RT The American Tribune (@TAmTrib)AJP Taylor describes this era well in his The Struggle for Mastery in Europe:Coal and steel offered prosperity to all Europe and remade European civilisation. The dream of Cobden seemed to have come true. Men were too busy growing rich to have time for war. Though protective tariffs remained everywhere except in Great Britain, international trade was otherwise free. There was no governmental interference, no danger of debts being repudiated. The gold standard was universal. ...

🔥 BULLISH: Fidelity CEO Abigail Johnson says she personally owns Bitcoin and calls BTC “the gold standard.” https://t.co/T61LxYGyQW ...

RT Bob Dewey (@macroleverageTP)@saifedean and I discussed how fiat changes human time preference. His new book The Gold Standard explains this brilliantly.Here’s Lyn Alden showing exactly how that happens:“When money supply grows faster than resources, debt becomes rational. You short the money to buy real assets.”Clip below from our gold roundtable.h/t @LynAldenContact, @BobMurphyEcon, and @thetrocro ...

FORMER FED CHAIR ALAN GREENSPAN: "In the absence of a gold standard, there is no way to protect savings from confiscation through inflation."Bitcoin fixes this 🟧 https://t.co/Z9BzYY4kIy ...

Core Viewpoint - The suspension of the U.S. dollar's convertibility into gold in 1971, known as the "Nixon Shock," marked a significant shift from fiscal discipline to a floating exchange rate system, leading to rampant government spending and increasing national debt [2][4][5]. Historical Context - Prior to 1971, the U.S. dollar was backed by gold, with a fixed exchange rate of $35 per ounce. Post-1971, the dollar became a fiat currency with no intrinsic value, contributing to inflation and national debt [3][5]. - U.S. government debt has surged from approximately $400 billion in 1971 to $37.5 trillion today, representing about 124% of GDP. Global debt has also escalated to $324 trillion, over 235% of world GDP [5]. Monetary Policy and Debt - The detachment from the gold standard allowed governments to increase spending without the need for fiscal restraint, leading to significant budget deficits financed by the Federal Reserve [4][5]. - The current economic environment is characterized by record levels of margin debt, which has risen to $1.06 trillion, up nearly 33% from the previous year, indicating potential market vulnerabilities [10][11]. Gold as an Investment - Gold is viewed as a hedge against excessive debt and monetary mismanagement, with projections suggesting a potential price increase to $7,000 per ounce by the end of President Trump's second term [7][12][16]. - Central banks are actively increasing their gold reserves, with a net purchase of 200 metric tons in the first seven months of the year, reflecting a 4% increase year-over-year [8][13]. Investment Strategy - A recommended investment strategy includes a 10% allocation to gold, split between physical bullion and high-quality gold mining equities, emphasizing the importance of regular rebalancing [15].

Monetary Policy & Economic Impact - Abandoning the gold standard is considered a costly mistake, leading to a departure from honest monetary practices [1] - The shift away from gold-backed currency enabled unchecked money printing, funding unsustainable wars [2] - Faking the money supply resulted in rising prices, stagnant wages, and a decline in living standards [3] - The transition from sound money to debt-based system has burdened future generations [5] Societal Changes - Families faced challenges in raising children due to time and financial constraints, leading to outsourced parenting [3][4] - Moral decline was observed, with increased debt, gambling, and anti-depressant use [4] - Family structures weakened, evidenced by doubled divorce rates and plummeting birth rates [4] - Dietary habits worsened, with increased consumption of cheap, unhealthy food, contributing to obesity [5] Generational Perspective - The current generation is inheriting a substantial debt burden with uncertain repayment prospects [5] - There is a call to return to sound money principles to secure a better future [5]

[Music] Gold is on a tan 25, up nearly 30% so far this year, torching stocks and bonds as investors scramble for a safe haven watching the dollar head lower. I'm Jared Blickery, host of Stocks in Translation. We're going to start here with a century of gold in a second here, but I wanted to find the gold standard, and this is something that went away 90 years ago.The n the gold standard is a monetary system where dollars can be swapped for a fixed amount of gold. And here's that chart. Way back in the day, ...