July 2012 archive

Keynes, The Gold Standard and The Golden Guinea

In an article published in the London Times on July 20th, “Reality and discipline are gone with gold”, William Rees-Mogg, its distinguished former editor, bemoaned the passing of the Gold Standard and criticised Keynes as an advocate of the paper money system which, he argued, made possible the reckless lending and speculation that led to the current …

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Time for a New World Currency backed by Gold

The euro is not sustainable in its current form.  The imbalances between different Eurozone states – with Germany running large and persistent Payment surpluses, while Portugal, Ireland, Italy, Greece and Spain (the PIIGS) are battling with intractable deficits – will eventually lead to the breakdown of the entire system. The attempt by the PIIGS to address their Payment deficits …

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Permanent link to this article: http://www.goldenguinea.com/time-for-a-new-world-currency-backed-by-gold/