Monday, June 8, 2009

Russia To Push For Gold Standard

You have the US and the UK, with their insolvent banking systems, hoping that world leaders will adopt a massive, global spending scheme to jolt GDP back.

On the other side you have Continental Europe, which is showing surprising restraint, arguing (quite logically) that more borrowing isn't the answer to a debt crisis.

And then you have China and Russia, with totally different interests talkinga bout new global currencies to replace the dollar.And Russia, for one, wants the world to get back to gold.
Russia To Push For Gold Standard

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