Forbes Magazine "U.S. Elites Begin To Confront The Paper Dollar"

[CaptainAmerica]

There is nowhere left to hide. America’s governing elites begin to internalize the magnitude of their failure to generate jobs. CBO now predicts worse than 8% unemployment until 2014. America begins to engage, seriously, with the implications of the faltering dollar and reconsider the appeal of the gold standard. From The New Yorker to The National Interest to The Washington Monthly to The Nixon Foundation, thoughts turn to gold.

Eichengreen, although not a gold advocate, provides an honest and nuanced assessment of the enhanced credibility of the systemic critique provided by free market advocates:

[The financial crisis's] very occurrence seemingly validated the arguments of those like [Rep. Ron] Paul who had long insisted that the economic superstructure was, as a result of government interference and fiat money, inherently unstable. Chicken Little becomes an oracle on those rare occasions when the sky actually does fall.

http://www.forbes.com/sites/ralphbenko/2011/08/29/u-s-elites-begin-to-confront-the-paper-dollar/

 

[Petar]

I seriously sense a sea-change...

 

[Austrian Econ Disciple]

I seriously sense a sea-change...

Let's see to it that we re-instate the liberty and character of yore' (such as John Taylor of Caroline and Samuel Adams), instead of what I fear most, is the citizenry becoming their own worst nightmare and clamoring for an even more authoritarian state. We're not going away any time soon, so I see cause for optimism.

 

[CaptainAmerica]

Let's see to it that we re-instate the liberty and character of yore' (such as John Taylor of Caroline and Samuel Adams), instead of what I fear most, is the citizenry becoming their own worst nightmare and clamoring for an even more authoritarian state. We're not going away any time soon, so I see cause for optimism.

I sort of expect the entire nation to clamor for more chains.Whips and chains seem to excite the nation.

 

[IDefendThePlatform]

Just tweeted. Thanks for the post. Ron Paul is the only national figure who can take credit for this. Kind of incredible.

 

[Tinnuhana]

Has Forbes endorsed Ron Paul yet this time around? Has he donated to RevPAC?

 

[johnald]

Sure......now that the IMF and central banks probably have most of the gold they'll consider a gold standard. How convenient!
If you haven't seen it yet, watch "Money Masters", it explains a lot

 

[Pericles]

Or, they just got back from Switzerland and noticed that the dollar was worthless when compared to the Swiss Franc.

 

[oyarde]

Or, they just got back from Switzerland and noticed that the dollar was worthless when compared to the Swiss Franc.

Possible .

 

[WilliamC]

I sort of expect the entire nation to clamor for more chains.Whips and chains seem to excite the nation.

Political bondage eh?

Yuck.

 

[CaptainAmerica]

Has Forbes endorsed Ron Paul yet this time around? Has he donated to RevPAC?

Not sure