[Ed. Note: So the banks create an unlimited amount of debt completely from thin-air, then this guy gets the bright idea that you should have have to pay it back… in GOLD… Because that won’t be the most deflationary policy in economic history. What’s a median house actually worth, priced in currency limited by a gold standard? You’ll be living in “foreclosure nation” by next Tuesday.]
by Peter Diekmeyer
Sprott Money
Maxime Bernier, who recently became the world’s first major leader to call for the re-imposition of the gold standard, is quietly carving out a niche as one of the country’s most innovative monetary policy thinkers.
“Central banks are printing massive amounts of currency to prevent the economy’s collapse under the weight of debt,” says Bernier, leader of the People’s Party of Canada. “The fiat money system is bankrupt.”
Bernier made the comments in the wake of widespread spending announcements by the Trudeau government, which he argues has been using the financial crisis to funnel money to special interest groups.
“The gold standard forces politicians to be fiscally responsible,” says Bernier. “The Trudeau Government is spending money every day that we don’t have. But in the end we have to pay, and the price will be inflation.”