I have been learning about money on my own since 2007 after I saw Ron Paul. I just knew there was something not right, but had no frame of reference until Dr. Paul. Only then is when I found out about all the wealth of good and sound information that is out there! I put most of the blame on education, they really did bury this kind of information. School did not teach these things! She is great! Everything she said just makes sense! I learned a lot from this short video. Very well spoken and knowledgeable, I can easily learn from someone like this :) ....sharing! :)
Love Animals-01 , you need love. Bad childhood & lack of self esteem sees everything negative & bad. I understand you, because I was moron long ago, then I woke up.
Check up on Alan Greenspan before and after becoming fed chairman. He WAS a sound money free market advocate. He fell right in line with business as usual once he became fed chairman. Same thing would be the case with her or anyone else that becomes fed chairman
And to think her nomination in the Senate did not go through .. there were two Senators out.otherwise she would have been in. Hope she can go through it once again... at these time become nominated .. let’s pray for her.🙏🏻🙏🏻🙏🏻🇺🇸🇺🇸🇺🇸2020
"Gold Is Money, Everything Else Is Credit" JP Morgan "Section 10 - Powers prohibited of States No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility." - US Constitution Greetings from South-Germany (Swabia^^)
If we went to a gold backed currency then there isn't enough of it at current gold price, thats why people predict 50k gold price cause then there will be enough
Guys load up on gold, silver and digital assets asap...the black swan aka covid 19 will bring the phantom dollar to its knees..Ron paul and judy sheltons ideas in 2020.....
I believe that the great John Pierpont Morgan was brought before Congress circa the financial crisis of 1208 and asked his definition of money and he said plainly gold.
sop- now that the billionaires have amassed their illegal secret fortunes - now they want new rules and to start pressing the point that government exists to protect their private property - not that I disagree with what she is saying in most part but is sickens me to think of all the corruption that is now behind putting her forward.
The highest intinsic value of gold is restraint on goverment spending. Otherwise it has 5-6% industrial use and it is the commodity the wealthy buy and hold. The most intrinsic value is in silver not just because of much industrial use and increasing demand but it provides restraint for Gov spending plus it provides sound cash for the whole public-- to protect against more central control of money / currency. Let silver have it's free market monetary value for the benefit of all! Silver substitutes, profitable recyling, increased mining of the hard to get silver, wise industrial application will allow for sound silver cash. It is the most beneficial, natural money of the past and future.
2400..... They will have no gold in 5 years. more like 100k per ounce maybe more there to much money out there in 2020 a 2400 would not fund a week of government spending
I stopped listening when she talked about a 2% change every 10 years means a 20% different over 10 years. Not true. Its about 22% after 10 years due to compound interest. This is literally something that people should have learned in high school.
I thought the same thing. But I realize that if she had said what you said unfortunately a lot of people would not get it. Sometimes you have to dumb down to your audience or you will lose them.
Lol Judy's views on policy are ALL over the place and make zero sense, and anyone who believes in gold-standard is... tripping. And there are literally people here like "this is ASMR...🤤"
She couldn’t be clearer on her ideas towards monetary policy. Anyone who doesn’t believe in a gold standard or meaningful and accountable is delusional and loves pyramid schemes. All pyramid schemes end, just like your ability to be logical has.
So many myths promoted here. First, who cares what anyone in the 18th or 19th centuries thought about money or economics. Much progress has been made since. Second, tying currency to a commodity does not make a currency stable. Quite the opposite is true. Commodities are very volatile, a fact which in itself causes periods of deflation and inflation based on the supply and demand for the commodity. That's completely unrelated to price stability or what's best for an economy. While the average inflation rate under the gold standard was roughly zero, there were wild shorter-term swings, leading to depressions and large inflations. Third, housing prices rise with inflation, on average, and when that changed in the 2000s, housing prices were rising faster than inflation. That was due to building restrictions in many major cities. Fourth, the Fed Funds rate being at zero doesn't mean money is loose. It's the supply of money over the demand for money that determines the market clearing or natural interest rate. Demand for money had increased faster than the supply of money from 2007-2012, so money was tight. That's why inflation was low and remained low. The Fed Funds rate was above the market clearing rate, due to the large increase in money demand that caused the Great Recession and Financial crisis. This woman knows nothing.
