The Fragility of Fiat Currencies vs. the Gold Standard

In his article of February 21 Alasdair Macleod said “In my last Goldmoney article, I explained why the monetary policies of inflationist economists and policy makers would end up destroying fiat currencies. The destruction will come from ordinary people, who are forced by law to use the state’s money for settling their day-to-day transactions. Ordinary people, each one a trinity of production, consumption and saving, will eventually wake up to the fraud of monetary inflation and discard their government’s medium of exchange as intrinsically worthless.

In my interview with Alasdair Macleod today I will be addressing the question of nations servicing their debt and the possibility of a return to a gold exchange standard which Alasdair believes it is the only way to avoid alternative inflationist policies.  But will the West view this as a viable route? Will the U.S. dollar return to an inflationary policy of QE or finally accept that Keynesian policies in place will only end up destroying the dollar and U.S. economy?

I would suggest you read Alasdair Macleod’s article “The return to a gold exchange standard” at https://www.goldmoney.com/research/goldmoney-insights/the-return-to-a-gold-exchange-standard and listen to my radio show and interview with Alasdair live starting at 3:30 p.m. EST at www.voiceamerica.com/Show/1501 or if you can’t listen to the live show, you can listen to or download the podcast that will be posted tomorrow, March 6, at this website.