Judy Shelton Interviewed by David Morgan
"Why Don't We Use Our Gold As Collateral For A New Treasury Debt Instrument?"
Judy Shelton: "Why Don't We Use Our Gold As Collateral For A New Treasury Debt Instrument"
Former Trump economic advisor Judy Shelton has talked a lot about bringing gold back into the monetary system in the US. And while she has not yet been officially brought back aboard Trump's team, it sure is fascinating to imagine what could happen if she is.
Because in a recent interview with David Morgan of The Morgan Report, in addition to sharing some fascinating monetary history, including how even Fed officials like Paul Volcker and Alan Greenspan agree that 2% inflation is far from the definition of stable, she also proposes the idea of using the nation's gold as collateral for a new treasury debt instrument.
Which is fascinating to hear, especially at the same time when the eastern half of the world continues to express a desire to turn to gold in place of treasuries. So whether you're a monetary advocate, historian, or someone who just wants to navigate the changes to our monetary system that are coming, you're really going to enjoy this interview. And to hear David Morgan talk with Judy Shelton, just click to watch the video.
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I guess the first reason it is unlikely is there would have to be an inventory of the actual gold held in the US. Another reason it won't happen is it will limit the amount of debt that can be created. It will limit spending. It would vastly inflate the price of gold, making many people alot wealthier. No, I don't see it happening. It takes power out of too many hands and fairly distributes it. Why would elites want that?