Newsgroup: it.economia.borsa
Titolo: Negli States si discute la possibilita' di un ritorno al GOLD STANDARD...

The Biggest Threat to the Average American's Financial Health
Is the continued debasement of the currency. I'm not throwing bombs or 
predicting utter disaster. I don't think we're headed for post-WWI 
Germany. And I'm not hoarding gold coins, guns and ammo.
But the debt level -- and the politicians and all those connected to the 
federal government gravy train refusal to get serious about it -- make 
monetizing the debt at least a significant possibility.
Even a probability.
If you live in America, that impacts every aspect of your life. 
Everything from money saved for retirement to running down to the corner 
store to buy groceries.
And, as Lewis Lehrman wrote in Tuesday's Wall Street Journal, unless the 
politicians are willing to PREVENT monetizing of the debt, all the plans 
we're hearing about won't succeed.
In short, no reform of the Federal Reserve system equals no success in 
spending restraint.
Here's his recipe for what should happen:
First, in order to limit Fed discretion, the dollar must be made 
convertible to a weight unit of gold by congressional statute at a price 
that preserves the level of nominal wages in order to avoid the threat 
of deflation. Second, the government must at the same time be prohibited 
from financing its deficit at the Fed or in the banks both at home or 
abroad. Third, only in the free market for true savings undisguised by 
inflationary new Federal Reserve money and banking system credit will 
interest rates signal to voters the consequences of growing federal 
government deficits.
Unrestricted convertibility of the dollar to gold at the statutory price 
restricts Federal Reserve creation of excess dollars and the inflation 
caused by Fed financing of the deficit. This is so because excess 
dollars in the financial markets, at home or abroad, would lead to 
redemption of the undesired dollars into gold at the statutory parity 
price, thus requiring the Fed to reduce the expansion of credit in order 
to preserve the lawful convertibility parity of the dollar-gold 
relationship, thereby reducing the threat of inflation.
This monetary reform would provide an indispensable restraint, not only 
on the Federal Reserve, but also on the global banking system based as 
the system now is on the dollar standard and foreign official dollar 
reserves. Establishing dollar convertibility to a weight unit of gold, 
and ending the dollar's reserve currency role, constitute the dual 
institutional mechanisms by which sustained, systemic inflation is ruled 
out of the integrated world trading system. It would also prevent access 
to unlimited Fed credit by which to finance ever-growing government.
The good news is that the G-word is being uttered more often these days. 
And without everyone thinking only kooks or conspiracy theorists say 
such things.
But the bad news is that both political parties, at the top, want to 
have the power to manipulate the currency. And we have a very long way 
to go to counter that.
-- 
\"A volte il Senato, la Camera...votano...leggi...che noi 
stessi 
che le votiamo non e\' che le capiamo bene.\"
[... 
http://tinyurl.com/397f7sh
 ....]
Da parte mia devo solo ringraziare l\'onorevole per la 
schiettezza dimostrata...chiedendomi...come fate ad 
andare ancora a votare ed avere fiducia in queste 
istituzioni?
(ridateci il voto di preferenza e il maggioritario 
uninominale, poi a mandarvi a casa e ridurvi di numero ci 
pensiamo noi!)
Altro che referendum sul nucleare, l\'acqua pubblica o per 
l\'abolizione dei temperini...bisogna organizzarci per 
riportare la democrazia e la cultura nel Parlamento 
Italiano altrimenti siamo destinati a fallire con questa 
classe dirigente, ignorante e caciarona...senza 
distinzione di appartenenza.

 Germany. And I'm not hoarding gold coins, guns and ammo.
tu pensi sia possibile una cosa del genere? 

 ha scritto:

No...


 No...
:-)