Author Topic: Trump Returning The US to the Gold Standard?  (Read 1058 times)

Offline midcan5

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Re: Trump Returning The US to the Gold Standard?
« Reply #15 on: July 11, 2019, 10:24:41 AM »
I admit I am not an expert in the gold standard but my readings of history while it was in use was one of boom and bust.

https://www.moneyandbanking.com/commentary/2016/12/14/why-a-gold-standard-is-a-very-bad-idea


52) In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. — Alan Greenspan

53) A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself. — Ben Bernanke

https://goldsilver.com/blog/101-best-gold-quotes-all-time/

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Offline Solar

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Re: Trump Returning The US to the Gold Standard?
« Reply #16 on: July 11, 2019, 10:38:42 AM »
I admit I am not an expert in the gold standard but my readings of history while it was in use was one of boom and bust.

https://www.moneyandbanking.com/commentary/2016/12/14/why-a-gold-standard-is-a-very-bad-idea


52) In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. — Alan Greenspan

53) A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself. — Ben Bernanke

https://goldsilver.com/blog/101-best-gold-quotes-all-time/
Going off the gold standard allowed the govt to borrow infinetly, allowing for our out of control deficit.
#WWG1WGA

Offline supsalemgr

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Re: Trump Returning The US to the Gold Standard?
« Reply #17 on: July 11, 2019, 12:47:26 PM »
Going off the gold standard allowed the govt to borrow infinetly, allowing for our out of control deficit.

Bingo! It removed the one obstruction to government making rules to govern itself.
"If you can't run with the big dawgs, stay on the porch!"

Offline Solar

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Re: Trump Returning The US to the Gold Standard?
« Reply #18 on: July 11, 2019, 01:23:23 PM »
Bingo! It removed the one obstruction to government making rules to govern itself.
BINGO!!
#WWG1WGA

Offline topside

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Re: Trump Returning The US to the Gold Standard?
« Reply #19 on: July 11, 2019, 06:15:12 PM »
BINGO!!

I would love to see the US return to the gold standard. But I think the deficit is too far gone. I doubt if there is enough gold in the world to cover our debt. Trump's logic was that a healthy economy would dwarf the size of the deficit. I have to believe that the booming economy does increase the value that the US holds. But how does that value in the economy translate into reducing the deficit? The actual dollars of deficit never seems to decrease. Pubs spend and Dims spend more. I'm not expert here - but that's what I perceive.

Offline Solar

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Re: Trump Returning The US to the Gold Standard?
« Reply #20 on: July 11, 2019, 06:26:35 PM »
I would love to see the US return to the gold standard. But I think the deficit is too far gone. I doubt if there is enough gold in the world to cover our debt. Trump's logic was that a healthy economy would dwarf the size of the deficit. I have to believe that the booming economy does increase the value that the US holds. But how does that value in the economy translate into reducing the deficit? The actual dollars of deficit never seems to decrease. Pubs spend and Dims spend more. I'm not expert here - but that's what I perceive.
Trump's lead. He is taking back the country and the world will follow. A wonderful side effect of this will be Trump supporters electing Conservatives to the GOP, in turn, demanding taxes being cut along with spending. That is an end result of forcing RINO out of office. Believe me, the GOP Establishment knows what is happening and there really isn't a damn thing they can do to stop it.
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Offline supsalemgr

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Re: Trump Returning The US to the Gold Standard?
« Reply #21 on: July 12, 2019, 04:19:10 AM »
I would love to see the US return to the gold standard. But I think the deficit is too far gone. I doubt if there is enough gold in the world to cover our debt. Trump's logic was that a healthy economy would dwarf the size of the deficit. I have to believe that the booming economy does increase the value that the US holds. But how does that value in the economy translate into reducing the deficit? The actual dollars of deficit never seems to decrease. Pubs spend and Dims spend more. I'm not expert here - but that's what I perceive.

One thing would happen. The value of gold would skyrocket. Think what that would do for the gold at Fort Knox, if we still have some there.
"If you can't run with the big dawgs, stay on the porch!"

Offline Solar

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Re: Trump Returning The US to the Gold Standard?
« Reply #22 on: July 12, 2019, 06:49:04 AM »
One thing would happen. The value of gold would skyrocket. Think what that would do for the gold at Fort Knox, if we still have some there.
Bingo! Right along with everyone else holding gold.
#WWG1WGA

 

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