I'm OK with "DEBT instruments" denominated in Gold as long as its clear they
are NOT money. IMO, it was the fraudulent issue of more gold certificates
than gold, which started the corruption of modern currencies.
Instead of convicting the fraudsters, governments licensed them, so banks
have been pretending to lend from reserves, when they are actually creating
'fiduciary media' for centuries, and sharing some of them with governments.
'Fractional reserves' is the fancy name used to disguise this scam.
If SR does this without a licence, we can expect governments to get
indignant and worse! So what is it to be for SR? Will it maintain or
confuse the distinction between certificates and 'fiduciary media'?
Jim
-----Original Message-----
From: [EMAIL PROTECTED]
[mailto:[EMAIL PROTECTED]]On Behalf Of Elwyn
Jenkins
Sent: Friday, December 29, 2000 4:09 PM
To: e-gold Discussion
Subject: [e-gold-list] Re: e-gold / SR ??
Sidd
> So the question is:
>
> Is there a possibility that in the future Standard Reserve currency
> will at least in part be backed by DEBT instruments or investments
> other than e-gold?
YES. But always instruments denominated in Gold.
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