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Peter Schiff on Gold, the Dollar and Asian Markets

in other words, if we return to the gold standard, we are going to have massive social unrest around the world.

i agree on principle that the gold standard allocates resources most efficiently, but there clearly isnt enough gold to go around to satisfy human wants.

the idea to abolish the gold standard was for the US govt to somehow, through market magic perhaps, balance this forces.

if the world wants more USD and has the resources and business abilitiesto back it, we'll print them.

but here's the problem with supply and demand when it comes to money; when will demand contract?

only perhaps when the ingenuity and greed of man goes to dust i guess.