Should we return to the Gold Standard

Every generation needs a revolution - an entrepreneurial revolution

The US leaving the gold standard has been alluded to the cause of inflation, (printing of too much money) and the de dollarisation (shift from dollar to other currencies in international trade.

Indeed what are the pros and cons of return to gold standard.     (some of the rapid progress we had was due to leaving gold standard)   There is a leak somewhere in the system as banks create money due to lending and the fractional reserve system)

https://www.britannica.com/story/pro-and-con-gold-standard

• old retains a value that has been recognized across the globe throughout history, and a gold standard self-regulates to match the supply of money to the need for it.
• A gold standard would reduce the risk of economic crises and recessions, while increasing income levels and decreasing unemployment rates.
• A gold standard puts limits on government power by restricting the ability to print money at will and increase the national debt.
• Returning to a gold standard would reduce the US trade deficit.
• A gold standard would force the United States to reduce its military and defense spending and could prevent unnecessary wars.
• Many politicians, businessmen, and organizations support the return to a gold standard.

CON

• The availability and value of gold fluctuates and does not provide the price stability necessary for a healthy economy.
• A gold standard would limit the ability of the Federal Reserve to help the economy out of recessions and depressions, and to address unemployment.
• Gold standards create periodic deflations and economic contractions that destabilize the economy.
• A gold standard would increase the environmental and cultural harms created by gold mining.
• Returning to a gold standard could harm national security by restricting the country’s ability to finance national defense.
• Many prominent economists oppose returning to a gold standard.

It hurts when politicians slam bank managers for the bank failures

Every generation needs a revolution - an entrepreneurial revolution

Some politicians (senators) probably slam the bank execs for the failure closure of the banks

But the outbursts which probably get more  votes are unfair.  No super manager can beat the situation

or would have figured out way of squeeze between low yield treasures, (as assets) and high cost 

deposits due to Fed action to increase interest rates.   Time is not on the  side of the bankers.

That is why the regulators cant do a thing.   

Take note that PDIC is undercapitalized to handle further stresses of the banking system.   JP Morgan is the only entity that can even probably save the FED.  

Some advices skills to be learned by real estate brokers agents:

Every generation needs a revolution - an entrepreneurial revolution

1,   On pre development marketing and prices.    

      Some agents say that buyers will come as soon as prospects see massive development and construction

      One of key features and excitement in real estate is OPM (other peoples money) and leverage.   A

      developer would not not want to spend a single centavo on development.   So developer would

      not break ground unless:    project is fully sold out, full dp has been made.

      If we just wait for project to be fully developed before selling, thats a no no for most smart

      developers....   That is why you offer pre developed low prices.  Once it is fully developed....

      You really have to work hard on winning attitude, and upgrading sellers skills.   

2.  On tripping and network

     Most sellers do not have direct listings but have listings of other agents.  They trip only one

     another and pad the commission with more intermediary agents.  An agent should try to get

     direct listing so that he/she can control her income  and the negotiation

     Be sure prior to the tripping:

     1.  You have located the property properly at Google maps

     2,  Complete clear docs:    TCT/Oct, Tax Dec.  Free Patent, ba?  (take note of 5 years restrictive

           period)  Sec 4 Rule 74 if inherited

     3.  Subject to EJ ba (if owners are deceased)

     4.  Site   - is it suffering from irreparable conditions:      flooding, earthquake prone, near a

          ravine, former dumping ground, cemetery 

3.  ATS

     Secure an ATS specifying the property the amount of commission to be paid, the price

     and other perks.   Be sure everything is clear and that you are authorized

4.  Option agreement

     (/For those complaining that nasulot ang deal, kasi panay kuwnetuhan lang ng seller, walang

        klaro at serious na legal na deal)

     There must be a document that must be signed between seller and buyer if there is meeting of the mind

     1   Option money -  promise to buy and sell, a binder.   An agreement without PHP is non binding

          This binds the buyer and seller:

          1.  That the property shall not be dealt with anyone else during a specified period;

                (at the risk of penalty)

         2.  Price will be fixed; he can not raise prices

    2.  Contract to sell if the buyer and seller intends to go on with the deal  (complete with representation and warranties and boiler plate provision

        You really need a lawyer to protect you in big deals.   Pay him fees (from your com)