The Fed’s War on the Middle Class
The only way out of this scenario is to reestablish the gold standard.
Gold Standard
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The Cause That Won’t Go Away
"No one is in a position to restrain the president, the Congress, or the courts so long as the dollar is as printable as paper."
Metals are fairly difficult to print
Two weeks ago marked the 60th anniversary of a prescient essay (pdf) promoting gold as redeemable
Inflation and the Public Consciousness
The Great Depression would have been worse without its only saving grace: all goods were cheaper than before. The major mistake of Hoover and FDR was in thinking that low prices were somehow the cause of the Depression rather than the effect.
Our Financial House of Cards
Thus, to say it all in one sentence, the threat of massive deflation can be eliminated, the threat of inflation ended, and the actual and potential domain of economic freedom greatly expanded, for $11 billion — an $11 billion that would not even be an out-of-pocket expense to anyone but merely a balance-sheet charge on the books of the Federal Reserve System when it deducted its gold holding from its balance sheet and added it to the balance sheets of the banks.
For Richer or Poorer
Under its current leadership, the Federal Reserve is looking more and more like a Banana Republic central bank
A New Golden Age?
The new issue (on sale today) of Worth magazine features an article on “A New Golden Age” by Nathan Lewis which is a nice reca
A Creditors’ Protection Bill
For the present and the foreseeable future, there is probably nothing that will stop the Fed from continuing with its inflation.
Can You Hear Gold Laughing at Bernanke?
Control-freak politicians abhor gold because it ignores them; it won’t do what it’s told.
The Political and Economic Agenda for a Real Gold Standard
Ron Paul explains his position on gold money:
