How Trump Could Create a New Currency by 2020

30.03.2017 • Politics and War

By Bill Bonner – Bill Bonner’s Diary (USA) –

This month’s letter begins in the future, where a desperate but determined Donald Trump revives an 84-year-old plan and moves against the Fed and the banks to change the nature of American money.

With the stroke of a pen, Trump takes the power to create money (and debt) away from private banks. The United States government is now suddenly in charge of the quantity of money in the economy.

I’ll get to how and why and when Trump may take this action… and how you can invest today to play the current market forces.

But the crux of the matter is this: As long as money creation is privatized and done mostly by commercial banks, our current money system requires a constant expansion of debt to achieve growth.

This is unsustainable.

Subscribe here to read more.

Related Posts

Comments are closed.

« »