America is in ‘A Bad Place’; Gold Can Restore Its Prosperity Says Trump Fed Nominee Judy Shelton

ITM Trading, Released on 6/12/24

“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. “I don’t know how people talk about free trade without addressing currency gyrations and how they impact trade,” she says. Additionally, she warns that the fate of the U.S. may be similar to what happened to the Soviet Union with insurmountable debt. “Is the US still going to be here in 50 years? At the rate of the unsustainability in terms of the fiscal and monetary situation that you opened with, I don’t see how.” Tune in for this insightful discussion on the future of the U.S. economy and the potential return to a gold standard.

00:00 US debt cliff
3:20 Money should work for the people
6:06 Gold standard
14:03 Argument against returning to gold standard
17:26 Donald Trump
26:54 Inflation and current economy
29:59 Central banks accumulating gold
39:15 BRICS
46:48 Concluding words

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