, couldn’t we back our own dollar with our own oil vs foreign oil? Yes hold back is great but we have far to much debt to that atm but oil & maybe even & US oil combo gold back dollar would work accompanied with putting a decent dent in our current dept over the next 2-4 years?
The whole drill thing is overblown. Obama saw huge oil expansion and this idea there is a bunch of quick oil out there is silly. It takes years and we don’t have a lot of refinery capacity. Price it getting low also for investors
@ again, there is NOT enough gold to back our current debt & not even close to we in FACT do have a LOT of our own oil reserves which would instantly influx real wealth into our county SO until the next century or two passes that some magic technology appears to knock oil out the box, let’s capitalize on it & maybe Ben back our money with a combo of oil & gold like I said. Once our dept is paid then we could back with gold only while still capitalizing on the wealth beneath our feet.
Sounds like prehistoric logic- can’t send little shiny nuggets overseas, can’t carry enough on a plane. I like the the just push a button and it’s there, get with the future!
This lady has some dangerous ideas. Let the gold price float with the market. Don’t change anything from what it is now. Government involvement in the gold market will open up the door to more financial abuse against its citizens. Keep government out of your affairs. We already have an intrusive overbearing government. Just buy your own gold and that will protect your purchasing power. A public that’s educated in how the monetary system works is what’s needed. In this country ignorance will make you a dependent victim. She’s just looking to round up more suckers.
How to get enough gold reserves to return the Gold Reserve Standard? The mountains of government debts arounf the world are not possible and most governments are silently hiding the truths of their true financial capabilities to pay their debts, or even the interests of their debts.... Gold Reserve Standard is possible for those countries which already prepared for the Gold accumulations..... Some people suggest to use crypto as currency reserve, will this just another thing to debate about?
LOOK LADY GET YOUR FACTS RIGHT! GOLD IS NOT CURRENCY, ITS MONEY, THERE IS A BIG DIFFERENCE. THE MAIN ONE BEING A LONG TERM STORE OF VALUE! AGAINST CURRENCY INFLATION!
Deflation is not technology making products cheaper. Deflation is less money in circulation. People need to get it into their heads that price fluctuation is a SYMPTOM of inflation, not inflation itself.
Laughing at the fools who imagine that the king of debt who talked about 600 percent tariffs is going to do anything, well, unless he can get 10 billion or so out of it.
Gold Standard Good ! Government monetary dominance is bad. Accounting by government is also bad. He who makes the formula that calculates purchasing power degradation is all powerful and easily corrupted. Shelton gets C- from me, the Fed gets a Z-
Total US gold reserve is about 8,133 tonnes, if revalue gold to 150,000, then US gold reserve will be worth 43 trillion, after paying off 36 trillion debts, will still have a balance of 7 trillion dollars. That’s perhaps the only way US can ever repay the debtors. Please do it asap before US treasury notes and bonds become toilet papers.
Oddly enough that could be a last resort. Of course if that were to happen we would all have major problems. Ur revolver will be worth 10 grand an bullets will be like silver coins
FRAMING matters! Trump needs to start policy discussions with, "In the spirit of UNITY & in AGREEMENT with (insert big democrat name) I will be asking congress to (insert policy). For example, Trump says: “In the spirit of UNITY & in AGREEMENT with former Democrat President Jimmy Carter, I will be asking Congress to advance a bill requiring voter ID & banning all mail-in ballots for all Federal elections be sent to my desk.... "In the spirit of UNITY & in AGREEMENT with former Democrat President Bill Clinton, I will be asking Congress to advance a bill requiring a BALANCED BUDGET be sent to my desk.... "In the spirit of UNITY & in AGREEMENT with Silicon Valley giants (insert names), I will be asking Congress to advance a bill requiring a complete over-haul of the immigration policies & requirements be sent to my desk.... "In the spirit of UNITY & in AGREEMENT with JFK, I will be completely revamping the CIA & FBI.... "In the spirit of UNITY & in AGREEMENT with Chris Cuomo, I will be asking Congress to start a commission to study vax injuries...." "In the spirit of UNITY & in AGREEMENT with President GErald Ford, I will be bringing American jobs back & asking Congress to advance a bill requiring any off-shoring to go thru a commission that analyzes the effect on national security...
