Welcome to my leadership blog. Ideas have consequences and the goal of this blog is to discuss ideas of consequence. Some ideas you may agree with and some you may disagree. No worries. The only rules are that you post under your own name and that you think and discuss in a civil manner. People who attack others only prove they have reached the limit of their logic. The Bible states, "Iron sharpens iron" and we will sharpen one another by what we read, write and think. The goal of this blog is to help us identify and follow truth in all areas of our lives. I encourage you to join our leadership discussion and transform yourself and others through the renewing of our minds.
Re: Political Leadership & Monetary Morality
by Sunil Malhotra
Powerful post Orrin. Wikipedia's entry on Gold Standard we have an alarming set of statistics to counter. The total amount of gold that has ever been mined has been estimated at around 142,000 tonnes. Assuming a gold price of US$1,000 per ounce, or $32,500 per kilogram, the total value of all the gold ever mined would be around $4.5 trillion. This is less than the value of circulating money in the U.S. alone, where more than $7.6 trillion is in circulation or in deposit (although international banking currently practices fractional reserves). Let's save Gloomsday from becoming Doomsday. My detailed comments are on my blog
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