Podcast appearances and mentions of Judy Shelton

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  The headlines say inflation is cooling—but a closer look shows the data is full of holes. In this deep (and skeptical) dive into the latest CPI numbers, Chris breaks down why 2.7% inflation doesn't match the reality Americans live every day. From manipulated BLS data and stagnant wages to the soaring cost of life's bare necessities—food, insurance, housing, and energy—this episode challenges the conventional wisdom that 2% inflation is “success.” Why should the dollar lose value at all? Drawing on decades of experience and the economic views of Judy Shelton, Chris explains why zero inflation should be the goal, why debt and money printing are crushing future generations, and why Washington keeps kicking the can down the road.

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThe [CB] is pushing their agenda across the country and world. They are now pushing their Universal Basic Income in Illinois, this will fail. US production is picking up. SEC is cracking down on ETF’s. Trump has now nominated Kevin Hassett to take over the position of Powell. This restructuring will begin soon and the alternative currency will show it. The [DS] knows they are running out of time and they are losing control over Zelensky, this is why they are now pushing a war with Russia. They do not want peace. Trump is exposing the corruption and pushing for elections to remove Zelensky. Trump has null and voided everything Biden/Obama have done over the last 4 years. It’s like everything they did doesn’t exist. The [DS] is boxed in, there is no escape. Economy https://twitter.com/MJTruthUltra/status/1996238986650464720?s=20   government, and I’m here to help,”. (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/AwakenedOutlaw/status/1996060994892955661?s=20   logs, program letters, etc. weekly or be limited to 3-months of SNAP benefits in a 3-year period. US Industrial Production Sees Biggest Annual Gain In 3 Years Despite Slowing Capacity Utilization    Industrial Production rose just 0.1% MoM (as expected) up from the downwardly revised 0.3% MoM decline in August. On a YoY basis, production rose 1.62% – its best since Nov 2022… US Manufacturing output was unchanged in September (slowing from the 0.1% MoM rise in August), but, like IP, that supported a 1.5% YoY rise in output, its highest level since April 2022… Source: zerohedge.com https://twitter.com/KobeissiLetter/status/1996217766366400884?s=20  registration of ETFs that seek to provide more than 200% (2x) leveraged exposure to underlying indices or securities,” the SEC wrote. Leverage is clearly out of control. Bessent says White House may ‘veto’ Federal Reserve presidents   Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve’s regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency.  Bessent said that “there is a disconnect with the framing of the Federal Reserve” and added that, “unless someone has lived in their district for three years, we’re going to veto them.” Source: msn.com https://twitter.com/KobeissiLetter/status/1995954684859941373?s=20   In a July 2025 interview, Hassett highlighted the Fed’s origins under the gold standard in 1913 to critique current practices: “When the Federal Reserve was created, we were under the Gold Standard—and the idea that the Fed could print money and then spend $2.5B on a building… I think that we’ve got a real problem of oversight and excess spending.”   This aligns with sound money ideals, where gold symbolizes disciplined, non-inflationary currency, but he stops short of calling for reinstatement.  Monetary economist Judy Shelton (author of Good as Gold) praised Hassett in July 2025 for referencing the gold standard, noting it as a reminder that “Fed has a lot to answer for” in deviating from that era’s stability.  Hassett views Bitcoin as “digital gold” for its scarcity and hedge qualities—echoing sound money without physical backing. Political/Rights https://twitter.com/amuse/status/1996252623209373754?s=20  created sweeping exemptions covering Afghans who worked for the Taliban during the first regime (1996-2001) and again after August 2021, enabling hundreds of individuals normally barred under terrorism laws to enter the U.S. TRIG waivers skyrocketed to 6,848 in FY 2024, the vast majority for refugees, including 374 Taliban civil servants and more than 3,000 individuals who provided “limited” support to Tier 1 or 2 terror groups. Now, after the ambush killing of a West Virginia National Guard soldier by Afghan national Rahmanullah Lakanwal, critics say Biden knowingly imported massive security risks into American neighborhoods. OUTRAGE: Minneapolis Police Chief Urges Somali Community to Dial 911 on Masked ICE Agents — Promises Cops Will “Intervene” Against Federal Arrests Minneapolis Police Chief Brian O'Hara speaks at a press conference alongside city officials as he urges Somali residents to call 911 on masked individuals Police leadership in Minneapolis is urging the city's Somali community, and other immigrant residents, to call 911 if they spot masked individuals detaining people in their neighborhoods. He urged community members to call 911 if they were unsure whether those enforcing arrests were legitimate law enforcement — and pledged MPD would investigate and log every such call. He did not stop at documentation, however. “If there is anything that is … a violation of someone's human rights or civil rights, excessive force or anything like that, they absolutely have a duty to intervene as police officers,” O'Hara declared. https://twitter.com/libsoftiktok/status/1995956308902879320?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1995956308902879320%7Ctwgr%5E19002c76c52297fc2dd58664d00870448c39f149%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2025%2F12%2Foutrage-minneapolis-police-chief-urges-somali-community-dial%2F Source: thegatewaypundit.com UNREAL: Mayor Jacob Frey Declares He Won't Cooperate With ICE… and Suddenly Starts Speaking Somali to His Audience Mid-Speech Minneapolis far-left Mayor Jacob Frey abruptly shifted a public address into Somali, all while promising that city police will refuse to cooperate with federal immigration enforcement. At a press conference held on Tuesday, Frey stood alongside St. Paul Mayor Melvin Carter, Ward 6 Council Member Jamal Osman, Police Chief Brian O'Hara, and other city leaders, reacting to reports that the federal government is preparing a targeted immigration enforcement operation in Minnesota's Twin Cities. This is not the first time the far-left mayor has drawn backlash from conservatives for switching into Somali during public remarks. Source: thegatewaypundit.com https://twitter.com/DHSgov/status/1995991450530553880?s=20 https://twitter.com/RapidResponse47/status/1995920756203516224?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1995920756203516224%7Ctwgr%5E7752673c29b3a4de82187485d2de8512019722ba%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fredstate.com%2Frusty-weiss%2F2025%2F12%2F02%2Ftim-walz-gets-skewered-by-kristi-noem-over-visa-fraud-warns-minnesota-is-about-to-feel-the-wrath-of-ice-n2196746 https://twitter.com/townhallcom/status/1995918101200703814?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1995918101200703814%7Ctwgr%5E6e01980749bee6d0aabd2036c6c2b51da5cb194a%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fredstate.com%2Fkatie-jerkovich%2F2025%2F12%2F02%2Fpam-bondi-proves-trumps-flipped-script-on-crime-in-us-n2196748 https://twitter.com/DiligentDenizen/status/1996268038895907125?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1996268038895907125%7Ctwgr%5Efc686f6c13365f75910a196f3fa3620a5f168083%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2025%2F12%2Fbreaking-house-oversight-committee-dems-release-never-before%2F https://twitter.com/JoeLang51440671/status/1996022839250461041?s=20 DOGE Geopolitical https://twitter.com/disclosetv/status/1996173544884154529?s=20  https://twitter.com/CynicalPublius/status/1996233719469035734?s=20 https://twitter.com/JimFergusonUK/status/1996175636352700892?s=20  , and even Hezbollah have a presence in South America — and their anchor presence is inside Venezuela.” Let that sink in. 8 million Venezuelans displaced Spillover into Colombia, Brazil, the U.S. Cartels, trafficking networks, and Iranian intelligence embedded in the region Rubio isn't speaking hypothetically — he's confirming what U.S. intel has known for years: Venezuela is no longer just a failed socialist state. It's a forward operating base for Iran and Hezbollah in the Western Hemisphere. This is why the situation is escalating. This is why Trump's ultimatum matters. This is why Maduro's regime cannot be ignored or “managed.” The threat isn't local — it's global. War/Peace https://twitter.com/sentdefender/status/1995724042285056018?s=20  that was left in unsecured parking lot in an industrial area near Burg in Saxony-Anhalt, according to the German Ministry of Defense. https://twitter.com/EricLDaugh/status/1996226688363979160?s=20   the beginning of the war for fossil fuels. Now we’re down to €1.5 billion per month…we aim to bring it down to ZERO.” “This is a good day for Europe and for our independence from Russian fossil fuels — this is how we make Europe resilient.”    “The European Union agreed on Wednesday to phase out Russian gas imports by late 2027 as part of an effort to end the bloc’s decade-long dependency on Russian energy.” – Reuters https://twitter.com/MyLordBebo/status/1996207752134488284?s=20 https://twitter.com/MarioNawfal/status/1996197728167043438?s=20   text does not address our concerns.” Meaning: No legal cover, no political suicide. The plan was simple on paper – use immobilized Russian funds as collateral for loans to keep Ukraine afloat. But Belgium is the custodian of the largest chunk of those assets. If something goes wrong, they're the ones holding the radioactive bag. This isn't some bureaucratic squabble. It's the EU's financing strategy cracking in real time. Prévot's pushback signals the core fear: If Europe touches Russian state money without watertight legal armor, Moscow retaliates – economically, diplomatically, and possibly through countersanctions on European firms. And here's the thing: the Commission thought it had majority backing. Belgium saying “nope” on the morning of rollout is a political body-slam. Happening next? The EU will scramble to rewrite the legal plumbing. Germany and France will pressure Belgium quietly – nobody wants to admit the plan is wobbling. Russia will weaponize the hesitation as proof the West can't agree on how to bankroll Ukraine. And Kyiv? Still waiting for the money that was supposed to be “already there.” Another example of Europe discovering that seizing assets is easy. Using them? That's where the real war begins.    Ursula von der Leyen did not state that she received “permission” from the US to seize Russian assets. In a recent appearance at the GLOBSEC forum, she said that she informed the incoming Trump administration (specifically mentioning a conversation with Treasury Secretary nominee Scott Bessent) about the EU’s proposal to use frozen Russian assets as collateral for a “reparations loan” to Ukraine, and that “it was positively received.” https://twitter.com/briefing_block_/status/1996241939931201801?s=20 https://twitter.com/Dubinsky_pro/status/1996242036417028176?s=20  regime. Now the system is falling apart. Yermak is out. The crackdown is collapsing. Ukraine must release all political prisoners. I call on everyone involved in peace talks to demand this from Zelensky. These people committed no crimes. They were jailed for their faith, political views and demanding peace. Zelensky built a dictatorship – and filled prisons with dissent. I know what I'm talking about: I spent 24 months behind bars under this system. https://twitter.com/MarioNawfal/status/1996231792752287822?s=20  to Brussels to meet Zelensky, the team returned to Washington. No official reason was given, but the message is clear: there's no deal, yet. Putin's warning didn't help. He said Russia is “ready” for war in Europe and claimed any future conflict would be so fierce that “nobody will be left to negotiate with.” This setback casts doubt on whether a negotiated end to the war is possible anytime soon. It also suggests Kyiv isn't ready to engage on Moscow's terms. What's next: Watch for how Ukraine positions itself diplomatically in the coming weeks, and whether Trump's team will try again with a revised proposal. https://twitter.com/MJTruthUltra/status/1996059724173754525?s=20   situation may quickly arise where there is no one left for us to negotiate with” https://twitter.com/Panchenko_X/status/1996192741508645286?s=20  been given the black mark and is seen globally as corrupt. Many Ukrainian politicians are already quietly fleeing to Moscow in an attempt to negotiate. They hope that the Russians and Americans will come and shower everyone with money for the elections. It won’t happen that way. According to my information, the US and Russia are already discussing possible candidates for the position of President. I cannot make the names public. https://twitter.com/TimOnPoint/status/1995949121929138184?s=20   targets is the rule, not the exception. The physical status of possible survivors is not part of the consideration with stand-off weapons. This has been the norm under both Republican and Democrat administrations since the first Hellfire was mounted on a Predator years ago. Anyone who tells you otherwise, is lying or ignorant. The method is ugly, no doubt about it, but there's nothing new here except politics. https://twitter.com/WarClandestine/status/1996006625333727410?s=20 Medical/False Flags https://twitter.com/JoeLang51440671/status/1996048243516456967?s=20 Man in TSA Sues Feds for Not Allowing Him to “Pat Down” Women   A man who says he is a woman is suing the federal government over restrictions in his job at the Transportation Security Administration that do not allow him to “pat down” female travelers. That restriction followed an executive order from President Donald Trump against recognizing transgenderism claims in the federal government. The claim being made by Mittereder is that the policy violates federal civil rights law. According to the report on the recently filed lawsuit, Mittereder began working at the TSA in 2024 and now is stationed at Dulles International Airport in Virginia. He claims because he is not allowed to pat down women, his job prospects are being hurt. Source:  thelibertydaily.com  [DS] Agenda https://twitter.com/TheLastRefuge2/status/1996069477197451483?s=20   questioning people (McCord, Wolfe, Jones, Warner and various staff), not merely discussing them. Rather than talk about what XXX is doing, or what motivates XXX, they would simply be going to XXX asking questions (on/off camera) and then reporting on what XXX responds with. Instead, what we are getting is a screenplay, that the ‘journalists’ (battle for influence) sell through various platforms. From here on out when I see it, I will draw attention to it. After a few examples it will become obvious. https://twitter.com/LauraLoomer/status/1996183770790048092?s=20  1, 2025, Maxine's California residence remains in default with a redemption amount still due totaling $21,302.95, despite her recent payment of $19,033.94 on August 13, 2025. Maxine also is incurring a monthly penalty of $301.45. Maxine is not competent to serve as the ranking member on the House Financial Services Committee when she cannot even keep her own house in order. https://twitter.com/SBA_Kelly/status/1995846331202457607?s=20   executives implicated in these schemes. Despite Governor Walz's best efforts to obstruct, SBA continues to work to expose abuse and hold perpetrators accountable, full stop. https://twitter.com/GOPoversight/status/1996237594514915451?s=20 https://twitter.com/TonySeruga/status/1996226960393957435?s=20 https://twitter.com/IlhanMN/status/1995957774510162165?s=20 https://twitter.com/almostjingo/status/1996051371251155359?s=20 https://twitter.com/elonmusk/status/1996222235783401610?s=20 So all of these people were installed. https://twitter.com/amuse/status/1996195848087384084?s=20 https://twitter.com/disclosetv/status/1995934359569007036?s=20 President Trump's Plan https://twitter.com/StateDept/status/1996218048458490302?s=20   imminent threat to the world and to the broader West, but especially the United States who they identify as the chief source of evil on the planet.” https://twitter.com/elonmusk/status/1996213829802307948?s=20  that received benefits more than twice – multiple people received benefits in 6 states – In February, for the first time ever, the Federal Government asked for alls rates to turn over their data to root out the fraud. —— 29 Red states said yes —— 21 Blue states said no “So as of next week, we have begun and will begin to stop moving federal funds into those states until they comply. California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Vermont, Virginia, Washington https://twitter.com/MediasLies/status/1996279507079008317?s=20   states already share the data with zero privacy disasters. – USDA's own audits show $10–15 billion a year in improper payments and fraud. – The “court order” she keeps citing is a preliminary injunction, not a final ruling. Refusing basic federal oversight of a fully federally funded program isn't about privacy. It's about protecting bloated rolls and hiding waste. BREAKING: In Stunning Development, President Trump Issues Full and Unconditional Pardon to Texas Democrat Rep. Henry Cuellar  Biden's DOJ charged Cuellar, a nine-term Democrat Texas lawmaker who represents an area along the US-Mexico border, after he lashed out at both Joe Biden and Kamala Harris for allowing illegal aliens to pour over the border.    the TRUTH. It is unAmerican and, as I previously stated, the Radical Left Democrats are a complete and total threat to Democracy! They will attack, rob, lie, cheat, destroy, and decimate anyone who dares to oppose their Far Left Agenda, an Agenda that, if left unchecked, will obliterate our magnificent Country. Because of these facts, and others, I am hereby announcing my full and unconditional PARDON of beloved Texas Congressman Henry Cuellar, and Imelda. Henry, I don't know you, but you can sleep well tonight — Your nightmare is finally over! Source: thegatewaypundit.com https://twitter.com/MarioNawfal/status/1996053923820351745?s=20  despite recent disagreements: Senator Paul: “I know we have been at odds recently but in ur first term you signed an executive order to legalize Association Health Plans (that allow individuals to buy collectively health insurance via Costco, Amazon, or Sam’s Club). This collaboration brought us together and still holds the promise of lowering insurance premiums.” Paul noted the plan failed because Democrat AGs fought it in court, but it could now pass through Congress. Here’s why this matters: the current system forces individuals to buy insurance alone, giving them zero bargaining power against massive insurance companies. Association Health Plans let people band together through retailers or organizations to negotiate as a group, the same way large corporations do for their employees. More buyers in a pool means more leverage. More leverage means lower premiums. It costs nothing to implement and simply changes labor law. Competition works. Let Americans shop for insurance the same way they shop for everything else. https://twitter.com/EliseStefanik/status/1995856738994565416?s=20  Raskin against Trump Republicans to block this provision to protect the deep state. This is an easy one. This bill is DOA unless this provision gets added in as it was passed out of committee https://twitter.com/FBIDDBongino/status/1996205447917781326?s=20 -The Director and I made a long series of important personnel changes. The new leadership team has produced dramatic results which we will produce for you, in detail, as the year wraps up. They will include a historic drop in the homicide rate, along with record disruptions, arrests and drug interdictions. Many of these personnel changes have upset a group of Comey-Wray era disgruntled former agents who prefer the old ways of operating. We are not going back -We have been working on an AI project to assist our investigators and analysts in the national security space. I received an update yesterday and I am happy to report that the product looks promising. More coming on this. – We are in the end stages of a redesign of the FBI crisis management process. The redesign is intended to make information more accessible and transparent in a crisis to enable quick and effective decision making. The project should be complete by the end of the calendar year. -We saved the taxpayers billions of dollars by scrapping the plan for an expensive new FBI headquarters building. We will be moving to the existing Reagan building after decades of fruitless haggling as the current FBI headquarters building crumbles. -We relocated over a thousand headquarters based personnel out of the Washington DC area and into the field to focus on violent crime, crimes against children, and terrorism. Those agents are now working on the mission in those regional offices. -In recognition of the growing threat, and in conjunction with the President's Executive Order, we designed, launched and completed the FBI's first-ever counter-drone school last month. Special thanks to Sebastian Gorka and DDCOS Regan for their help on the project. -The work force apprehended 4 of the FBI's 10 most wanted fugitives, and we are hunting down the rest. -We produced unprecedented disclosures, and took action on documents related to January 6, Crossfire Hurricane, Arctic Frost, and more. -The new leadership team, and the work force, made a series of ANTIFA related arrests in multiple states and assisted in record numbers of deportations and apprehensions. -Some of the culture changes we implemented include eliminating DEI, reforming the physical fitness test, making promotions contingent on real world results, severing ties with the SPLC and ADL, and implementing a new training curriculum to reflect current mission requirements. We dedicated significant personnel and financial assets to streamlining FOIA reform to ensure responsiveness. -We shut down multiple open air drug markets nationwide and, in conjunction with the White House, had 12 fentanyl precursors from China listed. -We created CIO and CTO positions to work with the CFO to find efficiencies and implement new technologies to assist in our mission. We conduct bi-weekly meetings and we have found and eliminated tens of millions of dollars in duplicative contracts, unnecessary real estate, and outdated technology. These are real savings to the taxpayer and each budget dollar allocated is intensely scrutinized for value. -We vastly expanded the overseas biometrics program to stop bad actors before they board a plane or vessel to the US. This gives us the ability to expand the border outwards and prevent the problems from coming here. -We are in the end stages of a reform project on our intelligence analysis positions to make them more responsive to current mission needs. We have been working with the field on this and we're happy with the progress. -We implemented a technology working group to ensure our technology tools evolve with the mission. Thank you, and God bless America and all those who defend Her.  https://twitter.com/WhiteHouse/status/1995992366553981026?s=20 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");

