It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Donald Trump has vowed to abolish the Federal Reserve and reinstate the gold standard when he enters the White House in January.
One of Trump’s picks for the Treasury Department Secretary, John Allison, hinted that he will implement the gold standard when the current Federal Reserve Chief, Janet Yellen, retires in 2018.
Conservativedailypost.com reports:
On the campaign trail, Trump often questioned the future of the Federal Reserve’s political independence. In line with these comments, Allison wants to abolish Federal Reserve all together and go back to the gold standard.
In fact, Allison takes that rhetoric one step further. While acting as the head of the Cato Institute, Allison published several thesis indicating that the Federal Reserve was obsolete and needed to be abolished as it restricts power from the people and allows billionaire cronies to run banks globally.
“I would get rid of the Federal Reserve because the volatility in the economy is primarily caused by the Fed,” Allison wrote in 2014 for the Cato Journal.
originally posted by: xuenchen
Trump: I Will Abolish The Federal Reserve
originally posted by: Swills
Authoritarians don't need no Congress but then again, the Congress will be ruled by Republicans so welcome to the insane asylum!
originally posted by: AugustusMasonicus
originally posted by: xuenchen
Trump: I Will Abolish The Federal Reserve
He needs Congress to do that, he cannot eliminate it himself. What is the stance of that body on the topic?
originally posted by: Swills
Never do I because it's nonsense and would crash the economy. I think it's a lame misdirection tactic.
originally posted by: theantediluvian
Yeah this is just low info econoporn (sure, why not!) for people who can repeat a few talking points they picked up from Ron Paul forums.
originally posted by: Isurrender73
a reply to: xuenchen
WTF is gold?
What the hell is the difference between fiat currency and rocks? Let's start a space race so we can find some gold in the cosmos and destroy our economy.
Small minds at work.