Forbes’ Gold Fix for the U.S. Economy

The chairman of one of the country’s top financial magazines and former presidential candidate Steve Forbes’ new warning that the Federal Reserve’s elephant gun of a loose dollar policy could trigger an economic meltdown shouldn’t be ignored. 

Just take a look at the warning signs already in the headlines around the globe below.

Forbes advises a return to a “gold standard” as the only way to avoid disaster in his new, must-read book, Money: How the Destruction of the Dollar Threatens the Global Economy -- and What We Can Do About It, co-authored by the always sharp Elizabeth Ames (McGraw Hill, May 2014).

The U.S. central bank’s "vastly misguided monetary policies are now setting the stage for a new economic and social catastrophe -- one that could rival the financial crisis and horrors of the 1930s,” Forbes wrote, adding that U.S. economic success and prosperity will come only if the dollar is fixed to gold and not subject to the Fed’s arbitrary liquidity hydrants.

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