Trader, writer, and Spicy Italian Meatball (!!) Vince Lanci returns to the podcast to close the loop on our now three-year financial & geopolitical bromance which began with the help of the equally great, but not nearly as spicy Tom Bodroviks then of Palisades Gold Radio and now Competent Investor, when we first discussed the idea of Gold-backed US Treasury bonds, as promoted by Judy Shelton.Vince and I cover the implications for the further coalescing of a Russian / Chinese / American currency and bond trade which combines the best that all three countries have to offer to a world which cuts out the City of London, Brussels, the BIS, and, of course, Davos.It's a wild ride.... Vince never disappoints.Show Notes:Vince on XVBL's GoldFixTom on XGGnG on Patreon 

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  Breaking down the truth about inflation, jobs, and why Trump's economic team is getting it wrong — plus the one person who could fix it all: Judy Shelton.In this episode:The real reason inflation might finally tick down (hint: it's not policy)Why small businesses are hurting while big corporations surviveHow tariffs are quietly crushing hiring and growthThe insane debt addiction that's stealing from our kids' futuresAnd why Judy Shelton — not another yes-man — could rebuild America's economy for realWe don't need another cheerleader. We need an adult in the room who understands money, debt, and reality.

BUY THE REPLAY of the full Thoughtful Money conference here at https://thoughtfulmoney.com/conferenceWell, the Fall Thoughtful Money conference was held online this past weekend and I'm delighted to say the event was a real success.That was due primarily to the amazing line-up of speakers who presented and took live audience Q&A throughout the insight-packed 11-hour day.Lacy Hunt delivered the keynote, followed by Stephanie Pomboy & Grant Williams, Michael Howell, Darius Dale, Sven Henrich, Andy Schectman, James Grant, Danielle DiMartino Booth, Judy Shelton, Michael Every, David Hay, Lyn Alden, Melody Wright, Craig Wichner, New Harbor Financial and Jonathan Wellum. And Jeff Clark provided a bonus video focused on gold & silver mining stocks.For those of you who didn't attend, I thought you'd enjoy hearing some of the conference highlights.You can also lock in your Early Bird ticket price to our Spring 2026 online conference at 0% inflation at https://thoughtfulmoney.com/2026#recession #investing #marketcorrection_____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.

