America Demands Justice NOW

[shermann7]

Thoughts on a possible Fractional Gold Backing of the Dollar ...

First of all, I am not advocating one way or the other ...

We are seeing bond yields invert, which amost always is a precursor to recession - Add in the global debt and derivative bubble - There are going to be major problems in some currencies. If the bond yields fully invert, there are going to be large global economic problems to go along with the currency issues.

Fortunately, the U.S. dollar is pretty much king right now. China, Russia, and India are purchasing tons of gold. Many are speculating that at least one of the three, if not all three, will initiate a fractional gold backing to their currencies.

If that happens, there is a good chance the U.S. would follow that example.

I do not see this happening in 2019 ... 2021 is probably the most likely time frame. This is when the LIBOR will no longer be used as a basis for overnight banking transfres between currencies.

We will certainly find out.

Shermann