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Judy Shelton – the Fed should focus on ‘stable’ money!

October 12, 2017

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Today’s Wall Street Journal had an article by economist, Judy Shelton, entitled “Woodpeckers for Sound Money”. Basically, the article proposes that stable money (say our dollar and similar hard money currencies) is what is needed today. A stable dollar (for example) would promote price stability and general growth with less favoritism to the wealthy few. Is this a realistic goal?

Will the Donald select a new Fed Chairman which might promote this type of policy for America? My sense is absolutely NO. Why? To create a ‘stable’ dollar we would need to ‘fix’, ‘tie’, ‘attach’ this unit of nothing to some material commodity (object) and then allow traders to convert their dollar units into this stable commodity (say gold or silver). Is this likely? Absolutely not. Why? This would collapse the entire global economy and destroy the existing fantasy sentiment (called confidence).

A stable dollar would also set in motion the need to ‘tie’ or ‘fix’ all global currencies to this material commodity (object) so relative exchange (globally) would be stable. Is any of this likely given what has transpired these past 40+ years (under Keynesianism)? I don’t think so! We now have computer ‘digits’ for our currencies (globally) and these ‘digits’ are being created by our banking system to keep our monetary system from collapsing into ‘nothingness’.

As long as traders and investors view ‘digits’ as real things (material objects composed of matter/energy) it is unlikely that any real change in monetary policy will develop. The reality that these ‘digits’ are mere units of our imagination will not be recognized by those in charge of our global monetary policy. In fact, prophecy (Providence) demands that the Mark of the Beast economic system develop (this is our current ‘digital’ currency system). Don’t expect any change in our money units for the next decade or longer.

The emerging Mark of the Beast monetary system is right on schedule and this system of man is what prophecy says must occur prior to the coming END. Digital money (a Cashless society) and a system where the rich get richer and the middle class and the poor get poorer is what must happen given that man is not in control of our real history. Providence (also called our Creator’s intelligence) is actually in control and this intelligence says that the Mark of the Beast monetary system must emerge prior to the END.

Eventually, our system will collapse from all the internal ‘contradictions’ (fantasies) but this will not happen for many years. The beginning of the END is soon here, but the END of Man’s corrupted SYSTEM is still a ways off (years). Prepare for the Mark of the Beast and the authorities (select elites) who will impose this SYSTEM on the world. It’s prophesied to happen and prophecy is ABSOLUTE (in my opinion). The End-times are everywhere for those few with enlightened ‘eyes’! Think for yourself! I am: https://kingdomecon.wordpress.com.

Some additional images to ponder:

Image result for what is the Mark of the Beast monetary system

This video will give you a general view of where our global markets are going! The information is essential for the FEW who desire to understand ‘reality’ over ‘FANTASY. Listen to the video and then THINK for yourself! All is relative today!

Click on the center triangle and plan to relax and watch/listen to what is emerging rapidly! Few comprehend money (even the experts are in the ‘dark’ on this subject)! The spiritual world (what is now at the core of money) is rejected by almost every monetary expert! This means that these pundits are left in the ‘dark’ on these crucial spiritual issues (called money and the Mark of the Beast)! Keep in mind that money rules this planet and those in Authority (who are mostly unaware of the spiritual realm) will not relinquish control of this concept called MONEY until their goals (of total control) are achieved. Providence rules ultimately!!!

16 Comments leave one →
  1. therooster permalink
    October 12, 2017 11:50 am

    “A stable dollar (for example) would promote price stability and general growth with less favoritism to the wealthy few. Is this a realistic goal?”

    No. Only someone who is not intimately familiar with the laws of the market and the specific law of weights and measures would say yes to this.

    A gold backed dollar with a fixed price peg doesn’t work because available liquidity is limited to the amount of gold weight that a country has access to. That’s a limited and finite prospect going forward and exactly why the gold price had to be set free to float.

    The free floating dollar, left to itself to support the economy doesn’t work either because of the over-leveraged debt that ends up cannibalizing the economy over time. This is why fiat currency, left to itself to provide liquidity has always failed and is failing now. Nothing new here.

    Now that gold has scalable trade value, however, the market is now putting gold currency back into circulation, but unlike anytime in history, gold mass (unit of account) now has fully scalable trade value and expandable market liquidity that is theoretically without any limits.

    Limited gold weight meets real-time price valuations. The law has come to pass because the reality of the economy , regardless of its rate of growth , is that it is a real-time event.

    goldmoney.com.

    Like

    • October 12, 2017 2:45 pm

      Your perception and understanding is seriously flawed, Dan. You, however, can not discern your own deceptions. D

      Like

      • therooster permalink
        October 12, 2017 3:01 pm

        That’s not an argument , Don. That’s a rant. Give us a lucid argument.

        I notice you cannot zero in on any particular fault in the goldmoney model. Are you still confused after we earlier agreed that trading a measure of gold for a man’s new suit was a fair trade ?

        Like

    • October 12, 2017 4:07 pm

      Gold scalability is meaningless when price is suppressed and manipulated via trading gimmicky. There is no free market in gold and silver. Wakeup. D

      On Oct 12, 2017 11:50 AM, “Kingdom Economics – The Future Is Now” wrote:

      >

      Like

      • therooster permalink
        October 12, 2017 4:36 pm

        You have to understand why it’s suppressed and the process that sets it free. When you understand that monetization and circulation is what gives it tremendously increased real utility, then you might understand the real catalyst to set the price free.

        Gold that sits idle and unemployed in hoards like a golden calf in the desert of economic depravity has no economic utility. The value is in the circulation.. That’s real economic value.
        Price will follow that value, not lead.

        Gold that sits idle is an easy mark for short sellers. They have no fear of gold that is overstocked and collecting dust. Why would they ?

