In addition to seizing all foreign gold on U.S. soil, Rickards envisions the President closing the stock exchanges, suspending trading of U.S. Treasuries by foreigners and prohibiting exports of gold from the U.S., among other draconian steps.
In the aftermath, the U.S. would control about 70% of the world's gold system and all us to "reboot the system and have a new gold-backed Bretton Woods," he says. "That would be a good scenario if we got their by consent and by multilateral action...but to do it on an emergency basis in the face of a collapse in confidence in paper currencies; it would solve the problem but it would not be a good scenario."
EDITOR!!!!!!! Geez.
Seizing all "foreign gold"? Hah! I can envision them seizing all gold, period.
I've heard many times and from hundreds that there is "no way we can return to the gold standard" and I'm here to tell you we need -- NEED -- to have a solid backing to our money because, as Richards wrote: "The power elites hate [the gold standard] because it takes away their ability to print money; when you print money you rig the game, you control the game."
This control needs to be wrested away from them.
