Tag Archives: gold standard

Jim Rickards: The Demise Of The U.S. Dollar (And Mutualy Assured Financial Destruction) Video

It won’t happen tomorrow but slowly but surely the world is moving from dollars. The petrodollar system which has been key to the world economy over the last 40 years is eroding. More and more country to country deals are being done in currencies other than the dollar. The economic world as we have known it, after Bretton Woods in the Cold War Era, the post Cold War era, and the post 9-11 era is fundamentally shifting. The dollar is not what it once was. It is no longer “almighty” and one should be prepared.

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Many Who Criticize a Gold Standard Know Nothing About a Gold Standard

Noam Scheiber writing for the New Republic tells us that ” the gold standard is nuts– and perfect for today’s GOP.” ” Mr Scheiber confesses  to ” knowing…only… a little” about monetary policy. Just as well to start with this caveat, but why start hurling accusations about a subject on which you are completely ignorant?

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