Keiser Report: A Five Cent Cola and Gold (E1395)

Malaysian Prime Minister Dr. Mahathir Mohamad proposed a gold-backed currency as a unit of account for trade between East Asian nations. Today's currency trading is manipulative, he said.

“For the past 40+ years we’ve tried to remove ourselves from a gold standard, we pretended it doesn’t exist… and that failed because gold is always telling the truth… and you don’t have to trust to somebody printing up a whole bunch of money,” says Stacy Herbert.