Next Crisis Will Be Worse Than Last One Central banks won't come to the rescue, emergency plan may involve shutting down banks and exchanges
By Valentin Schmid
The central banks are tapped out. The Fed is leveraged 113 to 1.
The only clean balance sheet left, the only entity that can pull money out of thin air, is the International Monetary Fund (IMF). It’s the central bank of the world.
They can print the world money, the Special Drawing Rights (SDR) currency, to re-liquefy the system.
It will take the IMF some period of time—I would estimate a minimum of three to six months—to issue the SDRs and to get the money out there.
There is not a central bank in the world that wants the gold standard, but they may have no choice. They may have to go to a gold standard to restore confidence.
The other scenario is that somehow this SDR plan works and you get inflation. Then the gold price will go up because of the inflation.
Source: Epoch Times
http://www.theepochtimes.com/n3/2182406 ... -last-one/
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