Apr 17, 2011

Jim Grant on gold standard

If I am right about the dynamics of the Federal debt, not only is the mathematics for a gold standard compelling but so are the politics. In other words, and this should be no surprise to anyone, the transition to real money will continue until the fraud that is unbacked fiat is finally eliminated, with or without the Fed's support.

Jim Grant, Consuelo Mack Wealthtrack, April 14, 2011

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