Is Donald Trump Moving Us Toward A Gold Standard?

• “The Bank War was the name given to the campaign begun by President Andrew Jackson in 1833 to destroy the Second Bank of the United States.”
  – History Channel
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• Is Donald Trump Moving Us Toward A Gold Standard?
  by jay taylor, http://jaytaylormedia.com/, 9 July 2018
  A few weeks back, an article by Hugo Salinas Price crossed my desk, discussing “Triffin’s Dilemma,” which I found of theoretical interest. But given time constraints I read it quickly and then put it on the back burner. But the concept of theoretical suddenly changed to extremely important when my friend David Jensen called me to suggest that there is a method to Donald Trump’s seemingly mad economic and geopolitical policies including tariffs and the reversal of the Iranian nuclear deal that Obama orchestrated. Moreover, David is convinced that Triffin’s Dilemma not only explains Trump’s political success and the reasons for his policies but that we may be nearing a massive tectonic shift in global markets as a result.
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  Trump became President because he appealed to the forgotten middle class, most of who live in what elite snobs of both political parties refer to as “flyover country.” They happen to be mostly white and, whether Republican or Democrat, more conservative. Many of them used to vote Democrat but because Democrats have learned to rely on immigrants and a growing number of Marxist-indoctrinated college youths, they have largely forgotten about the interests of middle class white Midwesterners. That is a very large group of people hurt very badly by a massive loss of wealth-creating jobs in manufacturing and mining. The standard of living has plunged since the early to mid 1970s primarily for people in the Midwest. The question is, why?
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  Triffin’s Dilemma provides the answer and David’s call made me aware of that. The article by Hugo is titled  Donald Trump’s “Madness,” which you can read here: http://www.plata.com.mx/enUS/More/353?idioma=2. Hugo explains Triffin’s Dilemma as follows: “If the dollar – such as it is – (or any currency) is going to be the basis of the world’s monetary system, and therefore required by all Central Banks (CBs) 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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  read more.

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