nukz
888
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- 27 July 2008
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Well didn't America come off the gold standard and then for a short period move back onto a gold standard(brenton woods II?) what effect did this have at the time?
I think the idea is gold will need to be valued correctly if they moved back to this type of system.
The only issue i have with this will be that India has huge reserves of gold and i see no way that they will become part of any new financial world order anytime soon or any of the main particpants(America/China & Europe) wanting them to be in it.
This is the same for places like Bangladesh, these are countrys that are bound to be poor forever.
What im trying to say is America and China will not allow poorer countrys to do well, so we may see some very dirty tactics to get the gold back once the time comes.
That's my
I think the idea is gold will need to be valued correctly if they moved back to this type of system.
The only issue i have with this will be that India has huge reserves of gold and i see no way that they will become part of any new financial world order anytime soon or any of the main particpants(America/China & Europe) wanting them to be in it.
This is the same for places like Bangladesh, these are countrys that are bound to be poor forever.
What im trying to say is America and China will not allow poorer countrys to do well, so we may see some very dirty tactics to get the gold back once the time comes.
That's my
