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The Gold Standard gets another look

- Peter Schiff - Euro Pacific Capital

I found a few flaws in your argument, #1 by the end of the Roman Empire they had debased the gold & Silver in each coin to a very low level. #2 the reason that the American Economy flourished for 200 years is because of all of the free land and resources that the Country had, for the taking. Lumber, Coal, Oil, Fishing, Game, free Water and a growing population via immigration. remember Homesteading? by the end of the 60's that was all gone. The Government lost it, when we as a Country stated to try to dominate the World, By giving the rich people in poor Country's Money. and Military hardware. I do agree that discipline was and is lacking. as far as Gold & Silver being abused. that is why we have Fort Knox. so we can expand the Money supply when needed and take money out of the Economy when needed.

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Beginning of the headline :As Republicans convene in Tampa to nominate Mitt Romney and hammer out their party platform, one of the planks that could attract the most attention is the Party's official position on the gold standard. As it is now being considered, the platform stops short of recommending a return to the gold standard, but does advocate a commission to consider the possibility... Read More

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