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Keyword: goldstandard

Brevity: Headers | « Text »
  • On ‘Demand Side’ Economics: Why Spending Cannot Improve the Economy but Freedom Can

    09/13/2010 6:00:30 PM PDT · by Rebam98 · 9 replies
    www.amberpawlik.com ^ | 9/12/2010 | Amber Pawlik
    Quotes from On ‘Demand Side’ Economics The average person works and accumulates savings over 40 years in order to retire. From the time they start to the time they finish, assuming only 2% inflation per year, prices will have risen by 221%. Keynes gets the problem of economics completely backwards. The problem of economics is unlimited demand with limited supply. The implicit argument of Keynes is that the problem of economics is limited demand with unlimited supply. Politicians want to have their money and spend it too. Of course, it makes sense for the Federal Reserve to define their purpose...
  • Even Hillary agrees! Economics 101: Step 1

    09/13/2010 1:01:25 PM PDT · by USALiberty · 14 replies
    WorldNet Daily ^ | September 13, 2010 | Chuck Norris
    If Secretary of State Hillary Clinton warned last week that our rising national debt "poses a national security threat," should President Obama or any in his administration be suggesting any economic plan that increases it in any way? At last week's Council on Foreign Relations, or CFR, meeting, Secretary of State Clinton was supposed to be espousing "a new American moment" and boosting U.S. global leadership around the world, but she ended up dropping the country further in the tank (the debt tank that is), during an off-script Q&A time after her 45-minute speech.
  • The U.S. Will Go Back To The Gold Standard (If history is any indicator, it will happen by 2013)

    09/11/2010 1:36:21 PM PDT · by SeekAndFind · 167 replies
    Forbes ^ | 09/10/2010 | John Tamny
    French economist Jacques Rueff once said "Tomorrow, to save man, we will give him a real currency." For a world that has suffered nearly 40 years of economy-retarding currency instability, that tomorrow is very near. If history is any kind of indicator, by 2013 we'll return to money defined in terms of something real. No currency in history has lasted longer than 42 years after its intrinsic backing has been abandoned, and it was 39 years ago that President Nixon severed the dollar's link to gold. Over the ensuing decades the U.S. economy alone has suffered three dollar-driven oil "shocks,"...
  • What Bernanke doesn’t understand about deflation

    09/06/2010 8:44:36 PM PDT · by DeaconBenjamin · 11 replies
    Steve Keen's Debtwatch ^ | August 29th, 2010 | by Steve Keen
    Bernanke’s recent Jackson Hole speech didn’t contain one reference to the key force driving the American economy right now: private sector deleveraging (here’s the previous year’s speech for comparison’s sake). The reason the US economy is not recovering from this crisis is because all sectors of American society took on too much debt during the false boom of the last two decades, and they are now busily getting themselves out of debt any way they can. Debt reduction is now the real story of the American economy, just as real story behind the apparent free lunch of the last two...
  • Part 3 - Capitalist Myths - Work for a Boss or Starve?

    08/14/2010 11:01:46 PM PDT · by citizenredstater9271 · 2 replies
    Youtube ^ | Austrolibertarian
    Debunks socialist myth of "wage slavery".
  • Unemployment compensation-- the new early retirement & 3rd rail of American politics

    08/14/2010 9:08:25 PM PDT · by citizenredstater9271 · 10 replies
    Youtube ^ | Peter Schiff
    Peter Schiff explains unemployment
  • Drudge: NEW WORLD ORDER: BAILOUTS HELPED FOREIGN FIRMS...

    08/12/2010 2:54:39 PM PDT · by American Dream 246 · 25 replies
    APNews - DRUDGE ^ | 8/12/10 | MARCY GORDON
    WASHINGTON (AP) - The $700 billion U.S. bailout program launched in response to the global economic meltdown had a far greater impact overseas than other countries' financial rescue plans did on the U.S., according to a new report from a congressional watchdog. Billions of dollars in U.S. rescue funds wound up in big banks in France, Germany and other nations. That was probably inevitable because of the structure of the Treasury Department's program, the Congressional Oversight Panel says in a new report issued Thursday. The U.S. program aimed to stabilize the financial system by injecting money into as many banks...
  • What are the Benefits of Closing the Federal Reserve?

