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Re: Trump Nominates Chris Waller, Judy Shelton To Fill Fed Vacancies 

By: micro in POPE 5 | Recommend this post (1)
Fri, 17 Jan 20 4:46 PM | 35 view(s)
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Msg. 49231 of 62138
(This msg. is a reply to 49228 by Decomposed)

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De

on what basis should US currency be backed in your opinion?

Does it have to be gold? Obviously we switched from that to a DEBT based backing and I am not particularly a fan of that because it only encourages more debt..
And debt really has no value anyway. But you know this..

What about something more tangible like maybe Energy reserves that have value? Or maybe some other valuable precious metals like Platinum or Palladium or both?

I mean, if we had enough physical Gold in the vault to cover the fiat currency in circulation I would not be opposed to that but we could also have additional precious metals or GEMS like diamonds, or things that could also be used in addition. Why just one thing?

Anyway, time for some creative thinking....

Thanks!

micro.


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The above is a reply to the following message:
Re: Trump Nominates Chris Waller, Judy Shelton To Fill Fed Vacancies
By: Decomposed
in POPE 5
Fri, 17 Jan 20 4:04 PM
Msg. 49228 of 62138

Nemo:

Re: "In the past, she has advocated a return to the gold standard."
So did Greenspan. You saw how that turned out.


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