wall street. with all that said, for the 401(k)s of the world, it is the worst june, certainly beginning again, these few-day patterns are as good as a few days, but it has been a rough beginning to june, and in fact, the 2012 gains are now gone. s&p down 10%. the point is the trend is swinging the other way. the sellout, of course, a swing of things, the least of which is a very weak jobs report, limited occasions of job creation, let alone the 30 million jobs we like to talk about around here, let alone failure to solve the financial crisis since 2008 as it is manifesting itself quite grimly in places like spain and we all know about greece. fed money printing. this is what it s come to, my friends. a hope that the central bank, which is now authorized to do as it sees fit, will simply print as much money as we need, because apparently that s the new solution as opposed to
and should not mandate the gold standard. that is presidential candidate ron paul telling us it s time to return to the gold standard. until 1971, gold was the base for the u.s. dollar. 40 years later, could gold or could the concept of gold? we ll get into that. act as a counter to fed money printing, a way to inhibit the capacity our government has to manufacture literally 20, $30 trillion at a time, whenever it s need to do bail out the politicians at the time. the gold standard either literally or conceptually, provides a mechanism to prevent that. matt fisher is a bureaucrat for the money magazine and he has just published an e-book. in gold we trust is the title of the book. you re dealing with an age identify old concept. you re delivering the information in a very modern and