Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (72628)	2/26/2010 12:43:40 PM
From: RJA_	Read Replies (1) of 74559

>>Several countries, including China and Russia, have been calling for an alternative to the dollar as a reserve currency, and pointed to the SDR as a possibility. No question, something is in the works. They have done their best to demonetize gold and are now looking for something to take its place at the heart of the system that can be controlled and manipulated without giving seniorage to anyone. Best guess: may be a currency basket with a loose tie to gold. No one wants to be constrained on issuance in times of "emergency". After all, inflation is a tax that can be imposed on everyone without consent or a vote. It is a powerful tool of government. Why give it up if you dont have to.

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