All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams
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Thursday, April 21, 2011

Bill Still vs The Austrian School of Economics on Gold and Silver Standard

Bill Still says that all the Austrian economics have correctly identified the problem but they have misidentified the solution because they believe that a return to gold backed money or commodity backed money or some combination of commodities for backing money will effectively control the quantity and break the back of the FED it's just not true says Bill Still (and I do not agree with him here ) Mr. Still is an author and documentary film maker, best known for his documentary "The Money Masters" and his his latest documentary film "The Secret of Oz." where he covers the history of money and the Federal Reserve System.



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