''41 Years After The Death Of The Gold Standard, A Look At "How We Ended Up In This Economic Purgatory"

From ZeroHedge

''Gold is an honest check on the amount of leverage that can build in the financial system and it limits the amount of money the government can borrow. A government that does not have a captive central bank and fiat paper currency cannot borrow massive amounts of money (think Greece). Fiat paper money managed by complicit central banks remove any discipline of free-spending politicians. Thus, central banking and huge deficit spending go hand in hand.''

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