Come on man there's not enough gold in the world for that to be possible haven't you ever seen the video on RUclips where they show you that literally all the gold in the world can be stored in one large building
If gold were repriced by all countries...gold reserves would pay all debts. no other way possible to pay the trillions back. No other way. reprice gold to match debt and gold reserves. All debtors and debt holders pay and get paid. Only way no one takes a haircut
Watch the full interview with Judy Shelton here: ruclips.net/video/lLBkVdOK4_I/видео.html
Always Brilliant information from KITCO Brilliant Guest LIKE. LIKE 👍👍👍👍
Revalue Gold to $30,000 oz for starters. Go Judy.....Your 50 year gold back treasury bond is a good Idea. A lot of countries would use a long term Gold secured bond.
They'll sell it all for Bitcoin. Lol.
To cheap still
@@dialecticalmonist3405 krypto=banksters scam
omg in that case all Indian households will be millionaires overnight because Indian households hold most gold in the world
@@dialecticalmonist3405lol nobody will take that shit for gold because gold is gold, nothing can replace it
She's Back!!!!!!!! Great to see/hear her speaking anytime!!! Thanks for your thoughts Judy!!
It’s a clip from an old interview.
This was absoluting amazing and refreshing to listen to. Thank you.
Constitutional money 💰 silver & gold, written in black & white
We abused our reserve status and proceeded to go to war with the world
Exactly
WTF is "we", _pilgrim?_
Joe Brandon abused the reserve status more than anyone, because he arbitrarily confiscated Russian reserves after NATO (US/UK) powers provoked a shooting war in Eastern Europe.
BRICS has been around for 20+ years and has changed a lot, though no other single actor or entity has done more harm to the USD than Joe Brandon. Not even Nixon did that much harm ... I would argue, in ending the gold standard or FDR for confiscating and revaluing gold.
🎯
By design. See G. E. Griffin interview Norman Dodd on the Tax Exempt Foundations.
Or read "Proofs of a Conspiracy" by John Robison.
You mean a few unelected idiots abused our Reserve status, went to doing there own agenda! Not Americans.
The RBNZ is promoting CBDC "backed by government" as the safest form of money. This collaboration doesn't care about real taxpayers.
It's not safe,it's a tracking system of every single individual transaction reliant on the internet
A currency backed by government No Thanks
Thanks to You Mate, I have realistic expectations for this bullrun. Got into crypto early this year and I have truly learned a lot from you about cycles, crypto and markets as a whole. Now I know that all assets/markets are heavily tied to eachother and global economy has very high impact on Crypto. Thats why I am very cautious about when traditional markets top and how this affects Bitcoin and altcoins. If i havent discovered your channel I would have blindly holding instead of engaging the market........ I have managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin. in the space of a few months... I'm especially grateful to Kerrie Farrell’s, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape....
I appreciate the professionalism and dedication of the team behind Kerrie’s trade signal service..
As a beginner, it's essential for you to have a mentor to keep you accountable.
Kerrie Farrell program is widely available online..
The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways...
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this..
Many thanks for the video. Everybody needs financial freedom. Let this be a thread for some more simple, reproducible approach from anyone who have build wealth. I have saved up $190k to get started.
My success was largely based off of a single, simple approach (portfolio Management) but remember, investing is a journey, not a sprint - take your time, stay patient, and stay focused on your long-term goals.
At the end of the day, there's no one particular way of bridging that gap. but starting to save early and investing in the financial markets can never go wrong. if I were to start over in 2024 with less than $50k I would still use the portfolio management play-book.
think you could suggest any professional/advisors i can get in touch with? i'm in dire need of proper portfolio allocation
Sophia Irene Powell is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
>Wishing you all the best !
Sophia Irene Powell is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
Jeremy, big fan, first time watcher and you let the people you interview speak without interruption of their thoughts 3:15 . Good job, I’ll watch anyone you interview from this point forward. This was a spectacular interview/podcast…..keep up the good work, sir!
sick of it. give me DEFLATION. stop the madness
BRICS: SAY NO MORE
Id love to see it but they're going to make sure these markets stay propped up.
Even though it's an old interview, it's still very good and valid
Yes it's old- if you're a tsetse fly
She is right.
yes, good take on The Federal (not) Reserve (none) and its "mandates" as they evolved over the years and its enabling of run away inflation and theft of the common citizens buying power ... slowly at first, then *all at once!*
The great and boring evil of the private central bank, should not be ignored. It should be reformed, if possible or dissolved by Congress or The Court!
