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DRGEORGE
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The Gold Standard: Generator & Protector Of Jobs

- Hugo Salinas Price - plata.com.mx

Sure no one, not Asians, not Westerners, no one wants to do those shitty, boring, repetitive, dangerous jobs - unless what they currently do is worse (like back breaking farm work) or they are in poverty- inadequate food, shelter, medicine for sick or dying children etc. But soon no-one will, robots will oblige us with that. The question will still be; How do we equitably distribute what will still be finite wealth? What do you trust as a medium of exchange? Precious metals or fiat currency whose value can be altered at the whim of unelected bureaucrats?

Commented 2857 days ago

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Beginning of the headline :The abandonment of the gold standard in 1971 is closely tied to the massive unemployment the industrialized world has suffered in recent years; Mexico, even with a lower level of industrialization than the developed countries, has also lost jobs due to the closing of industries; in recent years, the creation of new jobs in productive activities has been anemic at best... Read More

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