Judy Shelton's Gold-Backed Bond Idea Comes to the Treasury

In this appearance on the And We Know show, Dr. Kirk Elliott discusses Treasury Secretary Scott Bessent bringing on Judy Shelton as a consultant and explains her long-standing proposal for a gold-backed bond that, at maturity, would let holders choose conversion into dollars or gold, drawing on existing US gold reserves revalued from their official book price to market value. He explains why he sees the appointment as a meaningful step toward sound money, even as he remains critical of Treasury policies he views as inflationary. He also discusses six of Canada's largest banks building programmable payment tokens, why he believes programmable money raises serious privacy and freedom concerns, and why tangible assets sit outside digital payment rails. He contrasts this with Anthony Scaramucci's tax-focused proposals for the national debt, arguing that spending deserves attention first, frames physical metals as assets investors may want to consider, and invites viewers to schedule a consultation with the KEPM team.