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GoldSeek Radio's Chris Waltzek talks to Steve Forbes about our current monetary system's dysfunction, and how we might rectify the problem.
Gold has worked very well in the past, and not so well, depending on how each nation related their currency unit to their gold reserves.
Different camps have their own preferences on how this could best be accomplished.
Forbes suggests the Fed uses the floating market driven price of a troy oz as a measuring stick for how much they CAN or CAN'T loosen or tighten.
Previously the U.S., England, and others had FIXED the price of gold.
Forbes says this is not necessary.
An interesting twist on a tested solution who's time has come once again.
Check in to http://radio.goldseek.com/ each week for a fantastic show
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