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The True Gold Standard answers key questions about how to reform monetary policy and the Federal Reserve system. The book shows how we get from the official reserve currency system based on the paper-credit dollar, to a dollar convertible to gold, that is, a dollar defined in law as a certain weight unit of gold.
- What is it the best way to establish a stable dollar?
- How precisely does the United States go through the steps to establish a stable dollar worth its weight in gold?
- How does America help other countries get from here to there with us?
- After almost a century of manipulated paper- and credit-based currencies, how do nations, which need the benefits of free trade in order to prosper, terminate the anarchy of volatile, depreciating, floating exchange rates? Free trade without stable exchange rates is a fantasy.
- How, therefore, may America, with a gold-based dollar, now lead other nations toward an equitable and renewed world trading system based on a new monetary order, stable exchange rates, and reciprocal free trade inuring to the mutual benefit of all?
- How do cooperating nations stage the resumption of a true international gold standard, reforming and refunding the escalating debt and leverage of official reserve currencies?
- How do American authorities and free market participants use market-oriented techniques to establish the optimum gold value of the dollar and fairly valued, stable exchange rates, such that the durability of the gold standard and the stability of the general price level is assured over the long run?
- What are some desirable reforms of the central and commercial banking system—to be induced by market and government adaptations to the termination of the paper dollar's role as an official reserve currency and the restoration of a stable dollar—a gold-based monetary standard?
- What collateral banking reforms might be necessary to limit the excesses of the present, government-subsidized, fractional-reserve banking system such that prudent banking, under strict fiduciary rules, would reinforce, not destabilize, the long-term durability of a stable gold dollar, stable exchange rates, and the economic growth engendered by the reformed international monetary system?
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