Posted on 10/28/2015 11:08:49 PM PDT by Rusty0604
Sen. Ted Cruz said Wednesday night he has "deep concerns" about the Federal Reserve and it should be audited.
"I think the Fed should get out of the business of trying to juice our economy, and simply be focused on sound money and monetary stability, ideally tied to gold," he said during the Republican presidential debate.
(Excerpt) Read more at finance.yahoo.com ...
It’s about time someone in Washington did.
gold is a good start.
Maybe add several other metals and things to the mix to even it out because tieing directly to just one metal can be problematic.
If we ever ever mine asteroids tying it to gold could be bad bad bad....
But, the FIAT crap system we have now creates an environment where inflation is a “stealth tax” on the poor.
And the Fed has become a drug dealer to the junkies in D.C. giving them an occasional zero interest fix with their QE-smack.
Yes, I did! That was a great moment...and needed to be stated.
Ping
Also, did you catch the CNBC interview between Trump and Harwood (whatever his name is) after the debate? Trump was talking about trade deals that would include language addressing currency manipulation between parties. Now that is an interesting negotiating point. I would think the opposing country would counter with Fed interest rate language. Trump also brought up the piss poor budget deal. (GRRRRRRRR!!!!)
well put.
Yes it did.
Yes, a lot of people don’t understand the impact currency exchange has. Those are the issues I would have hoped would have been discussed tonight.
But he had to abandon that logic in favor of the international bankers....do your own DD
bump
I’ve always thought we should tie our currency to our ample supplies of plutonium contained in the many nuclear warheads mounted on our ICBM’s and SLBM’s and in the bombs carried by our strategic bombers.
Now THERE is a monetary standard you can trust! :)
Yeah right! All of you silly folks think that the government will give up their right to determine the value of the dollar? Dream on!
Let’s see, the last few years (most especially the last 2 years) they have determined the rate of inflation by changing their methods so that it is lower than they want...but they do want some inflation for the future so they control the method so they can control the results as needed. Can’t wait for their massive inflation!
I don’t know about you but my expenses have increased by about 12% or so and it is certainly not reflected in the governments inflation rate. Seems that they have ulterior motives...hmmm.
Now, the Gold Standard is a nice idea but if implemented quickly would cause massive problems. I do like the idea but it does have to be implemented in a very slow method to be feasible.
To all of you gold standard folks, we have become so entrenched with the FED that changing things will be catastrophic if done quickly...so be aware of what you wish for...
If Trump doesn’t come out for the gold standard right away, I will abandon him for Cruz.
Just watch. Hillary! and Bernie will mention this in their speeches over the next few days. They will say it with a big grin, as though it is self-evidently absurd, and their clapping seals will all laugh.
I wouldn’t be surprised if they will argue that the gold standard caused the Great Depression, and that, by taking us off the gold standard, FDR “ended” the depression.
(Actually, rank-and-file Democrats are so profoundly ignorant, they no longer know who FDR was.)
Here’s how it works:
The government announces one year in advance the day on which the dollar will become convertible to gold at a fixed rate.
The market will determine the correct rate.
After the gold price has been fixed, OLD dollars will be exchanged for NEW dollars, restoring the historic gold price of $20/oz.
Recently I read somewhere that all the gold is “leased” so I guess even if we do have it, true ownership and the real value of it as collateral for our national debt is suspect.
Stretch it out to two or three weeks then.
The gold in Ft. Knox is now just a hologram and the public is not allowed to view it.
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