I would like to share my concept of the New World Currency (NWC) and how your currency stands against it. I have pondered this concept for sometime based on my experience in the Asian Financial Crisis in 1997-1998 and harsh reality of several currency devaluations in Indonesia. It is by no means perfect nor complete but my goal is for you to have some idea what is about to come.
My guess the time will be mid 2018 when the NWC is introduced to the world, backed by gold and the exchange rate of your currency to NWC is determined by how much money and debt your country has created and how much gold reserves it has. USA and Canada will not fare well: USA has almost 20 trillions in debt that we know of and unknown amount of gold reserve, while Canada only has 77 troy oz. of gold reserve!! Compare that to China with approximately 30,000 tonnes.
Let's say it's determined that 1 unit of NWC = 1000 USD and 1 ozt gold = 100 NWC. So, 1 ozt gold = 100,000 USD. Bullshit you say? Let's see what will happen next year. The old system must be changed, it is too heavy with debt: it needs at least 4 units of debt to create 1 unit of GDP. And if you pass up the current fire sale of gold, you will lose big time, huge!!
