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Good evening Itulipers
Rather than me posting a few links to British news papers or an anti-loose money rant I thought we try to discuss the future. As I see it we are heading for a Gold Standard of some sort.
“They” killed Gold in 1971 & no way did they want its return, with a Gold standard it would not have been possible for the ffice:smarttags" />US
The Stalemate carried on till Robert Zoeluck over at the World Bank let slip that some currency with some form of Gold backing “might” be a way forward. The logjam was broken …..i suspect major talks have been going on since then. I think at this point there are a number of things we must ask ourselves.
1st what % of backing to give a($) currency?
I think “They” will offer 40% Gold & perhaps something else……in effect they are offering to pay 50% of the debt of the US…….China etc would have to accept a 50% hair cut.
2nd Will Gold have a crack up boom then collapse?
This is were I totally disagree with EJ/Max Keiser….both are saying Gold $3-5,000……..then rocket to upwards & we should sell into strength. I don’t have their years of experience or intellect, all I have is “Layman logic”.
It tells me that once the connection that Gold is once more money on this planet there will be a move into it. 1.1 billion in India & 1.3 billion inChina
Yes, they dirt poor……but becoming richer EVERYday…….No I don’t think Gold will collapse. I think it will be “managed” & I think it will be in everyone’s best interests to ensure that it keeps a high STABLE price.
Only other question is WHEN?
2013-2015 ish……….WW3 permitting.
Mike
Rather than me posting a few links to British news papers or an anti-loose money rant I thought we try to discuss the future. As I see it we are heading for a Gold Standard of some sort.
“They” despite to hang on to the empire have pushed the idea of the SDR. It took EVERYONE on the Planet about 3 nano seconds to suss that it was just another FIAT paper money scam that would solve nothing.
“They” killed Gold in 1971 & no way did they want its return, with a Gold standard it would not have been possible for the ffice:smarttags" />
No, the World has had enough of “
The Stalemate carried on till Robert Zoeluck over at the World Bank let slip that some currency with some form of Gold backing “might” be a way forward. The logjam was broken …..i suspect major talks have been going on since then. I think at this point there are a number of things we must ask ourselves.
1st what % of backing to give a($) currency?
I think “They” will offer 40% Gold & perhaps something else……in effect they are offering to pay 50% of the debt of the US…….China etc would have to accept a 50% hair cut.
2nd Will Gold have a crack up boom then collapse?
This is were I totally disagree with EJ/Max Keiser….both are saying Gold $3-5,000……..then rocket to upwards & we should sell into strength. I don’t have their years of experience or intellect, all I have is “Layman logic”.
It tells me that once the connection that Gold is once more money on this planet there will be a move into it. 1.1 billion in India & 1.3 billion in
Yes, they dirt poor……but becoming richer EVERYday…….No I don’t think Gold will collapse. I think it will be “managed” & I think it will be in everyone’s best interests to ensure that it keeps a high STABLE price.
Only other question is WHEN?
2013-2015 ish……….WW3 permitting.
Mike
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