It was, unquestionably, the most destructive event in modern monetary history – yet hardly anyone remembers it or knows about it…
Hopefully the FT reporters involved in the story have done slightly more due diligence than occurred in last week’s FT report that the CFTC was dropping it’s 4 year silver investigation (which was immediately emphatically denied by the CFTC’s Bart Chilton), but the FT reports tonight that the Republican party is set to include ‘gold commission’ with the goal of returning the US to the gold standard as part of official Republican party policy at the RNC Monday.
While we remain skeptical that such a policy would remain a Republican goal should Romney actually be elected POTUS, if this is legitimate we have 5 words for the Federal Reserve and Mr. Bernanke:
Ron. Paul. For. The. Win!
The FT is reporting that the gold standard has returned to mainstream US politics for the first time in 30 years with a ‘gold commission’ set to become part of official Republican party policy.