Insider says gold and silver will back money

[paperboy]

Put it here instead.
Would that be a way out of the box that central banks have put themselves into? Ben can´t be to happy that 10 year exploded higher.

The way i see it it would solve the key problem that is trust.
Just like she says.


"What’s going to happen, is we’re going to have all the countries of the world, sit down and figure out what’s going to be the best, most orderly transition from the current system that we have, [which has] profound imbalance and unsustainable deficits…[this change] is going to happen as each country makes its preference known, because the system we have now is not transparent, and the biggest change [in the new system], is that there’s going to be transparency.”



http://www.silverdoctors.com/world-...erve-as-an-underpinning-for-paper-currencies/

 

[blah12345678]

And **poof**, all the debts and balance of trade surpluses/deficits between the sovereign nations magically disappear, since none of it is real in the first place (just scribbles in the accounting ledgers)...

And we wake up from our bad dream like it was 1956 again, with the Bretton Woods pact and policies still in place. And all the major currencies pegged to gold again... And a top marginal tax rate of 91%....

http://taxfoundation.org/article/us...-2013-nominal-and-inflation-adjusted-brackets

 

[paperboy]

Interestingly in spiritual groups there is this dicussion about Nesara and gold/Silver backed currencies.

 

[paperboy]

"And **poof**, all the debts and balance of trade surpluses/deficits between the sovereign nations magically disappear, since none of it is real in the first place"


Jup..Amazing what can be done if major countries work together.

 

[tandh]

Money will never again be backed by gold and silver. It would require a world wide economic collapse first.

Maybe after a world wide collapse, a reconstruction in real money would be possible, but it would again be short lived. This is because everyone loves free money, and it's hard for politicians to give free money when it's real money they're giving away.