Jim Bianco, president of Bianco Research, returns to The Julia La Roche Show for episode 297 for an in-studio appearance. Bianco argues the Fed is making a policy error by cutting rates when financial markets are at all-time highs across the board—stocks, gold, bonds, M2, and home prices. He explains that job creation has slowed from 158,000 to 29,000 per month not because the economy is weak, but because immigration has essentially stopped, reducing population growth to an 80-year low—meaning 29,000 jobs may actually be appropriate. Bianco warns that cutting rates in this environment risks recreating inflation through two key channels: tariffs (average rates up 6x to 17-18%) and remote work (giving labor more power to demand higher wages). He sees dangerous concentration in AI stocks (41 companies representing 47% of S&P 500 market cap) reminiscent of late-1990s bubble dynamics, with aggressive retail buying and passive flows creating mispricing that could end badly when the "buy the dip" mentality finally breaks.This episode is sponsored by Monetary Metals. Visit monetary-metals.com/juliaLinks: BiancoResearch.com BiancoAdvisors.com x.com/biancoresearch 0:00 Welcome Jim Bianco - first in-person episode0:27 Big picture macro view1:18 Jobs market slowdown - 158K to 29K jobs/month2:18 Immigration and population growth collapse3:04 How many jobs should we be creating?4:34 Is the Fed making a policy error by cutting?6:35 Risk of recreating inflation with rate cuts7:28 Tariffs update - average rate up 6x to 17-18%9:00 Remote work as inflation driver10:32 Labor power shift and wage pressure13:00 Where will new workers come from?15:00 What would you ask Jay Powell at FOMC?17:05 What problem does cutting rates actually fix?18:15 Market behavior - everything going up19:08 The 60/40 portfolio debate20:00 Passive bid and perpetual motion machine21:25 Retail buying the dip aggressively23:02 AI concentration - 41 companies = 47% of market cap25:00 Data center overbuilding risk25:59 Opening your statements - everything looks great27:28 Top 10% making 50% of all income29:21 Inflation destroys cultures and economies30:00 Would you trade higher unemployment for lower inflation?33:17 Inflating our way out of debt problem34:19 Jay Powell's "do your patriotic duty" speeches in 202236:23 Story of interviewing for Fed Governor position39:11 Judy Shelton coming up one vote short41:28 Who will be next Fed Chair?42:51 Why Kevin Hassett is the leading choice45:30 Where to find Jim's work and the WTBN ETF

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comBefore we begin today's piece, let me flag this video I made based on my recent article about Triffin's Dilemma. 13 mins long and hopefully worth the effort. Might be the most important thing you watch this week.With all the narratives that come with a gold bull market - and also a bitcoin bull market - that we're heading to some kind of money reset, the dollar or the pound is going to collapse, we are going to end up on a gold or bitcoin standard and so on - you have an end goal. The bull market will continue until we reach that eventuality.However, I doubt very much we go back to a gold standard. Yes, gold's role as reserve asset increases, ditto bitcoin, but I don't see a return to the gold standards of the 19th or 20th century. Much more likely is a Hayekian world of competing currencies.The 20th century gold standards were bogus anyway - which is why they failed. There was no gold in circulation. Americans weren't allowed to own it. When Britain returned to a gold standard in 1925, the British government ensured there was little gold actually circulating. It minted zero gold coins, while the Bank of England hoarded what it already had. ( It's all in the book, if you're interested).The Secret History of Gold is available to at Amazon, Waterstones and all good bookshops. I hear the audiobook, read by me, is excellent. Amazon is currently offering 20% off.There was plenty of gold in circulation under the gold standards of the 19th century, but we are not going back to them because we barely use physical cash any more. We are not going to pay for physical things with gold or silver coins in the way we once did.It might be that China gives the yuan some gold backing, and makes its (digital) notes interchangeable with gold, but I find that unlikely. It might also be that gold backing is used to make US Treasuries more attractive, as economist Judy Shelton, former advisor to Donald Trump, has proposed.Again, though possible, I would give it a low probability.The gold bull markets of the 1970s and 2000s did not end with gold standards. I doubt this one will. A gold standard is a political ideal. Real life is a lot more mucky.Unlike gold, gold bull markets do not last forever, any more than tech or any other kind of bull markets do.And this bull market is getting hot. That's for sure. Gold is at $3,700/oz. While the mainstream press are not really covering it, there has been a definite change in tone online. Silver is starting to lead. Gold miners are starting to deliver.Towards the end of previous gold bull markets, I usually get invited on to the BBC to talk about gold. Massive name drop, I was actually fraternising with BBC Director General, Tim Davie, this week - enough to get a selfie at least - but I am currently so far from being invited on to the BBC, whether for my satirical songs or for my market commentary - even with a new book on gold just out - that I believe we are a way from that.(In another age, I would have been a fixture on BBC radio. I have got the voice. I have got the intellect. But obviously, wrong age, wrong sex, wrong colour and all of that. Wrong views too).Anyway, back to more important matters.Things got hot and spicy with gold in the spring, as we warned, not unlike now. But we didn't feel it was the top. We just needed to go sideways for a few months, which we have.With physical gold, especially if you live in a Third World country like the UK, there is a strong argument never to sell. Even during gold's bear market (2011-2020), gold was a brilliant hedge against woeful sterling.If you buying gold or silver to protect yourself in these “interesting times” - and I urge you to - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.You could just hold your gold and then pass it on to your heirs. Bitcoin's the same. But then again you might want the money for something else.In the 1970s gold went from $35/oz (an artificially low price due to US suppression) all the way to $850/oz.But that $850 mark was just as much an illusory price. Though it has been logged in people's minds for decades ever since, the reality is it reached that price during one spike on one afternoon. The Cold War was looking grim: the Soviet Union had just invaded Afghanistan a month before. The Iranian hostage crisis was making everyone panic (the hostages were released the day before the spike). It was the day after US President Ronald Reagan had been inaugurated. Nobody yet knew what a success he was going to be. There was an ongoing and severe crisis in the US bond markets, which had sent interest rates above 10%.In other words, there was a lot going on. And yet gold only hit $850 for an afternoon. Hardly anyone sold the top of that spike.The launch to $850 gold began in December 1979 with that Soviet invasion. Gold broke above $450. The day after the spike, gold collapsed like a stone. By March it was below $500.Gold then did something you commonly see at the end of bull markets. The Nasdaq did something similar in 2000. Silver did it in 2011. It rallied. That rally persuaded people the bull market was still on. It was a suckers' rally.But the retest did not even make it back to the old high. It was a lower high, in other words.Then the relentless declines kicked in. By 1982 - 18 months later - gold was at $300/oz. It then spent the next 20 years - 20 years! - trading between $300 and $400, before eventually hitting a low in 1999 at $250/oz, when Gordon Brown sold. Idiot.My point is that in 1980 it looked to some like a return to gold standards was coming. The US had only abandoned gold 9 years earlier - and, in President Nixon's words, temporarily. Gold was still normal in people's minds. But the gold standard never came and gold was a rotten investment for 20 years.2011, by the way, was not of 1980 standards but the price still shot from $1,500 to $1,920 in a couple of months with the Greek debt crisis. There followed another gruesome bear market which saw gold go all the way back to $1,050.There is so much anti-dollar sentiment out there now, it might be that everything turns on its head - as things are wont to do - and we get a dollar rally.I recognise that things are looking frothy. Anytime silver starts doing well, that is usually a warning sign.A lot of American commentators like to use the baseball analogy. I would suggest maybe we are in inning six of nine. Something like that, possibly.So when to sell?

This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comBefore we begin today's piece, let me flag this video I made based on my recent article about Triffin's Dilemma. 13 mins long and hopefully worth the effort. Might be the most important thing you watch this week.With all the narratives that come with a gold bull market - and also a bitcoin bull market - that we're heading to some kind of money reset, the dollar or the pound is going to collapse, we are going to end up on a gold or bitcoin standard and so on - you have an end goal. The bull market will continue until we reach that eventuality.However, I doubt very much we go back to a gold standard. Yes, gold's role as reserve asset increases, ditto bitcoin, but I don't see a return to the gold standards of the 19th or 20th century. Much more likely is a Hayekian world of competing currencies.The 20th century gold standards were bogus anyway - which is why they failed. There was no gold in circulation. Americans weren't allowed to own it. When Britain returned to a gold standard in 1925, the British government ensured there was little gold actually circulating. It minted zero gold coins, while the Bank of England hoarded what it already had. ( It's all in the book, if you're interested).The Secret History of Gold is available to at Amazon, Waterstones and all good bookshops. I hear the audiobook, read by me, is excellent. Amazon is currently offering 20% off.There was plenty of gold in circulation under the gold standards of the 19th century, but we are not going back to them because we barely use physical cash any more. We are not going to pay for physical things with gold or silver coins in the way we once did.It might be that China gives the yuan some gold backing, and makes its (digital) notes interchangeable with gold, but I find that unlikely. It might also be that gold backing is used to make US Treasuries more attractive, as economist Judy Shelton, former advisor to Donald Trump, has proposed.Again, though possible, I would give it a low probability.The gold bull markets of the 1970s and 2000s did not end with gold standards. I doubt this one will. A gold standard is a political ideal. Real life is a lot more mucky.Unlike gold, gold bull markets do not last forever, any more than tech or any other kind of bull markets do.And this bull market is getting hot. That's for sure. Gold is at $3,700/oz. While the mainstream press are not really covering it, there has been a definite change in tone online. Silver is starting to lead. Gold miners are starting to deliver.Towards the end of previous gold bull markets, I usually get invited on to the BBC to talk about gold. Massive name drop, I was actually fraternising with BBC Director General, Tim Davie, this week - enough to get a selfie at least - but I am currently so far from being invited on to the BBC, whether for my satirical songs or for my market commentary - even with a new book on gold just out - that I believe we are a way from that.(In another age, I would have been a fixture on BBC radio. I have got the voice. I have got the intellect. But obviously, wrong age, wrong sex, wrong colour and all of that. Wrong views too).Anyway, back to more important matters.Things got hot and spicy with gold in the spring, as we warned, not unlike now. But we didn't feel it was the top. We just needed to go sideways for a few months, which we have.With physical gold, especially if you live in a Third World country like the UK, there is a strong argument never to sell. Even during gold's bear market (2011-2020), gold was a brilliant hedge against woeful sterling.If you buying gold or silver to protect yourself in these “interesting times” - and I urge you to - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.You could just hold your gold and then pass it on to your heirs. Bitcoin's the same. But then again you might want the money for something else.In the 1970s gold went from $35/oz (an artificially low price due to US suppression) all the way to $850/oz.But that $850 mark was just as much an illusory price. Though it has been logged in people's minds for decades ever since, the reality is it reached that price during one spike on one afternoon. The Cold War was looking grim: the Soviet Union had just invaded Afghanistan a month before. The Iranian hostage crisis was making everyone panic (the hostages were released the day before the spike). It was the day after US President Ronald Reagan had been inaugurated. Nobody yet knew what a success he was going to be. There was an ongoing and severe crisis in the US bond markets, which had sent interest rates above 10%.In other words, there was a lot going on. And yet gold only hit $850 for an afternoon. Hardly anyone sold the top of that spike.The launch to $850 gold began in December 1979 with that Soviet invasion. Gold broke above $450. The day after the spike, gold collapsed like a stone. By March it was below $500.Gold then did something you commonly see at the end of bull markets. The Nasdaq did something similar in 2000. Silver did it in 2011. It rallied. That rally persuaded people the bull market was still on. It was a suckers' rally.But the retest did not even make it back to the old high. It was a lower high, in other words.Then the relentless declines kicked in. By 1982 - 18 months later - gold was at $300/oz. It then spent the next 20 years - 20 years! - trading between $300 and $400, before eventually hitting a low in 1999 at $250/oz, when Gordon Brown sold. Idiot.My point is that in 1980 it looked to some like a return to gold standards was coming. The US had only abandoned gold 9 years earlier - and, in President Nixon's words, temporarily. Gold was still normal in people's minds. But the gold standard never came and gold was a rotten investment for 20 years.2011, by the way, was not of 1980 standards but the price still shot from $1,500 to $1,920 in a couple of months with the Greek debt crisis. There followed another gruesome bear market which saw gold go all the way back to $1,050.There is so much anti-dollar sentiment out there now, it might be that everything turns on its head - as things are wont to do - and we get a dollar rally.I recognise that things are looking frothy. Anytime silver starts doing well, that is usually a warning sign.A lot of American commentators like to use the baseball analogy. I would suggest maybe we are in inning six of nine. Something like that, possibly.So when to sell?

LOCK IN THE EARLY BIRD PRICE DISCOUNT FOR THE THOUGHTFUL MONEY FALL CONFERENCE AT https://thoughtfulmoney.com/conferenceIn today's video, we discuss a new chart showing the top 1% running away with America's wealth.This is massive challenge facing our society. Some would call it a calamity.At what point does the bottom 90% hit its breaking point?And what can we, as individuals, do to decrease our odds of coming out of the wrong side of this growing wealth disparity?We discuss that in today's video, as well offically announce the upcoming Thoughtful Money Fall online conference on Saturday, October 18th. To lock in your ticket at the Early Bird price discount (our lowest), go to https://thoughtfulmoney.com/conference#wealthgap #wealthinequality #fourthturning _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.