    08/11/2010 5:08:14 PM PDT · by citizenredstater9271 · 14 replies
    Youtube ^ | August 11, 2010 | Raisingdemocracy
    After the Fed is dead our private property will be better protected from the easy money, scarce money mortgage rip offs that private bankers have used for generations to swindle away the farms, homes, and businesses that we and our ancestors have worked so hard to acquire. With the Fed dead and gone every family will be better able to establish a hearth and home from which family stability, security, and prosperity can grow from generation to generation. With the Fed dead we can use our common money system to begin building new roads to prosperity. When individuals and families...
  • Ron Paul: if spending were solution, there'd be no problem

    08/10/2010 3:10:21 PM PDT · by citizenredstater9271 · 14 replies
    Youtube ^ | August 10, 2010 | RidleyReport
    Ron Paul shows why gov. spending is the worst way to avoid financial crisis. He shows why America needs to end the fed and go back to gold and silver if we want to survive.
  • Romney: 'Federal Reserve is audited'

    08/05/2010 7:29:59 PM PDT · by citizenredstater9271 · 17 replies
    Youtube ^ | August 5, 2010 | RidleyReport
    Mitt Romney's visit to New Hampshire triggers questions about his stance regarding the Federal Reserve. This is partial raw tape; more vid to follow.
  • The State as Cop-out for free marketers and communists?

    08/01/2010 12:37:01 AM PDT · by citizenredstater9271 · 3 replies · 2+ views
    Youtube ^ | July 31, 2010 | fringeelements
    If you want to know how the bureaucracy works this video is for you. We should be discussing the contents of this video. No it's not another Ron Paul video but it does bring up unknown facts about the FED.
  • Hyperflation Nation part 2 of 3

    08/01/2010 1:43:54 AM PDT · by citizenredstater9271 · 7 replies · 2+ views
    Youtube ^ | RONPAUL2012PRESIDENT
    This video provides shocking details about the future of America's economy. It's a MUST WATCH.
  • Ron Paul: Media "Amen corner" poo poos gold

    07/24/2010 2:21:26 PM PDT · by citizenredstater9271 · 48 replies · 1+ views
    Youtube ^ | July 24, 2010 | RidleyReport
    Ron Paul explains why we need to put our money in gold and how we can do that as America slowly drifts towards socialism. I'm fully aware I can't change any one's mind about Dr. Paul on FR but please listen to this video you might agree with some of what he says.
  • Economic history repeating itself

    07/21/2010 11:06:45 AM PDT · by horsappl · 8 replies
    Inflation Fears Grow After Fed Prints $1.2 Trillion http://www.cbsnews.com/8301-503983_162-4...03983.html Amendment Slipped Into Health Care Legislation Would Track, Tax Coin and Bullion Transactions http://abcnews.go.com/Business/gold-coin...d=11211611 Flashback: The Gold Confiscation Of April 5, 1933 http://www.the-privateer.com/1933-gold-c...ation.html On June 5, 1933, the United States went off the gold standard http://www.history.com/this-day-in-histo...d-standard Tracking wealth allows its confiscation, by means of taxation. Taxation is a disincentive to own property, and create wealth. Marxists create economic distress. If history provides evidence of failed solutions, repeating those solutions must be intended to bring about failure.
  • A Non-Cranky Defense of the Gold Standard (Why we need to return to it)

    05/25/2010 7:17:02 AM PDT · by SeekAndFind · 16 replies · 346+ views
    National Review ^ | 05/25/2010 | Avik Roy
    In today’s New York Times, Ross Douthat takes on Rand Paul and paleoconservatism on the Civil Rights Act and other issues. “Like many groups that find themselves in intellectually uncharted territory,” writes Douthat, “they have trouble distinguishing between ideas that deserve a wider hearing and ideas that are crankish or worse. (Hence Ron Paul’s obsession with the gold standard and his son’s weakness for conspiracy theories.)” Douthat is being a bit unfair here. Paleoconservatism isn’t intellectually uncharted territory; whatever its faults or merits, its acolytes built the philosophical foundations of Cold War conservatism. But I don’t want to digress into...
  • Banking and Currency and The Money Trust

