Malaysia's Mahathir proposes common East Asia currency pegged to gold

Discussion in 'Currencies' started by pmbug, May 31, 2019.

  1. pmbug

    pmbug Active Member

    Joined:
    Oct 22, 2011
    Messages:
    400
    Likes Received:
    155
    Trophy Points:
    43
    Location:
    Texas
    More: https://www.reuters.com/article/us-...st-asia-currency-pegged-to-gold-idUSKCN1T00FX

    It sounds an awful lot like the IMF's SDRs backed by gold - something Rickards has been predicting for several years now.
     
  2. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

    Joined:
    Apr 11, 2011
    Messages:
    2,619
    Likes Received:
    505
    Trophy Points:
    113
    Location:
    Nevada
    He would do well to remember what happened to Col. Qaddafi.
     
    66rounds and Ag bullet like this.
  3. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    This is true, however Mahathir / Malayasia aren't a political pariah's against whom world opinion can be mobilised to justify aiding revolution but mostly HRC, Barry and Co aren't in power and able to disguise thief as "bring democracy" any more.

     
  4. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,518
    Likes Received:
    639
    Trophy Points:
    113
    Location:
    Australia
    I don't think Saddam Hussein started out as a political pariah, didn't the US install him as he was more moderate than the others?

    It is easy to turn public opinion against people, just say they have weapons of mass destruction and you are good to go.

    I am pretty sure Saddam was considering a gold backed currency as a medium of exchange in the Muslim countries so they wouldn't have to use US dollars.

    I think it is North Korea who is the only one left without central bank control.
     
    66rounds and Ag like this.
  5. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    Fair points also Jislizard. The US has a good track record re installing heads of state being their best friend, then getting rid of them when the time and need suits for another player ie Saddam, the Shar, Noriega or a raft of others.

    Difference now is that Trump is the new sheriff in town and doesn't appear to play by the old US playbook.
     
    66rounds likes this.
  6. Ag bullet

    Ag bullet Well-Known Member

    Joined:
    Dec 27, 2013
    Messages:
    1,582
    Likes Received:
    1,570
    Trophy Points:
    113
    Location:
    SE QLD
    is there oil in malaysia?
     
    66rounds likes this.
  7. Oddjob

    Oddjob Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2018
    Messages:
    3,749
    Likes Received:
    6,771
    Trophy Points:
    113
    Location:
    New Gulagland
    Yep (and gas), all through the region inc in MAL. I remember reading years back that the major oil companies has the SE Asian region mapped, drilled and capped 30+ years ago. Just sitting on the reserves for when and if needed.
     
    66rounds likes this.

Share This Page