Gedankonomist

Gold Should Be at the Heart of a New Global Reserve Currency

"...precious metals should be at the heart of a new global currency, partly to give it credibility..."

There won't be any such backing. Perhaps in the beginning, but eventually "they" will do away with it, once the camel has his nose in the tent. Think about it: the whole purpose of this globo-currency is to milk money off of "world citizens" in the form of inflation. You can't do that with a precious-metal backing.

Therefore you should fight any scheme for a global currency. The people who propose such schemes are devils.

Beware the UN's FX Views

"Despite the drama, the UN panel recommendation is likely to fall flat. First, central bankers have the freedom to chose their reserve asset."

Actually, the UN is an instrument of the central bankers. If the UN recommendation "falls flat," it will be because the "recommendation" was a ruse, i.e. a distraction from something else the "central bankers" plan to do.