Mon, 13 Aug 2012 04:27:23 GMT
By Jon Matonis Forbes Tuesday, August 7, 2012 http://www.forbes.com/sites/jonmatonis/2012/08/07/parallel-currencies-and-the-roadmap-to-monetary-freedom/ It may not be as historically significant as President Nixon closing the gold window in 1971, but Rep. Ron Paul laid out the framework for the inevitable monetary confrontation of the future in his final U.S. Domestic Monetary Policy Subcommittee hearing on "Sound Money: Parallel Currencies and the Roadmap to Monetary Freedom." The experts testifying included Robert Gray, Executive Director of the American Open Currency Standard, Forbes contributor Nathan Lewis, author of Gold: The Once and Future Money, and Dr. Richard Ebeling, Northwood University economics professor. Rep. Paul also included a prepared statement from constitutional lawyer and monetary expert, Dr. Edwin Vieira, who was unable to attend. Summarizing the August 2nd Congressional hearing, Alex Newman wrote for The New American: "According to Paul, the only way to stabilize the economy is by returning to monetary freedom and legalizing constitutional money. And until the U.S. government and the Fed get out of the way so the American people can choose what money to use without government coercion, the economy will never be truly stable and the supposed 'recovery' will be 'illusory,' he added. Meanwhile, other nations are already catching on to the hoax even as Americans lack the freedoms that citizens in some other...
alex newman, nathan lewis, richard ebeling, robert gray, edwin vieira, ron paul, nixon, the american open, u.s. government, policy subcommittee, us federal reserve, northwood university, monetary policy, macroeconomics, public finance, economics, money, federal reserve system, international trade, executive director, president, author, constitutional lawyer, economics professor