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GOLD: President Trump To Nominate Fed Critic Judy Shelton To Fed Reserve Board

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President Donald Trump announced Tuesday that he plans to nominate his economic adviser Judy Shelton to the Federal Reserve Board of Governors.

Shelton, who was on the board of directors of Hilton Hotels, represents Trump’s third try to get one of his people into one of the two empty slots on the all-white Fed Board after Herman Cain and Steve Moore both pulled out due to establishment criticism including from Willard “Mitt” Romney. Economist Christopher Waller is also set to be nominated.

Shelton recently wrote for the Wall Street Journal in a piece entitled “The Case For Monetary Regime Change“:But it is wholly legitimate, and entirely prudent, to question the infallibility of the Federal Reserve in calibrating the money supply to the needs of the economy…It’s entirely reasonable to ask whether this might be better assured by linking the supply of money and credit to gold or some other reference point as opposed to relying on the judgment of a dozen or so monetary officials meeting eight times a year to set interest rates.”

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“It’s like paying the banks to do nothing,” Shelton told the New York Times, referring to the system of paying interest on the Fed’s excess reserves.

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Mexico is in Third Place for Wuhan Virus Deaths Yet Democrats Still Want to Open the Floodgates to Mass Migration

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According to the John Hopkins Coronavirus Resource Center, Mexico is ranked in third place for Wuhan virus deaths.

The country has 462,690 confirmed cases, with 50,517 people having died from the virus. This puts Mexico’s case fatality rate at 10.9 percent

According to a report from Breitbart News, Mexican officials assert that the “high number of fatalities is due to the fact that people are fat and eat junk food.”

There is speculation that the numbers disclosed by the Mexican government have been filled with cases of rampant undercounting. Some officials believe that the numbers could be three times as high as those officially recorded, according to a Breitbart Texas report.

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As of August 7, 2020, the following countries led the way in terms of Wuhan virus related deaths.

 

  1. United States — 160,104 fatalities
  2. Brazil — 98,493 fatalities
  3. Mexico — 50,517 fatalities

Although the conventional narrative is that high diabetes and obesity rates contributed to Mexico’s high Wuhan virus death count, Ildefonso Ortiz of Breitbart News pointed to information from the government epidemiology oversight database which “revealed that in Mexico City, many of the fatal patients were actually otherwise-healthy young adults who did not have access to a ventilator” according to a Forbes report.

Regardless of what the root causes of Mexico’s Wuhan virus death are, the U.S. needs to get serious about fully securing its border.

Let’s face it, Mexico is a failed state and its problems will inevitably make their way to the U.S. if the border remains relaxed.

With Democrat candidate Joe Biden calling for radical open borders policies, the U.S. is on the cusp of unleashing a tidal wave of social and public health dysfunction should he beat President Trump in November.

The Trump administration needs to get serious about this matter and completely secure the border while exposing Biden’s mass migration radicalism.

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