web analytics
August 20, 2014 / 24 Av, 5774
Israel at War: Operation Protective Edge
 
 
At a Glance
Blogs
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



What if Israel Were on the Gold Standard?

We would see a massive transfer of wealth away from the banks and the government and the stock market and real estate which will all crash and back to the wage earning middle class who would then be earning gold.

investing-in-gold_4548807_lrg

But it will be very helpful for everyone who is hurt by inflation. We will see a massive transfer of wealth away from the banks and the government and the stock market and real estate which will all crash and back to the wage earning middle class who will now be earning gold.

Unions like the Histadrut will have to forego all legislative advantages its members now have, or risk massive unemployment throughout the country. They will of course force a general strike and they will have to be stripped of their power. The minimum wage which discriminates against unskilled workers, will have to be eliminated. Wages will fall in nominal terms, but the purchasing power of wages will increase dramatically.

Instead of wages going up but the price of goods going up even faster, the situation will be reverse. Wages will go down but the price of goods will drop even faster. This is what builds the middle class.

The crash will happen eventually anyway. But if we take these steps now and free the economy, the economy will be radically restructured in about a year, the middle class will be earning real, hard money that gains in value every year instead of loses it and they will become richer. The poor will become the new middle class. Banks will be smaller, the stock market more stable, unions much much weaker if they exist at all, and the distribution of wealth will be much more even throughout the country. And 50 years from now, it will take 5 to 10 years and only 1 salary to pay down a mortgage.

It will be a very hard transition, but either we make it now, or it will be forced on us anyway at some point in the near future. We are supposed to be a light unto the nations. Let’s make  Jerusalem truly of gold. As the only country on the gold standard, gold will flow in from everywhere in the world and the shekel will be stronger than any currency on the planet. Israel will shine as an economic light to the nations as a beacon of honest, hard money for all the world to see.

Visit Settlers of Samaria.

About the Author: Rafi Farber blogs at SettlersofSamaria.org.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

4 Responses to “What if Israel Were on the Gold Standard?”

  1. Samuel Ramos says:

    Israel must stay away from the Gold Standard….too much vulnerabliity to currency manipulations by the larger Sovereign Powers!

  2. Samuel Ramos says:

    Israel must stay away from the Gold Standard….too much vulnerabliity to currency manipulations by the larger Sovereign Powers!

  3. The Jerusalem Institute of Market Studies, Boris Karpa, and the Libertarian/Free Market crowd in Israel would be ideal for working on such a proposal.

  4. Rafi Farber says:

    I have a better way. Elect a PM that wants to do it. We only need 62 men. One head of the BoI, and 61 knesset members to destroy the unions and the minimum wage and slash the budget like there's no tomorrow.

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
The Gaza Region
Live Updates: Hamas Rockets Land Along Coast, In Border Towns (14:46pm)
Latest Blogs Stories
UNHRC war crimes panel head William Schabas - Not a good Schabas

But the real culprit is William Schabas, who by comparison makes Richard Goldstone look like a saint

South Africa of Flag

“The Jewish board of deputies, who are complicit, will feel the wrath of the People of SA with the age old biblical teaching of an eye for an eye.”

Doug Goldstein

Discussion on recent changes to Social Security benefits and how it will effect you.

bibi release

I do not understand why Bibi or anyone else (Obama) would ever contemplate accepting any terms by an organization that states loud and clear their goal of Israel’s destruction.

It’s the 4th time in 5 years Maccabi Haifa has traveled to America to play against NBA competition.

The media dumped on the “Lehava” people as extremist – racist and should mind their own business.

What is the point of having our own state when it cooperates with those who are against us?

It was the “first family event I missed due to aliyah.”

Antisemitism, stupidity, fear, or exaggeration?

 “If I’m not back in 5 minutes, I’m dead” Lt. Eitan lead a group of soldiers into the tunnel, warning them that it could be booby trapped and that if danger arose, they needed to open fire immediately. “There, I saw Hadar’s blood and his equipment.” To his right, Eitan found bags blocking the passage […]

I am a right wing religious Jewish settler and I HATE seeing pictures of kids in Gaza who are dying or suffering because of this war.

Doug speaks with World Chess Cahmpion Magnus Carlsen.

If they weren’t true they would be funny!

Professor Aumann: Instead of hitting the opponent… step back and allow the opponent to hit himself

A letter from a survivor who recounts the horrors of the 1929 pogrom in Hebron.

Do Keynesian theories about government spending still apply today?

More Articles from Rafi Farber
investing-in-gold_4548807_lrg

We would see a massive transfer of wealth away from the banks and the government and the stock market and real estate which will all crash and back to the wage earning middle class who would then be earning gold.

Ron-Paul

People, we are being hoodwinked. No matter what the government says, the government does not define marriage, nor can it.

The finance minister will be me and only me, and I will cut everyone’s budget by 100% and return all the money to the taxpayers who it was stolen from.

In an interview with Galei Yisrael radio station, Likud MK Moshe Feiglin hinted he has a secret plan to help free Jonathan Pollard.

All Feiglin really should say is that the gay community should do whatever it wants, raise its own money, and stop trying to legislate laws which cost money and force unwilling people to pay for something they don’t believe in.

There should be no central bank which regulates the supply of money.

Bibi wants the smallest Likud possible while still maintaining his PM seat.

There is nothing qualitatively different between a trillion dollar coin, and a one dollar bill.

    Latest Poll

    Do you think the FAA ban on US flights to Israel is political?






    View Results

    Loading ... Loading ...

Printed from: http://www.jewishpress.com/blogs/settlers-of-samaria/what-if-israel-were-on-the-gold-standard/2013/04/17/

Scan this QR code to visit this page online: