Thursday, April 2, 2009

Money System Update

Russia says it wants to include gold to part of the new system and china wants a basket of 30 commodities. If we back our money system by what we produce (commodities) this would be a much more stable system!

Where we go is not so certain, however the dollar is on its way out as the world's reserve currency.

http://www.telegraph.co.uk/finance/financetopics/g20-summit/5072484/Russia-backs-return-to-Gold-Standard-to-solve-financial-crisis.html

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