HAPPENING: Gold standard being reintroduced, Federal Reserve on-track to abolishment

[Anonymous No.20641729]

Trump is nominating a Fed critic and gold standard supporter to the Federal Reserve board. If he wins the next election I guarantee that he's going to place her as chairwoman, and we'll probably see the institution disappear, the gold standard reintroduced, and the middle class becoming richer again.

As usual the NYT and other liberal retards are trying to front-run it and say that the gold standard is archaic and discredited, but it's complete bollocks and they are only doing it because the Fed will no longer fund their little pet projects any longer (including welfare).

This may be the most important happening in the world economy since 1971.

https://www.nytimes.com/2020/07/22/opinion/federal-reserve-judy-shelton.html

FUCK THE FED
END CENTRAL BANKING NOW

[Anonymous No.20641744]

>>20641729
This has nothing to do with ChainLink

[Anonymous No.20641792]

>>20641729
If trump is /our guy/ why he is still alive, though?

[Anonymous No.20641799]

>>20641729
Plot twist, BTC becomes the reserve asset.

[Black Lifes Matter No.20641816]

>>20641729
>FUCK THE FED
>END CENTRAL BANKING NOW
Kill yourself you delusional Q-Boomer faggot. They will never lose their power. No matter if it's paper printing, gold Standard or CBDC
Kys you fucking piece of shit

[Anonymous No.20641824]

>>20641729
The gold price would have to become astronomic to back the USD with the size of today's economy..

[Anonymous No.20641825]

>>20641729
trump isn't winning schizo

[Anonymous No.20641920]

>>20641825
The far left lunatic insurrection, screaming
>white silence is violence
while burning and looting gave him the victory.

[Anonymous No.20641968]

>>20641824
What numbers are you thinking, fren?

[Anonymous No.20641987]

>>20641729
>fuck the fed
>fed is treasuries
>donald is the chairman
what did op mean by this?

[Anonymous No.20642015]

>>20641968
Could hardly begin to guess. But when you look at the inflation adjusted gold prices back when there was a gold standard and compare the size of the economy back then vs today, you might get an idea.
Might also make any products containing gold a lot more expensive (certain electronics etc).

[Anonymous No.20642036]

>>20641729
This is 4D chess. Trump had to appear as a wildcard to EVERYONE in order to secure the second term, which is when he is going to RAMP UP the big moves.

[Anonymous No.20642504]

xrp backer

[Anonymous No.20642782]

>>20641920
Based. Vote trump 2020

[Anonymous No.20642859]

>>20642036
>This is 4D chess. Trump had to appear as a wildcard to EVERYONE in order to secure the second term, which is when he is going to RAMP UP the big moves.
MIGA

[Anonymous No.20642871]

>>20641824
So will gold moon?

[Anonymous No.20642885]

#JESUS LIVES MATTERS

[Anonymous No.20642911]

>>20641729
>he doesn’t know Trump was bailed out by the Rothschilds
https://m.youtube.com/watch?v=3wbIGFgxJd0

[Anonymous No.20642987]

>>20642871
50k EOY.

[Anonymous No.20643042]

>>20641729
>gold standard reintroduced
how could you tell this

[Anonymous No.20643069]

Trumpers and PM luddites are fucking retards that dont understand shit about how modern economies function or why that wont be done. The gold standard isnt even a solution to the fiscal problems usa is facing and a super strong dollar isnt even desirable. But I'm not going to try to explain that shit to you fucking retards.

[Anonymous No.20643108]

>>20643069
Should we just continue our course of QE infinity then and hope it doesn’t end in tears one day

[Anonymous No.20643123]

All of Trump's policies have been about making credit easier to acquire, lowering interest rates and pushing the Federal Reserve to expand their balance sheet.

It's fundamentally at odds with having a Gold standard, which is put in place nominally to constrain government spending.

But hey, I suppose Trump's policies DO increase the price of Gold by devaluing the dollar. So there's that.

[Anonymous No.20643128]

>>20643069
try to explain it anyways. I'm listening senpai

[Anonymous No.20643136]

>>20643069
(((Modern Economies))) that fell because of a fucking cold, kys.

