Gerald Celente -- 'Gold standard won't save US'

Steve Forbes is championing a return to a gold standard in five years time. Will that help the slumping American economy though? Gerlad Celente of the Trends Research Institute says no. Forbes has flip-flopped on the issue before and his predictions regarding the price of oil never panned out. Today, it seems, like the only thing "good as gold" is the decline of the US dollar.

Category:

News & Politics

Tags:

• RT America
• RTAmerica
• Kristine Frazao
• Gerald Celente
• Jim Rogers
• Ben Bernanke
• Forbes
• economics
• finance
• Trends Research Institute
• US dollar
• gold
• economic crisis

[Rockstar97321]

What Bernanke understands, is that he has to do whatever his bankster mob bosses tell him to do. The Federal Reserve crime bosses have been lying to the people ever since the Federal Reserve stole the money system from We The People in 1913. They always stand invisibly behind a mouthpiece. That way, when the people throw the bum out, they simply replace him with another; and the people never catch on. This method is older than Rome; they do it with corporate heads, congress - even the president.

[tzontlilic]

@mrfcukdevil

Why? Because the truth is too hard to take for your little heart and naive, propadandized brain?

[AtomicHoosier]

@LibertySteve Well said.

[TabooRealities]

A gold standard will stop the wars.

[LibertySteve]

@striker3 Funny how that "overlooked reality" myth is repeated mindlessly 30 times in every thread about gold. If you had one atom of au, you could issue a currency based on some fraction of one atom. Did you know there isn't enough dollars in the world to do what you ask? So not only are you wrong, it doesn't even matter because the currency gets recycled as it *circulates*.

[LibertySteve]

@MrStoreyjs I'm so sick of hearing such magical math. Things are cheaper when they are in greater supply. By what crazy voodoo does printing money increase the efficiency of your manufacturing? My marks may buy twice as many dollars, but that doesn't help me if widgets cost twice as many dollars. Any benefit comes by suppressing real wages with inflation. So, do what if I sell more, but can buy less bread? Your ideas are killing us!

[MrStoreyjs]

@sethisawesome If our currency is weaker than that of elsewhere's it makes it cheaper for people in "country elsewhere" to buy our exports, hence, bolstering our manufacturing sector/creating jobs here. Also, It makes it cheaper for people from abroad to travel here ($ 4 us) & invest here. It also makes it less profitable for foreign oil producers to sell here, hence giving our growing fuel sector a chance to create jobs & dominate abroad. Other elements hurt your spending power..

[maxellcdr12]

This looks like a fake news channel

[sethisawesome]

@MrStoreyjs How is a weak currency beneficial to citizens? As currency is devalued it literally robs people's personal money supply. If I have 100 dollars and the dollar undergoes an inflation of 2%, then suddenly, without my doing anything, my 100 dollars is only worth 98 dollars. How is that a good thing?

[QuangNokonoko]

@Rockstar97321 Gangsters never show their faces, Gangsters hail privacy and avoid the media as much as possible, unless they want to use the media to distract us with some random sh#t. The Fed is run by those Gangsters I was referring to. When you think of Gangsters you probably think of men in nice suits, tie smoking cigars and laughing at the declining middle class, this is what Gangsters did in the past and this is what they're doing now, but we (the people) could stop them, RON PAUL 2012.