It doesn't matter what monetary unit of money one uses, the fact that the system is routed through US banks, and the banks or platform uses the Dollar they may be subject to fines for not adhering to U.S. sanctions.The EU already has the Euro, which is a SDR currency. No one is being stopped from using it for payments. The preference is for dollars, that’s all.
There’s a reason why the world economy is not on gold & silver standard.
That still wouldnt solve the problem,I`m afraid.What needs to be done is the creation of alternative financial mechanisms which are not under the domination of any one nation or group of nations,or at the very least a swift like system that bypasses the us/west,this would go a very long way to weakening the western monopoly on and virtual control [and abuse] of the global financial system,after all if they can do it to iran they can do it to anyone,so no nation is safe from this sort of economic thuggery and blackmail.
Let us hope so.Personally I think it IS inevitable that at some point the europeans will have to stand on their own feet and put their own interests first for a change.But its a question of just how long its all going to take,thats the real problem.Still financial monopolies just like empires werent built,or torn down for that matter,in a day.They take time to build and time to dismantle as well.
I agree, but wait one year, there will be some bombshell headline in Der Spiegel about this guy thanks to the CIA or Mossad and he will be booted out of the government.
The problem is there is not enough gold and silver on the planet to replace all the money which, for the largest part, doesnt even exist physically.
There is, I cant explain how but there is.
New Recruit
Depends on what exactly is meant with gold as currency, if its like the earlier gold standart then yeah what you say is possible but im not sure if this is the case if you were to go back to gold coins as physical currency.
