Staff Reports
President Trump has a big task ahead to fix the broken money system in America, says a recent article by James Soriano. The U.S. dollar, which is used to buy things, is not very stable. This means it can change in value a lot. The price of things going up all the time – like when a candy bar costs more and more – is a big problem. If money doesn’t have a set value, things can get expensive fast!
Soriano talks about how in the past, money was tied to gold, a shiny metal that is very valuable. This helped keep the value of money steady. But in 1971, America decided not to do this anymore. After that, money could change in value all the time. This made things harder for countries all over the world!
BREAKING: A New York judge delays a decision on President-elect Trump's immunity claim in his “hush money” case. https://t.co/lJKYjz860U
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President Trump wants to make a change. He thinks tying money to gold again can help. This would stop the value of money from changing too much. It’s like when you have a robot helper doing the same job every day – things stay more predictable!
By tying money to gold, America could have more control over its economy. If the price of gold goes up, it could mean there might be too much money around. Selling some government bonds could help fix this. If the price of gold goes down, it could mean the economy needs some extra cash to keep going. Buying bonds could help with that!
Some people think going back to the gold standard might be a good idea. This could stop the value of money from going wild. President Trump wants to give this a try to make America’s economy stronger. Gold might just be the key to making money great again!
It’s important to make sure money is worth the same today as it was yesterday. President Trump believes bringing gold back into the picture is the answer. By making this change, America could have more stability and control over its economy. It’s time to fix the broken money system and make America prosperous again!
