Countries outside the eurozone but inside the European Union, i.e., those that one day might join the eurozone—like Poland, Hungary, and the Czech Republic, are positioning for a new gold standard. To prepare for a monetary system based on gold, they are buying gold to equalize their reserves to the eurozone average. This balancing of gold reserves in Europe is a key topic I have written about extensively.
Not likely to happen because most Western countries are now debt driven. What’s more likely is a Central Bank Digital Currency that, because it’s still in Bank hands, can be used to further inflation. Without inflation assets don’t appreciate and can’t be taxed after sale.
The European central banks no longer issue currency. Wouldn’t a gold standard mean that the ECB can no longer issue euros in excess of its gold holdings? I am thinking it would fight giving up that power.
Thank you for your article! I have looked at this same issue from a different perspective, and found that during the gold standard era, monetary gold values generally stayed between 4% and 6% of GDP:
Our team has been a fan of your analysis for some time now.
There is a greater force pushing the world into a secular depression. We are posting about about the first Pillar that will cause a PHASE CHANGE in how the global economy will transform this century.
We will be publishing in the next several weeks about how this will force a return to hard money from demographic pressure alone.
Not likely to happen because most Western countries are now debt driven. What’s more likely is a Central Bank Digital Currency that, because it’s still in Bank hands, can be used to further inflation. Without inflation assets don’t appreciate and can’t be taxed after sale.
ＷｈａｔｓａｐｐME➕𝟭↡𝟰𝟬𝟴↡𝟯𝟯𝟯↡𝟭𝟰𝟳𝟴
The European central banks no longer issue currency. Wouldn’t a gold standard mean that the ECB can no longer issue euros in excess of its gold holdings? I am thinking it would fight giving up that power.
Bitcoin solves this
Uhuh
ＷｈａｔｓａｐｐME➕𝟭↡𝟰𝟬𝟴↡𝟯𝟯𝟯↡𝟭𝟰𝟳𝟴
What has Alex Krainer said about it. Have you asked him for his thoughts?
Why dont'use M2 monetary aggregate to equalize instead of GDP?
What happens if GDP was calculated too low? Will that create an imbalance for the goal of rescuing the economy from a war time deficit?
Central banks are not part of government with a few exceptions in the world, they are privately owned.
No evidence of this whatsoever…
So what! Eu is a mess. https://rle57.substack.com/p/severe-consequences
Thank you for your article! I have looked at this same issue from a different perspective, and found that during the gold standard era, monetary gold values generally stayed between 4% and 6% of GDP:
https://substack.com/@trumpetvinellc/p-212721562
Innit?
And thats smart thing to do
While simultaneously building up it’s military? I have to see this.
Very interesting. From Slovenija
Hi! I’ve just launched The Commodity Ledger, a Substack on commodities and macro markets.
If that’s of interest, feel free to take a look — always glad to connect with fellow writers here.
Our team has been a fan of your analysis for some time now.
There is a greater force pushing the world into a secular depression. We are posting about about the first Pillar that will cause a PHASE CHANGE in how the global economy will transform this century.
We will be publishing in the next several weeks about how this will force a return to hard money from demographic pressure alone.
https://endtropy.substack.com/p/population?r=6xx7nz