May Go On a Gold Standard; Disses U.S. Dollar
by Robert Wenzel: On
the Road With Ron Paul
a weekend that appears to have been designed by Salvador Dali on
a Timothy Leary assisted LSD trip, Zimbabwe's central bank president,
Dr Gideon Gono, is calling for Zimbabwe to consider going on the
known for their inflationary ways (their
inflation rate reached 489 billion percent in September 2008)
has possibly recognized that the former leader of the bankster world
arrested Dominique Strauss-Kahn is a bankster scam artist and
that gold is the only real hard money.
is a need for us to begin thinking seriously and urgently about
introducing a Gold-backed Zimbabwe currency which will not only
be stable but internationally acceptable, he said in an interview
with state media, reports
to re-think our gold-mining strategy, our gold-liberalisation and
marketing strategies as a country. The world needs to and will most
certainly move to a gold standard and Zimbabwe must lead the way.
dissed the dollar:
the inflationary effects of United States deficit financing
of its budget was likely to impact other countries to leading
to a resistance of the green back as a base currency.
events of the 2008 Global Financial Crisis demand a new approach
to self reliance and a stable mineral-backed currency and to me,
Gold has proven over the years that it is a stable and most desired
precious metal, Gono said.
What can I
say? Call it the Ron Paul impact. After a very bad Keynesian trip,
Zimbabwe now recognizes the truth spoketh by Ron Paul.
with permission from the Economic
Economic Policy Journal
Best of Robert Wenzel