China's gold back story

[juan]

On Tue, 19 Apr 2016 03:47:38 +0000
Zenaan Harkness <zen at freedbms.net> wrote:

> There appears to be a multi country effort to (re)build gold backed
> currencies, and there's every chance they will succeed, certainly even
> in the face of crypto currencies - the robustness and security levels
> of current computing facilities means hoarding physical gold is likely
> seen by most, and certainly by nations, as more secure and acceptable
> to the public psyche


	It seems very very unlikely that any government will setup a
	mechanism that destroys one their fundamental means to loot
	their subjects : paper money and inflation. 

	Rather, what we are seeing is a move towards a fully
	'electronic' system in which we won't be able to buy half a 
	potato without being taxed by the world government.
 

	And funnily enough, we can thank 'satoshi nakamoto' for making
	this (disaster) happen sooner than later. 


	


> <end personal prattle>
> 
> 
> ----
> http://www.zerohedge.com/news/2016-04-16/china-embraces-gold-advance-post-dollar-era
> 
> China Embraces Gold In Advance Of Post-Dollar Era
> Tyler Durden's picture
> Submitted by Tyler Durden on 04/16/2016 20:50 -0400
> 
>