This is the most important discussion to have, period
I'm in love with her
I love her voice, so calm and humble.
ping pang wong
Her voice is so soothing and I find her very sexy, nothing better than a smart woman who can talk the talk.
It's great to see someone like this in Trump's economic advisory panel.
K. M. Totally agree...Judy Shelton always speaks absolute sense and I adore her calm, articulate delivery I could listen to her speak all day long.
Yes, that's exactly what I'd expect someone ignorant enough to support Trump to say.
See my comments above in this thread and learn something for once.
I have been learning about money on my own since 2007 after I saw Ron Paul. I just knew there was something not right, but had no frame of reference until Dr. Paul. Only then is when I found out about all the wealth of good and sound information that is out there! I put most of the blame on education, they really did bury this kind of information. School did not teach these things! She is great! Everything she said just makes sense! I learned a lot from this short video. Very well spoken and knowledgeable, I can easily learn from someone like this :) ....sharing! :)
This woman and Ron Paul are wrong about everything. See my comments above.
this is one smart lady
We want this lady as Fed chair now. She can fix all evil done by Allan G, Bernanke, Yellen and Powell .
You're a moron.
Love Animals-01 , you need love. Bad childhood & lack of self esteem sees everything negative & bad. I understand you, because I was moron long ago, then I woke up.
The true moron is he who holds dollars for a store of value.hurry corona vaccine available at your local bank.bend over paper chasers
Check up on Alan Greenspan before and after becoming fed chairman. He WAS a sound money free market advocate. He fell right in line with business as usual once he became fed chairman. Same thing would be the case with her or anyone else that becomes fed chairman
Happy now ? ;)
And to think her nomination in the Senate did not go through .. there were two Senators out.otherwise she would have been in. Hope she can go through it once again... at these time become nominated .. let’s pray for her.🙏🏻🙏🏻🙏🏻🇺🇸🇺🇸🇺🇸2020
Dr. Judy Shelton is a rising star in the U.S. Financial arena. She is a true "Brainstrust" that Americans should welcome with open arms.
No, she's an ignoramus. See my comments above.
This woman is very well informed. I hope she becomes a part of the FED
Brilliant woman. Hope she is elected as Fed chairwoman
"Gold Is Money, Everything Else Is Credit" JP Morgan
"Section 10 - Powers prohibited of States
No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility." - US Constitution
Greetings from South-Germany (Swabia^^)
Exactly. This is why there is no State that has its own money.
2020 , here she is
Pray, she is elected Fed chairwoman and be independent.
She will be fed chair.they need her to sell the new gold backed digital dollar after they hyperinflate the dollar away.
XRP
Even relevant today
Excellent
We need Judy Shelton on the Fed! Maybe she can bring integrity back to our monetary policy.
judge judy
Drain the swamp. Pay attention to July 21st 2020 .
and
If only Judy was in charge instead of Yellen, difference between light & dark, what a woman!
18000 views, 112 comments in 8 years. Seems nobody is interested in how money works. No wonder we are were we are.
11 yrs ago today and everything she stated holds true!
Shelton is the BEST thing Trump has done
I used to be a Ginger, but now I'm in the Marianne camp.
yeah
Gold is the one and only answer to fair economy especially in a international point of view. The earlier we resume the better.
See my comments above in this thread.
Judy is very logical. I hope she doesn't change her logic by being pressured "somehow".
She had me when she said 'assistant to the Treasury Secretary" instead of "Assistant Treasury Secretary".
50k gold to come!!
dumb
If we went to a gold backed currency then there isn't enough of it at current gold price, thats why people predict 50k gold price cause then there will be enough
Guys load up on gold, silver and digital assets asap...the black swan aka covid 19 will bring the phantom dollar to its knees..Ron paul and judy sheltons ideas in 2020.....
Man Trump is trying to do the right thing but the Swamp is everywhere!
No Policy should be Kept in Secret . #ENDTHEFED
Anyone one here in late 2024 from The Morgan Report interview?
Talking of Jefferson - Ironic that BRICS are calling their currency - The Unit.
I believe that the great John Pierpont Morgan was brought before Congress circa the financial crisis of 1208 and asked his definition of money and he said plainly gold.
Even more relevant today. We’re all screwed.
