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To: G Larry; Vermont Lt
I left out the Yen... but, then, what could I say about the Yen that hasn't already been said ad nauseum?
36 posted on 06/05/2019 8:04:41 PM PDT by Bob Ireland (The Democrat Party is a criminal enterprise)
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To: Bob Ireland

The way Central banks are buying gold, something is amiss.

My guess is that someone will try to establish an SDR—basket of currencies. But I doubt that would work.

I CAN envision a world that has established “gold” yuan, rubles, yen, dong, dollars...that could be used for international settlement. These would not be for internal use nor retail use—but almost like an international credit based on a standard unit.

I believe that people entrenched in the current central banking, fiat currency, world are going to be shocked when we fall into another significant economic period.

Please do not misunderstand—I am not predicting this any time soon. We still have a few floors to add onto our house of debt cards. But, forewarned is forearmed.


47 posted on 06/06/2019 7:24:53 AM PDT by Vermont Lt (If we get Medicare for all, will we have to show IDs for service?)
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