Thread: Donald Trump accepts gold bullion as lease payment from commercial tenan

Donald Trump accepts gold bullion (real money) as lease payment from commercial tenant
by Ethan A. Huff, staff writer

(NaturalNews) The return of real money has made a triumphant re-entry into the US economy with the recent acceptance by The Trump Organization of gold bullion as payment for a commercial lease property. APMEX, one of the largest dealers of precious metals in the US, paid Donald Trump's company three, one kilo bars (roughly 96.45 troy ounces) of .9999 pure Gold as a security deposit for its newly-leased space on the 50th floor of 40 Wall Street, also known as the Trump Building.

Representing the first time in history that Mr. Trump's organization has ever accepted gold bullion as a money payment, the transaction is truly groundbreaking. Not only does the property APMEX is leasing take up the entire 50th floor in Mr. Trump's "crown jewel" of lower Manhattan, but the sheer scope of its lease agreement proves once again that using Gold as money is a solid and viable way to do business.

"The legacy of Gold as a precious commodity has transcended to become a viable currency and an accepted universal monetary standard," stated Mr. Trump at a recent press conference for the event. "Central Banks around the world are holding Gold as a reserve asset. It is also a terrific, potentially lucrative diversifier in a portfolio, especially with such volatility in the stock market."

Until as late as 1971, when then-President Richard M. Nixon officially eliminated what remained of the US Gold Standard, the US dollar had been back by the precious metal, which gave it stability and real value. During the time in which the Gold Standard was in place, the US economy mostly thrived, and experienced a high level of economic growth and the free trade of goods, labor, and capital.

All the ups and downs in the current economy, the inflationary bubbles that eventually "pop," and the fluctuating perceived value of the US dollar, however, are the direct result of the creation of the private, centralized Federal Reserve bank in 1913. This group eventually uprooted the Gold Standard and replaced it with the inflationary currency system currently in place today, where the US dollar is backed by nothing.

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Originally Posted by Big Smoothy

The turning (IMO) was 1970.


Over 70% of the US economy is propelled - dependent upon - consumer spending. And a lot that private consumer spending was fuled by debt.

Not a good economic model.

the composition of the US economy is not balanced at all, it's ridiculous. it's mind boggling to me that people that are supposed to be experts at things forget the basics. the current economic model is not sustainable, the population of the US is very large, and the costs of various goods and services steadily increase far above real income growth.

when they took the economy in this direction leading with capital and investment how long did they think that was going to last? it's like they had no plan B after that, as if the economy is static...freaking idiots