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Clipmarks | Vietnam Clips Russia: Revive Gold Standard to back new IMF issued world reserve currency clipped by: nuttyriv3r Clip Source: www.telegraph.co.uk By Ambrose Evans-Pritchard 31 Mar 2009 Arkady Dvorkevich, the Kremlins chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency based on Special Drawing Rights issued by the International Monetary Fund. Chinese and Russian leaders both plan to open debate on an SDR-based reserve currency as an alternative to the US dollar at the G20 summit in London this week, although the world may not yet be ready for such a radical proposal. The Gold Standard collapsed in the 1930s when the British Empire, the US, and France all abandoned their parities. It was revived as part of fixed dollar system until US inflation caused by the Vietnam War and "Great Society" social spending forced President Richard Nixon to close the gold window in 1971. The worlds fiat paper currencies have lacked any external anchor ever since. Russia is a major gold producer with large untapped reserves of ore so it has a clear interest in promoting the idea. Tags: russian empire, global elite empire, economic collapse, transfer of wealth, resistance, new world order, beast system zum Artikel... Für die Inhalte dieses Feeds ist alleine der jeweilige Autor/Anbieter verantwortlich. Die Inhalte stellen nicht die Meinung von EasyRSS dar. Dies ist eine automatisch generierte E-Mail. Bitte antworten Sie nicht auf diese E-Mail. Wenn Sie Feedback an EasyRSS senden wollen, nutzen Sie bitte das Feedback Forumlar. Wenn Sie sich von EasyRSS abmelden wollen, gehen Sie bitte auf den Menüpunkt "Meine Daten". Ihr EasyRSS Team http://www.easyrss.de