(12-29-2012, 06:14 PM)Ghost of 51:50 Wrote: You can't really replace it with the gold standard, cause China has snatched up all the gold.
No. China used the fed notes they were sent to purchase the gold and the fed suppressed the price of gold, in exchange for China not dumping the US$. Giving the fed time to finish robbing the country and using fiat to rob the Middle East of it's resources. Think China and Russia will let BO attack Iran? Game over for China if they do and succeed. When they have enough gold, when the US thinks it can take Iran, China will flood the world with fed reserve notes, making every litre of gas cost $10 and the debt ceiling will become open sky. Meanwhile, Russia is quietly guaranteeing China energy when the US goes into desperation mode. Can the US take Iran? I don't know, but it'll be WWIII if they try. Actually, the buck may stop at Syria not Iran. if NATO is allowed by Russia and China to move against Syria, then Iran is next. Stopping NATO at Syria could mean stopping WWIII.