At the recent G-20 meetings the leaders of the world’s largest economies voted to approve a plan that will put depositor’s funds front and center to bail out banks during the next crisis. The Financial Stability Board drew up a resolution along the lines of Cyprus’s bail-in approach that uses depositor’s money to bail-out banks. Its called the “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks.” It is basically an admission that the onerous Dodd-Frank regulations are entirely inadequate.

Information was recently released that both the Netherlands and Germany had discussions and planning meeting to investigate what to do if the Euro met its demise in 2012. 

According to the publication Market Oracle:

The Dutch finance ministry prepared for a scenario in which the Netherlands could return to its former currency — the guilder. They hosted meetings with a team of legal, economic and foreign affairs experts to discuss the possibility of returning to the Dutch guilder in early 2012.

In what is surely the lamest attacks on the gold standard, Federal Reserve David Andolfatto tries to justify the central bank by pointing to a problem that is actually encouraged by the Federal Reserve. The video suggests correctly that critics oppose inflation and higher prices, but then does not address that issue at all or admit its guilt. Instead, the case for the Fed is based on the volatility of the demand for money and the resulting bank panics and bank runs that could hurt the overall economy. The Fed addresses this problem by serving as a lender of last resort.