[Anonymous No.20643220]

>>20643069
Oy vey

[Anonymous No.20643245]

>>20643108
Soverign debt jubilee or currency debasement with hopefully acceptable levels of inflation is the only reasonable course of action. The gold standard doesn't solve the problem of soverign debt and expenditures. If you default on the debt no-one will fucking trust a gold standard you claim to impose. PMs will perform amazing this decade but you dont need to hold them physically unless you are a millionaire and want a bugout bag to escape the country. Macrovoices lacy hunt for an hour of good shit

[Anonymous No.20643263]

But deflation cripples an economy worse than inflation and that's what the fed is currently trying to avoid

[Anonymous No.20643294]

>>20641744
The new gold standard will be a digital coin but not necessarily a stable coin. When the gold standard was in place, people could save a currency that appreciated instead of lose its value.

Link is the trusted oracle to supply live spot price.

[Anonymous No.20643321]

>>20643263
>deflation cripples an economy worse than inflation
The Kike fears the goy that wants to amass wealth for his kids.

[Anonymous No.20643354]

>>20643321
>hur dur he must be a jew!
If a dollar today is worth 1.2 in a year why invest in anything? Why invest in stocks? Why spend money? The modern economy grinds to halt and you enters great depression you fucking retard.

[Anonymous No.20643399]

>>20641825

[Anonymous No.20643407]

>>20641729
I thought this is why everyone was FOMOing into AMPL it's like the fed of crypto

[Anonymous No.20643412]

>>20641729
>we'll probably see the institution disappear, the gold standard reintroduced,
Trump supporters truly are fucking retards

[Anonymous No.20643421]

>>20643354
It’s ground to a halt NOW, money velocity is dead due to all the shutdowns and layoffs.

[Anonymous No.20643439]

>>20643407
Holy shit what? No. Ampl inflates whenever the market price is over 1 dollar. Ampl is a huge pump and dump. Thats it. Solves no problem.

[Anonymous No.20643446]

>>20643245
Why can’t you just have a weaker dollar with a gold standard, it would provide the inflation needed to clear the debt and provide stability. Peg ounce of gold to 1 million usd problems solved

[Anonymous No.20643500]

>>20643421
Yes and to avoid a deflationary spiral similar to the 1930s we need helicopter money from the treasury and less action from the fed. The us dollar is still far global reserve currency and could easily afford to be weaker the best course of action (unfortunately) is dept monetization via the fed and addressing expenditures later. The alternative is a great depression given the joblessness and business failures. Tje bond market is still signaling it fears deflation more than inflation. The debt must be addressed however. Either expenditures taxes or both. Imo cut some welfare and a lot of Pentagon bullshit but that would be a miracle

[Anonymous No.20643540]

>>20643354
>why invest in anything? Why invest in stocks? Why spend money?
Oh no consumerism will be gone? And the stock market will have no bearing on my life unless I'm invested in it? The horror.

[Anonymous No.20643601]

>>20643446
This gets into whether you think QE is effective. Theres some very educated people who debate it. But being able to address fiscal crises worh money printing appears very useful at least in the short term (some would also argue in the long term). Pegging a currency like that also sets it up to break under various forms of duress (the real rate vs what gov claims is rate)

[Anonymous No.20643653]

>>20643540
Modern economy is built upon consumption. Whatever your hillbilly job is is based on consumption and the concept capital needs to be put to work to beat inflation via investment. They didn't have much consumerism during the great depression you right.

[Anonymous No.20643657]

>>20642504
This

[Anonymous No.20643668]

they're playing both sides

you have nobody to side with

[Anonymous No.20643672]

>Trump is playing 4D chess
No, he's a fucking retard.

[Anonymous No.20643715]

>>20643500

There is nothing wrong with deflation, it only becomes a problem when we have an overleveraged consumerist economy like the one today. What we need is a clean reset and a steady deflation afterwards as that is the natural state of a free market without central bank fuckery.

>>20643601

QE redistributes wealth from the poor to the rich. It never actually solved the problems from 2008, just kicked the can down the road.

>>20643653

Perhaps we should question why we have an economy built on consumerism in the first place. I for one believe savings is what drives economic growth, not consumption.

[Anonymous No.20643732]

>>20643601
Well it doesn’t even matter because the new fed chairwoman has a hard on for gold

[Anonymous No.20643731]

>>20643439
>imagine actually thinking this

[Anonymous No.20643738]

>>20641824
Gold only has to cover 40% of the money supply, as it has in the past. This is how gold backed currency works.

