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Trump pick for the Treasury Secretary hinted that he will implement the gold standard

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posted on Dec, 5 2016 @ 07:06 PM
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One of Trump's picks for Treasury Secretary has mentioned implementing a gold standard.

John Allison has bashed the FED in the past saying it is too manipulative and allows global banking to run wild.

Perhaps the Federal Reserve Act itself as well as the current policy setting by the Basel Committee in Switzerland deserves a closer look at how NWO banking is hurting populations around the world.

Trump himself has had some choice words about the FED too.

Trump: I Will Abolish The Federal Reserve

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.






posted on Dec, 5 2016 @ 07:08 PM
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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?



posted on Dec, 5 2016 @ 07:11 PM
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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.


edit on 5-12-2016 by Isurrender73 because: (no reason given)


+11 more 
posted on Dec, 5 2016 @ 07:15 PM
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Better quadruple that security detail President Elect...




posted on Dec, 5 2016 @ 07:19 PM
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I think even if everyone was on board, we have passed the point where going back to a gold standard is at all feasible anymore.

Everything would go belly up.
While that may be a good thing in the long run it would result in chaos for the here and now.



posted on Dec, 5 2016 @ 07:22 PM
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a reply to: xuenchen
As Chancellor of the Exchequer, Winston Churchill went back onto the Gold Standard, because his civil servants told him to.
As a result, he admitted later "Everybody said that I was the worst Chancellor of the Exchequer that ever was. And now I'm inclined to agree with them".



posted on Dec, 5 2016 @ 07:25 PM
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If that's true he won't get the chance.

We all know the Saudi's and Rothschild's won't have that.



posted on Dec, 5 2016 @ 07:39 PM
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a reply to: xuenchen

Isn't that the former George Soros, Goldman Sachs, and Rockefeller guy? Quite a resume and I thought conservatives hated all of them? But oddly that isn't brought up, instead you give us the gold standard?

At best this is a distraction to this mans past careers, at worst it's just plain old BS.



posted on Dec, 5 2016 @ 07:40 PM
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a reply to: AugustusMasonicus

Authoritarians don't need no Congress but then again, the Congress will be ruled by Republicans so welcome to the insane asylum!



posted on Dec, 5 2016 @ 07:45 PM
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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!


I frankly do not see them moving on this issue at all. Whether it is abolishing the Federal Reserve or moving to the gold standard.



posted on Dec, 5 2016 @ 07:49 PM
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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?


Haha, Qaddafi tried implementing his own gold standard and even wanted to trade his oil for gold, look what the world bankers did to him.



posted on Dec, 5 2016 @ 07:49 PM
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a reply to: AugustusMasonicus

Neither do I because it's nonsense and would crash the economy. I think it's a lame misdirection tactic.
edit on 5-12-2016 by Swills because: (no reason given)



posted on Dec, 5 2016 @ 07:50 PM
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a reply to: intrptr

The same bankers this new Treasury Sec. has worked for. Funny eh?
edit on 5-12-2016 by Swills because: (no reason given)



posted on Dec, 5 2016 @ 07:51 PM
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a reply to: AugustusMasonicus

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.



posted on Dec, 5 2016 @ 07:53 PM
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originally posted by: intrptr
Haha, Qaddafi tried implementing his own gold standard and even wanted to trade his oil for gold, look what the world bankers did to him.


Kaddafi could do that, Trump cannot.



posted on Dec, 5 2016 @ 07:53 PM
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a reply to: xuenchen

The Gold Standard would solidify our dollar for the long term.

This is a GREAT idea that needs to happen.



posted on Dec, 5 2016 @ 07:53 PM
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originally posted by: Swills
Never do I because it's nonsense and would crash the economy. I think it's a lame misdirection tactic.


The gold standard piece I kind of agree with but only if the dollar is tied to a broader basket of commodities instead of just gold alone.



posted on Dec, 5 2016 @ 07:54 PM
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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.


I agree. It's not something that will occur but sounds good when you say it.



posted on Dec, 5 2016 @ 07:56 PM
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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.



You are completely clueless when it comes to economics and our monetary system. I have two separate business degrees including a Master's degree in finance and I can tell you this is a GREAT idea and would solidify our economy. Now, the realist in me believes this will never be allowed to happen because it would destroy the international bankers and their control over the U.S. economy.



posted on Dec, 5 2016 @ 07:57 PM
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Im not sure its possible to do that. I doubt there is enough gold to back the currency at current pricing. I support a backed currency in principle, but maybe it would be better to peg it to gdp less depreciation.



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