What if the DOLLAR Was Still Pegged to GOLD | Gold Standard | ENDEVR Explains

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Published at : 18 Sep 2021

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What if the DOLLAR Was Still Pegged to the GOLD

Gold Standard

Fiat Money

Business Explainer Video

Every once in a while, the gold standard goes back into fashion. The world has moved on from currencies attached to the precious metal for 50 years, but discussions around the topic are more vivid than ever. To understand why going back to the gold standard is still appealing to some people we need to dive into what are the disadvantages and advantages of the system.

00:00 Intro
00:56 What if we still had the Gold Standard
04:49 Research results - What if we had the Gold Standard between 2000 and 2020
08:43 Chapter 2 - The Bretton Woods System

If you are interested in this video, you might also like to watch about fiat money, gold logistics and cryptocurrencies. Here:
https://www.youtube.com/playlist?list=PLaevADMuI9-GLC71kHSv_46tQGncKQ2CT

Sources:
1: https://www.econ.iastate.edu/node/707
2: Debt: https://www.cbo.gov/system/files/2021-02/56970-Outlook.pdf
GDP: https://www.bea.gov/news/2021/gross-domestic-product-fourth-quarter-and-year-2020-second-estimate
Gold reserves: https://fiscal.treasury.gov/reports-statements/gold-report/current.html#:~:text=Book%20Value%3A%20The%20Department%20of,30%2C%202020%20was%20%24493.4%20billion.
3: https://fred.stlouisfed.org/series/GFDEBTN
4:https://gold-standard.procon.org/
5:https://www.nytimes.com/roomfordebate/2010/11/09/back-to-a-gold-standard/hindering-recovery-fostering-protectionism
6:https://gold-standard.procon.org/
7: https://www.nber.org/system/files/working_papers/w28015/w28015.pdf
8: https://www.economist.com/finance-and-economics/2020/12/16/what-if-a-gold-standard-were-still-in-use
9: https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/trump-gold-standard/#:~:text=For%20example%2C%20if%20the%20US,heavy%20gold%20bullion%20or%20coins
10: https://www.forbes.com/sites/nathanlewis/2020/03/27/what-if-we-had-a-gold-standard-right-now/?sh=37ca04793e58
11: https://qz.com/1646318/why-trump-and-judy-shelton-want-the-us-back-on-the-gold-standard/
https://www.bloomberg.com/news/articles/2012-08-31/gop-in-gold-we-trust
12: https://qz.com/1646318/why-trump-and-judy-shelton-want-the-us-back-on-the-gold-standard/
13: https://www.nytimes.com/2020/11/17/business/economy/judy-shelton-fed-vote.html?searchResultPosition=1
https://thehill.com/policy/finance/533459-wall-street-braces-for-tougher-rules-under-new-democratic-majority
14: https://www.wsj.com/articles/SB908404688647130000
15: http://www2.econ.iastate.edu/classes/econ355/choi/1900mar14.html
16:
https://www.thebalance.com/what-is-the-history-of-the-gold-standard-3306136#citation-29
http://www2.econ.iastate.edu/classes/econ355/choi/1900mar14.html
17: https://www.thebalance.com/what-is-the-history-of-the-gold-standard-3306136#citation-29
18: https://www.nytimes.com/1933/04/06/archives/hoarding-of-gold.html
19: https://www.usmint.gov/about/mint-tours-facilities/fort-knox
20: https://www.nytimes.com/2013/03/03/business/bretton-woods-monetary-agreement-examined-in-a-new-book.html
21: https://2001-2009.state.gov/r/pa/ho/time/wwii/98681.htm#:~:text=The%20Bretton%20Woods%20Conference%2C%20officially,post%2DWWII%20international%20monetary%20system.
22: https://www.nytimes.com/2013/03/03/business/bretton-woods-monetary-agreement-examined-in-a-new-book.html
https://www.nytimes.com/2014/07/25/opinion/a-chinese-gold-standard-renminbi.html
23: https://www.nber.org/system/files/chapters/c6876/c6876.pdf
24: https://www.thebalance.com/what-is-the-history-of-the-gold-standard-3306136#citation-29
25: https://qz.com/1646318/why-trump-and-judy-shelton-want-the-us-back-on-the-gold-standard/
https://history.state.gov/milestones/1969-1976/nixon-shock
26: https://history.state.gov/milestones/1969-1976/nixon-shock
27: https://qz.com/1646318/why-trump-and-judy-shelton-want-the-us-back-on-the-gold-standard/
https://www.cvce.eu/content/publication/1999/1/1/168eed17-f28b-487b-9cd2-6d668e42e63a/publishable_en.pdf
28: https://history.state.gov/milestones/1969-1976/nixon-shock
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