Can America escape the dangers of runaway debt with a return to "honest money"? Watch economist Dr. Judy Shelton and Kevin Freeman tackle rising inflation, dangerous fiscal policies, and how gold-backed Treasury bonds could restore real value to our currency. Discover how Texas and other states are leading a new charge for sound money, inspired by constitutional principles and economic freedom. Don't miss their practical road map to protect your savings and challenge the status quo!

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger Picture Trump is in the process of shutting down solar and wind green new scam programs. The latest is a wind farm. Trump has cancelled EV subsidies, EV companies have been losing money.There are two economic systems running at the same time. The people feel the pain from the [CB], the feel relief from Trump new system. The fake news only reports on the [CB] failing economy. The [DS] criminal syndicate is coming to an end, the people are being educated on who the real enemy is. More crimes are going to be released to build upon the Russia hoax, this will allow people to understand that this was not just a one off occurrence. When a republic is corrupted there is only one path, it must be destroyed.A corrupt system can not be remedied, a band-aid fix will not work. Trump is in the process of bringing down the entire corrupt system down on the [DS] players.   Economy https://twitter.com/EricLDaugh/status/1953096256063947004   crusade against wind power. https://twitter.com/DC_Draino/status/1952901098559197522   https://twitter.com/profstonge/status/1953055955219832941   https://twitter.com/EricLDaugh/status/1952819368854774265   comes as Trump is reportedly planning an EXECUTIVE ORDER going after banks for this conduct. Lay down the hammer, 47. It has to stop. https://twitter.com/KobeissiLetter/status/1952869476455616938  outpaced inflation. Since 2000, hospital services, college tuition, and housing prices have surged by 271%, 194%, and 108%, respectively. By comparison, overall inflation has risen 90%. Essential expenses are eating up more income than ever. https://twitter.com/KobeissiLetter/status/1953068614250004927   +$27 billion, to $1.21 trillion, just shy of an all-time high. Student and auto loans climbed +$7 billion and +$13 billion, to $1.64 trillion and $1.66 trillion, respectively, both hitting records. Americans are piling on debt. https://twitter.com/disclosetv/status/1953114624468930903 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Trump Warns Europe 35% Tariff Looms If They Fail to Keep Their Word on Investments U.S. President Donald Trump issued a warning that Europe would be subjected to a punitive trade tariff if it attempted to welch on its promise to invest in the American economy. The European Union will “pay tariffs of 35 per cent” if it breaks the conditions of the massive Europe-U.S. trade deal agreed last month, President Trump said. The warning, which was solicited by a question about what safeguards are built into his trade deal with the European Union from CNBC in their interview with the President on Tuesday morning, also saw Trump lay out some of the basics of the agreement Source: breitbart.com https://twitter.com/KobeissiLetter/status/1952836839964065873 The two Kevins Trump referred to in his CNBC interview are Kevin Warsh, a former Federal Reserve governor, and Kevin Hassett, who currently serves as director of the National Economic Council. Based on reporting about his shortlist of four finalists, the other two contenders are Christopher Waller, a current Fed governor, and Judy Shelton, a former Trump economic advisor. Trump confirmed that Treasury Secretary Scott Be...

8/4/2025 PODCAST Episodes #2087 GUESTS: Dave Brat, Dr. Kelly Victory + YOUR CALLS! at 1-888-480-JOHN (5646) and GETTR Live! @jfradioshow #GodzillaOfTruth #TruckingTheTruth

WarRoom Battleground EP 817: Suspicion Of Central Banks: A Review With Judy Shelton

Judy Shelton joins the show to talk about the banking business and how it affects your wallet Learn more about your ad choices. Visit megaphone.fm/adchoices

Natalie Brunell is joined by renowned economist and monetary scholar Judy Shelton, former advisor to President Trump and outspoken advocate for sound money. Judy shares her deep insights on the Federal Reserve, gold-backed monetary policy, and the future of economic stability in the U.S. and abroad. She also reflects on her controversial Fed nomination, the collapse of Bretton Woods, and her views on Bitcoin as a potential reserve asset. Topics discussed include: Why Judy Shelton believes the Fed is unaccountable and whether it can be reformed The case for returning to sound money principles  Her proposal for gold-backed U.S. Treasury bonds How marking gold to market could address national debt The collapse of the Bretton Woods system and lessons from it Currency manipulation, trade imbalances, and tariffs The rise of Bitcoin and how it compares to gold Why her Fed nomination was blocked and what it revealed The future of the dollar as a global reserve currency How alternative currencies like Bitcoin could restore market integrity ---- This interview provides a powerful look at fixing or replacing today's broken monetary system. Guest Bio: Judy Shelton is a former economic advisor to President Trump, and a Senior Fellow at the Independent Institute and the author of "Good as Gold: How to Unleash the Power of Sound Money." She is known for her advocacy for a return to the gold standard, and for her criticisms of the Federal Reserve. President Trump nominated Shelton to the Fed in 2019. She holds a Ph.D. in business administration, with an emphasis on finance and international economics, from the University of Utah. Follow Judy on X at https://x.com/judyshel  ---- Coin Stories is powered by Bitwise. Bitwise has over $10B in client assets, 32 investment products, and a team of 100+ employees across the U.S. and Europe, all solely focused on Bitcoin and digital assets since 2017. Learn more at https://www.bitwiseinvestments.com  ---- Natalie's Bitcoin Product and Event Links: Secure your Bitcoin with collaborative custody and set up your inheritance plan with Casa: https://www.casa.io/natalie  Block's Bitkey Cold Storage Wallet was named to TIME's prestigious Best Inventions of 2024 in the category of Privacy & Security. Get 20% off using code STORIES at https://bitkey.world   Master your Bitcoin self-custody with 1-on-1 help and gain peace of mind with the help of The Bitcoin Way: https://www.thebitcoinway.com/natalie  For easy, low-cost, instant Bitcoin payments, I use Speed Lightning Wallet. Get 5000 sats when you download using this link and promo code COINSTORIES10: https://www.speed.app/sweepstakes-promocode/  Safely self-custody your Bitcoin with Coinkite and the ColdCard Wallet. Get 5% off: https://store.coinkite.com/promo/COINSTORIES  River is where I DCA weekly and buy Bitcoin with the lowest fees in the industry: https://partner.river.com/natalie   Earn 2% back in Bitcoin on all your purchases with the Gemini credit card: https://www.gemini.com/natalie   Bitcoin 2025 is heading to Las Vegas May 27-29th! Join me for my 4th Annual Women of Bitcoin Brunch! Get 10% off Early Bird passes using the code HODL: https://tickets.b.tc/affiliate/hodl/event/bitcoin-2025    Protect yourself from SIM Swaps that can hack your accounts and steal your Bitcoin. Join America's most secure mobile service, trusted by CEOs, VIPs and top corporations: https://www.efani.com/natalie   Your Bitcoin oasis awaits at Camp Nakamoto: A retreat for Bitcoiners, by Bitcoiners. Code HODL for discounted passes: https://massadoptionbtc.ticketspice.com/camp-nakamoto   ---- This podcast is for educational purposes and should not be construed as official investment advice. ---- VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories #money #Bitcoin #investing

Listen in to Steve's enlightening conversation with Judy Shelton about the U.S. economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this explosive episode of Soar Financially, Dr. Judy Shelton—former economic advisor to President Trump and Senior Fellow at the Independent Institute—joins us to deliver a sharp critique of the Federal Reserve and propose bold reforms that could reshape the global financial system.We unpack the true role of the Fed, gold-backed bonds, currency manipulation, Bretton Woods 2.0, and how to restore monetary integrity in America.-Why is the Fed too powerful?- Could gold-backed 50-year bonds anchor the dollar?- And is the U.S. actually “cheating” in global markets?#Gold #federalreserve #goldstandard ------------

Dr. Judy Shelton, former presidential economic advisor and author of the recently released book "Good As Gold" joins Silver Bullion Television host Patrick Vierra. Dr. Shelton brings you a high impact interview leaving us with the conclusion of how the stakes could not be higher with all that is current. Can gold once return as a backing of the US dollar? Can gold stop currency manipulation? What will the impact of tariffs be? Dr. Judy Shelton will answer these questions and more in a thought provoking interview that you will not want to miss. Watch it here and watch it now.

Listen in to Steve's enlightening conversation with Judy Shelton about the U.S. economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

From tariffs to tax cuts to de-regulation to budget reductions to a potential sovereign wealth fund, the new Trump administration is moving aggressively to redesign the way America finances itself.Are these much-needed reforms that will put the American economy on a more secure & sustainable footing?Or could they risk resulting in misguided chaos?To find out, today we have the great fortune to welcome to the program Dr Judy Shelton, economist, author, Senior Fellow at the Independent Institute and the author of Good as Gold How to Unleash the Power of Sound Money.She's a particularly qualified expert on today's topic because she served as an economic advisor to President Trump during his first term, and was nominated by him in 2020 for the Federal Reserve.BUY YOUR TICKET FOR OUR MARCH 15 CONFERENCE at https://thoughtfulmoney.com/conference

Craig Hemke, Editor of TF Metals Report, joins us to discuss a number of macroeconomic factors from the revised GDP estimate lower, the weakness in manufacturing, tariff policies, sticky inflation, and the ever-increasing US debt issue that are creating the stagflationary environment of desperation in front of a potential recession and the impetus from this administration to make some big financial change... and it may involve gold.   There has been so much news circulating lately from the Trump administration that has financial media speculating about the potential to revalue assets on the US balance sheet, possibly including the price gold is valued at.  There are opinion pieces citing that all the tariffs going into place; and that they may be more than just a bargaining chip.  Some outlets and pundits have proposed the real motivation behind these tariffs is that they are actually a way to bring funds into the federal government through that form of taxation, which could allow for faster debt repayment or even the formation of a sovereign wealth fund.  The debate on the sovereign wealth fund comes down to where the necessary money will actually come from to create it. Then as far as what to buy with the sovereign wealth fund, many are proposing that it could include either gold, energy assets, Greenland, or even bitcoin.    Craig then touches up the proposed idea from Judy Shelton back in 2018, which is circulating once again, where the US could sell long-dated 50-year or 100-year bonds that are indexed or redeemable in gold to make them more attractive.  With so many ideas being thrown out as potential solutions, it does have many investors wondering if this administration is on the cusp of announcing some radical financial proposal.   He points out that most of the ideas are very bullish for the precious metals.   Click here to visit Craig's website – TF Metals Report

The discussion focused on the status of gold reserves at Fort Knox and their economic implications. Craig Hemke raised concerns about the purity of the gold stored, suggesting that much of it may be only 90% pure, which contrasts with the current standard of 99.99%. They referenced the historical context of gold confiscation in 1933 and speculated on potential government responses if the vault were found empty, with Lutz concluding that such a revelation could trigger a global economic crisis. The conversation also delved into the implications of revaluing gold and its effects on fiat currencies. Hemke explained the historical backing of the U.S. dollar with gold and noted the loss of significant reserves in the late 1950s. They discussed current efforts to repatriate gold to the U.S. and the challenges posed by tariffs on gold movement. Additionally, they examined the concept of gold-backed bonds proposed by Judy Shelton, considering the fiscal challenges facing the U.S. and the potential interest rates needed to attract investors. Further topics included the economic landscape surrounding cryptocurrencies like Dogecoin and Bitcoin, with Hemke expressing skepticism about their real impact amid significant government spending and projected deficits. They discussed the inverted yield curve as an indicator of a potential recession and the implications for gold prices, predicting continued strong demand due to central bank purchases. The conversation concluded with a critique of government spending practices, highlighting concerns about inefficiency and lack of accountability in the federal budget. Find Craig here: https://tfmetalsreport.com Find Kerry here: http://financialsurvivalnetwork.com/ and here: https://inflation.cafe