    05/18/2010 9:51:14 AM PDT · by altair · 8 replies · 352+ views
    Yarmaguchy Incorporated, Yarmulka Inc. ^ | Summer 1913 | Charles A. Lindbergh
    The market prices of commodities vary from day to day and often several times a day. This occurs when there is no radical difference in the proportion of the supply and the natural demand. This fact is conclusive proof that our system is controlled by manipulators and fundamentally wrong. I have sought to elucidate this problem within this volume and have suggested a plan which, if adopted, would make the people the master of the world, instead of the present master—THE MONEY TRUST.
  • What Is American Corporatism? (Ron Paul Is Actually Correct: Obama Is A Corporatist

    04/15/2010 6:52:37 AM PDT · by Laissez-faire capitalist · 91 replies · 1,315+ views
    Front Page Magazine ^ | 9/13/2002 | Robert Locke
    What is corporatism? In a (somewhat inaccurate) phrase, socialism for the bourgeois. It has the outward form of capitalism in that it preserves private ownership & private management but with a crucial difference: as under socialism, government guarantees the flow of material goods which under true capitalism it does not. In classical capitalism...government's role in the economy is simply to prevent force or fraud from disrupting the autonomous operation of the free market...Under corporatism, it is not, instead being systematically manipulated to deliver goods to political constituencies... Unlike socialism, corporatism understands that direct government ownership of the means of production...
  • After the collectivist winter, will come the spring

    01/02/2010 4:34:29 PM PST · by Tolerance Sucks Rocks · 8 replies · 692+ views
    Vin Suprynowicz ^ | January 2, 2010 | Vin Suprynowicz
    And so the solstice passes and a new year dawns, leaving “newsmen” everywhere with a dearth of “news” to report (since the government bureaus close down, issuing no new edicts for the “newsmen” to interpret and praise, which should give you some indication of what really passes for “news,” these days.) Traditionally, those in the “news” business respond by taking a stab at predicting noteworthy events of the year to come. We can predict the future quite accurately. Unfortunately, accurate predictions are a bore. The sun will rise 363 more times this year. When I ask for extra salt and...
  • Gold & Money In America

    11/30/2009 11:30:26 AM PST · by Ohioan · 25 replies · 820+ views
    Return Of The Gods Web Site ^ | November 30, 2009 | William Flax
    America, as synonymous with the people who created the Federal Union known as the United States of America, was born to a gold standard; was intended, always, to remain on a gold standard! No reading of Article I, Section 10, of the Constitution, coupled with key provisions of Article I, Section 8, can lend itself to any other interpretation. The first paragraph of Section 10 reads in relevant part: No State shall . . . make any Thing but gold and silver Coin a Tender in Payment of Debts.Note, there is no exception provided. Contrast that paragraph with the second...
  • Ron Paul: Paper is NOT Money

    08/22/2009 9:32:00 AM PDT · by Rodebrecht · 41 replies · 1,159+ views
    YouTube ^ | 8/21/09 | TheChannelofLiberty
    Great video of a young Ron Paul speaking about the value of money and the issue of central banking.
  • Kemmerer and The Free Market

    06/05/2009 9:13:28 PM PDT · by Born Conservative · 122+ views
    Mises Ecomonics Blog ^ | 6/3/09 | Jeffrey Tucker
    I apologize for the pathetic tardiness but The Free Market database is up to date more or less. And look at this: Gold and the Gold Standard (1944) by Edwin Walter Kemmerer. He was a professor of finance at Princeton, a favorite of Rothbard's, a huge deal in his day, and a fantastic advocate of a hard-core gold standard with full convertibility at all levels. I've only browsed the book but what do you bet that there is a ton of great material here, such as passages predicting everything that has happened. This little treasure could be worth reprinting.
  • Russia backs return to Gold Standard to solve financial crisis

    04/01/2009 11:47:40 AM PDT · by nickcarraway · 36 replies · 894+ views
    The Telegraph ^ | 31 Mar 2009 | Ambrose Evans-Pritchard
    Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system.Arkady Dvorkevich, the Kremlin's chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency based on Special Drawing Rights issued by the International Monetary Fund. Chinese and Russian leaders both plan to open debate on an SDR-based reserve currency as an alternative to the US dollar at the G20 summit in London this week, although the world may not yet be ready for such a radical...
  • Russia backs return to Gold Standard to solve financial crisis

