Are you aware of Euro-freegold concept? Current American way of life has been funded on the backs of global hard work with nations maintaining reserves in USD terms. The US dollar was pivotal to enable Americans to live a life Kingsize(relatively speaking).
The reason US dollar is that important is because it is used to trade oil. Once the global trading of oil moves away from USD, how will Americans enjoy the phenomenal affluent life style?
The Euro-freegold concept relies on Gold remaining outside the system thus being completely demonetized. All the international trade wont be settled in fiat currency, but with gold through the BIS. This means there will NEVER be a gold standard. It means gold will work as a external reference point which will rate currencies depending on how well the economies will run. The main stream media always says gold to 10,000$ per ounce OR there will be a gold standard in the future. I personally do not see this happening.
I think this will actually usher in a global meritocracy. Unless you are productive, you can not enjoy the life that you think you deserve.
I would appreciate your opinion on this issue.
If you want further information on this concept on www.fofoa.blogspot.com
Dear Prof,
Are you aware of Euro-freegold concept? Current American way of life has been funded on the backs of global hard work with nations maintaining reserves in USD terms. The US dollar was pivotal to enable Americans to live a life Kingsize(relatively speaking).
The reason US dollar is that important is because it is used to trade oil. Once the global trading of oil moves away from USD, how will Americans enjoy the phenomenal affluent life style?
The Euro-freegold concept relies on Gold remaining outside the system thus being completely demonetized. All the international trade wont be settled in fiat currency, but with gold through the BIS. This means there will NEVER be a gold standard. It means gold will work as a external reference point which will rate currencies depending on how well the economies will run. The main stream media always says gold to 10,000$ per ounce OR there will be a gold standard in the future. I personally do not see this happening.
I think this will actually usher in a global meritocracy. Unless you are productive, you can not enjoy the life that you think you deserve.
I would appreciate your opinion on this issue.
If you want further information on this concept on www.fofoa.blogspot.com