A Case for a Gold Standard Democrats Need to Step Up
The US is in the biggest credit/debt bubble($35T debt and in risk to be $40T+) in global history and at the top of a credit cycle(equity market highs) the Orange Cheeto has decided to inflict the world with a tariff war Shades of the market crash in 1929 coupled with the Smoot Hawley tariffs which led the country into a long term depression bailed out by the way by WWII spending not as Keynesian economists argue that it was JM Keynes
Inflation is not going down and consumers are suffering And the dollar is tanking(dropping below 100 for the first time in 4y and moving into low 10y territory) and foreign investors are nervous about the chaotic activity in government and losing confidence in investing in the US as a country This means that foreign as well as domestic investors are slowly moving away from buying bonds(in order to attract investors in bonds the bond yield has to increase to attract investors to buy our bonds since they taking on risk)
This now sets the stage for a classic debt trap The Fed cannot lower interest rates to deal with inflation….its typical tool to lower the inflation rate….and if the interest rates stay or go higher the government cannot afford the interest rate on the debt particularly if investors are reducing their purchase of bonds
Reintroduction of a gold standard will fix this debt trap that the country faces The reason that gold is going up to higher and higher is because the cost of credit/debt is going higher and the purchasing power of the dollar is going down hence inflation staying the same or going up
Democrats need to make the radical change and work toward re-establishing a gold standard that Nixon took the economy off in 1971 creating 50y period of fiat money, quantitative easing, and excessive government spending without scrutiny And they would find bipartisan support if they campaigned on the issue
I those days, treason (as in consorting with the enemy) was punishable by hanging. What do you suppose they would think? His tombstone might read, "Here lies the King of Swing"
Why do they want one now? Uh, because way too many Americans WANT to be told what to do and how to think. It is SO MUCH EASIER to watch Fox News. It is SO MUCH EASIER to blame Others for whatever is wrong with your life.
Some has to do with the abject decline of education. I actually watched an interview with a late teen who though Lincoln was a Founding Father and couldn't tell in what CENTURY either the Revolution or the Civil War happened.
Some has to do with a religion that ignores "God Helps Those Who Help Themselves" and just finds it EASIER to believe what their preachers tell them before returning to their mansions.
A lot has to do with what as been labeled "Amusing Ourselves to Death, " once about TV but now mass entertainment on steroids. People watch "The Apprentice" and think that calling it "realilty" makes it so--just as calling Abrego Garcia a terrorist makes him one.
With the School Voucher movement, these things will only combine and increase.
A Case for a Gold Standard Democrats Need to Step Up
The US is in the biggest credit/debt bubble($35T debt and in risk to be $40T+) in global history and at the top of a credit cycle(equity market highs) the Orange Cheeto has decided to inflict the world with a tariff war Shades of the market crash in 1929 coupled with the Smoot Hawley tariffs which led the country into a long term depression bailed out by the way by WWII spending not as Keynesian economists argue that it was JM Keynes
Inflation is not going down and consumers are suffering And the dollar is tanking(dropping below 100 for the first time in 4y and moving into low 10y territory) and foreign investors are nervous about the chaotic activity in government and losing confidence in investing in the US as a country This means that foreign as well as domestic investors are slowly moving away from buying bonds(in order to attract investors in bonds the bond yield has to increase to attract investors to buy our bonds since they taking on risk)
This now sets the stage for a classic debt trap The Fed cannot lower interest rates to deal with inflation….its typical tool to lower the inflation rate….and if the interest rates stay or go higher the government cannot afford the interest rate on the debt particularly if investors are reducing their purchase of bonds
Reintroduction of a gold standard will fix this debt trap that the country faces The reason that gold is going up to higher and higher is because the cost of credit/debt is going higher and the purchasing power of the dollar is going down hence inflation staying the same or going up
Democrats need to make the radical change and work toward re-establishing a gold standard that Nixon took the economy off in 1971 creating 50y period of fiat money, quantitative easing, and excessive government spending without scrutiny And they would find bipartisan support if they campaigned on the issue
I those days, treason (as in consorting with the enemy) was punishable by hanging. What do you suppose they would think? His tombstone might read, "Here lies the King of Swing"
Why do they want one now? Uh, because way too many Americans WANT to be told what to do and how to think. It is SO MUCH EASIER to watch Fox News. It is SO MUCH EASIER to blame Others for whatever is wrong with your life.
Some has to do with the abject decline of education. I actually watched an interview with a late teen who though Lincoln was a Founding Father and couldn't tell in what CENTURY either the Revolution or the Civil War happened.
Some has to do with a religion that ignores "God Helps Those Who Help Themselves" and just finds it EASIER to believe what their preachers tell them before returning to their mansions.
A lot has to do with what as been labeled "Amusing Ourselves to Death, " once about TV but now mass entertainment on steroids. People watch "The Apprentice" and think that calling it "realilty" makes it so--just as calling Abrego Garcia a terrorist makes him one.
With the School Voucher movement, these things will only combine and increase.
Great work frank.
A King is someone who has a distinguished background, eminent, and from a prominent family or background; Trums is none of the above.