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.
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.
Bitcoin solves this
It solves everything now. Even yeast infections and gum disease
Uhuh
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.
No evidence of this whatsoever…
So what! Eu is a mess. https://rle57.substack.com/p/severe-consequences
What a load of BS.
Ok. This is very good news for gold!
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?
What has Alex Krainer said about it. Have you asked him for his thoughts?