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

pmbug

pmbug

Well-Known Member
Malaysian Prime Minister Mahathir Mohamad on Thursday mooted the idea of a common trading currency for East Asia that would be pegged to gold, describing the existing currency trading in the region as manipulative.

Mahathir said the proposed common currency could be used to settle imports and exports, but would not be used for domestic transactions.
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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.
 
Roswell Crash Survivor said:
He would do well to remember what happened to Col. Qaddafi.
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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.

 
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.
 
Jislizard said:
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.
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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.
 
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.
 
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