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Originally posted by cluckerspud
CAPS ARE FOR MODS!!!
next they'll call for a gold backed world currency...(now being implemented)
Originally posted by boncho
reply to post by leftydave
next they'll call for a gold backed world currency...(now being implemented)
Source?
Originally posted by BrianC
I would say you are on the right track but the endgame will be entirely different. See, these countries are interested in protecting their lifestyle and that of their people (workers). What North America and Europe are doing is hyper-inflating gold so that they can steal gold reserves from wealthy countries they have no use for such as Libya. Once they have a huge supply of gold they will sell it all at once on the stock market making them tons of money. When they start selling ridiculous amounts of gold stock those who invest in gold will rush to take their money out (at a huge loss) and put their money into their own national currency i.e. the dollar. This will cause the dollar to increase in value while removing a large chunk of debt allowing things to continue on as they have before. It will prevent default for the U.S. but at the expense of countries like Libya.
Originally posted by leftydave
reply to post by JohnPhoenix
Thanks for your response...I follow your thinking here...Quaddafi tried to institute a gold backed dinar, and look what it got him !
Originally posted by leftydave
reply to post by JohnPhoenix
Thanks for your response...I follow your thinking here...Quaddafi tried to institute a gold backed dinar, and look what it got him !