This is someone arguing AGAINST the gold standard! well, we wouldn't want people providing themselves with personal economic security would we?
This took me forever to do up, what with a dodgy combuter and all - Source: James Rickards Currency Wars, p243 Money supply defined - Source: http://en.wikipedia.org/wiki/Money_supply What are the chances of our bolliticians willingly adobting any gold standard, nil. Only a total economic collabse will force them to consider it.
There is great interview in FS website, about gold standard. http://www.financialsensenewshour.com/broadcast/fsn2012-0504-1.asx
Once Yuan (or basket of commodities/currencies)has been officially declared new world currency we will see gold involved some way or anothet, but not before. It will be usef after the dust has settled, at what new value, who knows? Quite possibly less than what it is now.
More of the same waste of time, neither solution, either the Yuan or a basket of commodotities/currencies will brovide international monetary stability. The Yuan on its own would be no better solution than the US dollar has been. Multible reserve currencies mean the continution of the bresent situation, but instead of having one major currency not anchored to anything of value as is currently the case, well have multible currencies adrift in the maelstrom. And baskets of commodities/currencies or Sbecial drawing rights have no basis as money. Wheat has no value as money - it can be exchanged for something else, but only with reference to monetary value. Furthermore, the body resonsible for administering SDRs would be the IMF. A body with no democratic accountability.
Every fiat currency that achieves reserve status is abused to the extreme, Yuan would be no different, probably even worse. About SDR - no way. IMF is basically controlled by US. BRICS wont fall for it. As Butler said in the Financial Sense interview: Gold vigilantes will probably do the work.
I think there may be something wrong with your combuter. Berhaps it is only a keyboard broblem, or maybe it's your sbelling or some kind of sbeach imbediment?