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Alasdair Macleod: Fiat money and gold
By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, October 20, 2016
It is time to revisit the Fiat Money Quantity (FMQ), which totals US dollar money deposited in the banking system, the commercial banks’ money on deposit at the Fed and physical cash.
Besides alerting us to how the expansion of fiat money is progressing, an objective of this exercise is to give some guidance on the price relationship with gold. It is particularly appropriate at a time when banking analysts have turned generally bearish, believing that the rally in gold is now over.
The idea behind FMQ is to define the quantity of fiat money, which can then be compared with the value of monetary gold, which is some or all of the above-ground stocks of physical gold. ...
... For the remainder of the report:
https://wealth.goldmoney.com/research/goldmoney-insights/fiat-money-and-...
A Lone Congressional Candidate Campaigns on the Gold Standard
The New York Sun just endorsed Connecticut Republican congressional candidate Daria Novak, based on her support for restoring the gold standard:
http://www.nysun.com/editorials/a-prosperity-heroine/89742/
Daria needs us to contribute $1,000, $500, $250, $100, $50, or whatever we can afford in the fiat money that is sleeping in our checkbooks. As the Sun wrote, "She vows to crusade" on the gold standard "as key to getting job creation, economic security, and upward mobility back at a sizzling rate." Novak has been endorsed by gold standard and sound money advocates George Gilder, Lawrence Kudlow, Jimmy Kemp (Jack Kemp's son), and Jeffrey Bell ... along with Steve Forbes, who calls Ms. Novak "the prosperity heroine."
To donate to Daria's campaign, please visit:
http://novakforcongress.org/donate/
Daria will personally thank all contributors.
Daria Novak is gold's lonely champion. Give her your backing and put a voice for gold in Congress.
This message was authorized by Daria Novak for Congress.
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