I am posting on here his anthology of articles/videos/comic books !! on using the Gold Standard.
Maybe someone stopping by will be motivated to read it all.
I think with creditory economics being what they are today something needs to be done. What I solutions I do not know, but here are 79 Common Sense Reasons For A Gold Standard
The world enters the final stage of financial destruction thanks to a one-sided application of John Maynard Keynes' equation because politicians and central bankers did a terrific job in deficit spending since the USA defaulted on its gold obligations in 1971, but never followed Keynes advice to build reserves in surplus years. This is a direct result of a fiat money system that allows to create money at essentially no cost, to quote Fed chair Ben Bernanke from his infamous 2002 speech.
IMHO the heated discussion about a new gold standard will follow philosopher Arthur Schopenhauer's saying: "All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident."
Digging a little further I probably could come up with more than 79 facts debunking urban gold myths. I chose this number as gold has the atomic number 79.
- Gold has been voluntarily accepted worldwide since 2,800 years.
- All fiat currencies of the past 3 centuries have devalued to (near) zero within a human's life span.
- All fiat money systems were abused by irresponsible politicians who ignited credit bubbles. All credit bubbles ended with a bust.
- Under a gold standard. prices remained stable for more than a century in the USA.
- Even former Fed Chairman Alan Greenspan got it in his early years. He wrote "in the absence of the gold standard, there is no way to protect savings from confiscation through inflation" in his famous essay from 1967 titled "Gold and Economic Freedom". Anecdote to the side: When Congressman Ron Paul got a copy signed by Greenspan, the parting Fed chair said in 2005 he still stands behind this essay.