Gold Standard

New research suggests a long-term plan to revamp the global financial system.

As the inflation crisis eats away at people’s purchasing power, many want to return to the gold standard. On October 10, Rep. Alex Mooney introduced the Gold Standard Restoration Act to Congress to halt deficit spending and runaway inflation. Of course, no one believes it will pass. American politicians like spending money too much. But other nations may move to establish a gold-backed means of exchange sooner than most analysts think. Iraq, Turkey, Uzbekistan, Kazakhstan and India are buying up gold at an alarming rate. At the same time, euro zone nations continue to equalize their monetary gold reserves in proportion to their gross domestic product.

Read more at “Will Europe Bring Back the Gold Standard?”