GOP Considers Return to Gold Standard, Audit the Fed
by Alex Newman
The New American
The Republican Party looks set to adopt platform planks at the upcoming GOP national convention in Tampa to support an audit of the Federal Reserve and to call for a commission to study a return to the gold standard, according to news reports. Analysts had a range of reactions to the news, varying from excitement to disdain and disbelief.
Despite media claims that Republicans were seeking an end to centrally managed fiat currency and a return to gold-backed money, drafts of the platform revealed far less ambition. According to sources within the GOP cited in reports, the party is simply considering an inquiry into the possibility of re-establishing the tie between the U.S. dollar and the precious metal. What remained of the link was completely severed by President Richard Nixon in 1971.
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2012-08-27 07:27:35
Source: http://financialsurvivalnetwork.com/2012/08/gop-considers-return-to-gold-standard-audit-the-fed/
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