Fort Knox VS the Fed! Real Metal VS Faith Based CashSubmitted by Mark Twain on Wed, 05/04/2011 - 01:14
Dr Ron Paul: Libertarian icon Dr. Ron Paul conducted... the most important monetary policy hearing in 40 years... gold standard proponents: James Grant, Lewis E. Lehrman, and Prof. Joseph Salerno...
Here is a serious essay arguing for monetary gold. Perspective from WW II forward:
- No gold standard (US Dollar, sponsored by the Fed)
- No gold reserve standard (UK Pound Sterling backed by US Dollar
- No gold lease (Europe, backed by the UK Pound)
- Just gold. No paper promise.
Solid links connecting monetary history from 1870 forward:
- Sound Money
- Gold Standard
- Wall Street Journal
'The evidence shows your Fed’s papier-mâché money to be a big part of what is thwarting full employment.Honest money — dollars convertible to a defined weight of gold, not “faith-based” Federal Reserve Notes — carries the full employment mandate'