Tuesday, October 6, 2009

Max Keiser: New World Reserve Currency to be 50% Gold: U.S. Dollar to be Buried

Frdsh video from Max Keiser today, from Paris. He says that the target composition will be weighted to 50% gold, returning to a system more more in line with the original Bretton Woods agreement; position being taken by France, China and Russia and strongly opposed by the U.S. and the U.K. China, France ad Russia don't want to finance the U.S's ability to make a profit in every transaction made across the world. By 2018 it'a done deal, but things will happen a lot faster. Humm, all those denials you are hearing in the U.S. media.

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