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To: Real Man who wrote (4986)	8/1/2022 11:50:44 AM
From: Cogito Ergo Sum	Respond to of 10768

agree that as mentioned give me great pause... he just skirted the gold 'standard' nomenclature but it is what it is... and does not improve the inflation situation for oil buyers for example.. NOT a solution... India and China are in a special situation currently wrt oil...

To: Real Man who wrote (4986)	8/1/2022 12:09:51 PM
From: Sun Tzu	1 Recommendation Recommended By S. maltophilia Read Replies (2) \| Respond to of 10768

What is certain in my mind is that USD's days as the reserve currency are numbered. Because F/X markets have huge momentums behind them, it will take longer than enthusiasts think it will. At the same time, once that momentum changes, it will just keep going in the other direction and will be hard to reverse. Now is it going to be gold that replaces USD, I doubt it. Perhaps as an interim step it can, but it is not a lasting solution. There are huge problems with a gold standard. Using it is simply lack of imagination to move forward and a throwback to an old world. We need progress not regress. Of more immediate concern to me is how this whole thing will play out. Parts of the plot he outlines are contradictory - or rather need rearranging. I need to rewatch it and make notes and think about it.