Peter Schiff : The Gold Standard forced the government to responsibly confront irresponsible fiscal policy

Peter Schiff : "The gold standard forced the government to responsibly confront irresponsible fiscal policy. At first Nixon tried devaluation, but the amounts were far too small to stop the gold drain. As an escape hatch, he instead abandoned the gold standard (although he said that the move was temporary). Without this “relic”, government could continue to finance its spending with ever larger deficits without losing any more gold. So instead of devaluation or deflation, we chose inflation instead. Many consider the impossibility of running perpetual deficits under the gold standard as proof of its unsuitability to the modern economy. As I see it, this is precisely why the gold standard is so desirable and so badly needed today."

The Republicans Consider Returning To The Gold Standard

There IS going to be a return to the gold standard, but it wont be the republicans or any other political influence bringing it to fruition. The Bank for International Settlements, The central bank for central banks, Has issued policy called the Basel Accords. Basel 1 and 2 have already been implemented, which is where the “700 billion” dollar bailout came from. This was the amount needed to capitalize the banks that would continue to function under the terms of Basel 2. Now they are beginning Basel 3, Which will require more “bailouts” to further re-capitalize the fraudulent banks in anticipation for the consolidation (crash). Basel 3 will require a world currency backed by gold. The world is on to the games (derivatives) wall st plays. The gold standard will return and THIS will be the “new” global currency.

Mary Jo Jacobi fmr special assistant to Ronald Reagan, told CNBC, a lot of the party (Republican) faithful believe we should go back on the gold standard; it would control government spending and offer a sense of stability.

James Turk on The Gold Standard

James Turk on The Gold Standard

Gold is a good inflation hedge, just don't get into the futures game unless you wanna get hammered when the banksters manipulate the market. James Turk Director of the GoldMoney Foundation argues that the gold standard has been proven to be a working monetary system with automatic leveling functions. As a result of the coming structural changes to our monetary system, both men recommend owning tangible assets. They point out, that those who act first have a great advantage.He also speaks about currency devaluation and the rising gold price. How the gold price is rising against all major currencies and monetary policy is political, having abandoned all pretense of seeking monetary stability. He warns of the dangers of a hyperinflationary crisis. James also explains why gold should be considered money and not an investment.James Turk mentions that today, commercial banks as well as central banks are leveraged at unsustainable levels. While both agree that it makes sense to get back to less risky traditional banking and a sound money system, He raises the question of how it will be possible to bring the leverage down to prudent levels again and how to get rid of the huge amount of complex derivatives. He also talks of the coming dollar collapse and the waterfall decline in the dollar, especially since Ben Bernanke's words on QE

Return to The Gold Standard - Ted Anderson of Midas Resources

Ted Anderson, Owner of GCN and Midas Resources talks about the return to the Gold Standard . The reason gold has such a steady and dependable value is because there's barely any new gold being produced in the world , they hardly mine any gold lately , the banks and governments are buying hundreds of tonnes of gold , the whole market of paper gold is rigged and the government is doing its best to keep the gold price low and keep the US Dollar afloat , The Fed is selling the US gold reserve through the bullion banks JPMorgan Chase and HSBC bank. Officially, gold from Ft. Knox isn't being "sold", but "leased" to the bullion banks, who then sell it into the market in bursts when needed to crash the price. This allows the Fed and Treasury to pretend that the gold is not actually being sold, but only lent, to the banks. The goal is to make the dollar look strong.quantitative easing simply means that If we throw more paper on top of our problems, they'll disappear! we didn't have trillions of dollars in debt with a gold standard. The gold standard has it's faults, but with paper it's very easy to abuse and devalue the dollar, as they can print it whenever they want. Can't print gold. Ron Paul doesn't advocate the return to the gold standard, but instead prefers to eliminate legal tender laws and to remove the sales tax on gold and silver, so that the market may freely decide what type of monetary standards there shall be.

40 Years ago Nixon ended The Gold Standard

Discussing whether it is time to get back to gold standard , with Jared Bernstein, CNBC contributor; and John Tamny, Real Clear Markets. "It was a monumental blunder, the biggest of modern times. leaving gold was a devaluation of the dollar and as history shows when money is devalued, investment becomes defensive. it flows into the hard assets of yesterday that already exist and away from the innovative ideas of tomorrow in assets that don't exist, leaving gold restrained, our economic evolution and it shows up in the numbers that you just cited. we've grown less quickly, unemployment's been higher. it's been a major disaster and it's time to turn back " says John Tamny



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Peter Schiff : The Gold Standard for a sound economy

Peter Schiff  : Gold is worth its intrinsic value it has unique and special properties that other metals do not have , you comparing Gold to paper , what is the federal reserve note worth what a piece of paper that is printed by the US government what is that worth ?!?!? I mean you cannot use it for anything it is just paper but it already has been written on , I mean it is not soft enough to use as toilet tissue , what you gonna do with it ?!?!?!" Peter Schiff of Euro Pacific Capital believes that the Gold standard could happen even sooner than a five years from now , and the reason for that is we have a dollar crisis we have a currency crisis that brings on an even worse financial crisis and I think that currency crisis is coming soon it is going to send the dollar plunging consumer prices and interest rates surging and we gonna be in a much deeper recession and the only way to have a real economy a sound economy is to discipline the government to prevent them from deficit spending and the only way to do that is with the Gold Standard says Peter Schiff



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Back to The Gold Standard

The power of Gold we should return to the Gold Standard and to a dollar as good as gold , the biggest problem we have is the inflation says Lew Lehrman chairman of the Lehrman institute he discusses with judge Napolitano how the GOP 2012 POTUS candidates are doing a bus tour about a return to the gold standard and why it's so important to be an issue in the campaign.Inflation not only destroys people's savings but cause people to lose their jobs , cash is gold according to constitution says Lew Lehrman the founders money was the precious metals primarily Gold a dollar as good as gold the dollar was defines as a weight unit for gold , since 1971 when Nexon suspended the convertibility the dollar has lost 80 percent of its purchasing power

Return to the Gold Standard May 21, 2011

A great interview on CSPAN about the return to a gold standard. The interview also touches on Ron Paul and SDR's.Ralph Benko talked about the gold standard and the push by some conservatives to return to it. South Carolina is the latest state to propose a bill that would make gold and silver coins a form of legal tender in the state. Utah was the first state and more than a dozen other states are considering similar moves. He also responded to telephone calls and electronic communications.

The Gold Standard Returns ?

After other countries abandoned the gold standard in the early days of the Great Depression, the Hoover administration stayed on in, even though doing so may U.S. goods less competitive. Franklin Roosevelt effectively abandoned the gold standard in 1933. He returned to a modified version of it the following year but with the price of gold raised to $35 per ounce. After WW2, the Roosevelt $35 price became enshrined in the Bretton Woods international monetary system until President Nixon ended that system in 1971.


Lewis Lehrman Former Reagan Monetary Policy Advisor explains why no matter how many billions of dollars Congress cuts from the federal budget, we won't fix our deficit until we return to the gold standard.inflation is a direct continuation of what's fundamental under a fiat currency model establishment where monies are printed with no backing.
Paper money is not just a mere userfriendly substitute for gold, like it is portrait to be and teached in schools; this is a dirty lie. Paper money is a means for power institutions (states, banks,..) to steal your valuables or fruit of your labor by imposing a fantasy trade item of wich the value they manipulate as they wish. They can do this because violence is inherent in this system and all of humanity is oppressed by these institutions. Yes the world has changed; now we all are slaves


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UTAH Returns to the Gold Standard ?

This system is taking us to national bankruptcy with the FED printing paper money backed by nothing as if there is no tomorrow , some states like UTAH have decided to go back to the constitutional money which is Gold and Silver backed currency also known as The Gold Standard

Should the US restore the Gold Standard

The gold standard is what kept politicians in line, and kept out dollar strong. Arbitrarily printing money is weakening it - $4.7 trillion to $8.2 from 2001-2008 says everything. a dollar as good as gold could solve a lot of our trouble , the dollar's been devalued on purpose to prop up our real asset prices and stimulate exports and foreign investment in the US. It's all about increasing liquidity when there's a danger of liquidity drying up.Like any tangible commodity, the value of gold is arbitrary and susceptible to manipulation by the market. Altering the fraction in such a way would cause the value of Gold to rise exponentially at first, as I pointed out in a previous post, and then crash upon its value becoming inflated, resulting in an economic collapse. No, if such a transition would occur, it could be a gradual process only after the economy hits rock bottom and U.S. Treasuries begin to move into gold and other tangibles.


Gold was chosen, once upon a time, for its properties. Diamonds are not so practical as gold in that you can break up into any number of denominations without changing its mass/volume ratio. Can't do that with diamonds or Rubys. Silver has been used; in fact you could use it as another denomination as nickel and copper have been. Ever heard of nickels dimes and pennys?
You also have to remember that we had the gold standard in 1929 and the first four years of a depression. Nixon was forced to give it up because other countries would exchange their dollars for USD and buy gold. Result was gold was cheap to them. Therefore, the country was being depleted of gold. We have to be careful on what we do. But definitely END THE FED. Remember it is not the stock market that causes a depression. Rather it is the contraction of the money supplyortheammountof *principal.

Gold and Silver legal Tender in Utah

Utah took its first step Friday toward bringing back the gold standard when the state House passed a bill that would recognize gold and silver coins issued by the federal government as legal currency.



The House voted 47-26 in favor of the legislation that would also exempt the sale of gold from the state capital gains tax and calls for a committee to study alternative currencies for the state.

The legislation now heads to the state Senate, where a vote is expected next week.

Under the bill, the coins would not replace the current paper currency but would be used and accepted voluntarily as an alternative.

CASH IS TRASH!

