“You can’t have sound money without sound finances,” says Judy Shelton, monetary economist, author of “Money Meltdown,” and former economic advisor to Donald Trump. In an exclusive interview with Daniela Cambone, Shelton explains the rationale behind a gold standard argument, detailing how issuing a gold-backed bond may be the pathway to it. “I don’t know how people talk about free trade without addressing currency gyrations and how they impact trade,” she says. Additionally, she warns that the fate of the U.S. may be similar to what happened to the Soviet Union with insurmountable debt. “Is the US still going to be here in 50 years? At the rate of the unsustainability in terms of the fiscal and monetary situation that you opened with, I don’t see how.” Tune in for this insightful discussion on the future of the U.S. economy and the potential return to a gold standard.
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📖 CHAPTERS:
00:00 US debt cliff
3:20 Money should work for the people
6:06 Gold standard
14:03 Argument against returning to gold standard
17:26 Donald Trump
26:54 Inflation and current economy
29:59 Central banks accumulating gold
39:15 BRICS
46:48 Concluding words
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You should *know* that it is happening. Prepare.
Gold we do not have we will reevaluate en restore the prosperity 😉
The Federal is just a NOTHER CARTELL,
CDBC IS AND WILL BE JUST BE A WAY TO RIP OFF THE MIDDLE CLASS PEOPLE SO THE RICH CAN COME SOME ON THERE LUST ,
I hope Judy is really for the people and honest money, because if she isn’t we’re in big trouble. It appears that we’re surrounded by lying globalists and their elite masters.
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Your best interview ever.
The problem with convertibility isn't gold or the price of gold at any given moment in time,,,,, its who your converting the gold with!!
Would I trust the CCP, Putin, or a Trump administration to honor the obligation to convert the paper currency to gold?
Not me!!!
I tell my bank every time I go into the bank lobby, "I don't trust them," let alone Trump, Ghi & Putin!!!
Physical gold & silver coins are money.
If you don't hold it? It ain't yours!!!
"Central banks are a greater threat to liberty than standing armies!!""
Thomas Jefferson 43:51
The 50 year gold bond idea makes zero sense & is very dangerous! What happens in 50 years if all of the bond holders redeem their bonds for gold, leaving little to no gold in the govt's coffers? We are then left with a worthless govt. if a significant part of its worth has been tied to gold, which it no longer holds much of, if any. And, it is additionally a dangerous idea because it opens up the door to the wealthy, oligarchs &/or foreign players buying up all of the bonds — increasing the already massive wealth gap between the haves & have nots.
Why is Trump gambling with our gold to buy bitcoin
Blah blah .fed is corrupt and Trump is going to alot of inflation and causes and downturn
.debt is hugh and growing.
ssuing a $500 billion gold-backed bond, as proposed by Judy Shelton in Good as Gold: How to Unleash the Power of Sound Money, would provide a temporary influx of funds to the U.S. Treasury, covering approximately three months of government expenses. However, this one-time measure does not address the fundamental issues contributing to dollar devaluation, such as persistent fiscal deficits and expansive monetary policies.
To effectively combat dollar devaluation, comprehensive and sustained strategies are necessary. These include implementing long-term fiscal reforms to reduce deficits, adopting monetary policies that prioritize price stability, and fostering economic growth through structural reforms. While gold-backed bonds might enhance investor confidence and signal a commitment to sound money principles, they are not a standalone solution to the complex issue of currency devaluation.
Unfortunately, the political class does not want sound money; they want to deploy money illusion to serve their political interests at the expense of taxpayers.
It's not just gold-backing that makes a currency a global reserve currency. It takes the institutional infrastructure, political stability and inclusion, and the raw economic and military power to defend the currency. In other words, it takes trust. The BRICS and China have none of this, no matter how much gold they hoard. Nobody wants the CCP to control the global monetary regime. Or Russia or Brazil. And those countries will never be able to coordinate geopolitical interests. Today global trade and credit is path dependent on the US$ – there is no other option and replacing that is harder than changing the keyboard from QWERTY or making Esperanto the global language.
just save in gold. gov't money & legsl tender laws are written fictions, use their garbage & save in gold. price your jobs per the oz of gold & sdjust accordingly to inflation. who cares what crap they use?
problem is govt does not pay its bonds it rolls them into reverse amoritization forever paying interest on past principle on top of new. this lady is a bit dishonest
"it's tradition"
gov't is written fiction believed in & loosely held together by faith in its ability to serve the creator not to serve the created.
Love the show, but Americans are spoiled and disrespectful, who will correct these issues??
