The Top Ten Reasons That You Should Support the
I bring to my columns an extensive background in the investment management business, including my experience as an equity portfolio manager, strategist, president of my former firm''s retail sales and marketing subsidiary and member of the parent firm''s management committee. As such, I have been a student and observer of the political/economy and its affects on markets, businesses, and my own business for more than 30 years.
The Republican Party Testosterone Cypionate Negative Side Effects Platform''s call for the creation of a commission to evaluate restoring the link between the dollar and gold may prove to be the biggest upside surprise of the 2012 Presidential contest. If successful, a serious buy cheap jintropin online effort to chart a responsible path toward making the dollar as good as gold would provide the linchpin to restoring economic growth, low unemployment, entitlement reform and, as a consequence, balance to the federal budget.
Yet, reaction to the gold plank in the proposed Republican Party Platform has been greeted by the predictable hostility of the "experts" whose comments the press dutifully reports. What has gone largely unreported are ten reasons the American people should support the creation of a "gold commission."
1) A gold standard is key to achieving a period of sustained, 4% real economic growth. dollar was created as a defined weight of gold and silver in 1792. economy grew at a 3.9% average annual rate, including all of the panics, wars, industrialization and a myriad other events. economy also grew on average 4% a year. economic growth has averaged an anemic 2.8% a year. The only 40 year periods in which the economic growth was slower were those ending in the Great Depression, from 1930 to 1940.
2) A gold standard reduces the risk of recessions and financial crises.
Critics of the gold standard point out, correctly, that it would prohibit the Federal Reserve from manipulating interest rates and the value of the dollar in hopes of stimulating demand. In fact, the idea "Jintropin (Gensci Pharmaceutical Co. Ltd.)" that a paper dollar would lead to a more stable economy was one of the key selling points for abandoning the gold standard in 1971.
However, this power has done far more harm than good. Under the paper dollar, recessions have become more severe and financial crises more frequent. During the post World War II gold standard, unemployment averaged less than 5% and never rose above 7% during a calendar year. Since going off gold, unemployment has averaged more than 6%, and has been above 8% now for nearly Winstrol 6 Week Cycle 3.5 years.
Between 1947 Testosterone Enanthate Nedir and 1967, there was only "buy cheap jintropin online" one currency crisis involving the British pound, and no major bank failures in the United States. By contrast, during the last four decades under a paper dollar, the world has suffered through 12 financial crises beginning with the oil shock of 1973 and culminating in the financial crisis of 2008 09, and now the sovereign debt crisis in Europe.
Claims that the gold standard "caused" the Great Bivirkninger Depression are a gross simplification.
3) A gold standard would restore rising living standards to the middle 4-chlorodehydromethyltestosteron class.
When the dollar was as good as gold, the middle class prospered. Between 1950 and 1968, real median incomes of males climbed to $32,310 (in 2009 dollars) from $19,989 or 2.7% a year.