Multi-Billionaire Hugo Salinas Price – Trump May Shock The World By Putting U.S. Back On Gold Standard
KingWorldNews.com
June 14, 2018
With the dollar surging hand-in-hand with the price of gold, today Multi-billionaire Hugo Salinas Price warned that U.S. President, Donald Trump, may be moving the United States back to the gold standard.
Trump Moving US Back To Gold Standard?
June 14 (King World News) – Multi-billionaire Hugo Salinas Price: Way back in 1995, when Mexico was in the throes of another financial crisis, I figured out the problem of the existing world’s monetary system, based on the paper dollar as the fundamental currency of the world…
In my ignorance, I did not know that a man named Triffin had already pointed out that problem, which became known as “Triffin’s Dilemma”.
The problem is really very simple:
If the dollar – such as it is – is going to be the basis of the world’s monetary system, and therefore required by all Central Banks as Reserves, there is only one way that these CBs can obtain those Reserves: their countries are forced to undersell all US producers, in order to be able to sell more to the US, than they buy from the US. The difference between the dollars they get from sales, is more, than the dollars they spend to buy from the US. That difference – known as the US Trade Deficit – flows to the CBs of the world and swells their Reserves.
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