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Author: A Gold Standard Is ‘a Very Impractical Way to Run a Modern Economy’

The United States abandoned the gold standard for the dollar in 1971; President Donald Trump advocates for a return to it. Journalist James Ledbetter argues in his book “One Nation Under Gold” that “many of the worst economic catastrophes that have happened in American history happened when we were on a gold standard,” he told NPR.

He told Doc Thompson on TV Thursday about all the places the U.S. is known to store gold — and all the mysteries surrounding it. He said that although he is “not a purveyor of conspiracy theories,” the facts surrounding gold in America show “lots of things are possible.”

Ledbetter disclosed the “fishy” tale of former president Franklin Delano Roosevelt’s 1933 buy up of Americans’ gold and strange documentation choices by the government. The U.S. also flew “tons and tons” of unweighed gold  in 1967 from Fort Knox to the United Kingdom, which was panicked over the devaluation of the pound.

He said that gold is a “very impractical way to run a modern economy,” what with the expense of finding it, getting it out of the ground, and storing it — not to mention the government’s unexplained transportation history of the precious metal.

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Bill O'Reilly: How corrupt media twisted Joe Biden Ukraine scandal onto Trump

Bill O'Reilly gives his take on whether or not President Trump DID promise or threaten the President of Ukraine for dirt on Joe Biden, and whether or not the action is grounds for impeachment. But O'Reilly explains that either way, the media has demonstrated its corruptness yet again by manipulating the story away from a scandal for Joe and Hunter, and towards a potential, rumored wrongdoing by Donald Trump.

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The Fed, banks printing money to 'prevent' trouble: Recession WILL come soon

Glenn discusses the current state of the economy with author of "Zero Hour," Harry Dent. He says the federal reserve is still funding big banks daily to increase their excess reserve, signaling that something is wrong with the system. Dent says the banks printed money back in the 1930s to climb out of the Great Depression, which only created an aftershock that was even worse. Banks and the Fed are doing the same thing today, so will the coming economic crisis be worse than the 2008 recession? Economist Dent says it's possible, and that it could come as early as 2020.

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Lessons from Bill and Monica: Trump, Biden, Obama, Ukraine, and corruption

Glenn says there's an important lesson we can all learn looking back on the Bill Clinton and Monica Lewinsky scandal: corruption should matter, no matter which political party is to blame. So why are Democrats and the media trying desperately to shame President Trump for alleged corrupt action, but ignoring Joe Biden's clear intention to help his son, Hunter, profit through foreign policy in the Ukraine? How do we fix such a double standard?