Friday, July 22, 2016

GOP calls for commission to look into return to the gold standard as one of the their convention platforms

Donald Trump's son many have been correct when he said that his father's rise to become the Republican Presidential nominee was more than just a campaign, but that it is a movement.  And like the success on the Democratic side with Bernie Sanders, this movement is based on the people's desire to change a status quo that threatens to bring the economic, political, and social environments of America to the brink of collapse.

Two interesting planks came out of the just completed Republican convention this week, and they both deal with a return to former financial states.  First, the RNC voted to demand a re-instatement of the Glass-Steagal Act, which was removed under former President Bill Clinton, and directly led to the rise of too big to fail banks, and the speculative casino environment that brought about the 2008 financial collapse.

And the second plank passed on the Republican platform is something that a Presidential candidate from 2012 called for in his own platform, and that is a return to the gold standard.  And while Ron Paul was unable to get this message across to the RNC four years ago, the frequency of it has manifest this year as the Republicans voted yes to creating a commission to look into a return of gold backed money.

The Republican Party’s 2016 platform calls for a commission to explore the feasibility of effectively returning the U.S. to a gold standard. - Wall Street Journal

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