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S Illinois | All of these counties being guessed as wanting to be gold backed are major major currency manipulators in and of themselves. I do wonder if those who believe Russia or China are looking to go gold backed have thought what that would do to their primarily export led economies. That would put continuous pressure on their exports. It would mean no more currency manipulation. Remember all the complaining about China devaluing their currency to make their goods cheaper to import. The question I always ask is why is Germany not going gold backed or South Korea or a host of other economic powerhouses. It’s only those authoritarian states that like to push everyone else around. | |
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