    03/30/2009 12:58:42 PM PDT · by mnehring · 63 replies · 1,692+ views
    Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system. Arkady Dvorkevich, the Kremlin's chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency based on Special Drawing Rights issued by the International Monetary Fund. Chinese and Russian leaders both plan to open debate on an SDR-based reserve currency as an alternative to the US dollar at the G20 summit in London this week, although the world may not yet be ready for such a...
  • Missouri report on militias, terrorists draws criticism

    03/15/2009 7:53:29 PM PDT · by GoldStandard · 59 replies · 2,558+ views
    Kansas City Online ^ | March 14, 2009 | The Associated Press
    A new document meant to help Missouri law enforcement agencies identify militia members or domestic terrorists has drawn criticism for some of the warning signs mentioned. The Feb. 20 report called "The Modern Militia Movement" mentions such red flags as political bumper stickers for third-party candidates, such as U.S. Rep. Ron Paul, who ran for president last year; talk of conspiracy theories, such as the plan for a superhighway linking Canada to Mexico; and possession of subversive literature. "It seems like they want to stifle political thought," said Roger Webb, president of the University of Missouri campus Libertarians. "There are...
  • Capitalism Needs a Sound Money Foundation

    02/12/2009 6:35:26 PM PST · by JSDude1 · 36 replies · 691+ views
    The Wall Street Journal (Opinion Journal) ^ | Feb 11, 2009 | Judy Shelton
    Let's go back to the gold standard. If the very idea seems at odds with what is currently happening in our country -- with Congress preparing to pass a massive economic stimulus bill that will push the fiscal deficit to triple the size of last year's record budget gap -- it's because a gold standard stands in the way of runaway government spending. CorbisUnder a gold standard, if people think the paper money printed by government is losing value, they have the right to switch to gold. Fiat money -- i.e., currency with no intrinsic worth that government has decreed...
  • Dec 2, 2008... the death of the COMEX, and the death of the dollar

    12/07/2008 11:27:38 AM PST · by slnk_rules · 53 replies · 2,711+ views
    Safe Haven ^ | 12/05/2008 | Antal Fekete
    December 2, 2008, was a landmark in the saga of the collapsing international monetary system, yet it did not deserve to be reported in the press: gold went to backwardation for the first time ever in history. The facts are as follows: on December 2nd, at the Comex in New York, December gold futures (last delivery: December 31) were quoted at 1.98% discount to spot, while February gold futures (last delivery: February 27, 2009) were quoted at 0.14% discount to spot. (All percentages annualized.) The condition got worse on December 3rd, when the corresponding figures were 2% and 0.29%. This...
  • The High Cost of Washington's Price Manipulation Policy

    12/05/2008 4:42:41 PM PST · by CE2949BB · 3 replies · 445+ views
    Ayn Rand Center for Individual Rights ^ | December 5, 2008 | Yaron Brook and Don Watkins
    For decades Washington has been manipulating prices to encourage homeownership and "steer" the economy. To "incentivize" you to buy a house, it made mortgage payments tax deductible, largely exempted homes from capital gains taxes, and created Fannie Mae and Freddie Mac. After the stock market tumbled in 2001 and 2002, Washington established a policy of artificially low interest rates that created the illusion of cheap credit; leery of the stock market, and looking for someplace else to put all this easy money, Americans began buying homes in droves. But eventually the drug-induced high of artificial credit wore off, and out-of-whack...
  • Why Taxes Don't Matter Much Anymore

    08/28/2008 9:54:25 AM PDT · by djsherin · 48 replies · 197+ views
    Ludwig von Mises Institute ^ | August 28, 2008 | Jeffrey A. Tucker
    Barack Obama's tax advisers recently posted a piece in the Wall Street Journal about their candidate's tax plans. Their article was designed to triangulate, painting their candidate as a tax cutter and the Republican opposition as a secret tax raiser. It was well written and well argued — not that you can really trust anything you read about what candidates will or will not do once in office. In any case, I was discussing the piece with a person whose politics are certainly left of center. She said to me something along the following lines: I'm really not sure I...
  • Two-Cent Pennies: a Window on Inflation

