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Anne-Lise H's avatar

Not likely to happen because most Western countries are now debt driven. What’s more likely is a Central Bank Digital Currency that, because it’s still in Bank hands, can be used to further inflation. Without inflation assets don’t appreciate and can’t be taxed after sale.

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Chicago Phil's avatar

The European central banks no longer issue currency. Wouldn’t a gold standard mean that the ECB can no longer issue euros in excess of its gold holdings? I am thinking it would fight giving up that power.

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David Jilly's avatar

Bitcoin solves this

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Mr. Simon Field's avatar

It solves everything now. Even yeast infections and gum disease

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Jan Nieuwenhuijs's avatar

Uhuh

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XF1's avatar

Central banks are not part of government with a few exceptions in the world, they are privately owned.

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Paul Croisiere's avatar

Wrote about this in 1996 for the Ecu as an emerging currency…not sure about now

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Gordon Freeman's avatar

No evidence of this whatsoever…

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SovereignScribe's avatar

What a load of BS.

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The Contrarian Capitalist's avatar

Ok. This is very good news for gold!

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andrea lauro's avatar

Why dont'use M2 monetary aggregate to equalize instead of GDP?

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Dillon's avatar

What happens if GDP was calculated too low? Will that create an imbalance for the goal of rescuing the economy from a war time deficit?

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Mitch's avatar

What has Alex Krainer said about it. Have you asked him for his thoughts?

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