Dominic Lawson’s latest piece in the Independent highlights a much needed articulation in the Press of the virtues of the Gold standard against the curse of Western Finance - one that is underpinned by the Fiat standard.
Unlike Fiat currencies - money that has no tangible backing - gold never overstates its earnings, understates its liabilities or declares bankruptcy. Gold has been used for centuries in societies, and is divinely ordained as one of the currencies stipulated by the Shar’iah.
After World War One, the United States became established as the leading …