A Gold standard in the fiat era

This is a movie with historical facts, issues and situations that have occurred. This will break down the whole history of a gold standard and what is all entailed of going back to one , a Gold Standard or a Mixed Metals standard would be a good idea



I think a Gold Standard or a Mixed Metals standard would be a good idea, but if you just made it a single metal like Gold, you'd have to account for the value of all new assets that have been created since Gold was the standard and re-value Gold to something like $15,000 to $25,000 per ounce or even higher. It's a better option than continuing on the fiat currency debt-based model of exponential growth. Our current system is in process of burning out and sending us into poverty and war.It always comes back to bailing out the banks. Also most of these depressions are engineered so that the banks can buy pennies on the dollar. Government and banks must not be allowed to issue any currency. It must be free market based on gold and other commodities. The line in the sand must be drawn there is no manipulation can occur. The banks would not be able to own all the gold in world(Oz People say) as they would not be allowed to issue any currency in my scenario to buy it. The easy money policies of the 20's had to be offset by deflation in the 30's. Had the government stayed out of the economy, the 30's depression would have been short lived. Check out the short lived 1921 depression.

The Gold Standard Before the Civil War - Murray N. Rothbard

Lecture presented by Murray N. Rothbard at the Ludwig von Mises Institute's first conference, "The Capitol Hill Conference on the Gold Standard" held in Washington, DC; November 16-17, 1983. http://mises.org

Murray N. Rothbard (1926-1995) was America's greatest radical libertarian author -- writing authoritatively about ethics, philosophy, economics, American history, and the history of ideas. He presented the most fundamental challenge to the legitimacy of government, and he refined thinking about the self-ownership and non-coercion principles.

Biography of Murray N. Rothbard
http://mises.org/about/3249

Links to online books and essays by Murray N. Rothbard:

What Has Government Done to Our Money?
http://mises.org/resources/617
Audio book version: http://www.youtube.com/view_play_list...

The Case Against the Fed
http://mises.org/resources/3430
Audio book version: http://www.youtube.com/view_play_list...

A History of Money and Banking in the United States
http://mises.org/resources/1022
Audio book version: http://www.youtube.com/view_play_list...

Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Volume I
http://mises.org/resources/3985
Audio book version: http://www.youtube.com/view_play_list...

Classical Economics: An Austrian Perspective on the History of Economic Thought, Volume II
http://mises.org/resources/3986
Audio book version: http://www.youtube.com/view_play_list...

The Ethics of Liberty
http://mises.org/resources/1179
Audio book version: http://www.youtube.com/view_play_list...

For a New Liberty: The Libertarian Manifesto
http://mises.org/resources/1010
Audio book version: http://www.youtube.com/view_play_list...

The Case for a 100 Percent Gold Dollar
http://mises.org/resources/611

America's Great Depression
http://mises.org/resources/694

Making Economic Sense
http://mises.org/resources/899

Man, Economy, and State
http://mises.org/resources/1082

Panic of 1819 Reactions and Policies
http://mises.org/resources/695

Economic Depressions: Their Cause and Cure
http://mises.org/resources/2668

The Essential von Mises
http://mises.org/resources/3081

Power and Market: Government and the Economy
http://mises.org/resources/196

Wall Street, Banks, and American Foreign Policy
http://mises.org/resources/1223

The Mystery of Banking
http://mises.org/resources/614

Strictly Confidential: The Private Volker Fund Memos of Murray N. Rothbard
http://mises.org/resources/5777

Egalitarianism as a Revolt Against Nature, and Other Essays
http://mises.org/resources/3147

Rothbard vs. the Philosophers
http://mises.org/resources/4983

Left and Right: The Prospects for Liberty
http://mises.org/resources/1016

The Betrayal of the American Right
http://mises.org/resources/3316

World War I as Fulfillment: Power and the Intellectuals
http://mises.org/journals/jls/9_1/9_1...

Education: Free and Compulsory
http://mises.org/resources/2689

Conceived in Liberty, Volume 1: A New Land, A New People
http://mises.org/resources/3006

Conceived in Liberty, Volume 2: The American Colonies in the First Half of the 18th Century
http://mises.org/resources/3007

Conceived in Liberty, Volume 3: Advance to Revolution, 1760-1775
http://mises.org/resources/3030

Conceived in Liberty, Volume 4: The Revolutionary War
http://mises.org/resources/3031

Links to more online books, essays and articles by Murray Rothbard and others:
http://www.lewrockwell.com/rothbard/r...
http://mises.org/literature.aspx?acti...
http://mises.org/articles.aspx?Author...
http://mises.org/literature.aspx
http://mises.org/articles.aspx

Human Action: A Treatise on Economics by Ludwig von Mises
http://mises.org/resources/3250

Andy Gause - The Gold Standard

Andy Gause - The Gold Standard

Max Keiser: Return to The Gold Standard - The Alex Jones Show

Alex Jones welcomes back to the show film-maker, broadcaster and former broker and options trader Max Keiser. Max is the host of On the Edge, a program of news and analysis and he also hosts Keiser Report, a financial tabloid. Keiser formerly hosted The Oracle with Max Keiser on BBC World News. Keiser correctly predicted the 2008 collapse of Fannie Mae and Freddie Mac, that sub-prime mortgage-backed securities would be the cause of the economic crisis beginning in 2008, and also predicted the banker sabotage of Iceland's economy.