She is principally right, but she hasn’t spoke any details.
USA holds the most gold reserves, while the population of USA is merely 1/25 th of the world population. She mentions *moral* . When the transition to new monetary system would be planned, the first question should be how USA has accumulated 8133 tons of gold, and whether that was compatible according to the new monetary moral Standard.
@Nobody-iy6tm. They say they have that gold, and you believe them?
Great theory if the Gold in Fort Knox exists. They haven't allowed an audit for decades and who knows how much has been taken by the Military machine under national security. I'm betting the Gold doesn't exist.
Yup
China and Russia probably have it all due to the US own arrogance
The nice thing about gold is that it is the same price in Boston as it is in Budapest. If all currencies were equal and everyone paid the same for energy, then the world would be a better place.
At this moment, things appear to be odd. Inflation is reducing the value of the US dollar, but it is strengthening in comparison to other currencies and commodities like real estate and gold. People are switching to the dollar because they believe it is safer. I worry that the rising cost of living may cause the value of my retirement savings to decline. We could put our cash anywhere else.
Having a mentor is my personal recommendation. It seems like a good bet if you have limited market knowledge, but I'm not sure where you'll find an experienced one.
If you are in cross roads or need sincere advice on the best moves to take now its best you seek an independent advisor who knows about the financial markets. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one after my retirement pension took a hit in April due to the crash.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?
I've stuck with the popularly ‘’Stacy Lynn Staples” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
thank you for putting this out, it has rekindled the fire to my goal... was able to spot Stacy after inputting her full name on the web, she seems highly professional with over a decades of experience.
There is only one way to save the US dollar, that is to buy gold, all the gold , period. At any price. Any clear thinker can see this. The price will rise until faith is restored in the dollar, just like in 1980. There is no other honest option.
My thoughts exactly. 👌🏻
we must remove the power to create money out of debt. Of course that would expose the fact USA Corp has been bankrupt since at least 1913.
Gold is old news. Bitcoin all the way.
@@johninNJ your bitcoin disappears in the next power outage .
2% per year of inflation is more than 20% in ten yers.
21.9%
Compounding also😅
This world needs a honest currency system backed up by gold or silver,not one by printing tons of bonds,now reaching 36 trillions.
Trump wants the US to be the crypto capital of the world. He didn't say anything about silver.
GOLD and U.S. Dollar = PERFECT MARRIAGE and COMMON SENSE
It failed already
@@waynerichardson1051 only because the system was abused by excess spending and rising debt
Uh...
Then WHY was there a divorce?
Because "backing" is merely a centralized promise and nothing more.
@@dialecticalmonist3405The divorce happened because we printed tons of paper many and did not have enough gold for it’s support.
@@feliksplotnikov6408 So WTF does "backing" mean if it's suddenly not backed because "we did something".
That doesn't sound like 'backing".
Judy Judy Judy Carey and Donald want you for Federal Reserve Chairperson 👍❤️
The Currency needs to be asset backed. Gold, wheat, iron ore, oil, property.
Some independent former member of USA will issue gold and silver backed currency .
No they won't. They're stupid slow analogue tech.
Not going to happen.
Revalue the gold we own to the debt we owe. The sooner the better.
$2M/oz would pay off all the debt and give every citizen $100,000 assuming the gov has 8800 tons
@@sdrc92126 can you imagine how many people would buy gold pans and invade the mountains!?
Maybe this is why they're hammering down the Gold price
Article 1 Section 10 of The USA constitution explicitly forbids the States from issuing bills of credit Only Gold and Silver are legal tender in the USA 🥇🥇🥇
It's funny because no one thinks of Silver as money only gold.
Judy Shelton is a Trump team, she's a brilliant woman and its all about the Gold baby!!!
Brillant! Congratulations.
Gold continues its major reversal - down 4.5% so far this month. Macro price structure paints a clear H&S pattern on the daily. Nothing goes up forever.
Gold seems to reset every decade or so. We saw a big one in 2000s and then nada. Now a new reset this decade. It is addressing the printing of fiat currencies.
Knee jerk reaction it's stabilized it always comes back stronger look at the gold chart last 25 45 years
Yeah, if you're more interested in a couple of weeks rather than the long term trend, go ahead.
