Saturday, April 4, 2015

If Gold is Not Money...

Then how come every currency system is grounded in the value of gold?
Once established as the global reserve asset, the SDR will be freely converted into whatever currency a borrower member requires, at exchange rates which are based on the weighted composition of the reserve currencies which make up the basket.
And
Initially the SDR valuation was equivalent to 0.888671 grams of fine gold, which was also the equivalent of $1.00USD. After the collapse of Bretton Woods between the years 1971 and 1973 the SDR valuation was changed to the basket of currencies structure.
Note the powers that be have it exactly backwards....  individual economies ought to have the community SDRs, and the central banks ought not exist.

This blogger says:
As mentioned, in the coming weeks there will be some exciting announcements on PoM in regards to the new SDR and what the average person can do to capitalize on the multilateral transition, as well as protect themselves from any volatility that may take place.
Well, how about just start a business?

Feel free to forward this by email to three of your friends.


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