by amit » Thu Feb 19, 2009 06:05 pm
previously with the finance world, central reserve bank was allowed to
issue ( print) the money , only with the proportion the amount of the gold
they have in stock.
So all the paper cash printed which used to be available in the market
was having some connection with the gold reserve the country has.thus
putting some taboo on FIAT cash.
Will that system will work ? if implemented it will surely prevent frauds
which we are seeing on wall street. :wink: :arrow:
issue ( print) the money , only with the proportion the amount of the gold
they have in stock.
So all the paper cash printed which used to be available in the market
was having some connection with the gold reserve the country has.thus
putting some taboo on FIAT cash.
Will that system will work ? if implemented it will surely prevent frauds
which we are seeing on wall street. :wink: :arrow:
Posted: Fri Feb 20, 2009 01:32 am Post Subject:
Lets hope something stops these big wall street rollers. I am not really sure the system will work but at this point any action is better than none.
Posted: Fri Feb 20, 2009 02:10 am Post Subject:
it should always balance out right.
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