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NGUAM
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The Myth Of The New American Gold Standard

- Antal E. Fekete - Gold University

"The success of the Greenspan standard was due to Mr. Greenspan's steadfast refusal to authorize plans to sell U.S. gold. The downfall of the Bernanke standard will follow Mr. Bernanke's decision to authorize it when he finds, much to his chagrin, that hyper-inflation is no cure for deflation".

I thought that perhaps most of it has been leased out already. Technically still owned - but is it?

If actual gold ownership is in doubt then commitment to a fiat inferno is a given - but what follows. Someone has a plan and it almost certainly will be ENFORCED.

Commented 4126 days ago

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Beginning of the headline :In 1999 The New York Times ran an obituary of the "barbarous relic" from the pen of Floyd Norris under the title "Greenspan Has Become the New American Gold Standard" (op-ed page, International Herald Tribune, May 5, 1999). It alleged that the process of removing the glitter from gold has been a gradual but inexorable one and the world was more than happy to accept the greenback backed by Greenspan (no pun intended), just as earlier it had accepted the yellowback backed by the precious yellow. The earmark of the new millennium is people's unshakeable faith in the dollar. My rejoinder suggesting that "rumors about the demise of gold were grossly exaggerated", written over six years ago, is reproduced below. It goes without saying that The New York Times refused to publish it. The occasion for publishing it now is the impending historic changeover from the Greenspan standard to the Bernanke standard... Read More

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