        Monetization will see them reverse and even go long.

        Hammers have no utility value if they are not swung. Like gold, the value is in the movement.

        Without the movement, they are both just paper weights.

        Like

      • October 12, 2017 10:14 pm

        Why is gold price suppressed? D

        Like

      • therooster permalink
        October 13, 2017 5:25 am

        Because, Don, it would be far too dangerous to let the price run free without market monetization and circulation leading the way. People are creatures of habit and on the basis of buying and hoarding and driving the price of gold up, higher gold prices with debt still ruling the liquidity highway is potentially dangerous for the economy. We don’t need demand, we need utility demand and unless utility demand shows up, shorting will likely continue.

        Central banks have a massive interest in gold’s market monetization and on the basis of the consumer playing ball on what is truly a full team event, CB’s will ensure that the practice of shorting gets thwarted.

        It should be fairly obvious that western nations and their central banks laid the foundation for the market monetization of gold for all consumers , beginning at Bretton Woods in 1944

        Gold in circulation breaks the Newtonian cycles of boom & bust, allows central banks to manage fiat currencies far better and also gives the banks added revenue from the global price model where that data is used to measure gold settlements in real-time debt-free transactions, with no currency doing better than the USD which is the “measure of measures” and lone measurement tool for gold’s trade value.

        Trading a measure of gold for a new suit never looked better for the USD. It’s gold’ measure.

        Goodbye petro dollar …. hello global prosperity !

        goldmoney.com .

        Like

      • October 13, 2017 9:32 am

        We are approaching 9 years without a correction. Is this the new normal? Gold should be $5000. Why?

        Like

      • therooster permalink
        October 13, 2017 10:30 am

        Gold’s price should be exactly where we find it based on its real utility value and service to the economy. Considering that so much of it is sitting in hoards, unemployed, I”d say that it’s fortunate to be trading at $1300/oz.

        It really makes one wonder what it will be trading at when it gets off its ass and finds a proper job in circulation supporting the real economy with debt-free support. That’s value !!! Price will follow.

        Like

      • October 14, 2017 9:41 pm

        What is utility demand? Never heard this term. Define what you mean. D

        On Oct 13, 2017 5:25 AM, “Kingdom Economics – The Future Is Now” wrote:

        >

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      • therooster permalink
        October 15, 2017 8:20 am

        The word, “utility”, I am using in the economic sense, as something that contributes to economic activity on the basis of perceived market value. The creation of a coin or an ingot does this but my reference here is post creation.

        What does finished gold do in the utility sense to contribute to real economic activity after a finished coin or an ingot has been created ? What choices does it have ? What choices do WE give it ?

        This is where we can be highly critical in a fair and objective analysis. For the purpose of this discussion , I’m going to eliminate gold that is further used in fabrication for applications like jewelry , electronics and dentistry, etc. Let’s just deal with the remainder.

        This chart provides a good illustration. You’ll note that investment and central bank/institutional holds play a significant role in where gold is held. This gold has no utility in the sense of creating economic activity. Static gold stores of value and/or investment can be seen in the same context as hoards. Dead gold that is unproductive. There is no contribution into the real economy.

        Note there in no category for monetary gold in the sense that this demand and application would represent market gold in the currency sense where mass (or weight) is the actual unit of account so that gold is actually acting as its own sovereign form of debt-free money. This is exactly the kind of demand and utility application for gold that goldmoney.com supports. It’s gold in motion in the monetary sense.

        https://www.statista.com/statistics/274684/global-demand-for-gold-by-purpose-quarterly-figures/

        Like

      • October 14, 2017 9:48 pm

        Gold moves as it is traded. There is constant movement as AU and AG are traded internationally. What we now need is a rejection of all faith money. Gold will then become legal tender and it will be traded daily. Digital 💰 is a corruption of finance. D

        On Oct 12, 2017 4:36 PM, “Kingdom Economics – The Future Is Now” wrote:

        >

        Like

  2. therooster permalink
    October 15, 2017 8:37 am

    Don .. you say gold moves as it is traded. This is true but 99% of your reference is to gold trading for some form of paper, fiat currency, specifically. That only leaves gold in the role of a store of value or an investment.

    My reference to gold with super enhanced monetary utility is when gold trades for economic widgets and supports the real economy … like trading a measure of gold for a man’s new suit.

    When a society moves toward this kind of debt-free trade, the use of debt becomes diminished , as does the demand for fiat currency. This allows interest rates to rise safely and have over-extended and highly leveraged debt levels reduced by conventional market means. In effect, the circulating gold, with mass as the unit of account, acts as a displacing agent to allow debt to be destroyed because of the supplementing effect.

    This effect of entering gold into circulation (by consumer spending) and allowing debt to be more easily paid down & purged (due to slack) not only supports the real economy, but the associated debt purging makes fiat currency stronger ! Less supply.

    The debt based paradigm is like a Yin in the absence of its Yang. The Yin , left to itself is a hierarchical paradigm that cannot survive on the basis of mounting debt. When we add the Yang (gold money) the structure morphs toward symbiosis and creates winners all the way around the world.

    Like

  3. October 15, 2017 4:43 pm

    I would agree that gold does not add much economic utility to our economy. Gold is mostly stagnant and not used in commerce for goods and services. So the utility value of gold is near zero. D

    Like

    • therooster permalink
      October 15, 2017 8:53 pm

      The utility value is growing thanks to goldmoney.com

      We can now make debt-free purchases using 100% gold backed digital currency. As such, systemic debt can be safely purged.

      Like

      • October 15, 2017 8:54 pm

        Slowly and less than 1 percent of transactions. D

        On Oct 15, 2017 8:53 PM, “Kingdom Economics – The Future Is Now” wrote:

        >

        Like

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