-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Central banks hold reserves of assets sufficient to pay all their currency liabilities and all their deposit liabilities. This can be seen from their balance sheets.
Central banks could retire all their debts and be wound up, and the economy could use a different provider of money. For example the Reserve Bank of Australia could peg the Australia dolar to the US dollar and sell all its assets (securities and foreign exchange), redeeming the entire Australian dollar monetary base, and the Australian people would use US dollars for money instead. Likewise the federal reserve could peg the USD to gold, and redeem the entire USD monetary base, while other organisations issued gold notes or gold warehouse receipts or e-gold or whatever for use as money, and the economy would migrate to a gold currency. This is what I believe should be done. Central bank debt, personal debt, corporate debt and public debt can be paid. -----BEGIN PGP SIGNATURE----- Version: PGPfreeware 7.0.3 for non-commercial use <http://www.pgp.com> iQA/AwUBO7ofRBNDEcR4nEncEQIuiACfZHcUAQCaa4M3mK3BIOeVsMkkhUgAoK05 qNKnMwNuRZ2P0355HJrlg2nQ =FSE8 -----END PGP SIGNATURE----- --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Did you know that e-metal is a wonderful holiday gift? Avoid the hassle this year!