>watch Jim Rickards for the low down

[Anonymous No.20643750]

>>20643653
>CONSOOMing good
That's the entire problem, retard. Back then people were better off saving and focusing on their financial matters instead of buying cheap Walmart shit and "growing" the economy.

[Anonymous No.20643842]

>>20643601
QE is just corporate welfare

[Anonymous No.20643843]

>>20643354
>Just CONSOOM, why make a better world for your kids. My colleagues will loose their useless usurious jobs when you stop constantly CONSOOMING
t. Shlomo Shekelbergstein

What about never fucking supporting usury don't you understand Kike?

[Anonymous No.20643871]

>>20641920
All blue or purple states have fraudulent election results. There's no telling what will happen.

[Anonymous No.20643877]

>>20641729
You gold bugs do realize this means they'll set a limit on the price of gold to whatever they want.

[Anonymous No.20643922]

>>20643715
I agree the issue was letting the debt both corporate and sovereign build this high. The question is where do we go from here? I'll also agree deflation for the purposes of deleveraging an economy is useful but past that its harmful. Yes QE helped fuel the asset bubble of the stock market. Which is why I think helicopter money is more appropriate.

[Anonymous No.20643963]

>>20643922

Either hyperinflationary collapse of the dollar after QE infinity or they spike rates now and we enter the Great Depression 2.0. There is no middle-way here after the amount of monetary fuckery they've been doing.

[Anonymous No.20644056]

>>20643963
It's more politically expedient to go through first route rather than let everything collapse. Who knows they might be able to achieve only a double digit inflation and then control it.

[Anonymous No.20644060]

>>20643963
they'll just keep using direct stimulus until enough jobs are back and enough bankruptcies are lifted. as long as it balances out all the deflationary factors (massive global dollar demand, less employment) it will probably work

[Anonymous No.20644083]

>>20643963
If they spike rates does crypto still moon?

[Anonymous No.20644102]

>>20643500
this (minus the debt needing to be addressed)

[Anonymous No.20644207]

>>20643069
you're not going to explain it because you literally can't lmfao

[Anonymous No.20644222]

>>20643877
Which will have to be orders of magnitude higher than what it is now, even to cover a 1 percent fractional gold standard it would need to be 10 times what it currently is today that’s just how fucked up our money system is

[Anonymous No.20644237]

>>20641729
You are literally a fucking retard if you think one woman is going to dismantle Jewish control in the FED. /thread

[Anonymous No.20644247]

>>20641729
>If he wins the next election
that's the kicker

[Anonymous No.20644341]

I hate to break it to you but every single time a country or empire has tried to move away from central banking, the leaders always ended up getting killed or the entire region dragged into a war.

So no, it's never happening unfortunately

[Anonymous No.20644414]

>>20641824
>>20641968
44 times

[Anonymous No.20644503]

>>20641729
lol, the levels of delusional cope
fort knox is empty, a gold standard would kill the us of a.

[Anonymous No.20644545]

>>20641729
Why do you think they are accumulating so much gold now

[Anonymous No.20644557]

>>20644222
well they couldn't because anyone / any country who holds gold would then be able to instantly gain a fuck load of dollars for buy 1 get 10 free and it would fuck america up.

so this is literally never going to happen

[Anonymous No.20644824]

>>20642036
>"He couldn't do anything his second term because he had a democratic congress! It's not his fault!"

just putting it out there so we can prepare for the next round of excuses. no one has ever gotten more slack as president than donald trump, his supporters are unable to drop their delusions and accept he might not be a great leader for our country.

[Anonymous No.20644839]

>>20644557
Your probably right, which means the dollar index is going to 90... then 75.. then 0

[Anonymous No.20644873]

>>20641744
Bro you got the whole squad laughing

[Anonymous No.20644909]

>>20644824
You are literally fucking delusional. Go see a doctor. There has never been a president with a larger microscope on him and there has never been a president who the media has been harder on. Never. You’re insane.

[Anonymous No.20644977]

>>20641729
>Trump is nominating a Fed critic and gold standard supporter to the Federal Reserve board. If he wins the next election I guarantee that he's going to place her as chairwoman, and we'll probably see the institution disappear, the gold standard reintroduced, and the middle class becoming richer again.
he couldnt even get a stupid wall built
but sure hes gonna break the fed