    08/21/2008 10:33:44 AM PDT · by djsherin · 21 replies · 160+ views
    Ludwig von Mises Institute ^ | August 21, 2008 | Tyler A. Watts
    Johnny Carson might have quipped about the economy, "Inflation is so bad these days… that pennies are now selling on the street for two cents." This joke may not be all that funny, even with the great Carnac delivering it, but it does have the underpinnings of good comedy: an absurd story based on a kernel of truth. Old pennies are routinely traded at premium prices, sometimes twice or more their face value. This is not because they are rare or precious — they were minted by the tens of billions — but simply because they are worth more as...
  • Taking Money Back

    08/14/2008 3:01:41 PM PDT · by djsherin · 28 replies · 116+ views
    Ludwig von Mises Institute ^ | 6/14/2008 | Murray N. Rothbard
    Money is a crucial command post of any economy, and therefore of any society. Society rests upon a network of voluntary exchanges, also known as the "free-market economy"; these exchanges imply a division of labor in society, in which producers of eggs, nails, horses, lumber, and immaterial services such as teaching, medical care, and concerts, exchange their goods for the goods of others. At each step of the way, every participant in exchange benefits immeasurably, for if everyone were forced to be self-sufficient, those few who managed to survive would be reduced to a pitiful standard of living. Direct exchange...
  • gasoline and food still costs the same

    08/01/2008 11:52:42 AM PDT · by mainestategop · 6 replies · 326+ views
    mainestategop blog ^ | 8/1/08 | mainestategop
    If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” -Thomas Jefferson Well we are now living in a time when we are being told that there is a shortage of oil and food. The demand for food and gasoline is up but the supply has not gone up and that means higher prices. It now costs 5$...
  • Constitution Party selects Chuck Baldwin/Darrell Castle ticket for Pres/VP

    04/27/2008 2:09:43 PM PDT · by TheEaglehasLanded · 13 replies · 1,148+ views
    Kansas City Star ^ | April 27, 2008 | Steve Kraske
    Constitution Party stunner: Chuck Baldwin KOs firebrand Alan Keyes Convening its national convention in Kansas City today, the Constitution Party picked radio talk-show host Chuck Baldwin over former Ambassador Alan Keyes as its 2008 presidential candidate. The pick was seen as something of an upset, given Keyes' higher national profile. Known for his fiery stem-winders, Keyes is a two-time GOP presidential candidate who abandoned the Republican Party this month to join the Constitution Party, which believes in limited government and is committed to ending abortion and bringing American troops home from Iraq. But Baldwin's roots in the Constitution Party run...
  • Forgotten Anniversary Haunts the Nation

    03/28/2008 3:19:49 PM PDT · by DivaDelMar · 68 replies · 1,348+ views
    Kitco Commentaries ^ | March 28, 2008 | Antal Fekete
    Seventy-five years ago this month Franklin Delano Roosevelt was inaugurated as the 32nd President of the United States. Within days after swearing to uphold the U.S. Constitution, through a Presidential Proclamation he closed the U.S. Mint to gold. Recall that the Mint had been established by the Constitution to protect the people’s right to sound money. Roosevelt had been elected on a platform of sound money. Barely in office, he reversed himself. He grabbed the gold of the people, marked up its value, leaving Federal Reserve notes in the hands of the people that were to lose 95 percent of...
  • Bob Barr's intro of Dr. Ron Paul at CPAC

    02/08/2008 11:38:56 PM PST · by Gondring · 48 replies · 215+ views
    YouTube ^ | 2/7/2008 | Bob Barr
    [...] Among so many of our friends and our colleagues and folks who are involved in politics outside the four corners of this room, being a conservative or describing oneself as a conservative has gotten right-confusing. Now we have compassionate conservatives-- we've been down that road. We have convenient conservatives--those who are conservative when it's convenient to be conservative. And we even have big-government conservatives. I know that's an oxymoron, but a lot of these folks have never been known for consistency. It used to be if you were a conservative, people knew exactly where you were...you were a supporter...
  • David Frum on the Gold Standard

