Today should mark America’s march toward a winning currency policy.

Around 2:00 am this morning, it was projected that Donald J. Trump had secured enough potential Electoral College votes to be America’s 47th head of state. The official certification as president-elect will not occur until the middle of next month in the Electoral College with certification by the President of the Senate of the Electoral College votes to occur on 6 January 2025.

Mr. Trump has long advocated for a strengthened American manufacturing sector. In my opinion, he will have to pursue a weak dollar policy that aids investment in American labor and encourages the purchase of domestic product by Americans.

While neither candidate offered a robust discussion on dollar policy, it is clear from the anecdotal evidence offered in commentary from Democratic voters that the Democratic Party hung its hat on promising esoteric political packages versus sketches of policy designed to strengthen investment here in the U.S.

I have long said that the Democratic Party would implode, so this morning’s outcome is not surprising. It is one of the early chapters of the beginning. The Democrats have to create a narrative that aligns with the working man and woman, the only viable and reliable asset that drives the American economy.

Alton Drew

6 November 2024

Foreign exchange rates per the Board of Governors-Federal Reserve System.

EUR/USD=1.0848

USD/JPY=152.9400

Administered rates per the Board of Governors-Federal Reserve System.

Effective Federal Funds Rate: 4.83%

Interest on Reserve Balances: 4.90%

Discount Window: 5.00%

Treasury rates per the Board of Governors-Federal Reserve System.

2-yr Treasuries: 4.17%

10-yr Treasuries: 4.31%

The Campaign for Real Money

I have launched an advocacy campaign called “The Campaign for Real Money.” This campaign calls for the Congress to recognize individually issued currency backed by valuable assets and bank issued currency backed by valuable, employment-creating assets.

The United States’ monetary policy encourages the issuance of deflated dollars based on the issuance of IOUs backed by no productive value. If the United States is to maintain a currency that attracts investors, while competing against the currencies of resource-based countries, the U.S. must issue currencies backed by real money, by productive energy.

The cost of advocating before Congress and the Executive branch is expensive. Your donations will allow me to provide the most effective advocacy. Thank you for your support.