The Daily Bell skewers the Swiss banking class for its hostility to the upcoming gold referendum. Still, as the article points out, central bankers are now on the defensive.
If you read German: Thorsten Polleit has written a rather detailed analysis of the Swiss gold initiative
The quasi-gold standard promoted by Steve Forbes and Elizabeth Ames in their new book has more in common with the Bretton Woods system than with the classical gold standard.
During the past two weeks, James Florio, a former Democratic governor of New Jersey, and Steve Lonegan, the 2013 Republican nominee for U.S.
Jeff Deist and Claudio Grass discuss the uniquely Swiss mindset behind the upcoming Swiss gold referendum.
Forbes’s “stable and flexible” gold standard would facilitate and camouflage an inflationary expansion of the money supply that would, according to Austrians, distort capital markets and lead to asset bubbles. The motto of our current gold-price fixers seems to be: “We want sound money — and plenty of it.”
The inability of governments to maintain fixed exchange rates in the face of opposing market forces is only further proof of their impotency.
Banking in its current form is not capitalism.