One Question?Why does the BRICS not corner the silver market?It's only 20 Milliarden(german notation).
This will be a total destruction of monetary system worldwide
It knows silver is fools gold
They are buying more physical silver secretly.
@i-xunyen5960 it's not a secret lol but they buy much more gold secretly, plus more as gold goes down. They waiting for bottom.
@@philmelb1022 But why Gold?Silver is in relation much more worth.
From a logical point they must only establish silver as money parallel to the yuan.They give them a new value and the people hold the silver in the country.
We all know how it can be done and we all know that it's possible but the reality is the precious metal keeps being manipulated by our government and the major central banks of the world which makes me feel like we personally don't have as much gold as we say we did why are we holding back on revaluing gold at its true value
Because that would expose the true value of FRN's = 0.00
Brilliant woman
Women should learn from her manners and wisdom
GREAT REPLACEMENT THIS LADY WERE HEARING HERE JUDY SHELTON FOR FED RESERVE...🇺🇲
How about we just go back to constitutional money, problem solved!
TRUMP !!!! BRING JUDY BACK !!!!
Excellent report 👍👍👍👍👍👍
All the People might soon want to have these gold-secured bonds and nobody wants to have "normal" bonds. So hyperinflation will not be prevented from happening.
The “reform” that the Federal Reserve needs is abolishment of its charter.
I have been buying physical gold and silver. That’s real money
Revalued NOTHING is NOTHING. Show us the GOLD - Money!
You can have two separate patterns of gold bullion , one that back the dollar with it's own template design , while the other will fall in the same pattern as it have done for centuries .
In order to be back on gold standard in current condition the ounce would have to cost $27,000. How’s that going to work?
50 years supporting the theft of the taxpayer through the overprinting of money is a criminal act. IT'S COUNTERFIT! Depending on the ACTUAL gold reserves in the US, and the desire to clear the $36 Trillion dollar debt, gold would need to be revalued at approximately $130,000 / oz.
And Great for the world!
Shelton's explanation of the 'flexible' currency goal in the 1913 Act (sometimes derided as the real bills doctrine) is weak tea. A better analogy would be to leaf springs in an automobile suspension. The key was that the Fed had no discretionary powers over seasonal expansion or contraction--it was the clearing credit itself that 'flexed' by being granted for goods enroute to urgent needs and by self liquidating as 90-day bills matured into gold coin.
Abolish the federal reserve abolish the IRS return to d gold standard
Not got to happen. Trump said the US will become the crypto capital of the world.
The Congress should admit their mistake, spending more than American taxes allow and explain to everyone how they will resolve the issue without causing any pain to the American people.
The markets primarily benefited from this overspending. Charge those participants for Congresses excesses.
Gold needs to be revalued to all the debts and deficits it has on and off balance sheets which would put it about 82,000 an ounce. That's not so far-fetched when you think about Bitcoin people thinking that Bitcoin is going to go to a million. So in my opinion Trump needs to do the unthinkable find out how much gold we have and actually pull the trigger on that imagine counseling out all the deficits and debt of the United States or even just a big chunk of it and let Elon Musk attack the fiscal on the other end
How then will you pay $1? It will be a microscopic grain of gold. Not practical.
Good luck with that keep dreaming.
@feliksplotnikov6408 you use silver for that
@feliksplotnikov6408 in the Constitution gold and silver are real money. You use gold to preserve your wealthy use silver to barter or spend for daily use
@philmelb1022 and you know how they're keeping you trapped in the system is when they say they want 2% inflation which is low enough to make you not really feel it and yet if you do the calculations from 1971 when they've taken you off the gold standard 2% a year mathematically means that the the dollar is actually worth zero now have you not realized that you're purchasing power has been diminished
The gold backed Treasuries make sense because authorities could anticipate the need to acquire gold as the paper matures and it avoids the sudden switch to gold standard.
It also would provide a gradual market based USD price discovery of gold.
I love this women "Fed should target 0% inflation"
When the Fed was established, every Federal Reserve District was free to set the rates in the 10 Regions--FDR made it so one interest rate fits all. Bad idea.
Everything FDR did was a bad idea.
great interview !
It would be easier to back the gold bullion to the dollar , that way it will be easy to keep track of them both , do to the fact that one is real money , while the other is fiction .
