Bank of Tokyo-Mitsubishi’s Chris Rupkey and American Principles Project Chairman Sean Fieler discuss what the Federal Reserve may be like with Janet Yellen as chairman. They speak with Mark Crumpton on Bloomberg Television’s “Bottom Line.” (Source: Bloomberg) Click the image below to view on Bloomberg.
Gold Is Money Project
Money with independent value is a crucial component of a free society and a free market. Gold has proved throughout history to be the ideal monetary commodity because it is universally valuable and has a steady supply growth. The classical gold standard produced the highest levels of long-term price stability and economic growth of all U.S. monetary systems. The current paper dollar standard has caused financial disorder and kept the American economy from reaching its potential.
The American Principles Project promotes gold-backed monetary reform at the national and state levels. We educate lawmakers and policymakers about the need for such reform, communicating these themes through the mainstream media, and engaging with activists and voters on this cause. APP championed a presidential commission on gold before it was included in the Republican primary contest, has been the leader of the movement to use states’ constitutional legal tender power to monetize gold, and has reached mass audiences though commercials and town halls.
State Legal Tender
State Legal Tender was created to foster discussion about the ability of states to use hard money. At a time when citizens are becoming increasingly frustrated about the dollar’s loss of purchasing power, enabling them to use gold and silver coins as currency is a first step toward fixing our dysfunctional monetary system.