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Message: Re: ...more cash
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Jan 02, 2013 10:22AM
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Jan 08, 2013 10:28AM
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Jan 08, 2013 11:25AM

Would this coin not be a phony attempt to do an end around gold. Ths current collapse of the system is due to the fact that the collapse of the last bubble(real estate) left the banks undercapitalized and without enough collateral to back all of the debt. If in fact the US government does still own 8000 tons of gold the legal most transparent way to solve their collateral problem would be to revalue gold to a number that would reflect the amount of currency in the system. The coin idea is simply more fiat that solves nothing for the government, however in a underhanded way kicks the can down road so the bankers have more time to tighten their grip.

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