We Already Have A Gold Standard
“Scarce credit combined with scarce dollars.”
Why, it almost sounds like we have a virtual gold standard right now.Why are dollars scarce when the Fed is pumping money out? Well, the money’s going to the banks and it’s sitting… where, exactly?It’s not circulating among the majority of the public, only between the hands of rich businesses and the wealthy. There’s a lot of reason the richest 95% have gotten literally ALL the gains since the recovery and don’t plan on sharing any of it.
Without a mechanism for the money to dribble down to the depths of the sullied plebs from the majestic Olympian scales of wealth, we may as well have a gold standard again.
Make it official.