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View Full Version : World Bank chief surprises with gold standard idea!



Deega
9th November 2010, 14:52
Hi All Avalonians, Visitors,

Hey!, Bretton Woods II back..., gold to back up currency. If my memory is correct, Bretton Woods I was set up in 1953 where the US, for one, accepted that there dollar be garanteed by gold. At the time, if my memory is correct, an ounce of gold was worth 53$.

Lately the World Bank Chief suggested to get back at Bretton Woods II, I'm anxious to see if it will go that way before any dramatic economic event occurs.

http://uk.reuters.com/article/idUKTRE6A70D720101108

All my blessings.

Deega