Venezuela backing their fake Central Bank run currency with gold has helped in the complete ransacking of their natural resources. Now they are selling their gold assets to pay the fake debts for dimes on the dollar, same with their oil. Venezuela is one of the richest countries in the world with natural resources, but socialism and central banking killed that country. It was a moronic idea to keep the same socialist policies, and to do nothing about the Central Bank's control of the currency, then backing up a fake currency with gold means the Venezuelans have to pay the fake debt in actual gold, which is moronic. The private banks have written that they want a return to a gold standard, and they don't care what backs up their currencies whether it be gold, or thin air, so long as private central banks control the currency.
This return to a "gold standard idea" is bad economics, unless you are willing to end the central banks control over the currency you will not be able to fix anything, no matter what you back their currency with.
Hey Titus, thanks for the elucidation. I had no idea that they had succeeded in establishing a gold backed system. Which, FWIW, I am not here to champion or deride. I'm more interested in truth. So, how are you so sure that our deep state has nothing to with what is occurring down there? I smell scam!
Are there any detailed write ups that you are aware of, detailing the supposed fake debt, how it was established, by whom and why is it being honored and by whom?
Interesting sentence:
"This return to a "gold standard idea" is bad economics, unless you are willing to end the central banks"
Could also be said like:
"Central banks owning and controlling our currency, without citizen oversight and transparency, is very bad economics. Establishing a currency backed by real value as opposed to debt, is a good start at returning to sane economic policy. "
The Central Bank of Venezuela has no oversight, it oversees your government, just like the Federal Reserve in the USA. Same Central banking system tied into the World Bank. It's main job is to ensure the currency never sees to much inflation. So let me ask you, how much is your central bank run currency worth these days? Think they have done a good job at keeping inflation at bay, which is their only reason to exist. No, they have sucked Venezuela dry and they will continue to do so forever.
The deep state is highly involved in all this, watch my film. They are using various CIA affiliated NGo's to cause violence.