goldis4ever

Peter Schiff on Gold, the Dollar and Asian Markets

Peter Schiff has successfully exposed people's ignorance regarding gold and the economy. But it's not their fault, really, Many business schools and the media had brainwashed so many folks into believing that a gold standard (that "barbarous relic") can somehow hinder economic growth and that Keynesian economics will solve all their problems. They never saw, particularly the younger folks, that gold was hardcore money once upon a time. They've always believed that pieces of green paper backed by some kind of "faith" is the only realistic form of money, to their detriment.

It's kinda of a coincidence that after Nixon abolished the gold standard in 1971, the U.S. economy had commenced on a steady decline, only bolstered temporarily later on by massive Pentagon spending by Reagan. And it was thru force and coercion by the U.S. that the dollar is used as the global reserve currency, solely benefiting the U.S. But its might is steadily weakening and natural forces are slowly regaining their rightful status.