Monday, January 17, 2011

The Gold Standard Journal

http://goldstandardinstitute.org/GSI/wp-content/uploads/2010/06/TheGoldStandardJournal.pdf
"The reality is that the Gold Standard is NOT for the rich… just the opposite. Under Gold, a wage earner gets a true value for his work, either in Gold coins, or Silver. These coins do not depreciate, they are never defaulted on, indeed history shows that they tend to increase their buying power over the years. By contrast, paper 'legal tender' is constantly losing value… the only question being how quickly; over decades, years, or a la Zimbabwe and Weimar Germany, days! Holders of paper money always lose, the only question being how quickly; over decades, years, or days."

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