Steve Forbes: Return to Gold Standard - Now
Economy | Information | History | Online | Facts | World | Global | Money
Businessman Steve Forbes is calling for an immediate return to the gold standard in theUnited States. The former presidential candidate has released a new book, called MONEY: How the Destruction of the Dollar Threatens the Global Economy—and What We Can Do About It. Forbes came out against the Federal Reserve, saying the body "has made it easier for the government to borrow, but made it much more difficult for small and new businesses, which are the job-creators of this economy." The gold standard ties the value of dollars to a fixed amount of gold in national reserve. Forbes stated currencies without such backing has led to devaluation of money, leading to a lower standard of living. The United States used currency backed by gold for 180 years, and "did very well with it," according to Forbes. The value of the dollar was lowered just a handful of times during those 18 centuries. During that time, the economy grew at an average rate of four percent per year. Forbes estimated that if Richard Nixon had not removed the country from the gold standard, the economy would be 50 percent larger than today. From the founding of the nation, the United States always enjoyed a triple-A rating from international lenders. That changed in 2011, due to massive spending and borrowing. The 66-year-old entrepreneur is also an avid proponent of the flat tax, which he believes will simplify the tax code. http://www.tpnn.com/2014/06/17/exclusive-steve-forbes-calls-for-a-return-to-the- gold-standard-and-fast http://www.newsmax.com/NewsmaxTv/Steve-Forbes-gold-standard/2014/06/09/id/575984 http://www.forbes.com/books/money-by-steve-forbes http://www.forbes.com/sites/peterferrara/2014/06/21/linking-the-dollar-to-gold- completing-the-recipe-for-restoring-an-economic-boom-for-america http://www.nasdaq.com/video/forbes--bring-back-the-gold-standard-518279682 Support Indymedia! Donate USD: http://nnn.is/donate-dollars Donate BTC: http://nnn.is/donate-bitcoin Download your free Next News "Heroes & Villains" Poster here: http://nextnewsnetwork.com/the-2013-heroes-villains-posters LIVE: http://NextNewsNetwork.com Facebook: http://Facebook.com/NextNewsNet Twitter: http://Twitter.com/NextNewsNet Sub: http://NNN.is/the_new_media #SR
Comments
-
maybe if Forbes payed his fair share of property taxes it would help the economy!
-
Forbes is a statist.
-
BASIL III & BIS Compliance - this is globally and to also be backed by a nation's SDRs...
This is only a small part to a larger picture in regards to a 'global currency reset'; this has been leaked only a few years ago here and there and even the IMF Chief; Christine LaGarde uses her carefully selected words of 'reset' and 'cooperation' many times...
We can look past the shenanigans of what is known to expose the forex - gold - world stock markets etc. that was being manipulated...then you have banker & other associates committing suicides or end up missing? Some of those suicides are quite bizarre and needs to have additional investigations...
The world is a stage and chess game - follow the money - look at all the players globally/ including BRICs nations and look at the global events to look beyond what is being portrayed? And/or distractions for other agendas being played out...
FATCA extension expires on July 1st, 2014 - what does that really mean? and to prepare for a global event. Iraq ISX and Kurdistan Region OMX will be international on July 1st, 2014 - what does this mean? and is also tied into the global event...as some of this is publically put out there but what does it all mean?
So sometime between now and July 1st and even beyond the 1st - we will see? -
I would rather buy real gold in real price and melt it myself xD
-
Right Steve. So where's all the gold to back anything with, eh? Have you actually seen it?
-
Thank you for this. Highly informative, short, sweet & to the point. Smooth reporting! :D
-
You want to see a return to the gold standard??? http://jana-murray.com/you-want-to-see-a-return-to-the-gold-standard/
-
Silly Steve, didn't the cabal let him in on anything?
-
Oh Yikes.
-
Dollar = receipt
1m 43sLenght
27Rating