With
the European sovereign debt crisis threatening to dissolve the Eurozone
and the US with record budget and trade deficits the world is facing a
monetary crisis.
Central
to the sovereign debt, housing and financial derivatives bubbles has
been the provision of cheap and abundant credit. Money that has been
simply manufactured from the keyboards or printing presses of Central
bankers. As long as the financial system allows the effective
counterfeiting of paper currency to meet ever increasing central
spending – inflation and instability will ensue.
The
only policy option of the politicians and bankers has been to print
more money. This currency devaluation is a last desperate attempt to
engender recovery. It is time to consider again alternatives to this
unstable fiat paper regime.
With
the thorough discrediting of much of the worlds banking system
throughout the recent crisis there is an opportunity to re-examine the
monetary pillars of western banking. This new paper from Hizb ut-Tahrir
Britain examines the question of can and should the world return to the
gold standard.
The
debate is started by setting out the 10 main arguments against the gold
standard. We examine these arguments and present counter arguments to
explore whether they are still valid, and whether they are
insurmountable in the quest for a more stable currency in an unstable
world. (HTB)
Read Full Report from here>>>
No comments:
Post a Comment