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Americans Will Demand a Return to the Gold Standard

 
TechRaider
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08/31/2012 09:56 AM
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Americans Will Demand a Return to the Gold Standard
(snip)

"We don't have to just talk about cutting the deficit, if we go back on a gold standard, we can't finance these deficits because the Fed can't monetize the debt," he says. "The Fed can't just print money and buy bonds, and so we're going to have to actually shrink government, cut government spending."

Schiff, who's known as one of very few to call the U.S. housing crisis, blames the Bernanke Fed for creating artificially low interest rates that will eventually lead to a currency crisis that will be even larger than the 2008/09 financial meltdown.

[link to finance.yahoo.com]
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