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Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It by Elizabeth Ames, Steve Forbes

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CHAPTER 6

The Gold StandardHow to Rescue the Twenty-First Century Global Economy

      Time will run back and fetch the Age of Gold.

—JOHN MILTON

      You cannot have a gold standard system in the future if nobody knows how to do it.

—NATHAN LEWIS, Gold: The Monetary Polaris

FREEING THE DOLLAR FROM GOLD WAS SUPPOSED TO MAKE the United States stronger. Instead it has made the country weaker. It has eroded America’s wealth and has jeopardized its leadership position as the world’s strongest economy.

Something has to be done.

There is a growing consensus that the U.S. monetary system is broken. A 2013 Rasmussen poll found that an astounding 74% of American adults are in favor of auditing the Federal Reserve and making the results public. Only ...

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