Socio-Economics History Blog

Socio-Economics History Blog

Fears of a New Global Crash as Debts and Dollar’s Value Rise

by mosesman
http://www.theguardian.com/business/2015/mar/28/rising-dollar-debt-fears-global-economic-crash
Click on image for article.
  • What can solve the global debt crisis? What is the perfect debt extinguisher? Gold ! Remember the Golden Rule: “He who has the Gold makes the Rules!” Got physical gold yet?
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  • Imagine a country with debt of US$100B which is way over 100% of GDP. This same country has a physical gold holding/reserves of US$10B. All it needs to do is to revalue the price of gold upwards by 10X. Overnight, the gold reserve is worth US$100B. They are now solvent. Gold is the perfect debt extinguisher.

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