Currency Wars: Why The United States Cannot Return To A Gold Standard

[allodial]

Interesting article on the U.S. returning to the gold standard.

The book Currency Wars by James G. Rickards (Penguin, 2011) quickly became a bestseller not only in goldbug circles. One of the main theses presented by Rickards is that the United States ought to return to a Gold Standard. Have you ever wondered whether this would be possible? The answer is No. But why not? The reason we give might strike you as rather unexpected, but it leads you right into the question of what will be the future international monetary system. The answer is that it is the existence of the Euro that prevents the United States from returning to a gold standard. (More: source)

I wonder if Rickards has any idea as to a potential tight relationship between the Euro and the U.S. dollar. Perhaps the reason U.S. dollars could be converted into gold outside the U.S. is because they knew U.S. gold was being held in Europe in Germany. The term "Eurodollar account" is a term that since the 1940s designated an account denominated in U.S. dollars but in a European bank account. As I've indicated years ago on other sites, the "Eurodollar" is not new. Shhhhhhh.

Related:

• How Credit Supresses the Price of Gold
• The Many Values of Gold

[David Merrill]

Interesting article on the U.S. returning to the gold standard.



I wonder if Rickards has any idea as to a potential tight relationship between the Euro and the U.S. dollar. Perhaps the reason U.S. dollars could be converted into gold outside the U.S. is because they knew U.S. gold was being held in Europe in Germany. The term "Eurodollar account" is a term that since the 1940s designated an account denominated in U.S. dollars but in a European bank account. As I've indicated years ago on other sites, the "Eurodollar" is not new. Shhhhhhh.

Related:

• How Credit Supresses the Price of Gold
• The Many Values of Gold

Thank you Allodial! That is very interesting especially when you compare and contrast that secret information to the local attachment of reserve currency with non-reserve currency by walking carefully through the Diminished Money Counterclaim attached.

[Chex]

Thank you Allodial.

I charge them with having unlawfully taken over 80 billion dollars from the United States Government in the year 1928, the said unlawful taking consisting of the unlawful recreation of claims against the United States Treasury to the extent of over 80 billion dollars in the year 1928, and in each year subsequent, and by having robbed the United States Government and the people of the United States by their theft and sale of the gold reserve of the United States." http://www.whale.to/b/m_ch13.html & https://www.kc.frb.org/publicat/educ...hingresources/...

REP. RAINEY: Assistant Secretary of the Treasury Dewey. That started the ruin of all these rural banks, and the Gianninis bought them up in great numbers." http://www.ips-dc.org/bank_of_america_founder_giannini/

And the rabbit hole turns into a pit. http://www.christiebooks.com/Christi...g/juan-leguia/

[allodial]

Well what you might have is a resulting/constructive trust type situation. Consider, if you will, a massive perpetual, commercial interpleader.

[Michael Joseph]

Well what you might have is a resulting/constructive trust type situation. Consider, if you will, a massive perpetual, commercial interpleader.

"US Plus, we own the idea of America" - Firesign Theater.