IMF to Rob Italy of its Gold

[Mega]

http://maxkeiser.com/2011/11/28/ital...style/#respond

Yep!
Mike

[doom&gloom]

Re: IMF to Rob Italy of its Gold

one would think the italian people are smart enough to stand up to this, but with a former Goldman Sux man in charge, you never know...

[Starving Steve]

Re: IMF to Rob Italy of its Gold

I would think that when nations have to put up gold to cover their worthless debts and worthless currency, things are going to change very fast in the economic world, and for the better. This is a step toward a gold standard, worldwide.

[Andreuccio]

Re: IMF to Rob Italy of its Gold

I would think that when nations have to put up gold to cover their worthless debts and worthless currency, things are going to change very fast in the economic world, and for the better. This is a step toward a gold standard, worldwide.

This is a step towards Goldman Sachs owning as much gold as they possibly can, worldwide.

[Starving Steve]

Re: IMF to Rob Italy of its Gold

This is a step towards Goldman Sachs owning as much gold as they possibly can, worldwide.

The way I see it, Italy would have to put-up its gold to the IMF for Euros ( or Lire ) to pay-off its debts. This would be a movement of gold from Italy to the IMF to keep the charade going in Italy. But the point is: the gold functions as money to make the whole thing work, and that is a move toward the gold standard.

This is one small step for the IMF, and one big leap toward the gold standard for mankind.

[doom&gloom]

Re: IMF to Rob Italy of its Gold

The way I see it, Italy would have to put-up its gold to the IMF for Euros ( or Lire ) to pay-off its debts. This would be a movement of gold from Italy to the IMF to keep the charade going in Italy. But the point is: the gold functions as money to make the whole thing work, and that is a move toward the gold standard.

This is one small step for the IMF, and one big leap toward the gold standard for mankind.

Look at the Argentine lesson -- just default and don't pay your bills. Keep your funds in the BIS instead.

This is the stuff of history countless times. If you put my in charge of Italy and I have to leave the Euro, I just say, "Okay, we pay 10 cents on the lira. Don't like it? Fine, we pay 5 cents on the lira."