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Fed To Prompt Currency Crash and Return to Gold Standard

- Mark O'Byrne - gold.ie

Grant, pimping for a return to the gold standard, stated that "it is important to examine our monetary affairs over the sweep of time." How true that be. i guess he missed the depression of 1807-1814. The one from 1837-1844 also got by him. He somehow also missed the one that went from 1873-1879. Oh yeah, the one from 1893-1898 also somehow slipped from memory. And i guess that the one that began in 1929 does not count, for though Yanquidoodlestan was still on the gold standard, you cannot count it because the Fed had already been created.

Grant, like all true believers, sees only what he wants to see.

Commented 4210 days ago

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Beginning of the headline :Jim Grant, astute monetary economist and respected author of the Interest Rate Observer said in a Bloomberg interview overnight that the dollar would crash and a new Gold Standard would be the end result of the U.S. Federal Reserve’s irresponsibilities. Although the interviewer said that Grant’s remarks were inflammatory Grant said that it is important to examine our monetary affairs over the sweep of time... Read More

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