Posts Tagged ‘gold standard’
Posted by seumasach on July 20, 2020
This article is a revelation to me: I have been looking t this issue for some time but have been unaware of the EU’s preparatory moves towards a gold-backed international financial system. Despite the endless stream of ridicule directed against the EU leadership it would appear that something of real value has been accomplished. This all makes sense when we recall Giscard d’Estaing’s reference to America’s “exorbitant privilege” of being able to issue fiat to cover a permanent trade and capital deficit. Perhaps to complete the picture we only need to suppose a vast underestimate of China’s gold holdings.
Jan Nieuwenhuijs
Voima
15th July, 2020
Research reveals that European central banks have prepared a new international gold standard. Since the 1970s, policies that paved the way for an equitable and durable monetary system have gradually been implemented.
Read more
Like this:
Like Loading...
Posted in Currency Wars | Tagged: gold standard, new global financial system | Leave a Comment »
Posted by seumasach on July 15, 2019
Interview with Michael Hudson
Guns and Butter
7th July, 2019
Economist Michael Hudson continues his discussion of Super Imperialism: The Economic Strategy of American Empire with a focus on US monetary imperialism; President Trump’s demand for lower interest rates undercuts America’s requirement for foreign investment to fund its domestic and balance of payments deficit, increases the carry trade and turns IMF and World Bank policies on the US; analysis of US economic domination of the world from its position as the world’s largest creditor post-WWI; analysis of US economic domination of the world from its position as the world’s largest debtor after the 1971 close of America’s gold window; emergence of the dollar-debt standard; how war has bankrupted the US; the difference between imperialism and super imperialism; US bribes foreign governments; China’s banking system; China and Russia stockpile gold as the world breaks out of dollar domination.
Read more
Like this:
Like Loading...
Posted in Currency Wars, Uncategorized | Tagged: de-dollarisation, decline of dollar, End of empire, gold standard | Leave a Comment »
Posted by seumasach on April 7, 2018
Alastair MacLeod
Gold Money
5th April, 2018
We have been here before – twice. The first time was in the late 1920s, which led to the dollar’s devaluation in 1934. And the second was 1966-68, which led to the collapse of the Bretton Woods System. Even though gold is now officially excluded from the monetary system, it does not save the dollar from a third collapse and will still be its yardstick.
Read more
Like this:
Like Loading...
Posted in Uncategorized | Tagged: dollar collapse, gold standard, new global financial architecture, new global financial system, reserve currency status of dollar | Leave a Comment »
Posted by seumasach on May 25, 2015
Zero Hedge
24th May, 2015
While many eagerly await the day when China will finally reveal its latest official gold holdings, a number which when made public will be orders of magnitude higher than its last 2009 disclosure of just over 1,000 tons, or less even than Russia, China continues to plough ahead with agreements and arrangements to obtain even more gold in the coming years.
Read more
Like this:
Like Loading...
Posted in Currency Wars | Tagged: gold standard, new financial architecture | Leave a Comment »
In These New Times 