    01/01/2008 3:13:27 AM PST · by palmer · 108 replies · 500+ views
    Ludwig von Mises Institute ^ | 12/31/07 | Robert P. Murphy
    David Frum is on the warpath. In a National Review Online blog post, then an NPR commentary, and most recently in a National Post article, Frum has mercilessly ridiculed the gold standard. But as with most modern critiques of the "bad old days" of the laissez-faire 19th century, Frum's analysis is fraught with theoretical and historical problems. Frum's main objection is that the gold standard is allegedly rigid, preventing the economy from smoothly adjusting to various shocks: Since permanently abandoning gold convertibility in 1933, the US economy has experienced far less economic volatility. Recessions are fewer and shallower (if sometimes...
  • Ron Paul? Are you kidding me? Who are you people?

    11/15/2007 2:00:20 PM PST · by 2ndDivisionVet · 18 replies · 583+ views
    Town Crier News ^ | November 15, 2007
    One issue voters. Confused, emotional one issue voters. And they come from all stripes of politics. Let's have a look. The Neo nazi groups/conspiracy theorists - Ron says he will end aid to Israel. They've latched on to that one. Most of them don't want the government to function, good or bad because it keeps them in check. Not quite anarchists, but close. The Leftie Anti war crowd, not really pacifists, but bohemian cowards promoting anarchy. Paul says he'll end the war and be nice to everyone no matter how they've tried to kill us. The Conservative who really would...
  • Could Ron Paul Be the Ralph Nader of 2008?

    11/06/2007 8:10:23 PM PST · by 2ndDivisionVet · 19 replies · 445+ views
    Commentary Magazine ^ | November 6, 2007 | John Podhoretz
    Rep. Ron Paul, the maverick Texas Republican who is running as an anti-war libertarian in the Republican primary, has come charging out of nowhere to become the leading fundraiser in the brief history of the Internet. Yesterday, his campaign reported a one-day take around $3.8 million, with an average donation of $98. In one respect, Paul deserves his success. He is a far more articulate and coherent critic of administration policy in Iraq than any candidate on the Democratic side, speaking as he does the frank and plain language of the isolationist. “The fundamental question remains,” he said in 2004,...
  • Ron Paul’s Currency Plan and Merovingian France

    08/16/2007 8:44:52 AM PDT · by .cnI redruM · 70 replies · 1,327+ views
    RedState.com ^ | 16 August 2007 | .cnI redruM
    Republican Presidential Candidate Ron Paul has made politics a lot more interesting this year. He believes a lot of things the GOP establishment doesn’t, and his entry into the race has made people discuss ideas that wouldn’t otherwise get put into the public forum. I salute him for contributing, but would rather take a pass on one his least useful contributions. Ron Paul has suggested taking the United States Dollar back on the Gold Standard and doing away with The Federal Reserve. For some reason, this whole debate over Ron Paul's platform and on full-bodied and specie-backed currencies, reminded me...
  • Prisoner sues Vick for $63 billion

    07/27/2007 11:05:54 PM PDT · by gondramB · 49 replies · 3,165+ views
    AJC ^ | 7/27/07 | Jennifer Brett
    As if Michael Vick didn't have enough troubles, he may have to fork over $63 billion — that's billion, with a B — if one Jonathan Lee Riches prevails in court. The aptly named Riches' lawsuit against Vick, filed this week in U.S. District Court in Richmond, was handwritten. That's because Riches is currently a guest of the Graybar Hotel in South Carolina (it's not clear which town; his handwriting's a little hard to read). The lawsuit does not explain what landed Riches in the clink, but does spell out a number of dastardly allegations: that Vick supposedly stole Riches'...
  • Back to the gold standard?

