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Trump's Fed Nominee Calls For A Return To Gold-Backed Currency, Even If Its Crypto Based
Summary: President Trump's nominee for the Federal Reserve board of governors, Judy Shelton, wants to return to a gold standard and potentially will use cryptocurrency to do so. In an interview on May 20, Shelton stated that central banks are "not serving the private sector in providing that reliable unit of account.” Shelton said that “under ...
President Trump's nominee for the Federal Reserve board of governors, Judy Shelton, wants to return to a gold standard and potentially will use cryptocurrency to do so.
In an interview on May 20, Shelton stated that central banks are "not serving the private sector in providing that reliable unit of account.” Shelton said that “under the gold standard, you did have that stability, and I think that’s what’s missing.” In terms of how the United States could return to the gold standard she believes it could be used in a "very cryptocurrency way."
By Ramsey Baker
Tags: Donal Trump,Federal Reserve,Gold,Judy Shelton,President Donald Trump
Link: Trump's Fed Nominee Calls For A Return To Gold-Backed Currency, Even If Its Crypto Based [Copy]
