worthless "fiat money" (which they can print) is the way they control the gold.... (Give me the printing press and I'll own every ounce of gold that exists!)
I think you are wrong.
That is part of what I was getting to in post 16.
The whole “credit” scam is unwinding.
For instance, look at Iceland. They basically told the international bankers to whiz up a rope, and chucked some of the big boyz there in the clink.
And supposedly, their economy is making a nice recovery.
When debt gets so big the only way to keep going is to borrow money just to pay the interest, it is then unsustainable, and meaningless in terms of more debt.
I’ve read probably four or five papers in the last month where large-scale financial study/policy groups are SERIOUSLY talking about a new Bretton-Woods type agreement.
If gold was to become the new base for a worldwide economy, they ain’t gonna even bother pegging it at 1,600 dollars an ounce.
They’ll go ballz to the wall and peg it at 25,000 dollars an ounce.
They would be forced to so that they could keep the paper shuffling game going on.
No, you are wrong. There is money to be made.
It will begin in the east. Probably Dubai and the GCC will issue notes backed by gold. There will be a lot of people that will buy those notes.
It also might happen in Singapore. Or, it might be both. Both are mega financial centers and they have the financial clout to begin the process