Asian finance chiefs to mull expanding currency swaps to yen, yuan

Damn good idea! First step back to the gold standard. Screw the $US, it's been a false currency since Breton Woods, and they're still pushing it around with unqualified sanctions of world control.

Thus spake Canadiana.

TrevorPeaceToday 07:44 am JST

Damn good idea! First step back to the gold standard

I also thought why not go back to the gold standard till i read this article

http://mentalfloss.com/article/12715/why-did-us-abandon-gold-standard

Extract from article

The size and complexity of the U.S. economy would also make the conversion extremely difficult.

Just to back the dollars now in circulation and on deposit—about $2.7 trillion—with the approximately 261 million ounces of gold held by the U.S. government, gold prices would have to rise as high as $10,000 an ounce, up from about $1,780, causing huge inflation.

“It could do massive damage to the economy,” said John Makin, an economist at the American Enterprise Institute

A fixed link between the dollar and gold would make the Fed powerless to fight recessions or put the brakes on an overheating economy.

“If you like the euro and how it’s been working, you should love the gold standard,” said economist Barry Eichengreen.

Beleaguered Greece, for instance, cannot print more money or lower its interest rates because it’s a member of a fixed-currency union, the euro zone.

A gold standard would put the Fed in a similar predicament.

Going back to the Gold Standard could cause problems like Greece (and others) is having now due to it being part of the countries using the euro.

So increasing from just the US$ to include the Yen and Yuan is the better option.

Drop the US$, isolate the US and stop US domination and dictatorship.