Publishing executive and two-time presidential candidate Steve Forbes has built a distinguished career from his financial expertise. As he dissects the current administration’s economic policy in his latest book, he reveals several troubling signs that we might be in more trouble as a nation than even many of Obama’s fiercest critics realize.
He blames the Federal Reserve’s policy of printing fiat currency for a situation he said cannot be reversed without returning to a gold standard.
The entity, he explained, is engaged in “vastly misguided monetary policies” that “are now setting the stage for a new economic and social catastrophe – one that could rival the financial crisis and horrors of the 1930s.”
The book, “Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It,” was released this week and includes a number of serious allegations about the Fed and the Obama administration’s policies that enable it to continue operating against the best interest of America’s future.
“The Fed should have only two tasks: keeping the dollar fixed to gold and dealing quickly and decisively with panics,” he wrote.