The gold standard worked because it made every government deficit a direct assault on the nation's money supply—and markets punished politicians immediately for their fiscal recklessness.
Under gold, when Congress spent beyond tax revenues, the Treasury had to borrow real money from real savers. No magical money printing. No Federal Reserve buying government bonds with newly created dollars.
Politicians faced the same constraint as every household: you can only spend what someone else saved first. And foreign creditors could demand gold redemption at any time, creating an automatic brake on inflationary spending.
The mechanics were beautifully simple. Britain's pound sterling maintained its gold parity for over 200 years because the Bank of England raised interest rates whenever gold flowed out of the country. Higher rates attracted foreign capital and made domestic credit scarce—forcing the government and private borrowers to compete for the same limited pool of savings. Deficit spending meant crowding out private investment, and voters saw the immediate consequences in higher borrowing costs.
You can see this discipline in action during the Panic of 1893. Cleveland's administration faced massive gold outflows as investors lost confidence in America's fiscal position. Instead of printing money, Cleveland arranged private gold purchases from J.P. Morgan and European bankers—paying market rates for the privilege. The federal budget had to balance because the alternative was national bankruptcy and gold standard abandonment.
Modern economists call this "barbarous" because it prevented their beloved countercyclical spending. Damn right it did. Politicians couldn't promise infinite benefits funded by invisible taxes on savers. Every war, every welfare program, every government expansion required convincing actual people to lend their actual savings.
Remember, under birthright citizenship, every one of the millions of illegals Biden imported into the country from 100+ distant foreign lands, will have their children automatically decreed US citizens. Which means:
—Taxpayers will cover the entire cost of the birth and all future costs the parents cannot or will not cover
—The parents will enroll their “citizen” child in food stamps, Medicaid, cash welfare, etc. to be spent by the illegal alien parent
—The child will vote upon turning 18
—Any crime the child commits will be counted as a crime committed by an “American”
—The family can enjoy “legal” chain migration
The world will soon come to a realization, that the Democrats and the cartels, are on the same team.
They are both assets of the Deep State, who carry out racketeering operations, that fund their global criminal enterprise.
Human, drug, and weapon trafficking, feeds the eye.
This is yet another reason why the Dems are in favor of an open border, why they don’t enforce the law, why they let violent gangs operate freely, why they don’t want Trump deporting violent gang members, etc. It’s because the same people who own the Dems, also own the cartels. It’s all part of the same global crime syndicate.
The Dems are working with the cartels, which means the Dems are engaged in crimes against humanity.
We honor the Marines who raised the flag on Iwo Jima on February 23, 1945.
Those men bravely fought through one of the toughest battles in the Pacific.
Their courage drives our commitment to defend this nation with the same grit, sacrifice and unbreakable resolve they showed on that mountain.
YOU DID IT!! Thank you to all our volunteers who helped collect 1.3 MILLION signatures for the CA Voter ID Initiative! Here's what we need to do next to win in November:
This creature will be the reason crooked Democrats will be able to win the midterms.
And when they do, they will impeach President Trump, nuke the filibuster, and install mail-in voting scams for generations to come.