``... there is another way to rebalance the world economy. Simply return the dollar to the gold standard and let the Chinese trade their maturing Treasury obligations for U.S. gold, if they wish, as was done on the Bretton Woods system. Critics will quickly point out that this would represent a bargain basement sale of America's most valuable financial asset; and they would be right. But this is not because the idea is flawed, but because the price of gold is kept artificially low by central banks operating through their fiscal agents at the BIS and the London Bullion Market Association. ''

Comments: Be the first to add a comment

add a comment | go to forum thread