Dr. Judy Shelton, senior fellow at the Independent Institute and author of "Good as Gold: How To Unleash The Power of Sound Money," explains why the U.S. stands at a monetary crossroads requiring fundamental reform. She critiques the Federal Reserve's practice of paying banks billions not to lend, the distortionary effects of currency manipulation in international trade, and the moral implications of a 2% inflation target that systematically erodes savings. Shelton argues for auditing the Fed, restoring accountability, and considering gold-linked bonds as a path toward sound money, which she describes as a foundational element of economic liberty consistent with America's founding principles.Sponsor: This episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Links: Book: https://www.independent.org/store/book.asp?id=143X: https://x.com/judyshel0:00 Introduction of Dr. Judy Shelton1:01 Overview of monetary crossroads and need for reform4:23 Discussion of needed monetary reforms and Fed critique6:36 Analysis of Fed's interest rate mechanism8:58 Explanation of Fed payments to financial institutions11:25 International monetary impacts and currency distortions13:34 Sound money as moral contract and possibility16:31 Historical support for gold standard from past presidents19:56 Critique of Fed's 2% inflation target22:09 Question about Fed serving public interest25:03 Central bank accountability issues27:51 Gold-linked bonds proposal30:22 Closing remarks and where to find her work

Tom Bodrovics welcomes back Tom Luongo, Tom is the producer of the Gold, Goats and Guns newsletter and blog, editor at Newsmax Ultimate Wealth Report, and contributor to Financial Intelligence Report. The Tom's discuss the significant developments during Trump's first term, judge appointments, and Europe's economic instability. Luongo reflects on the impact of Trump's appointment of conservative judges and the Democrats' efforts to maintain control in certain jurisdictions. He discusses Europe's economic collapse, with concerns about the Euro's free fall, instability in the UK, US-German bond spreads, and tensions between the US and Russia. Luongo discusses Trump's options regarding a weaker dollar through protection tariffs, deregulation, and lower cost of capital. He explores market volatility due to central bank interventions and speculates on the implications of inflation, political tensions, and changes in power in Canada. Regarding oil, Luongo critiques undervalued prices and their impact on various economic aspects. He shares his thoughts on Judy Shelton's idea involving gold as collateral on the yield curve as a potential solution to the country's fiscal crisis. Luongo encourages listeners to focus on solutions rather than problems and discusses differences in economic policies under Powell-led Federal Reserves between Trump and Harris administrations. He expects that 2025 will be a new type of crazy. Timestamp References:0:00 - Introduction1:00 - Trumps 2nd Term11:07 - Euro Collapse Effects20:02 - Trump & Weaker Dollar27:56 - Dollar Assets & Markets39:46 - Views On America49:00 - DOGE & Reforming Gov't59:20 - Commodity Nations1:05:35 - Inflation & Trump?1:18:00 - Powell's Actions1:21:18 - Restructuring NATO?1:25:24 - Peak Oil & Incentives1:31:56 - Judy Shelton & Gold1:36:50 - Gold Redemptions?1:44:55 - Derailing Trump1:51:29 - 2025 A New Crazy1:55:00 - Wrap Up Talking Points From This Episode Trump's first term marked by conservative judge appointments influencing the court system. Europe's economic instability causing concerns, potential impact on US investors, and tensions with Russia. Tom advocates for America to save money through reducing overseas spending, closing military bases, and accepting losses. Guest Links:Website: https://tomluongo.meTwitter: https://twitter.com/TFL1728Patreon: https://www.patreon.com/GoldGoatsNGunsCornerstone Forum: https://www.showpass.com/cornerstone25/ Tom Luongo is a Former Research Chemist, Amateur Dairy Goat Farmer, Anarcho-Libertarian, and Obstreperous Austrian Economist whose work can be found on sites like ZeroHedge, Lewrockwell.com, Bitcoin Magazine, and Newsmax Media. Professionally, he has spent a lot of his waking hours inside various analytic laboratories testing your water and soil for contaminants. He watched an industry be created by government fiat and destroyed in the same manner. He ran for Florida House once and got 2.7% of the vote on Guy Fawkes Day and says, "I've since grown up a lot." Then he spent 5+ years solving the puzzle of an electroless Nickel-Boron coating that has intriguing wear-resistance properties. Too bad, the coating was better than the company's business model. Today, he is the publisher of the Gold Goats ‘n Guns Newsletter, in which he attempts to connect the false narratives of geopolitics to viable long-term investment theses. As for politics, his position is well-known through his past writings at Lewrockwell.com, Seeking Alpha, and the aforementioned erstwhile blogs. To sum up: "Individuals are the only people with enough knowledge about their own lives to have a hope of making the right decisions for themselves, and no amount of guidance or central planning can help that process along." He built the house he lives in and raises goats and milks them. In short, he says, "I'm a libertarian who distrusts all human organizations larger than a two-handed game of poker." Lastly,

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In this compelling episode of The Let People Prosper Show, Judy Shelton and I discuss her latest book, Good as Gold: How to Unleash the Power of Sound Money. We dive into the state of capitalism, the inefficiencies of government bureaucracy, and the vital role of fiscal and monetary policy in driving sustainable economic growth. From historical lessons like the peso crisis and Bretton Woods to the promise of gold and cryptocurrencies, the discussion provides a roadmap for reclaiming economic stability and fostering global prosperity. Join us as we explore actionable steps to reduce government overspending, enhance monetary stability, and inspire a renewed commitment to free-market principles worldwide.

Tom Bodrovics, welcomes back David Morgan, founder of The Morgan Report, for a discussion centered around their respective recent interviews with Dr. Judy Shelton. They highlight her advocacy for the moral obligation of money and her belief in an honest monetary system that fosters freedom and stability. Morgan believes these views align with his life's work. The conversation touches upon potential solutions for imposing monetary discipline on the government, including the idea of long-term gold bonds and a bimetallic standard consisting of both gold and silver. The benefits of a bimetallic system include regulation of inflation, but its practicality is questioned due to the current market values of gold and silver. Morgan also discusses the role of the Federal Reserve in the US monetary system, suggesting that commercial banks create most of the money through loans and advocating for the Treasury to manage monetary policy according to the Constitution. He expresses skepticism towards Central Bank Digital Currencies due to concerns over privacy and potential loss of control by individuals. David Morgan shares his long-term perspective on investing in silver, emphasizing its importance as a form of financial security and potential return to being a monetary asset. He also discusses the industrial uses of platinum and palladium and expresses his bullish sentiment towards these metals. In conclusion, Morgan advocates for self-reliance, fundamental human values, and focuses on the human spirit despite skepticism towards politics. David Morgan is working on a documentary called "Silver Sunrise" that explores the monetary system, stress, fear, and control related to money, featuring interviews from renowned figures like G. Edwin Griffin, Ron Paul, Ellen Brown, and Mark Passio, set for release early next year. Time Stamp References:0:00 - Introduction0:30 - Dr. Judy Shelton6:47 - Silver Standard?10:07 - Fed's Role & Ron Paul13:48 - CBDC Concerns16:35 - Trumps Cabinet Picks22:54 - Silver Expectations25:48 - China, Russia, & India29:06 - Platinum & Palladium31:07 - Sentiment in Metals33:42 - Silver Sunrise Documentary38:15 - Holiday Wrap Up Guest Links:Website: https://silver-investor.com/Twitter: https://x.com/silverguru22YouTube: https://www.youtube.com/user/silverguruDocumentary: https://silversunrise.tv David is a precious metals enthusiast with degrees in finance and engineering, and he originated The Morgan Report. This monthly report covers economic news, the global economy, and substantial capital gains by investing in the Resource Sector. The Model Portfolio includes top-tier, mid-tier, speculative, and special situations. David considers himself a big-picture macroeconomist whose main job is educating people about honest money and the benefits of a sound financial system. A dynamic, much-in-demand speaker worldwide, he has appeared on CNBC, Fox Business, and BNN in Canada. He has interviewed- The Wall Street Journal, Futures Magazine, Investing Rules, and numerous other publications. As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report, and numerous other publications.

Judy Shelton, Independent Institute Senior Fellow; AUTHOR: “Good As Gold: How to Unleash the Power of Sound Money” Learn more about your ad choices. Visit megaphone.fm/adchoices

This week Steve Moore talks about what the top 1% pay to the IRS, people having a new bounce in their step after the election, getting rid of non essential government services, his least favorite Christmas carol and much more. Judy Shelton, Monica Crowley, and John McLaughlin join the show to talk about making the dollar good as gold, the collapse of woke ideas, and the election results. Learn more about your ad choices. Visit megaphone.fm/adchoices

Judy Shelton joins Steve Moore to talk about economics. Learn more about your ad choices. Visit megaphone.fm/adchoices

Judy Shelton: "Why Don't We Use Our Gold As Collateral For A New Treasury Debt Instrument" Former Trump economic advisor Judy Shelton has talked a lot about bringing gold back into the monetary system in the US. And while she has not yet been officially brought back aboard Trump's team, it sure is fascinating to imagine what could happen if she is. Because in a recent interview with David Morgan of The Morgan Report, in addition to sharing some fascinating monetary history, including how even Fed officials like Paul Volcker and Alan Greenspan agree that 2% inflation is far from the definition of stable, she also proposes the idea of using the nation's gold as collateral for a new treasury debt instrument. Which is fascinating to hear, especially at the same time when the eastern half of the world continues to express a desire to turn to gold in place of treasuries. So whether you're a monetary advocate, historian, or someone who just wants to navigate the changes to our monetary system that are coming, you're really going to enjoy this interview. And to hear David Morgan talk with Judy Shelton, just click to watch the video now! - To get a copy of Judy's new book: https://www.amazon.com/Good-Gold-Unleash-Power-Sound/dp/1598133896/ref=sr_1_1?dib=eyJ2IjoiMSJ9.GilhQVjnPROPl6focmPkwdiu42Gnk08bS4zXzi14jI2uYTO4yE4rXnsnHKKKiOgtpodlzFs9Vxat6ryKHl_dScQffL3yaBoiXVcqRqcEV8381nl0KCDYBv7ZXIPXt9dQ.G_wRy6cDB9R0bI5oK_y_ZHTvsZT_qDJTZPJDSAA9QNY&dib_tag=se&hvadid=713541207529&hvdev=c&hvlocphy=9012034&hvnetw=g&hvqmt=e&hvrand=11505215478072804659&hvtargid=kwd-2320378241923&hydadcr=22565_13730680&keywords=judy+shelton+good+as+gold&qid=1732378002&sr=8-1 - To get access to David's research at “The Morgan Report” go to: https://www.themorganreport.com/membersportal/aff/go/ArcadiaEconomics - To get your very own 'Silver Chopper Ben' statue go to: https://arcadiaeconomics.com/chopper-ben-landing-page/ - Join our free email list to be notified when a new video comes out: click here: https://arcadiaeconomics.com/email-signup/ - Follow Arcadia Economics on twitter at: https://x.com/ArcadiaEconomic - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ - Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 - #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

Lawmakers and economists are debating the future of the Federal Reserve after President-elect Trump's promises to fire Fed Chair Jay Powell and Senator Mike Lee's (R-UT) call to #EndTheFed. Judy Shelton and CNBC's Steve Liesman to discuss the role of the central bank and the constitutional precedent for Fed independence. As the AI revolution ramps up, Goldman Sachs's Jared Cohen highlights the infrastructure needed to support the technology's energy demands. Cohen calls for “data center diplomacy” as AI underscores geopolitics and competition between China and the United States. Plus, the price of bitcoin reached nearly $90,000, Trump's victory has lifted Elon Musk's net worth by $70 billion, and Trump's latest picks for his second administration include Sen. Marco Rubio, Rep. Mike Waltz and Gov. Kristi Noem. Jared Cohen - 12:43Judy Shelton - 25:53 In this episode:Jared Cohen, @JaredCohenJudy Shelton, @judyshelSteve Liesman, @steveliesmanEamon Javers, @EamonJaversBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

On this episode of The Cash Flow Academy, Andy Tanner sits down with Judy Shelton to discuss her upcoming book, *Good as Gold*, where she dives into the vital role of sound money. As a former senior fellow at the Hoover Institution and nominee for the Federal Reserve, Shelton brings unique insights on fiscal responsibility and the stabilizing power of gold. She critiques the Federal Reserve's expansive policies, especially during crises like 2008 and COVID-19, and explains how these actions have fueled inflation. Arguing for a return to gold-backed currency, Shelton outlines how sound money can curb excessive government spending, stabilize the economy, and support financial security for individuals and businesses alike.

