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  Truth Quest Podcast Episodes: Episode #27- The Truth About the Federal Reserve: An Introduction Episode #28 - The Truth About the Federal Reserve: The Results Episode #56 - The Truth About Libra - Facebook's Cryptocurrency APMEX: Buy Gold and Siver The Truth Quest Podcast Patron Page Join the conversation at The Truth Quest Facebook Fan Page Order a copy of Shawn's books, Pritical Thinking, The Proverbs Project, The Termite Effect. The video of this episode is available on The Truth Quest Podcast Rumble, BitChute, Brighteon, and Thinkspot. Check out short highlight videos of each episode on Instagram.