But that was back in 2007 when global warming was the problem. Now it's climate change and all that sulphur must be causing that. Sorry my stirring nature coming to the fore. We're still ants.
...oh I wish this to be true but there is a problem - Bretton Woods agreement... If you read about this you will find some small print which states as currency gets too far out of whack, intervention is required to balance the scales again. Imagine how much economical damage would happen to the US if the ratio was 3:1 to the OZ $? We (Australia) would like start some hair brain bailouts to defiant our currency and keep the historical ratio peg...parity is ok but my guess at maybe 1.50c or 1.60c some serious intervention would occur...
Ag, I am no expert on Bretton Woods, but I think it may well be ignored or even torn up when the SHTF. It did not stop Nixon from scrapping the US Gold Standard that started all this mess. Things will get quite out of control and Treaties will mean little. Depending on the scale and speed of developments, I can see the rate being 1000/1. OC
Old Codger, Probably right...after all they only make rules to break them...held the scare tactic long enough,but SHTF then all bets will be off...further,even if the value wasn't allowed to get out of whack,they would be treated like 100mil bullion
