This could be a good thing to keep the feds from printing money.

http://www.newsmax.com/StreetTalk/Forbes-gold-standard-dollar/2012/09/06/id/450971

Low interest rates and extremely accommodative monetary policies will leave the country with no choice but to return to a modern version of the gold standard, said publisher and one-time GOP presidential hopeful Steve Forbes.

The GOP platform has called for a commission to study the feasibility of the gold standard, which attaches the value of the dollar to a fixed weight of gold.

President Richard Nixon dropped the gold standard in 1971 and opened the era of a fiat dollar. Supporters of the gold standard’s revival say the plan would prevent the government from living outside of its means like it does today.

...Since the downturn, the Fed under Chairman Ben Bernanke has slashed interest rates to near zero and has injected some $2.3 trillion into the economy by purchasing assets such as Treasury holdings or mortgage-backed securities from banks, a monetary policy tool known as quantitative easing that floods the economy with liquidity in way to encourage investing and hiring.

Critics say the move consists merely of printing money out of thin air and has planted the seeds for inflation down the road.

Such policy would be undoable under a gold standard, since the amount of money in circulation is tied to a fixed amount of gold.

“In order to work properly and productively, markets need a reliable pricing mechanism,” Forbes wrote. 
Stock Photo - two gold bars. fotosearch - search stock photos, pictures, wall murals, images, and photo clipart

You need to be a member of Ashtar Command - Spiritual Community to add comments!

Join Ashtar Command - Spiritual Community

Email me when people reply –

Topics by Tags

Monthly Archives

Latest Activity

Krishna Kalki posted a discussion
Their motive is not to live in peace but take over countries so the solution is kick the lot out to their own countries 
1 hour ago
Krishna Kalki posted a discussion
UK FRANCE SWEDEN GERMANYHUNGRY ITALY + most other European countries The Solution is not to let them in but help them build their own countries 
1 hour ago
Movella commented on Drekx Omega's blog post Patriots Await The Plan's Final Phase - Justice & Retributions
"You’re welcome😊 haha yes I have, I must still be in client mode, now switching it off lol.."
5 hours ago
Justin89636 commented on Drekx Omega's blog post Patriots Await The Plan's Final Phase - Justice & Retributions
"Again thanks for that. You're on a roll today that's for sure lol :)"
5 hours ago
Movella commented on Drekx Omega's blog post Patriots Await The Plan's Final Phase - Justice & Retributions
"6+3+6=15 Angel number 15 signifies positive change, growth, and new beginnings, often indicating a need to embrace shifts in your life path."
5 hours ago
Movella commented on Drekx Omega's blog post Patriots Await The Plan's Final Phase - Justice & Retributions
"Although I am now in Master Maitreya’s ashram, I still have a connection to Master Kuthumi as a 2nd ray soul, and if I was to call upon him he would be receptive. His ashram was a breeze compared to the challenges I faced when joining Master…"
5 hours ago
Justin89636 commented on Drekx Omega's blog post Patriots Await The Plan's Final Phase - Justice & Retributions
"As for the number patterns I see quite a bunch of them. 111 is another one that pops up quite a bit and sometimes 777 and 1010. A couple times 888 and 999 have made an appearance, but the ones I mentioned a couple comments ago are the ones I see the…"
5 hours ago
Justin89636 commented on Drekx Omega's blog post Patriots Await The Plan's Final Phase - Justice & Retributions
"Lol he might be. I would imagine he has a great sense of humor. Same can be said for the other Ascended Masters."
5 hours ago
More…