Tom welcomes a well known and interesting guest for the first time to the show, Dr. Judy Shelton. Judy is Senior Fellow at the Independent Institute and author of Good as Gold, passionately advocates for sound money as a moral obligation of governments to their citizens. Sound money, according to Shelton, should maintain its value over time, acting as an unchanging standard for economic planning and transactions. She criticizes the Federal Reserve's policy of debasing the U.S. dollar through inflation targeting, which undermines its purchasing power and creates inequality in society. The Federal Reserve was initially established to provide an elastic currency that addressed seasonal economic fluctuations. However, the role of the Fed has shifted significantly over time, leading to concerns about its growing dependence on the government for budgeting needs and potential consequences for the economy and small businesses. Shelton argues for market-determined interest rates, pointing to historical examples like the gold standard. She also highlights the importance of accurate data in monetary policy decision-making and critiques central banks' conflicting policies on a global scale that can lead to currency wars and instability in international trade. Shelton advocates for a new international monetary system anchored by a gold convertible long-term US Treasury bond, which would promote stability and accountability in international transactions. She recalls her unsuccessful nomination to the Federal Reserve and expresses her belief that economic growth under President Trump's agenda and Elon Musk's involvement could lead to controlling the budget and promoting sound money. Shelton urges for less central planning by governments, believing there is a collective yearning for trustworthy, stable money in society. The interview concludes with Dr. Judy Shelton expressing her gratitude for the opportunity to discuss her ideas and the success of her book "Good as Gold" on Amazon's charts. She encourages listeners to get radical and demand sound money from their governments for a more prosperous economy based on individual liberty. Time Stamp References:0:00 - Introduction0:45 - Sound Money & Morality2:27 - Money Vs. Currency4:32 - Price Stability?11:52 - Fed Control & Hubris18:30 - Central Planning & Mkts24:03 - Fed 'Independence'27:20 - Pricing Money Free Mkt.36:10 - C.B. Global Effects39:34 - BRICS & Gold?44:34 - U.S. Gold Bonds?55:30 - Golds History of Restraint59:15 - Politics & Financial Plans1:01:59 - Nominee & 'Extreme Views'1:10:22 - Book 'Good as Gold'1:11:50 - Get Radical & Wrap Up Talking Points From This Episode Dr. Judy Shelton advocates for sound money as a moral obligation of governments to ensure economic stability and planning through unchanging currency value. The Federal Reserve's inflation targeting policy weakens U.S. dollar purchasing power, leading to inequality and potential consequences for the economy. Shelton proposes a new international monetary system anchored by a gold convertible long-term US Treasury bond for stability in global transactions. Guest Links:X: https://x.com/judyshel Book: Good as Gold: How to Unleash the Power of Sound Moneyhttps://www.amazon.com/Good-Gold-Unleash-Power-Sound/dp/1598133896 Dr. Judy Shelton is a senior fellow at Independent Institute, former chairman of the National Endowment for Democracy, and former US director of the European Bank for Reconstruction and Development. She has provided testimony before the Senate and has been consulted on international monetary issues by the White House and the Pentagon. She is the author of multiple books and has written for the Wall Street Journal and Financial Times.

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Mike Ferguson in the Morning 10-10-24 (8:05am) Mike talks about his recent interview on his syndicated show American Viewpoints with author Judy Shelton on her new book "Good As Gold." Judy is a monetary economist, a Senior Fellow at the Independent Institute, former Chairman of the National Endowment for Democracy, and former U.S. Director of the European Bank for Reconstruction and Development. Her book, which was released on Oct. 8, 2024, offers something new: an explanation of how we can use gold for a new international monetary order. She lays out how gold can provide a universal measure of value across borders, create new financial opportunities, and dramatically increase prosperity around the world. Check it out here: https://www.amazon.com/Good-Gold-Unleash-Power-Sound/dp/1598133896 Here's Mike's interview with Judy: https://american-viewpoints.simplecast.com/episodes/judy-shelton-discusses-good-as-gold-how-to-unleash-the-power-of-sound-money   Hurricane Milton picked up some speed yesterday and hit the Florida Gulf Coast last night at Siesta Key, next to Sarasota and Bradenton, in-between Tampa Bay and Ft. Myers. It was a Category 3 storm and left more than 3 million homes and businesses without power. It also spawned numerous deadly tornadoes. It's bad in many areas, but it could've been much worse. Thankfully, the storm picked up speed, going from 10mph to 16mph which helped it move across the peninsula instead of slowing down or stalling. Story here: https://apnews.com/article/hurricane-milton-tampa-florida-5f6a112986eb6e21720f0f17c504afe8     (8:20am) Do we give up our rights in an emergency, like a hurricane or tornado? Tampa's mayor said a weird guy who wanted to ride out the hurricane could've been arrested "for his own protection." The gentleman who goes by the name of Lieutenant Dan, in honor of the Forrest Gump character, went viral for refusing to evacuate in favor of riding out the storm on his boat moored in Tampa Bay. Story here: https://redstate.com/terichristoph/2024/10/09/watch-tampa-mayor-outrageously-says-that-city-may-baker-act-residents-who-refuse-to-evacuate-n2180369   (8:35am) MORNING NEWS DUMP Hurricane Milton picked up some speed yesterday and hit the Florida Gulf Coast last night at Siesta Key, next to Sarasota and Bradenton, in-between Tampa Bay and Ft. Myers. It was a Category 3 storm and left more than 3 million homes and businesses without power. It also spawned numerous deadly tornadoes. Areas from Tampa Bay over to Daytona Beach got over a foot of rain. Damage included the roof being torn off of Tropicana Field, home of the Tampa Bay Rays. It's bad in many areas, but it could've been much worse. Thankfully, the storm picked up speed, going from 10mph to 16mph which helped it move across the peninsula instead of slowing down or stalling. Story here: https://apnews.com/article/hurricane-milton-tampa-florida-5f6a112986eb6e21720f0f17c504afe8O'Fallon and Highland, IL, are among the departments on the Illinois side which are sending firefighters and equipment to Florida to help with rescue and relief efforts. Missouri is sending 100 National Guard members, over 20 Highway Patrol troopers, and 5 disaster relief teams. Jury selection is underway in the case against former Illinois Speaker Michael Madigan in a racketeering and bribery case connected to the utility company ComEd (formerly known as Commonwealth Edison) which provides electricity to over 4 million customers across northern Illinois. Blues face the Sharks tonight in San Jose. Faceoff at 9:30pm CT.    (8:50am) We continue the discussion (from 8:20am) about giving up our rights in an emergency.   NewsTalkSTL website: https://newstalkstl.com/ Rumble: https://rumble.com/c/NewsTalkSTL Twitter/X: https://twitter.com/NewstalkSTL Facebook: https://www.facebook.com/NewsTalkSTL Livestream 24/7: bit.ly/NEWSTALKSTLSTREAMSSee omnystudio.com/listener for privacy information.

Economist Judy Shelton, a senior fellow at the Independent Institute, discusses her new book: Good As Gold, How To Unlease The Power Of Sound Money. From the Independent Institute: She's one of the few economists bold enough to challenge the inflationary policies of the Federal Reserve, emphasizing how today's policies enrich elites at the expense of—you guessed it—poor and middle-class Americans. This, Shelton insists, must end. And it can end—easily. For more information: https://www.independent.org/store/book.asp?id=143  * note: this interview was edited due to time constraints for broadcast. Here's a version of the discussion that includes the entire conversation: https://www.dropbox.com/scl/fi/wso0gh6xkfulc7g88ppji/Judy-Shelton-Good-As-Gold-Book-FULL-LENGTH-VERSION.wav?rlkey=te4pdiodm6xa6d9tn7v8k63mb&st=s00zdkk9&dl=0

While her record is hardly perfect, Judy Shelton has been a rarity among monetary economists: an advocate for gold and sound money.Original Article: Judy Shelton's Lasting Legacies

While her record is hardly perfect, Judy Shelton has been a rarity among monetary economists: an advocate for gold and sound money.Original Article: Judy Shelton's Lasting Legacies

“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. Questions on Protecting Your Wealth with Gold & Silver? Schedule a Strategy Call Here ➡️ https://calendly.com/itmtrading/podcast or Call 866-349-3310

As America continues to experience painfully high levels of inflation, the need for a sound money supply that serves as a reliable store of value has never been clearer. At the Mont Pelerin Society meeting in Bretton Woods, New Hampshire, Matt Kibbe sits down with economist Judy Shelton, author of "Good as Gold: How to Unleash the Power of Sound Money." Shelton argues that the appeal of a gold-backed currency is in the trust people hold in a time-tested finite resource that cannot be abused by an activist central bank.

