If the Gold Standard Scares You, How About a Parallel Currency Option?

By Nathan Lewis – Most countries in the world have some sort of currency link, formal or informal, with major international currencies, to maintain stable trade conditions. This link might be a fixed system, like Hong Kong’s currency board, or it might be a more casual arrangement, such as Russia’s unofficial policy of maintaining the ruble in a stable band compared to the dollar or euro.

Several U.S. states, beginning with Utah, have already begun to lay the legal groundwork for gold-linked secondary currencies in the U.S. However, I think there is a great opportunity for something we haven’t seen before: a state-sponsored major international gold-linked parallel currency. more> http://tinyurl.com/cf2o7lt


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