Wonderful … this woman is the best in tune and thoughtful person i have heard in a decade….. make her president
I dont belive the us will be here in 50 years, your guest is leaving god and the book of revalation out of the equation, where thair,
She's a financial fraud!
China is dumping US Treasurys… She fails to mention why BRICS Nations are De-Dollarizing. Hence, they are tired of being sanctioned and like Russia having their dollars stolen. She a BS ARTIST!
Why DEBT and never A SURPLUS?
ok 37:00 mind in she mentions BRICS… These are sovereign nation, why are you watching them.
this lady is a ditz
Why does she omit BRICS? Why has should not once acknowledged BRICS?
Are Central Bank synonymous with BOMB? We must do a timeline.
Right after Reagan said that he bombed Libya…Obama and Hillary destroyed Libya because Gaddafi was going to link its currency to gold… C'mon lady.
She is describing BRICS… Don't insult our intelligence!
Ma'am if you had "transparency" in America you'd Audit the Fed.
GIBBERISH!!! Who and/or what sets the value of GOLD? Also, if GOLD is such a “genius” investment, why don’t the “Geniuses” at The U.S. Treasury just print a bunch of dollars and buy a trillion tons of GOLD? All Robert Kiyosaki, Peter Schiff and clowns like them have ever done is screed financial gloom and doom then they direct people to purchase GOLD from their companies… FUNNY, why are they accepting a valueless and/or fake currency for “VALUABLE” gold? But no Gold Peddler like Robert Kiyosaki, Peter Schiff and Clowns like them can tell us how GOLD BARS can be bartered when the dollar becomes worthless and/or when SHIT HITS THE FAN… Robert Kiyosaki and Peter Schiff can describe all these financial collapsing scenarios but can’t give us any ideas how to survive with GOLD BARS in our pockets while we sit on skid-row? Be my guest and drop some GOLD BARS on the cashier at checkout when anarchy has gripped America. Better yet, let us know how you went to the post office and shipped your GOLD BARS to your mortgage company to pay your mortgage? Robert Kiyosaki and Pete have been spewing this crap for eon’s… If Robert Kiyosaki and Peter Schiff are not heading to skid-row then their analysis is a farce…. Hey Robert Kiyosaki and Peter Schiff come talk to us when you lose everything and you’re sitting on skid-row with your GOLD BARS in hand. Here’s a Magical Equation: How do you buy a GOLD BAR with FIAT CURRENCY? Or how do you buy something of “value” with something that is fake or valueless? Just like the Matrix can turn the Stock Market on and off at a whim, the Matrix can set the price of Gold on a whim. https://thebomanistudy.com/2024/07/09/40309/
Global financial discipline. An honest monitary system is needed in the modern financial institution.
Judy
Judy
Judy
As she predicts the demand for these bonds could be oversubscribed could that lead to a repricing of Gold?
This woman is naive to think we have a free market economy. Politicians do inside trading, investment websites can block you from buying stocks in companies they don’t want you to(GameStop). If a country has a product that dose better economically the US just bans it (tictoc) the US can just take over any foreign company they don’t like (citgo) there’s nothing free about this economy it’s a farce hence the fact that she didn’t comprehend this make me not interested in her financial advice.
It's highly unlikely the World will survive until 2050. 2030 even.
Thank you Daniela for the amazing interview with Judy Shelton
Simply put Judy Shelton rocks! The FED needs an almost complete overhaul. Appoint Judy as Chairman and then allow her to handpick her entire team. Problem solved. lol, I wish it was that easy but hopefully you get my point!
We can't have this bond idea work without transparency. Faith in the government holding the gold for 50 yrs. isn't there.
The foxes will never build a stronger hen-house. We need transparency and justice first, then great ideas like this will be possible.
We are a free market economy hahahahaha every market is rigged by fed slash funds
She calls the Fed "an independent government agency." That's a contradiction in terms. It can either be "independent" or a government agency, not both. See how these people try to fool you with words? Don't trust these slippery snakes.
Who's been buying up all the gold? The central banks, such as the Fed. Who would benefit the most by a gold-backed bond or currency? The private owners of the central banks. They're so predictable.
A 50 year gold backed convertible bond – does Judy realise how much manipulation, bastardisation, lying, and government corruption would take place over the span of 50 years, and the likelihood of a government 50 years down the road honouring that convertibility promises!!! Side step the gangsters and their promises to pay and buy the real physical money “ Gold”
US Constitution says only gold and silver are to be used as money defines money and bans fiat currency, which means current fiat system is illegal.
Judy is mute on this point.
No Government will have a moral responsibility to it's people. A child could do a better job than anyone at the FED or US Gov.or any western Gov't.
Who in the US government has control of the gold reserves? It seems even the President is not in the loop of decision making there.