stomped on Gold way back when after they confiscated it ..Their mistake was in listening to the Banksters back then and never revalued Gold properly .The Banksters deliberately undervalued it to give Paper money a higher value and this mistake sent us into the DEPRESSION .When paper s valuation is too high it dosent circulate ..it goes into hiding ! A strong dollar is the very definition of a DEPRESSION .Gold is real money ,all else is credit ! When you understand that its easy to see credit should not be expensive ,but priced to facilitate trade ! ,but only enough to do that ,not make more credit available than is needed ! Thats a distortion that collapses savings…ruins capital,encourages too much debt and creates a bubble collapse .
It should not be managed by narrow minded Politicians ,but by those interested in well being of a Nation as a whole ,a President of ALL the People. Only when gold is properly priced will the Dollar serve as a facilitator of Trade .At NO time should the Dollar be more valuable than Gold ,it must circulate freely ..Gold is a store of value not used a currency .
Bragging about the Dollar being as GOOD as GOLD is lunacy soon to be followed by a CRASH in the economy and depression .
Owing your debt in a Strong currency is a recipe for Bankruptsy ! The worlds biggest debtor should have a weak currency or it can never pay back its debts. ALL this was exacerbated when Clinton & RUBIN changed our LONG term debt for short term debt because the RATE was LOWER ,but they created the MESS we have now ! of having to pay back debt with a rising interest Rate .The MATH dont work. Going from 1% to 2% doubles the debt payments and the AMOUNT OF DEBT (DEFICIT) IS DOUBLING EVERY 6 YEARS .Clinton & Rubin got Political Praise for balancing the Budget falsely by exchanging a managable debt for un unmanageable short term nightmare all for Political Gain. ANY corporate Treasurer would have been fired for ruining the company ! He ruined the Country ,She would have started a WAR to distract your attention from what he did.. The BRAINless ones voted for them while they ruined the finances of a Nation to get elected.
The US voters were no smarter than Venezuela,Bolivia,Zimbabwe ……Stupid is as Stupid does !
Every people get the Government they deserve ! WE could start the road back by Devualation 25% ,cutting Government spending ,giving the private sector a boost instead of punishing them for hiring .Elimination the Health Care burden on the Private Sector and placing it on the government as ALL other NAtions do. Thats a financial burden and makes is a competitive disadvantage in prices for exports .Government should have the Burden of Health-care not the Private Sector .
Thats a MAJOR disadvantage to small business who cant afford it and a Major advantage to BIG BUSINESS in hiring the best people .When small business does most of the hiring ….this needs to be fixed.
When Government has the Burden of HealthCare it can distribute it evenly and fairly to everyone and it will have LESS money to engage in misadventures & WARS .. Trying to put the Costs on Small business is outrageous stupid and results in NOT hiring or hiring only PART time to avoid the Laws would put them out of business.
HealthCare alone is a major CAUSE of HIGH unemployment ! Stop the Madness of Politics against the private sector and small business . Even big business is punished by Government ,how can an Auto manufacturer compete with a foreign maker when Health Care is 10 % of his cost of a car that a foreign car maker dosent have !
Reagan was right Government IS the Problem…