FEB 25, 2017 @ 09:00 AM
President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again
Ralph Benko, CONTRIBUTOR
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As Paul-Martin Foss of the Menger Center astutely points out the Federal Reserve Board currently has three vacancies. If Trump were to fill those vacancies with three sophisticated gold standard advocates from the short list of Lewis E. Lehrman (whose eponymous Institute I formerly served), Dr. Judy Shelton (who served as an advisor on his presidential economic transition team), former presidential candidate Steve Forbes, and John Allison, former CEO of BB&T (preferably as vice chairman for regulation) the president would create a super “beachhead team” at the Fed to seriously restore equitable prosperity.
These appointments would be the safe and sure first steps out of economic stagnation for America. Couple these with a White House “Team B” to plan the enactment of the Jack Kemp Gold Standard Act and removal of the regulatory and tax barriers to using gold as currency. Then watch an American economic miracle take place.
Mr. President: “No such thing as a global currency?” The dollar is the global currency. Want prosperity? Heed Chairman Greenspan and do not just view but restore “gold as the primary global currency.” President Trump: replace the dollar with gold as the global currency to make America great again. We have the gold.
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Politicians are addicted to fiat money — they print as much as they can spend.
The USA will NEVER return to prosperity without fiscal discipline.
And the current 18T+ national debt and the guesstimated 200T+ in unfunded liabilities that our posterity will have to deal with will certainly sink this “Titanic”.
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