Ep. 62 - The Truth About Gold and Sound Money

Most people are aware of inflation. They expect the cost of products and services to go up every year. What these same people may not be aware of is the fact that this perpetual inflation is completely unnecessary.

If the United States had a sound money policy, meaning the U.S. Dollar was pegged to gold (on a gold standard) most of the angst around monetary policy, interest rates, the national debt, out of control government spending, inverted yield curve, negative interest rates, and cryptocurrencies would be nothing but noise.

In this episode we examine the history of a gold standard. We scrutinize actions taken by FDR, Nixon, the Federal Reserve and their impact on the worldwide economy. The bottom line is, because the gold standard constrains the spending of our overlords in Washington, D.C., they will never willingly revert back to that standard. Unfortunately the United States is in for a rude awakening as other countries have started accumulating gold reserves as a way to diversify away from the U.S. Dollar's reserve currency status.

Show Notes:

Think Bitcoin is the New Gold 2.0 - Think Again

The Gold Standard 

Your Move Gold Critics, Please Explain What Money Is

In Dismissing the Gold Standard, John Cochrane Channels Tina Fey

Central Banks of Gold Buying Spree Over Dollar Worries

Central Banks are Buying Gold Fastest Pace in Six Years

Russia, China Continue Massive Substitution of Dollar Assets into Gold

In Money We Trust: Documentary

Funding the Monster State: FDR, Nixon versus the Gold Standard

Alan Greenspan: Ron Paul Was Right About the Gold Standard

Ron Paul's Appearance on Judge Napolitano's Fox Show 

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