Here’s a game theory on a future monetary system based on a sovereign issued cryptocurrency, with a permissioned distributed ledger sponsored by China, Russia and the IMF, with a digital coin tied to the SDR for measure of value net of payments, and settled periodically in physical gold.
Alternate payment systems for global trade are being created right now, and could affect the US dollar very rapidly. Russia, China, Turkey, Iran and others are buying physical gold. When there’s no trust in the other party then there is gold.
Sound money makes a sound empire because the population has something it can rely on, and the market can move as a true free market. Win-win.
3 Minute Gold News A Quick Read for Busy People A 3 minute synopsis of an interview with Jim Rickards, Chief Global Strategist at West Shore Funds, and New York Times bestselling author of The Death of Money and Currency Wars, by Susan Li and Bernie Lo from CNBC World. Topics: IMF Meeting China AIIB […]
3 Minute Gold News A Quick Read for Busy People A 3 minute synopsis of the April 8, 2014 interview with Jim Rickards, author of The Death of Money: The Coming Collapse of the International Monetary System and portfolio manager at West Shore Funds, by Lauren Lyster from Yahoo! Finance – The Daily Ticker Topics Ukraine […]