Sree Kochugovindan, abrdn Senior Research Economist, breaks down the Bank of England's decision to keep rates unchanged. Greg Valliere, AGF Investments Chief US Policy Strategist, discusses the Israel-Hamas war and its political impact in Washington. Jonathan Pingle, UBS Chief US Economist, says a slowdown in the US labor market would lead to a slowing in inflation. Geetha Rananathan, Bloomberg Intelligence US Media Analyst, discusses Disney's plan to buy Comcast's stake in Hulu. Pierre Ferragu, New Street Research Head of Global Technology Infrastructure, previews Apple's earnings release.Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance  Full transcript:This is the Bloomberg Surveillance Podcast. I'm Tom Keene, along with Jonathan Farrow and Lisa Abramowitz. Join us each day for insight from the best and economics, geopolitics, finance and investment. Subscribe to Bloomberg Surveillance on demand on Apple, Spotify and anywhere you get your podcasts, and always on Bloomberg dot Com, the Bloomberg Terminal and the Bloomberg Business App. What a joy to see her in London. Sree Kachigovin and joins us right now, senior research economists at Aberdeen three. I'm absolutely fascinated by how the US stands alone, how Jerome Powell yesterday stood alone with massive stimulus leading into massive real GDP. Does the United Kingdom, where Governor Bailey stands now, do they need stimulus to keep it going? I think stimulus would probably not be a good idea at this point. Really, what we want to tackle is inflation. Now. The Bank of England have a very challenging backdrop. Growth outlook is weakening, but we still have very elevated inflation pressures. Now inflation is past the peak, it has started to decelerate. However, energy costs are still quite elevated. The headline inflation is still very high. And also we have even though those multi price based effects will start to unwind over time, we still have very sticky core services and wage pressures in place. So stimulus right now would not be a good idea for the UK. Now it's not restrictive fiscal background at the moment, but further stimulus would actually not be helpful with the Here's a fun fact from the Bloomberg News story that Lucy White wrote for US. Ben Bernanke actually attended the Bank of England's meeting as an observer. It's part of his review into the UK central banks forecasting communications. And of course this comes as Bailey has faced some criticism that they didn't move quickly enough to respond to inflation. Sree, can you compare and contrast the efficacy of communication at the BAIE versus the FED. I think, as we mentioned earlier, there was a conversation about group think. There is a split within the within the Bank of England, and I think the communication has been quite clear from the various members. We've had the arguments for staying on hold, the arguments for perhaps another an additional hike, and all of those are quite consistent actually with the data that we're seeing. But it seems that on the whole we are witnessing switch towards a focus on growth and the weaker activity data and some greater faith in terms of inflation actually passed the peak and decelerating from here. So we're also seeing there. So we have a signal from the split in the vote, and we also have that signal well, very very clear in terms of rates are going to be on hold for a meaningful period of time, even if, as we expect, the economy enters a recession, rates are going to remain quite elevated. And that's quite a burden for small companies in particular who are much more sensitive to the rate cycle. They are facing a profit squeeze. There is a bit of an issue there in terms of future business investment and so there are a number of challenges there, particularly for the smaller, smaller firms. So that's something that the Bank of England are going to have to really be wary of. Yeah, credit availability for small firm is always an issue, whether it's stateside or across the pond street. When it comes to the stimulus versus austerity debate, that time was referencing how does the Bank of England's decision to keep rates on hold for a second straight meeting and warn about a possible recession, warn about the need to perhaps raise rates in the future of inflation reaccelerates. How does that restrain or limit the government's options when it comes to supporting the economy. I think the government is also very aware, and we have heard from Sunak p at the Prime Minister. We have heard that there is a focus on inflation even within the government. Yes, they do have an election coming up, but they're worried about stimulus too soon and too much stimulus too soon. So I think they're going to pair back on any measures that are going to fuel inflation. Further, I think that's also concerned from them, get every challenging decision for them, given that there is an election on the horizon. Are all the gains in the United Kingdom focused on London? I mean, I mean, is it like, you know, the dominance of Paris and France. Are all the economic gains which you have been tangible here have they been focused on the south of England? Well, there has been a big debate for a number of years with regards to the regional disparities, and that was something that for a few years there have been some focus on what are the policies that can help level up the economic outlook. However, it has been quite challenging in order to do that with the pandemic recovery from the pandemic. And I think the leveling up policies may be, you know, they're on the horizon in the future, but right now, really the focus is quite narrow. That regional disparity, unfortunately, is still very much there. Christrie, thank you so much. Cut your govid in with us with Aberdeen joining us now. On the other points in the Wars of Washington, Gregory Vellier, he's chief US Policy Strategistic AGF Investments. Greg I believe it is November, that's twelve months away from an election. Take the drama of October in our many wars and fold it into how things change twelve months before an election. How does your world change given the pending one year out election. Well, good morning time. So many unknowns. I'd say one big one is Benjamin Netanaihu. If you saw the extraordinary story in the New York Times on Monday talking about how Israel and Netanaihu were blindsided by Hamas they got totally caught off guard. There's going to be recriminations. I think that has to be looked at very carefully. There's the FED and there's this continuing fight in the House between fairly moderate Republicans and the right wing. That fight is about to resume within days, right, But you've got a right wing Speaker of the House. Now, shouldn't that restore some order in the House. One would think Scarlet wouldn't one, But I'm not quite sure about that. I think that even a handful four or five House Republicans could block this next spending bill. And there are Republicans in the House who don't want to spend money on Ukraine, as you guys know, and some lukewarm attitudes toward Israel. But the big fights still is a budget. We have a budget deadline in about two weeks and they're not close to being done. Yeah, and so we're watching that November seventeenth deadline very carefully. I want to get your take also on what the economy means for the presidential election tries. It might The White House has been selling Bidenomics, but it's not doing very well. When consumers are feeling pretty sour. What does the current FED policy mean for the economy in twenty twenty four. Well, I think there's maybe some relief among consumers that the FED didn't raise race. But I thought you and Tom a few minutes ago hit it perfectly talking about food prices. I mean, food prices are up. What did you guys say, nineteen percent cumulative? Yeah, over three years, over three years, But that leaves an awful lot of people, maybe not us, but leaves an awful lot of people discouraged that this is not improving. Yeah. What's important there, Scarlett, is the USDA with this is really good data from the US Department of Agriculture. They say that for the have nots of America, it's not third world, but thirty percent of their compensation is going to food, which means thirty percent of their conversation is not going to discretionary spending or anything else that usually supports the economy. Greg, I want to bring it back once again to FED policy in the economy in twenty twenty four because J. Powell's term expires as FED chaer in early twenty twenty six. So whoever wins the twenty four to four election, would get to pick the next FED chair. What does that mean to you? And I bring this up because if Donald Trump wins the nomination, yes he nominated Powell as fedchair, but he also nominated Judy Shelton as a FED governor. Yeah. I think if Biden wins, obviously he'll try to keep at Jerome Powell. If Trump wins, he will fire and get rid of Powell as quickly as possible, and that will I think cost some anxiety for the markets. You know, one other quick point I would make about what we could see in the next year or so that maybe is outside of the box. I go to piece this morning on Robert F. Kennedy Junior. There's a new poll out overnight from Quinnipiac showing him a twenty two percent that I was surprised. I think a lot of people were surprised to see that. And I do think that he will take away from Joe Biden, young people, independence, African Americans, environmentalists. Robert F. Kennedy Jr. Is not going to be the next president, but he may determine who will be. Craig Villie, thank you so much. With AGF investments, we can rip up the script with a gentleman that worked in the macroeconomic section at the FED. Jonathan Pingle joins the course with UBS, their chief US economists, John I'm sorry, I got to go here, and Julia Cornado XBMB Perry by Macro turns his way out in front of this. Are we completely misguessing the efficiency, the productivity, the technological advancement of America? Are we just flat out to pessimistic? Well, I mean it's hard to know what the expectations are, right there aren't that many people as in the weeds on productivity, you know, on the immigration rebound as Julia, and you know, give Julia a lot of props since we were at the board together a year long time ago. But I would say two things, and Sheer Powell touched on this yesterday. One is, you know, we have been seeing a pretty impressive rebound and labor supply and that's been both the combination of you know, a significant improvement and net international migration coming out of the pandemic. In addition to you know, some groups like prime age women punching out new all time highs and their labor force participation rates. And you know, we've certainly been writing about that, and Julia's done a good job as well on the productivity stuff. Though we do have to remember that productivity was incredibly weak as we went through the pandemic and immediately coming out, so we did have a fair amount of catch up to do. And when we look at sort of the longer run trends after today's data, just mathematically you are going to be a little bit above the longer run trends. So it is good news, but you're actually really still not that far from what we were seeing pre COVID. But I will say together, I think it's right. We're seeing nominal wage gains slow, and some of that is these supply side improvements and unit labor costs dropping. You know, we were forecasting a seven to ten drop. You know that is the result of the slowness we saw in average hourly earnings combined with basically five percent GDP growth in the third quarter. So that's a good supply side story. Tell me about course services. The chairman didn't talk about it much yesterday, but are we seeing a service sector disinflation to give confidence to an outright goods deflation? We are? I mean, we've had We've had some positive news on the core services over the last several months, but I would say we're sort of not out of the woods yet, right Like, you know, I think that's one of the reasons Chair Powell yesterday, you know, and Mike McKee did a great job with his you know, trying to pin the chair down on the objective versus subjective decision. But what we want to see is a little bit more slowing in the labor market in order to see more slowing in those components of inflation, because if we look at the ECI, it does look like wage gains are still a little too risk to be consistent with sustainable two percent inflation. So I do think the Chair and Mike was just saying this, they do need to get the labor market to slow here if they are going to achieve their mandate and restore price stability. All right, this is clearly a big, big week for labor market data. You had ADP employment change jolts and of course jobless claims this morning. Unit labor costs as well in productivity. We know that the UAW has come to agreements with the automakers, but if you are an union organizer and I'm thinking of the Actors Guild, for instance, that is still on strike. What is your takeaway from the flood of data that we've gotten on the labor market right now? Well, land market's still tight, right so you know, so you know, even I mean, and I don't really think you need to look much beyond the unemployment rate at three point eight percent to say, you know, the nation's at full employment and markets are tight, and you know you've got a point here where there might be some bargaining power for workers. The other interesting thing about a number of these strikes is there are a lot of non wage issues at stake. You know, you're talking about, you know, the use of AI for the actors, you're talking about, you know, the shift to electric vehicles amongst the UAW. And that's actually been sort of an interesting aspect where, you know, a lot of these labor negotiations it's not just about the wages, you know, it's really also about sort of these changing industry dynamics that they want to protect their workers from. So how does that show up in the data, How does that show up in the economy in what's measurable, Well, we should definitely see the impact of the UAW strike tomorrow. In tomorrow's data, you know, the BLS released their strike report. You know, between the strikes the Big Three and Mac Trucks, that should be about a thirty thousand job reduction in motor vehicle and parts assemblies employment. You'll see it in Table B and B one of the employment situation release. So we should definitely see that way on the employer report tomorrow, but that'll rebound in the subsequent in the subsequent report. And I think the bigger picture is that you have put in place for some of these contracts, you know, a return to things like you know, cost of living adjustments, et cetera. So this should generally mean for these workers somewhat firmer wage gains over the next few years than would have otherwise been the case. Jonathan Tingle, thank you for the brief, particularly there quickly on advancing productivity is with UBS. I love saying this the Union Bank of Switzerland. We're going to get complicated here and straighten this out. Hulu being taken out by Disney. Brian robertson Comcast unloading the Dogkeetha Ranganathen of Bloomberg Intelligence is truly encyclopedic on this near nine billion dollar that transaction. Getha, I'm lost here. Is Comcast happy today that they unloaded the stock or is this the deal of a lifetime for mister Eiger? So this is this is, as you just pointed out on this is a pretty complicated transaction. All that we got yesterday was that Disney is definitely buying out comcast thirty three percent stake. So Disney already owns two thirds of Hulu, so we know for certain that Comcast is offloading it who Disney is buying it? Now the biggest question here is going to be price. So we know the floor value was set at twenty seven billion. Disney actually came out yes, they're saying that they do expect to make that initial payment of you know, eight it's actually nine billion minus some capital calls, which which is why you get the eight point six billion. But really the point is going to be how much greater than twenty seven billion is the valuation going to be? And that is where all of the complexity is going to arise over the next few months. I mean, John Pharaoh is addicted to Hulu. He's just you know, he like binge watches Love Island USA and the rest of it. GITHA doesn't matter who watches this stuff in this transaction or is this just people distant from what we watch every day? I mean, Hulu has forty eight million subscribers some so it is a very very successful streaming service. You're absolutely right. It has a very deep catalog of classics. It has all of us Keith, You're not going to sell surveillances audience. The Love Island USA is a classic. Continue well, it has you know, it has a lot of the must watch shows, right you brought up the Bear Only Murders in the Building is show. It has a lot of shows that come up from broadcast TV, so it's a great catch up service. And it also has kind of this live Hulu Plus live option as well. So there are a lot of different flavors that it offers. But I think the biggest thing for Disney is really the ad component of it. If there is any streaming service out there that has got advertising right, it is Hulu. We know that Netflix is struggling with that right now, so is Disney Plus. So are a lot of the established services. Amazon is looking to bring an advertising service. Hulu is the one established brand already bringing in about three three and a half billion dollars in AD revenue. So that infrastructure is a gold mine and is super valuable to Disney and for that reason, Hulu is one of the few profitable streamers. Netflix of course another profitable streamer here. But what is it about the ad packaging that Hulu has figured out. As a consumer of Hulu, it's really frustrating to see the same Tom Brady hurts commercial over and over again. No, you're absolutely right, But at the same time, I mean, this is a company, you know, obviously they have They are the ones that have ads, that have had ads on now for the longest period of time. They've built all these different they've built very a very very robust AD stack, and they've also kind of made all these different you know, relationships with advertisers. Of course, you have the larger Disney brand as well at work there, but that is something where they've really been able to crack the code. I mean, Hulu is one service where you have majority of you know, the consumers on the on the ads supported option, which is what has made it such, you know, so successful in what it's set out to do. Disney says it has enough cash and credit to buy Hulu, whereas Comcasts will be using the proceeds to boost its accelerate its stock repurchase program. When this financial transaction is completed, does it move the needle at all for either Disney or Comcast stock. I think it definitely moves the needle for Disney because this removes a key overhang. Remember, there are so many strategic questions that are still kind of pending for Barb Biger, whether it's the future of ESPN, whether it's the sale of the ABC network, and so, you know, kind of just closing this deal with Hulu and then integrating it with Disney Plus, I think just removes a key overhang for the stock. Five years out, do they mate. Do you see Hulu combined with Disney Plus to really take on Netflix as a combined adult in kids' entity. Absolutely, I think that is what the plan is. I mean, at the end of the day, they are looking to get synergies across the board in their streaming product because Disney Plus is still losing money. It is still going to lose about two and a half three billion dollars this year. But I think when you combine this we're looking at savings of at least one one and a half billion dollars. I think it's definitely going to accelerate streaming crafitability for Disney. Synergy to me means rebundling, So you're going to have to pay some big, heftier price to get all these different channels or streamers into twenty. That's what Paul Sweeney would say as well. What I'm fascinated by is when we're all said and done with this. I mean, there's Hulu and there's Disney Plus, and they're going to merge and they're gonna take on Netflix. Keitha, do you see a true duopoly out there? Is that where streaming is heading? It definitely is heading there, Tom, There's no doubt about it. I mean Netflix is far ahead of the competition. They have almost two hundred and fifty million subscribers. We do see them getting to three hundred million over you know, maybe the next few years. But yes, this is kind of very much turning into you know, Netflix versus Disney versus most probably Amazon. So yeah, maybe a tryal Max HBO. Yeah, that's a tough one, you know, Hbo Max. You know, she's got to be a second tier service, second tier look at it. She's just like, Wow, you know what's so bad about that? And this goes, this goes with Discovery Plus and Max and all that is. You know where am I going to see ninety day fiance? I know you're addicted to it. If it doesn't work, O Githa ruganof and thank you so much. I think I learned something there. Pierre Farragu wrote the Black Books for Bernstein and Technology for years. Yes, he's got a fancy title Global Technology Infrastructure at New Street, but the answer is once and forever he will always own the Black Books over at Alliance Bernstein Peer. Thank you, Pierre, Thank you so much for joining us. And you have been cautious on Apple. Is now a time to buy the shares? After the lassitude that we've seen over the last twelve months. I would have liked to say yes, but unfortunately, and the reason why I would have liked to say yes is because sentiment is very very low on the name. You know, sixty percent by ratings and forty percent sale and a neutral rating for that name. It's very very It's as low as can be, I would say. So we've had like a very slow yeer. You know, three after in a row in negative growth, we're getting back to politive growth probably on the guide, but it's just because we're hitting like the the easier compare now and so that slowdown, like the stock reacted relatively well to that slowdown. If you look at the Apple stock, it roughly tracked the NASDAK. So not much happened on the stock. And the reason why you know I wouldn't jump on board now is first not a significant pullback so valuation. You're still paying like a hefty premium for our early It's partly justified, of course, for the quality of the franchise. But you know what happens next that really creates a surprise and gets the stock to work. From here, the high kinmentalist the harder matter pere single digit revenue growth. So I went back to the pandemic and basically sales are up forty seven percent from twenty nineteen, but the free cares flow generation after that is up seventy one percent. In your caution, are you suggesting that that formula they have of operating leverage, of generating ebit, of generating free cash flow is now broken? Given single digit revenue growth. No, I think it still works. But you know, of five percent revenue growth, you don't you don't generate as much free castural growth. So the way I like to think about it is out of like you know, between three and five percent revenue growth apper it can generate you know, you know, above five percent, like six seven percent earnings DIVIDI and free casual growth on a sustainable basis through like systematic buyback, through operating leverages that there are. So there is definitely a huge amount of quality there and a very strong benitry as you just mentioned. So all that is worth su premium. When you look at Apple today, it's straight on twenty seven times, you know, for for our earnings status and plus names who grow between five and ten percent anum, the overall economics are treading on like twenty two times, So you have a significant premium. So you won't have like a evaluation surprise out of this very healthy, very high quality model. And so when you own the Stoke today, you have to to believe this premium is going to remain, which I think is fine, but you can't expect like a sudden jump and a sudden increase in valuation multiple unless you have a new growth story, and that's where it's kind of difficult to expect that to cor right. The China part of the equation is not a growth story for Apple right now. How is May sixty pro getting a lot of attention kind of stealing the thunder in many ways? And Apple bears will always point to the China demand for iPhone fifteen as a reason to not be optimistic. How does Tim Cook frame the negative headlines that are hitting Apple out of China, whether it's the sixty pro or whether it's Beijing's ban of using foreign phones for government workers or stayed owned enterprises. Yeah, so I think it's a very good question. It's a source of concern. Interestingly, I don't think it's going to materialize that quickly because like the new Qua Way phone is really like in early innings, you know, they probably don't have a strong case to be that competitive against the iPhone. But it's true that you know, in this junk you mentioned since twoenty and twenty term, a lot of that was like what we're getting out of the picture in China and Apple really like gaining about twenty million XI units iPhone units combined with an increase in a spit and so that part of the business I think is true is kind of a trick over the next couple of years. Because China, China might be able to put together alternative to the AFO, the aphone remained like an exceptional product. You know, this is the only phone at a string animeter manufacturing a note for the main shift exceptional quality, exceptional like integrated software and hardware that there are. So I wouldn't say the Chinese are going to create the fund that can compete with the iPhone, but we know that in the past about twenty million funds we are selling at Huawei, and when Huawei dies appeared that market seem to have moved straight into Apple's hands. I see, and that's that's a concern of course. So how about Apple and AI? I mean, Apple was kind of left behind when Chat, GPT and all the other AI tools you know, took over the zeitgeist. I know Apple's working on things with relaated relative to Siri, and how can incorporate more generative AI into its products? Is this something that has reached a point where investors can can model it? No, So I think on the business model of Apple, you know, with making all its profits from selling hardware and then selling like mostly subscription services over this hardware, Like you know, the kind of like magical one trick where you can chart like thirty dollars a months for a generative AI based services that does doesn't really exist. The way I see it is that for Apple, generative are is going to be more of a defensive move. Siria has never been exceptionally impressive in terms of what it can achieve in terms of voice recognition and user user service. Apoba is going to continue to do their best to enhance the overall user experience with generative AI, But I don't see that as like as a revenue enhancement for them as it could be for like a Microsoft or Google and metal and advertising and things like that. Heard you just to finish here, is the Apple such a animal like you were mugged by your kids to go out and buy more toys like bram or like food like King. I mean you're on the same game. Are you suggesting that this is a stock that treads water for five years or are you actually looking for a diminished share price? So that's I think from from here over the next five years, I think that's a stock that can compound with its earnings power or its dividend power, so you know, it can compound like in single digits, maybe high single digits, so it's not it's not too bad for a very high quality name. And then I would look at buying it only if there is a bit of a dislocation at some point, like a loss in confidence if this quality I see that Apple wasn't there all the time. And so if you see like a weakness coming out of China or things like that, and if the stock is hurt by that, I think I would be I would be baking to revisit and look at, you know, getting into the name at a more attractive evaluation because when you're talking, companding and valuation is almost everything, because that's that's what drives, you know, your ability to buy back your stock more efficiently and things like that. So I really think you need a lower melteaper to make Apple compelling, like you know, single legy companding opportunity, and then a kind of like a breakthrough opportunity, you know, an opportunity to increase prices, to increase in clevolume, to launch a new products. Difficult to see that on the horizon. To be honest, Pierre, thank you for the brief peer fargu for some real Apple caution. They're different than the fanboys that so many people speak of. Subscribe to the Bloomberg Surveillance podcast on Apple, Spotify, and anywhere else you get your podcasts. Listen live every weekday starting at seven am Eastern Bloomberg dot com, the iHeartRadio app tune In, and the Bloomberg Business app. You can watch us live on Bloomberg Television and always on the Bloomberg terminal. Thanks for listening. I'm Tim Keane and this is Blumber HmSee 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Thank you for watching this week's episode of the "Let People Prosper" podcast. Today, I'm honored to be joined by Dr. Judy Shelton, renowned economist and author specializing in global finance and monetary issues. She is a Hoover scholar who has been consulted on international economic/financial issues by national security officials at the White House and Pentagon, to name a few of her many accomplishments. We discuss: 1) Why money is important, how it gets its value, what it really is and is not; 2) What the Fed did wrong during the pandemic, how it continues to mishandle interest rates, and why this approach will ultimately not abet inflation; and 3) Skyrocketing interest rates around the world, how central banks manipulate currencies, and much more. If you enjoyed the show, please consider liking this video, subscribing to the channel, and sharing this on social media. For show notes, thoughtful insights, media interviews, speeches, blog posts, research, and more, check out my website (https://www.vanceginn.com/) and please subscribe to my newsletter on Substack (https://vanceginn.substack.com).

