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, ...