New post (23) : All's fair in currency wars.
Yea ! They say 'all's fair in LOVE …and in currency wars,'
While the US and China battle it out. Is it possible that the United States could seize other countries gold reserves held at the New York Fed ? In lieu of which they can always issue official paper. So it would be all so very legal.
Believe it or not. Speculation on this is in the air. Fueling (at least in part) a run on gold evidenced by an unprecedented northbound gold price trajectory.
Strange as it may seem. Sooner or later. A return to the gold standard can not be ruled out altogether.
For sanity+stability to return to the global system of hi-Finance...this may not be bad at all.
Charlie Brown