The gold standard will financial activate the banknote as genuinely real , that way no one will have to worry about the bullion getting lost or stolen.. because if your keeping track to one , while there attached , it will keep track to the other as well .
Silver is to bulky to deal with
You link it with this , that way the dollar is insured it's weight in gold .
The Federal Deposit Insurance Corporation (FDIC) insures deposits up to $250,000 per depositor, per FDIC-insured bank, and per ownership
what age range are you in?
The dollar will be backed with Crypto.
@JeromePowell-t9p their backing fiction with fiction is bad , both of them are fake , both will cost a pretty penny to make , both backed to one another will create an explosive pound cake .
@JeromePowell-t9p truth hurt with make the words of my letters disappear in reverse
Let's go Gold and Bitcoin 🎉
You are half right, let's go GOLD! It is real not another fake Fiat system.
Becareful with crypto u don't want to be stuck on a big downfall.
President Richard Nixon’s actions in 1971 to end dollar convertibility to gold and implement wage/price controls were intended to address the international dilemma of a looming gold run and the domestic problem of inflation.
Alan Greenspan never repudiated his 1966 essay on Gold and Economic Freedom.
Now that Big T will “Drill Baby Drill!” assuming that occurs on a fairly large scale, couldn’t we back our own dollar with our own oil vs foreign oil? Yes hold back is great but we have far to much debt to that atm but oil & maybe even & US oil combo gold back dollar would work accompanied with putting a decent dent in our current dept over the next 2-4 years?
Oil value will go down if we drill that much
The whole drill thing is overblown. Obama saw huge oil expansion and this idea there is a bunch of quick oil out there is silly. It takes years and we don’t have a lot of refinery capacity. Price it getting low also for investors
Oil can be displaced with new tech, like whale blubber oil in 1890s. Gold is always accepted because rare
@ again, there is NOT enough gold to back our current debt & not even close to we in FACT do have a LOT of our own oil reserves which would instantly influx real wealth into our county SO until the next century or two passes that some magic technology appears to knock oil out the box, let’s capitalize on it & maybe Ben back our money with a combo of oil & gold like I said. Once our dept is paid then we could back with gold only while still capitalizing on the wealth beneath our feet.
Her recommendation of "Treasury Trust Bond" is exactly same as Government of India's "Sovereign Gold Bond" scheme.
Gold to back the dollar would have to be $350,000 an Oz to cover the $36 trillion dollar debt
Gold back needed, but will not have the balls to do the right thing and stop printing money :)
Never ever. All gold in the world would at best cover global foreign reserves
Sounds like prehistoric logic- can’t send little shiny nuggets overseas, can’t carry enough on a plane. I like the the just push a button and it’s there, get with the future!
Loan to the government? Trust a debtor that can’t offer one plausible explanation to how they can pay back the debt . Math doesn’t lie .
They don't it's like the matrix don't get hang up on debt it's can be reset.
We have the tech now to back the currency with gold.
The only way for US to avoid a sovereign debt default is to inflate its debt away. Deflation will be completely unthinkable.
How can you achieve zero inflation when every presidency runs a large budget deficit? Money printing will persist as long as there is large deficit.
By using the goal to pay off the debts and deficits will save the system and save the dollar because then you could repeg the dollar to gold.
Let me ONE UP... it's called Equityism. Storing value at specified rates through time bank and barter exchange. You're welcome fam.
You gotta love those fudged CPI / inflation numbers.
NOT!
This lady has some dangerous ideas. Let the gold price float with the market. Don’t change anything from what it is now. Government involvement in the gold market will open up the door to more financial abuse against its citizens. Keep government out of your affairs. We already have an intrusive overbearing government. Just buy your own gold and that will protect your purchasing power. A public that’s educated in how the monetary system works is what’s needed. In this country ignorance will make you a dependent victim. She’s just looking to round up more suckers.
A country's wealth is the currency in circulation. But not the currency we use today.
Surely you understand that something that can be created costlessly on a pure whim is not wealth?
@MurrayLake sometimes you have to go into great detail. Currency is gold and silver.
How to get enough gold reserves to return the Gold Reserve Standard? The mountains of government debts arounf the world are not possible and most governments are silently hiding the truths of their true financial capabilities to pay their debts, or even the interests of their debts.... Gold Reserve Standard is possible for those countries which already prepared for the Gold accumulations..... Some people suggest to use crypto as currency reserve, will this just another thing to debate about?
