Posts Tagged ‘Gold standard’

The U.S. congressman plans to introduce a bill in 2011 that would force the claimed gold holdings at Fort Knox and the central bank in New York to be audited for the first time in almost 60 years.

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News and views from around the web posted to the Wonderland Wire:

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Peter Schiff, president of Euro Pacific Capital and 2010 candidate for senator in Connecticut, on U.S. international dependency and challenges Federal Reserve Vice Chairman Alan Blinder to name something his boss has done right. Funny. (4:15):

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Tuesday, gold hit $1,199.30/oz. as Japan moves toward metals, away from being a tit of the U.S. The record high of gold’s value displays the record low of the U.S. dollar.

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On ABC’s “This Week with George Stephanopolous”, George Will of The Washington Post points to India’s recent run on the dollar as an indicator for a coming fall in the subjective greenback in favor of “other better stores of value”. Veteran White House correspondent for ABC, Sam Donaldson, says if that’s the case, “then, we’d better throw Ben Bernanke and the Fed out… Let’s get rid of them now before they do further damage.” (2:13):

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India’s run on the U.S. dollar to buy 200 tonnes of gold from the 403.3 set to be sold by the International Monetary Fund set the precious metal to an all-time high value of $1,081+, meaning the  inflated dollar has crashed to an all-time low as the U.N. reports a drop in U.S. wages.

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Rep. Ron Paul (R-TX) takes questions on the Federal [sic] Reserve, fiat money and U.S. imperialism in the wake of his most recent book, End the Fed, on al Jazeera’s (AJE) “The Riz Khan Show” (22:25):

Part One (10:55):

Part Two (11:30):

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Brazil, India, and China meet in Russia as the four contries begin talks to break away from dollar hegemony — an ambition strongly pursued by Russia lately. (more…)

Freedomain Radio host Stefan Molyneux and Little Alex discuss the Middle East, China’s motivations in the global economy, positive and negatives of ‘liberalizing’ trade, among other topics. (more…)

Great article by Simon Schama in the Financial Times weekend section on American presidents battling with banksters. Read the full article. You can ignore the last paragraph. Anyone semi-literate knows that making money “moral again” won’t happen with this president. (more…)

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Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama. Includes a brief introduction by Mark Thornton. Lew Rockwell is the founder and president of the Ludwig von Mises Institute.***NOTE: Beginning at the 1:11 mark, there are technical difficulties with the video feed. The audio, however, is complete and unaffected.

Lew Rockwell – “End the Central Bank” (transcript) – 1 Nov 08 (18:18):

Douglas French – “Bubbles Made of Paper: Then and Now” – 1 Nov 08 (28:22):