Tariffs Versus Gold As Regulator Of Trade
I harp all the time about tariffs and barriers. Today's news bears me out in this matter. The US is ideologically unable to use ancient tools to protect our sovereignty. Japan's GDP is above 3% while ours is going negative. The need to protect our currency and our trade is very important. Deliberately making a currency weak for trade purposes won't work for the US. It only makes our situation worse. And increases the hidden and not so hidden future taxes of our people. We also go back to the great book, 'The Bubble That Broke the World' to learn more about gold and international trade. Also, we visit an old, old Federal Reserve report about gold reserves written the first year of WWII. Back when the US was the world's most solvent nation.
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