Of course before you do choose which one is the perceived
worst, you had better watch this again.
http://www.youtube.com/watch?v=PLJu0X14vmg
Too bad foreign nations can't disguise their stuff as broccoli
farms.
http://www.taxfreegold.co.uk/images/golddinar240.jpg
http://www.taxfreegold.com/gold-dinar.html
Gold Dinar
- Clearly this situation in terms of international finance is
chaotic and anarchic. But since the system benefits the
powerful countries they are unwilling to correct it.
- If we want to avoid being short-changed we must have a
currency that has intrinsic value. Gold does fluctuate in
price but the fluctuation is minimal. It is not possible to
devalue gold by one hundred percent or one thousand percent.
Nor is it possible to revalue gold by the same percentage. The
fluctuation in the value of gold can only be by a few
percentages, up or down.
- When the Allied nations met in Bretton Woods to determine
the principle for the rate of exchange of international
currencies in order to facilitate trade, they decided to use
gold as a standard. The value of the U.S. Dollar was fixed at
one dollar for 1/35 ounce of gold or 35 U.S. Dollars per
ounce. All other currencies were valued in gold through the
rates of exchange with the U.S. Dollar.
- This worked quite well until some countries wanted to
devalue their currencies in order to become competitive in the
international market. Then other countries also decided to
devalue in order to remain competitive. Finally the U.S.
Dollar was devalued against the Gold.