Trump proposes returning to the gold standard.

Interesting that no one has mentioned this proposal. It was made during a CPAC speech and followed up by Forbes in the link.

There does seem to be a way of approaching this politically as outlined by Forbes and apparently not many are arguing against it. Obviously such a change will 'step on toes' and backlashes are likely inevitable.

So what are the ramifications of this proposal? Mere rhetoric in Trump's arsenal of negotiation tools? A trial balloon? Having culled out or departing appointees given Trump more time to find his kind of people and now has the people to move forward? Is this more fundamental than merely getting rid of the Fed.?

Should we support this potential move no matter our political preferences?

www.forbes.com...# 3086eb147314

This is a potential game changer.

Thoughts?

What happened to the last president who wanted to return to the Gold standard...

My thoughts on it? We should've never left the gold standard, it was the best way to manage the country's finances.

I mean Donald Trump literally has a gold toilet in his penthouse. His name is emblazoned in gigantic gold letters on all of his buildings I am not shocked.

Jubilee the debt, eliminate fractional reserve banking, back the currency with gold and fix the price of gold so that each $1 of currency equals $1 worth of gold. Eliminate taxes and fund the government with direct issuance of currency. Live happily ever after.

a reply to: nwtrucker

It would be a boon, but it won't happen. If we return to the gold standard, then someone will have to inventory all of the nation's gold...And that can't happen; because we don't have it anymore.

Good luck Mr. Trump. I hope you're serious about this but if you are...you won't survive too long...there's more powerful people than you who want to keep on robbing the country and it's citizenry, as well as many other countries.

There is not enough gold to back the current money supply.

It will not work.

The Gold Standard is never coming back.

a reply to: sligtlyskeptical

But what will you do with all of the Dead bankers?

a reply to: nwtrucker

What an idiot...

There isn’t enough gold on the planet to return to the gold standard..


Gold isn’t even functionally any more valuable than some super complicated paper money..

Plus half the reason we are a super power is that opec only accepts american dollars..


Trumps an idiot..

a reply to: WarPig1939

Spoken like someone who has no idea how the gold standard really works..

Gold is no more functionally valuable than anything else.. it is shiny and doesn’t rust.. that is the only reason the ancients considered it valuable.

There isn’t enough gold in the world to account for just 350 million Americans..


We don’t even have any real gold likely, and that’s fine..


Paper money/gold is ONLY valuable because people agree to use it..

So anything people are willing to use is cool.

VVat ah baufooun

a reply to: nwtrucker

They'd go to Fort Knox and realise there's nothing there to back up the money.

originally posted by: neo96
There is not enough gold to back the current money supply.

It will not work.

The Gold Standard is never coming back.

Sure there is enough gold to back the money supply. 'X' amount of gold measured by "Y" amount of money. The totals of each are irrelevant. Just some fancy math is required.....

originally posted by: eNumbra
What happened to the last president who wanted to return to the Gold standard...

Who would that be?

originally posted by: dashen
a reply to: sligtlyskeptical

But what will you do with all of the Dead bankers?

We had banks when we were on a gold standard. Just less wiggle room for them to operate with, I would guess.

a reply to: AugustusMasonicus

Abraham F Kennedy. I mean John Lincoln

Lol, is he going to balance the budget, disband the Federal Reserve, too?

Never happen. The banksters have all the gold in their basement vaults. They will never issue that to replace their global fiat currencies.

So I guess it depends on what they mean by a gold standard. Gold and silver were taken out of circulation a long time ago.

originally posted by: TheMadTitan
a reply to: nwtrucker

They'd go to Fort Knox and realise there's nothing there to back up the money.

Per the Forbes article, there's more gold in the U.S. than Germany and the IMF combined.

a reply to: nwtrucker

Removing that wiggle will lead to a lot of broke bankers and a broke Banker many times is a dead Banker

originally posted by: dashen
a reply to: AugustusMasonicus

Abraham F Kennedy. I mean John Lincoln

Silver was taken out of US coins right after Kennedy was assassinated.