The Klamath Basin Peace Forum

February 25, 2006

Dollar hedgeonomy

Filed under: Uncategorized — kbpeaceforum @ 3:00 pm

Mark Gaffney sent me a very powerful article about how the need to support the unbacked U.S. dollar has influenced Economic and foreign policy for years. The shift from the gold standard to the oil standard, the protection of the dollar versus the Euro to pay for oil has played a role in events. This is an interesting read. The text is from a speech by the
HON. RON PAUL OF TEXAS Before the U.S. House of Representatives on 2-15-06.
The internet location of ther article is:

http://www.house.gov/paul/congrec/congrec2006/cr021506.htm

David

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