Friday, August 3, 2012

Mike Maloney: Fed should admit gold is money then close up shop and go home

In an interesting interview on RT on July 31, the founder of gave his assessment of Fed Chairman Ben Bernanke, and the central bank's attempts to stimulate the economy with failed economic policy.  In his argument, Mike Maloney openly said that the Fed is simply defrauding the world about gold, and its value as money, and to resolve the crisis, should come out and say Gold is money, then close up shop and go home.

Seems Mike is simply agreeing with Ron Paul who has challenged the Fed over and over as to why they hold gold reserves, but continuously tell the world that it is no longer money.


Post a Comment