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GOLD BACKED BONDS DEBT CRISIS SOLUTION???
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GOLD BACKED BONDS DEBT CRISIS SOLUTION???
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GOLD BACKED BONDS DEBT CRISIS SOLUTION???
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01-25-2013, 10:25 AM
Post: #1
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GOLD BACKED BONDS DEBT CRISIS SOLUTION???
BEST IDEA...EVER!!!
"The World Gold Council and leading academics and international think tanks believe that using a portion of a nation's gold reserves to back sovereign debt would lower sovereign debt yields and give some of the Eurozone's most distressed countries time to work on economic reform and recovery. According to research done by the World Gold Council using the European gold reserves as collateral for new sovereign debt issues would mean that without selling an ounce of gold, Eurozone countries could raise €413 billion. This is over 20% of Italy's and Portugal's two year borrowing requirements. " Now all you have to do is get every country to agree to audit their gold, AND REPORT THE RESULTS. wouldnt that be hi-cussing-larious. http://www.zerohedge.com/news/2013-01-25...-austerity amerishima, proud member of Realist News since Jan 2012. |
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01-25-2013, 04:22 PM
Post: #2
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RE: GOLD BACKED BONDS DEBT CRISIS SOLUTION???
Is there enough gold in the world to back all that paper?
I don't think so. "When you see the world die, only then will you understand how real I was" - Charles Manson |
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