This excellent piece should be forwarded to everyone who will vote in 2020 for president. (7.15.19) Carl L. McWilliams
She said all the right things. But this interview was recorded in 2011 and it may prevent her from being approved by the full Senate in 2020.
Gold value based on inflation is $18000/oz
Glenn Miskiewicz ✍🏻👀
I’m so glad Trump is choosing her such a smart capable Person
I'll give you 3 bags of rice for that ring!
sop- now that the billionaires have amassed their illegal secret fortunes - now they want new rules and to start pressing the point that government exists to protect their private property - not that I disagree with what she is saying in most part but is sickens me to think of all the corruption that is now behind putting her forward.
What a mind! Her words will come back to haunt her own country, the USA.
The highest intinsic value of gold is restraint on goverment spending. Otherwise it has 5-6% industrial use and it is the commodity the wealthy buy and hold. The most intrinsic value is in silver not just because of much industrial use and increasing demand but it provides restraint for Gov spending plus it provides sound cash for the whole public-- to protect against more central control of money / currency.
Let silver have it's free market monetary value for the benefit of all! Silver substitutes, profitable recyling, increased mining of the hard to get silver, wise industrial application will allow for sound silver cash. It is the most beneficial, natural money of the past and future.
Gold $14,000.
Michael E Add a zero !
They all talk like this but then once they become Fed chairman, .... Thing is not as easy as it sounds.
Gallina vieja da buen caldo y estoy seguro que Judy no defraudaria!
Abusing power is so right.
Judy and Betsy DeVos. Two women, one brain.
She’s kinda hot
2400..... They will have no gold in 5 years. more like 100k per ounce maybe more there to much money out there in 2020 a 2400 would not fund a week of government spending
How can it be a government agency if it's owned by banks?
It isn't owned by banks.
@@Capital_Ideas1 all the central Banks are. Thats how can they raise and lower interest rates?
I stopped listening when she talked about a 2% change every 10 years means a 20% different over 10 years. Not true. Its about 22% after 10 years due to compound interest. This is literally something that people should have learned in high school.
I thought the same thing. But I realize that if she had said what you said unfortunately a lot of people would not get it. Sometimes you have to dumb down to your audience or you will lose them.
Buy Bitcoin... the hardest money the world has ever seen
Tulipcoin? Really?
You obviously have no idea what hard money is. It certainly isn't a currency with the volatility Bitcoin has.
At some point it will be the hardest to dispose of
Not XRP from ripple labs? ;)
This woman's ridiculous Rosa Parks comment brought me here. What a fool.
What did she say?
Lol Judy's views on policy are ALL over the place and make zero sense, and anyone who believes in gold-standard is... tripping. And there are literally people here like "this is ASMR...🤤"
She couldn’t be clearer on her ideas towards monetary policy. Anyone who doesn’t believe in a gold standard or meaningful and accountable is delusional and loves pyramid schemes. All pyramid schemes end, just like your ability to be logical has.
So many myths promoted here. First, who cares what anyone in the 18th or 19th centuries thought about money or economics. Much progress has been made since.
Second, tying currency to a commodity does not make a currency stable. Quite the opposite is true. Commodities are very volatile, a fact which in itself causes periods of deflation and inflation based on the supply and demand for the commodity. That's completely unrelated to price stability or what's best for an economy. While the average inflation rate under the gold standard was roughly zero, there were wild shorter-term swings, leading to depressions and large inflations.
Third, housing prices rise with inflation, on average, and when that changed in the 2000s, housing prices were rising faster than inflation. That was due to building restrictions in many major cities.
Fourth, the Fed Funds rate being at zero doesn't mean money is loose. It's the supply of money over the demand for money that determines the market clearing or natural interest rate. Demand for money had increased faster than the supply of money from 2007-2012, so money was tight. That's why inflation was low and remained low. The Fed Funds rate was above the market clearing rate, due to the large increase in money demand that caused the Great Recession and Financial crisis.
This woman knows nothing.
you don't seem to know much about gold.
Central banks and nations are purchasing gold at rates never seen before. They obviously disagree with you.
There are so many logical facilities and falsehoods in this, that it is not worth getting into any sort diatribe
@@carlton7015 I've modeled gold prices. Have you?
@@elevatormechanic7120 Even if that were true, it's irrelevant. Almost all of them are poorly managed.
Gold standard .. gold to be digitized and put onto the XRPL ..