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Why Did The Treasury Bring In Judy Shelton?
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0:00lesson
Gold's role in monetary reform
- Judy Shelton added to Treasury as gold advocate
- China building gold reserves and alternatives to dollar
- Debt rising with financing costs climbing
- Timing of Shelton's appointment is notable
- Openness to thinking outside the box implied
1:47lesson
Need for manufacturing revival
- Reliance on foreign countries for critical goods
- U.S. now a consumer, not producer
- Spending 1.1T to pay interest on debt
- Borrowing to pay existing debt is unsustainable
- Call to think outside the box for economic recovery
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