Steve Forbes and Steve Lonegan Team up , to Mend the Fed and Restore a Classical Gold Standard
New York, NY , Steve Forbes and Steven Lonegan have joined forces and embarked on a mission to defend the liberty of the individual, which can only be protected when the wages, quality of life and savings earned through the fruits of one’s labor are preserved by the maintenance of sound currency.
According to the group ,there is no greater expression of private property than the preservation of value that is maintained in our currency. Our money is the measure of the value of our earnings and savings, our property. When someone’s property is taken without their consent, this amounts to an attack on this most fundamental right. Today’s monetary policy takes control of our money and hands it to unelected bureaucrats. Our mission is to return control of our money to the people, fix the dollar and restore sound money.
According to the two Steve’s the Golden Age of Equitable prosperity in America ended with the closing of the gold window by President Nixon in 1971 . The closing of the “gold window ” was the de-faco death of the American Dream .
The Bank of England calculates, If America had stayed with the gold standard your real income would be 50% higher. That would solve a lot of problems. Moreover, there are solid reasons to believe that America can make up for lost time and create the kind of sizzling economic growth that would raise wages across-the-board, making up in a decade what ground was lost over the last 40 years.
The Federal Reserve System was invented to work within the classical gold standard. What, then, is to be done? If the Fed follows “the golden rule” — a better version of the Great Moderation that led to the great job growth under Presidents Reagan and Clinton — we can restore the American Dream.
By restoring the classical gold standard, and if possible changing a few laws so as to permit competing currencies, America can create a climate of equitable prosperity that will generate tens of millions of good new jobs, end wage stagnation, restore a climate of opportunity wherein everyone – blue or white collar, of every age, race, and creed – can climb the ladder to affluence, balance the federal budget via economic growth, provide the resources to improve the natural environment and fix our decaying national infrastructure.