    05/18/2006 3:30:56 PM PDT · by Dazedcat · 24 replies · 556+ views
    Asia Times ^ | May 16, 2006 | Peter Morici
    Gold is selling for more than US$700 an ounce, up from $258 in 2001.......
  • The gold standard and the Great Depression

    12/13/2005 5:45:39 AM PST · by BJClinton · 57 replies · 1,216+ views
    Econbrowser ^ | 12/12/2005 | James Hamilton
    How the gold standard contributed to the Great Depression. There always seem to be voices raising the possibility that a return to a monetary gold standard could solve all our problems. Among those championing this meme this week were Chris Mayer at Daily Reckoning, Robert Blumen at Mises Economics Blog, and some of my fellow blogjammers. Under a pure gold standard, the government would stand ready to trade dollars for gold at a fixed rate. Under such a monetary rule, it seems the dollar is "as good as gold."Except that it really isn't-- the dollar is only as good as...
  • Globalization Dissected

    02/15/2004 7:34:28 AM PST · by ghostrider · 17 replies · 334+ views
    www.plata.com.mx via gold-eagle.com ^ | 2/11/04 | Hugo Salinas Price
    Globalization Dissected Lou Dobbs and Protectionists, please take note! by Hugo Salinas Price President Mexican Civic Association Pro Silver -------------------------------------------------------------------------------- (This article is translated into English from the original Spanish, by its author. The original article at this website, www.plata.com.mx, is "Disección de la 'Globalización'". Some slight modifications have been made to the English version.) -------------------------------------------------------------------------------- The globalization of the world economy which we have been experiencing these past decades has not been a sound and inevitable process, nor is it a result of the forces of supply and demand in a liberalized world that impose painful but beneficial changes...
  • CAN THE U.S. RETURN TO A GOLD STANDARD?

    01/31/2004 10:21:20 PM PST · by I got the rope · 100 replies · 425+ views
    Wall Street Journal ^ | September 1, 1981 | Alan Greenspan
    The growing disillusionment with politically controlled monetary policies has produced an increasing number of advocates for a return to the GOLD STANDARD - including at times president Reagan. In years past a desire to return to a monetary system based on gold was perceived as nostalgia for an era when times were simpler, problems less complex and the world not threatened with nuclear annihilation. But after a decade of destabilizing inflation and economic stagnation, the restoration of a GOLD STANDARD has become an issue that is clearly rising on the economic policy agenda. A commission to study the issue, with...
  • Who wants to be a trillionaire?

    10/28/2003 3:46:37 AM PST · by Robert Drobot · 5 replies · 302+ views
    Independent.co.uk News ^ | 28 October 2003 | Paul Vallely
    Graham Halksworth's neighbours knew him as a pillar of his community: a family man and a trustee of the local golf club. They didn't realise that he was quietly plotting one of the most audacious scams in history. Every Monday morning, 69-year-old Graham Halksworth would bid farewell to his wife Margaret, and leave his home at the top end of the little town of Mossley, high on the shoulder of the Pennines. Smartly dressed and carrying a briefcase, he would negotiate the steps down from their unprepossessing brick-built semi, whose only sign of pretension was its windows, leaded with an...
  • Ron Paul Introduces Legislation To Get Rid Of Federal Reserve

    09/17/2002 7:14:29 AM PDT · by Red Jones · 154 replies · 422+ views
    WorldNetDaily.com ^ | September 17, 2002 | Jon Dougherty
    Bill to eliminate the Fed introduced Rep. Paul: Legislation seeks to 'restore financial stability' to U.S. By Jon Dougherty © 2002 WorldNetDaily.com A Republican lawmaker has introduced legislation to abolish the Federal Reserve as a way to "restore financial stability" to the country and re-establish the once-used gold standard. "Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy," said Rep. Ron Paul, R-Texas, in a speech to colleagues on the House floor. "In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve's inflationary policies....
  • Fools' Gold (Arguements Against Gold Standard and Bankers)

    04/29/2002 5:14:43 PM PDT · by shrinkermd · 238 replies · 4,141+ views
    Independent Media Center ^ | 17 February 2002 | by Robert Carroll
    By monopolizing this commodity the moneyed classes have got Nature by the throat and the community under their heels... Compared with this process, usury is mere child's play. -Alexander Del Mar in The Science of Money. Advocacy of gold or gold "backed" money rests on dubious foundations. The discussion that follows will reveal some of the semantic deception, half-truths, doublespeak, self-interest pleading, and historical errors employed in gold advocacy polemics. The Pope admitted in 1992 that Galileo had been right. This has nothing to do with gold money, but it is offered to show that neither antiquity nor authority makes...