Gold, the Dollar and the New American Ruling Class: Whose Money Is It Anyway? John H. Horst

ISBN:

Published: March 21st 2015

ebook

37 pages


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Gold, the Dollar and the New American Ruling Class: Whose Money Is It Anyway?  by  John H. Horst

Gold, the Dollar and the New American Ruling Class: Whose Money Is It Anyway? by John H. Horst
March 21st 2015 | ebook | PDF, EPUB, FB2, DjVu, talking book, mp3, ZIP | 37 pages | ISBN: | 7.73 Mb

In an economy that seems upside down - where a good jobs report results in triple-digit drops in the stock market - the distortions of public debt sown a generation ago have only now begun to become clear. Competing economic theories only seem toMoreIn an economy that seems upside down - where a good jobs report results in triple-digit drops in the stock market - the distortions of public debt sown a generation ago have only now begun to become clear.

Competing economic theories only seem to make it harder to understand the issues.In Gold, the Dollar, and the New American Ruling Class John H. Horst cuts through the fog of arcane academic debates to pull forward from history the origins of our money and banking system.

Showing how a nations money supply was confiscated by its king to fund a war, Horst shows that from the Vietnam War & Great Society to todays politically preferred uses of our money supply, the political parties war over control of the money supply in much the same way.Horst asks a fundamental question: Whose money is it anyway. He shows here that the gold standard meant the dollar served as a measure of our claim on our gold - we do not have king that would confiscate it - held by the Treasury on our behalf.

But once we were forced to remove the dollar from this standard, it could no longer measure that claim.Deficits and their aggregate - the public debt - followed, as did income inequality. Horst shows that the financial sector - now in complete control of the money supply - and the political sector have become the New American Ruling Class. Or to Occupy the Language, as Horst suggests, this ruling class is the one percent who have now presumed to confiscate the money supply - which should belong to the 99% - the rest of us.An innovative ten-year plan to return to the gold standard without suffering either catastrophic inflation or deflation is presented here.

No other writer has proposed a workable strategy for this. By taking advantage of advances in oil and gas production, Horst shows how we can safely return to a gold standard.With his usual somewhat cheeky sarcasm and wit, Horst attempts to turn important - but often very abstract and complex - issues into a plan for the future which can easily be grasped and pursued in the marketplace of ideas.



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