Friday, June 9, 2017

For the Sake of our Savings and our Economy, Let’s Ask for ECBexit!

Now retired but still active, Ron Paul – born in 1935 – is an important public figure in America. He was elected several times to Congress as a Republican, and he has been a candidate in the presidential election for the Libertarian party. He has kept asking for an audit of Fort Knox’s gold reserves, to no avail, and this cause has made him a celebrity. He is also a renowned economist, a proponent of the Austrian School, and a staunch defender of the gold standard. And this iconoclast has launched an excellent idea: he recommends that “the liberty movement capitalize on Brexit with Fed-exit". This would not mean literally to “exit” from the Fed or, in other words, to get rid of it and go back to the 1913 situation, with a gold standard – although he would love that – but at least, to start with, considerably restrict the power of the American central bank. According to Ron Paul, Congress should drastically limit the Fed’s capacity to intervene on financial markets,...

from GoldBroker.com https://www.goldbroker.com/news/for-the-sake-of-our-savings-and-our-economy-let-s-ask-for-ecbexit-1132

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