In the latest episode of The End Game, Bill Fleckenstein and I have the great privilege of welcoming Judy Shelton to the podcast for a discussion that helps place one of the key missing pieces into the puzzle we've been attempting to assemble – the honest and frank perspective of a central banking insider. After her nomination to the board of the Federal Reserve by President Donald Trump in 2018, Judy's appalling treatment at her Senate confirmation hearings demonstrated the very worst of partisan politics at an incredibly toxic time in America. A letter signed by 100 economists, including seven Nobel laureates, opposing her appointment suggests, to me, at least, that she would have been the perfect person to bring necessary change to an institution whose many failings are becoming more apparent by the day. Judy's openness, insight and willingness to discuss the practicalities and limitations of modern-day central banking in this conversation are a breath of fresh air and worthy of our deepest respect and gratitude. As a reminder, Silver Tier subscribers to https://www.grant-williams.com get access to both Things That Make You Go Hmmm… and all editions of The Grant Williams Podcast, including The End Game, The Super Terrific Happy Hour, The Narrative Game, This Week In Doom and Shifts Happen so sign up today!

Photo:  Byzantine old coins in the Cleveland Museum of Art #Inflation: The gold standard; and what is to be done?   Dr. Judy Shelton  @judyshel,  Senior Fellow at the Independent Institute #nedemocracy.  WSJOpinion. https://www.wsj.com/articles/congress-has-a-stake-in-the-dollars-integrity-purchasing-power-currencies-gdp-monetary-policy-cryptocurrencies-11652817662?page=1 Stable dollar:  US should offer a fifty-year Treasury security, payable on demand of owner in either dollars or gold at his option.  Would provide a tool for the Fed, rather like a TIPS bond.

Photo:   The National Debt.  From: Music Copyright Deposits, 1870-1885 1/2:  #Ukraine: Lenin, Stalin, Gorbachev, Yeltsin, Putin fear of failed sovereign debt. Dr. Judy Shelton  @judyshel , Independent Institute #nedemocracy https://www.wsj.com/search?query=shelton&mod=searchresults_viewallresults

Photo:   A new way to pay the National Debt, James Gillray, 1786. King George III, with William Pitt handing him another moneybag. 2/2:  #Ukraine: Lenin, Stalin, Gorbachev, Yeltsin, Putin fear of failed sovereign debt. Dr. Judy Shelton  @judyshel , Independent Institute #nedemocracy https://www.wsj.com/search?query=shelton&mod=searchresults_viewallresults

We discuss GETTR with Jason Miller and have a deep dive into the economy with Judy Shelton.  Our guests are: Jack Posobiec, Jason Miller, Judy Shelton, Peter Navarro Stay ahead of the censors - Join us warroom.org/join Aired On: 09/15/2021 Watch: On the Web: http://www.warroom.org On Podcast: http://warroom.ctcin.bio On TV: PlutoTV Channel 240, Dish Channel 219, Roku, Apple TV, FireTV or on https://AmericasVoice.news. #news #politics #realnews