Tuesday, January 1, 2019

GOLD STANDARD IN OUR FUTURE? - People who know Trump know he's always had a love (perhaps obsession is a better word) for gold.

87) People who know Trump know he's always had a love (perhaps obsession is a better word) for gold.
9:17 PM - 1 Jan 2019
6 replies53 retweets216 likes
 
 
 
Robby BallTweet text
 
 

    1. New conversation
    1.  2 hours ago
      88) Trump's comments on the gold standard didn't fall on deaf ears. Economists and political commentators have been writing about the idea ever since.
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    2.  2 hours ago
      89) Some think returning to the gold standard would make America great again.
      6 replies73 retweets238 likes
       
       
       
    3.  2 hours ago
      90) A couple of weeks before the 2016 election, this writer wanted both candidates to know the gold standard deserved serious consideration.
      20 replies75 retweets234 likes
       
       
       
    4.  1 hour ago
      91) I can't say with any certainty whether the President will return America to the gold standard. I also can say with certainty what his plans are for the Federal Reserve. The two are not mutually exclusive. We could have both. Or neither.
      3 replies47 retweets167 likes
       
       
       
    5.  1 hour ago
      92) If we were to return to the gold standard, the effect it would have on us and our investments would depend on the way the gold standard was implemented. There are many possibilities. Each would have a very different outcome.
      3 replies16 retweets65 likes
       
       
       
    6.  1 hour ago
      93) In 1982, the Cato Institute evaluated several proposals on how we might return to the gold standard. (I found this article to be the most helpful of all the information I've read on this subject.)
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    7.  1 hour ago
      94) Fiat currency is money that is not backed by a commodity. Monetary theorist Robert Barro noted that a major problem with fiat currency is its tendency to be politicized.
      1 reply19 retweets58 likes
       
       
       
    8.  1 hour ago
      95) Economist William Fellner admitted that fiat currency has throughout history been misused by those in power.
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    9.  1 hour ago
      96) A second problem with fiat currency is the federal government's role as the sole issuer of money. Hyak noted there is no legitimate reason for a government to take such a position.
      3 replies18 retweets59 likes
       
       
       
    10.  1 hour ago
      97) Milton Friedman pointed out that a true commodity based currency would have no need of government meddling or regulation.
      1 reply17 retweets67 likes
       
       
       
    11.  1 hour ago
      98) Most proposals to return to the gold standard evaluated by the Cato Institute seemed inadequate and would likely to lead to the use of fiat currency controlled by a central bank. One proposal held promise but only if modified. (A summary is provided at the bottom of page 3)
       
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    12.  1 hour ago
      99) Yeager argued that anything less than a 100% free market system devoid of government regulation would lead to the problems seen in past and present monetary systems.
      2 replies20 retweets75 likes
       
       
       
    13.  1 hour ago
      100) Former Fed chair Alan Greenspan has had many positive things to say about gold and the gold standard.
      8 replies33 retweets90 likes
       
       
       
    14.  40 minutes ago
      101) Between 2011 and 2014, I received a number of dreams from God about a coming stock market collapse. I also received revelation about what life might be like in the aftermath. (I've had very little revelation from God since then on that subject.)
      5 replies19 retweets73 likes
       
       
       
    15.  40 minutes ago
      102) I've been under the impression that warnings about a possible stock market collapse were behind us since Donald Trump had been elected and the stock market had been doing well. Recently, I've been reconsidering my views on that.
      1 reply11 retweets55 likes
       
       
       
Posted by Robby Ball at 8:30 PM