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Re: Interesting one on Gold backed currencies ... 

By: monkeytrots in POPE IV | Recommend this post (1)
Sun, 18 Jun 17 5:50 AM | 124 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 27112 of 47202
(This msg. is a reply to 27107 by Zimbler0)
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Sorry to burst your bubble, Zim ... but history states otherwise. Quadaffi often called for oil priced in gold, and was well on his way to moving his own country to a gold backed currency. With the oil reserves of Libya, they could certainly afford to do so.

Gold and muslem culture are heavily intertwined- and is used far more often as currency than in western cultures.

Qaddafi wanted a common gold currency for the entire African continent -that is quite well documented, and widely known.

http://www.forbes.com/sites/nathanlewis/2016/05/05/china-is-laying-the-foundation-for-the-next-world-gold-standard-system/#60918f63689e

In 2009, at the Arab League Summit in Doha, Muammar Gaddafi of Libya called on African and Muslim nations to create an international gold-based currency, to be used in trade for oil. At a G8 currency meeting in 2009, Russia president Dmitry Medvedev held up a half-ounce gold coin and called it “an example of a future world currency.”

Well documented here(Forbes), and innumerable other NON-conspiracy related web sites.

My memory may not be what it used to be - but I remembered this particular issue quite well.

You are free, or not, to chase it down further - but for the rest of us; history says, Yep - it happened (Libya going/pushing for gold backed currency - especially for oil purchases.)

For you to be correct, the Clinton e-mail, released by the State Department under FOIA statutes, and linked in my post, would have to be a forgery. It is not. It came from Sid Blumenthal.




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Re: Interesting one on Gold backed currencies ...
By: Zimbler0 in POPE IV
Sun, 18 Jun 17 4:46 AM 		Msg. 27107 of 47202

>>
we discover that the unlawful attack on the nation of Libya a few years back, and the subsequent murder of Libyan leader Muammar Gadafi, was enacted entirely because he was in the process of creating a gold backed currency that would not only help grow African nations economically,
>>


Professor,
Khaddafi and Libya were never going to 'create' a gold
backed currency. The more corrupt a country is, the
less likely they are going to adopt a currency that
will hinder their corrupt ways.

And African countries rank pretty high among the more
corrupt countries on this planet.

Russia and or China would love to have their currencies
become the worlds 'reserve currency' . . . But I find
it highly unlikely for the same reason. Nobody really
trusts them to keep their currencies stable.

As bad as our government has been at inflating the
dollar . . . 'We' are still a lot better at not inflating
it as bad as most of the other countries have.
(Which is why the dollar is the reserve currency.)

I never did get 'Wealth of Nations' read . . . but I
do remember reading how most (if not all) the 'empires'
of Adam Smiths days and before had inflated their
currencies. Watering down the precious metal content
of their 'gold coins' . . . Shrinking the size of the
coins . . .

'Things to be considered' . . .
Yeah, but I find the concept of khaddafi and Africa
creating a gold backed currency to be a fruit loopy
idea.

Zim.

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