In gold we trust? Ex-Trump economic advisor makes the case for US dollar reset
Judy Shelton, the independent author of the independent institute, speaks, Judy Shelton talks with Fox News about the US dollar, “the golden futures and economic plan for President Donald Trump.
The uncertainty in the market does not pass Judy Shelton, the main adviser to the former Treasury in the first transitional process of the Trump administration.
The monetary economist took a bullish position when it comes to the US dollar “reliable” and the increasing price of gold – and provides a unique stadium to ensure its financial stability.
“I am skeptical when people doubt the future of the dollar or the role of the American currency as a dominant reserve currency in the world. I think the dollar has a great future before that,” said Shelton, a colleague of the oldest independent institute and author of the book “Good Like Gold: How to launch the power of sound money.”
“I think we need to be honest with our foundational principles and double our efforts to restore sound financial affairs and sound money,” she said.
Trump calls Fed’s power
The “very smart thing” of the American economy will be that the Treasury Ministry will issue a 50 -year -old transfer safety safety, which can be exchanged, at merit, for a fixed amount of gold. Shelton hopes to see this on July 4, 2026, on the 250th anniversary of the signing of the independence declaration.
Economist Judy Shelton says Trump’s economy will build US dollars “reliable.” (Getty Images)
And it points out that America is the largest holder in the world in the official gold reserves, as the treasury has 261 million ounces with a batch value of $ 42. On Friday morning, the price of gold was about $ 3,340.
The US dollar kept its strength against other major currencies such as the Swiss Elaves and Frank, after the Federal Reserve announced on Wednesday that it would leave unchanged prices.
“It will be a good way to ensure that no person is in the following departments from now, then gets a bright idea to sell these golden reserves. Let’s use them in warehouses, to serve as a guarantee of this long -term golden bond,” explained.
“Then the golden bonds will become a measure of whether or not the United States, under the leadership of people at the White House, during the reign of congress, during the era of people in the federal reserve, can really make progress towards a balance between the budget, towards achieving sound funds.”
The independent institute’s colleague, Judy Shelton, is discussing the state of the American economy and the importance of the “gold standard” in “earning money”.
“Some positive reactions” are receiving so far from the current Trump administration about the idea, and other business leaders such as Fox Business “Larry Kudlo and Steve Forbes, and Shelton has expanded her argument for a” strong “dollar under the forty -seventh president.
“If the dollar is strong, this makes it very difficult for our exports to compete in foreign markets,” noted. “This makes the cost of imported goods look cheaper compared to the goods they produce locally. So I think people initially believe that we were applying the tariff, we automatically see our commercial partners trying to address their currencies.”
“Their weakest currencies mean that the dollar is stronger. This may also mean that if people begin to prefer locally produced goods over foreign goods,” Shelton added, because these imports are now relatively more expensive, there is less demand for these other currencies. “
“I think the economy is ready, ready and able to achieve the transformation.”
“There is no alternative to the US dollar as a backup currency in the world. So I expect to see the dollar enhances the future, and does not weaken.”
Shelton puts the responsibility of any uncertainty in the dollar on the federal reserve, as “people realize that the federal reserve is not all -science.”
The independent institute’s colleague, Judy Shelton, interacts with the criticism of President -elect Trump for the President of the Federal Reserve Powell in the Campan count.
“The Federal Reserve has not been delivered … and I believe that the Federal Reserve is working on a false comparison between growth and inflation. This is not what the preferences should be,” she said. “The need is that the return curve be logical, and not the inverted return curve that we have under the Federal Reserve. You need positive rates of the return.”
“It is recognized that the Federal Reserve is a restricted rate of borrowing. I do not think this is the way to go. I do not think that the Federal Reserve must specify the cost of capital as if the old Soviet Guosbank, the state bank, stipulates that this is the interest rate because we prefer to bring markets and demand for capital in the equation.”
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His colleague at the independent institute, Judy Shelton, is discussing whether the federal reserve has confidence in his economic data on “earning money”.
Using one word to describe the state of the economy today, the economist claimed to be “ready” to the full impact of the growth schedule on the side offered by Donald Trump.
“I think that the economy is ready, ready and able to achieve the transformation. The transformation is President Trump’s vision of moving from being an economy. I think it was increasingly turning towards being a director of the government and the government’s heating, to the one that will move it by the private sector initiative,” it will be much healthier, and it is produced much more than that, which can achieve the real claim. “
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2025-05-09 10:00:00
