Brings a bad name to all the Polish.

Basing currency's value on a Fruit Basket with Rocksdoesn't sound like a sooilutn to me. How is a gold standard going to help?What is its purpose?To peg the amount of a nation's M0 (i.e. currency in circulation)? SDR 1 = US$ 1.508100 tonnes of Reserve gold in USA (according to World Gold Council figures)The IMF used to value gold at SDR35/oz(troy)(before Tricky Dick worked his magic) so, the USA has 260421075 oz(t) * 35SDR/oz= 9,115,000,000 SDR in gold reserves The USA according to the recent H.4.1 has$898,615,000,000 IN CIRCULATION!!!!!!!!at $1.50/SDR (current value) you getabout SDR 600 Billion. 600(circ. currency) / 9.115 (Gold reserves) = about 65.8:1That is a fairly BIG ratio the US has about 66 times more currency in circulation than it has gold reserves So if the value of gold were adjusted66*35 = 2310SDR/oz(t)2310 * $1.50 = US$3465/oz(t) The scale of the problem on the american side aloneis staggering When you add the rest of the fruits into the basket, with THEIR piddle of rocks,I can't imagine the CLUSTERFUnK that results It reminds me of a poem I once read: One Ring to Rule them all,One Rind to Find them.One Ring to Bring them alland in the Darkness bind them Happy Number crunching at the G20 Onward to MORDOR ye' Deep-Fried Snickers Munchin Trolls Only Chuck Norris can save us now

Popek - polish raper form "Legnica"

TATTOO CUNT ON HIS HEAD