Path to Gold Backed Currency

"The world faces challenges and uncertainty these days like perhaps never before in modern history. Broken insolvent banking systems match the insolvent homeowners living in despair but with newfound hope from simply not paying home mortgages in large numbers. Henry David Thoreau could actually run for the US Senate, as his platform of civil disobedience is more widely embraced with each passing month. Over a quarter million Bank of America home mortgage holders have not made a loan payment in a year, yet still occupy rent-free dwellings. The European sovereign debt has shaken the entire government financial structures, offering a preview of what comes to the sacrosanct Untied States and Untied Kingdom. In its wake, a fire is lit under gold as a recognized safe haven asset that has no debt attachment or counter-party risk.

Government budgets read like Banana Republics throughout the Western world. The norm has become crime syndicates to control most Western Govts, matching the trend for local warlord criminal groups to control most Third World Govts. Mexico is now a failed state. Think evolution in reverse. Indeed, crisis has become the new norm. Indeed, stimulus and extreme liquidity buttresses have become the new norm. Indeed, sugar high on perceptions after stimulus has become the new norm. Indeed, war has become the new norm to define peace. Indeed, pursuit of truth has become the new norm to define terrorism. It makes sense that restructure of the global monetary system would evoke a powerful response by the Anglo bankster power merchants. Their response so far has been desperate attempts to preserve the system, combined with feeble gestures on actual innovative concepts. Take for instance, the Straw Man built of the Intl Monetary Fund and its primary vehicle, the Special Drawing Rights, the equivalent of a rusty corrosive chopshop car whose engine is still seized up, runs at extreme inefficiency like 1.5 gallons per mile, but sports a spiffy new paint job.
Against this backdrop, the global monetary system is clearly broken, and increasingly recognized as broken. Political and banking leaders have been working on solutions. In Europe they have been focusing on extreme solutions, but in the United States they have been focusingon more extreme measures to preserve the current system. The one main principle to recall about bubbles and Ponzis is that an accelerated supply of money is required to maintain even a constant size of the destructive condition. My firm point has been for two years that the first nations to abandon the USDollar as the foundation for their monetary, banking, financial, and economic systems will emerge as leaders in the next global chapter. The jump transition is extraordinarily difficult. The entire world, evidence seen in the G-20 Meetings, is actively pursing an alternative to the US$ as the global reserve currency."