Loading ...I used to believe that a gold backed currency was a possibility, but I no longer do. I suppose if something were to be backed by gold it would be some type of inter market trading vehicle invented by the BIS.
First, I believe all central banks are in cahoots, China, Russia, the Fed, EU, etc. so none of them will propose a gold backed currency.
Second, I think the allure of printing unlimited money out of nothing is just too strong to be limited by a vehicle like gold. Gold would require gov’ts. around the world to take fiscal responsibility for their spending. Why would they ever want to be limited by a barbarous relic like gold? It certainly would be a great way for countries to be forced to shore up their balance sheets but would limit the amount of indebtedness and control to their banking masters. The banksters don’t want to give up that control, regardless of whether the debt ever gets repaid, and the countries love the idea of printing unlimited fiat.
Sorry for such a long winded answer, logic tells me no. Too bad I didn’t figure this out in 2011. I know that according to his researchers, Nostradamus predicts something along the same lines by 2020 in his quatrains, but of course they are always subject to interpretation. I just don’t buy it.