Nobody will return to Gold standard. It is a myth.
Get Rid of the Federal Reserve 😊
They sure have been inflating. But the debts not going away... so much for inflating the debt away...
Yes!
Judy is a beautiful woman and very intelligent too!
I love this idea. Gold backed green backs
2% per year for 10 years is more that 20% - it's compound interest
The US's richest period was during the deflationary period post civil war to the formation of the Fed under the Gold standard.
LOOK LADY GET YOUR FACTS RIGHT! GOLD IS NOT CURRENCY, ITS MONEY, THERE IS A BIG DIFFERENCE. THE MAIN ONE BEING A LONG TERM STORE OF VALUE! AGAINST CURRENCY INFLATION!
How much gold is in the Grand Canyon?
Is full of it.
#EndTheFed
Fed needs to be dissolved.
只有黃金和白銀投資幣可保護和提升持有人之財富！！！
Good
Deflation is not technology making products cheaper. Deflation is less money in circulation. People need to get it into their heads that price fluctuation is a SYMPTOM of inflation, not inflation itself.
Truth
Sally Fields became an economist? lol
Laughing at the fools who imagine that the king of debt who talked about 600 percent tariffs is going to do anything, well, unless he can get 10 billion or so out of it.
The US doesn't have a good track record in gold standards
Only BTC is verifiable
Gold Standard Good ! Government monetary dominance is bad. Accounting by government is also bad. He who makes the formula that calculates purchasing power degradation is all powerful and easily corrupted. Shelton gets C- from me, the Fed gets a Z-
Lets hope zion oil returns to its original ipo listed price its down to pennys at current.06 cents was 03 cents from $25
Deflation not good either u need some growth and modest wage growth. Deflation is as bad as inflation.
Total US gold reserve is about 8,133 tonnes, if revalue gold to 150,000, then US gold reserve will be worth 43 trillion, after paying off 36 trillion debts, will still have a balance of 7 trillion dollars. That’s perhaps the only way US can ever repay the debtors. Please do it asap before US treasury notes and bonds become toilet papers.
Why not just go ahead and "value" U.S. gold holdings (assuming they exist) at $250,000 per ounce?
Exactly, wiping out our debt.
Oddly enough that could be a last resort. Of course if that were to happen we would all have major problems. Ur revolver will be worth 10 grand an bullets will be like silver coins
Gold backed ok if can be exchanged by bearer on demand without id for physical gold at market rate
FRAMING matters! Trump needs to start policy discussions with, "In the spirit of UNITY & in AGREEMENT with (insert big democrat name) I will be asking congress to (insert policy). For example, Trump says:
“In the spirit of UNITY & in AGREEMENT with former Democrat President Jimmy Carter, I will be asking Congress to advance a bill requiring voter ID & banning all mail-in ballots for all Federal elections be sent to my desk....
"In the spirit of UNITY & in AGREEMENT with former Democrat President Bill Clinton, I will be asking Congress to advance a bill requiring a BALANCED BUDGET be sent to my desk....
"In the spirit of UNITY & in AGREEMENT with Silicon Valley giants (insert names), I will be asking Congress to advance a bill requiring a complete over-haul of the immigration policies & requirements be sent to my desk....
"In the spirit of UNITY & in AGREEMENT with JFK, I will be completely revamping the CIA & FBI....
"In the spirit of UNITY & in AGREEMENT with Chris Cuomo, I will be asking Congress to start a commission to study vax injuries...."
"In the spirit of UNITY & in AGREEMENT with President GErald Ford, I will be bringing American jobs back & asking Congress to advance a bill requiring any off-shoring to go thru a commission that analyzes the effect on national security...
Goldbacks will be the new cash
Absolutely not. Gold failed as a backing.
@@Fearzero You have no idea what you are talking about. GOLD has and always will be KING.
Come on man there's not enough gold in the world for that to be possible haven't you ever seen the video on RUclips where they show you that literally all the gold in the world can be stored in one large building
@@AGotti-lj6on? Where
@@Fearzeroexactly!!
If gold were repriced by all countries...gold reserves would pay all debts. no other way possible to pay the trillions back. No other way. reprice gold to match debt and gold reserves. All debtors and debt holders pay and get paid. Only way no one takes a haircut