2024-04-23 04:18:40 ET
Summary
- The changes of the past years promote the status of treasuries to be regarded as narrow money, accompanying and oversizing the base currency of the Fed.
- Until the fiscal deficits slow, gold will break more records.
- Fiscal deficits and national debts are alarmingly high, and balancing the budget is necessary.
Introduction
“Both wealth and governance belong to the people, not just the kings.”
This 3100-year-old quote came from my top-rank Chinese in history Jiang, the founding prime minister of the Zhou dynasty when he was 70 years old and lived till 140. His deeds were recorded in the book of 6 conversations, that covered topics and set the stages of civility of governance, military, and philosophy, as the father of all well-known Chinese philosophers who came 500 years later. In today's political and economic system, his ideal is called socialistic democracy, like the German ruling party, which may solve some of the current problems of increasing diversion in wealth inequality and mounting sovereign debts. Prosperity for all people is the goal of mankind....
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Narrow Fiat Money Supply And Gold