1. Many are now asking the Gold Dinar as well as the BBC interview with me recently.
2. What is so reality can no longer be denied by the countries of the world's financial system is now failing to use the economy and trade, both domestic or international.
3. Decision-Bretton Woods after World War II were all countries in the world currency values are determined by the exchange with the U.S. dollar.
4. But the set is that the U.S. dollar is a dollar for a total of 35 ounces of gold. This means that indirectly all currencies are valued at so much gold.
5. At that time all currencies were strong. But Britain, in 1966 lowered the British Pound. Malaysia has a big loss as reserves (reserve) we are in pound sterling. At a time when the British Pound was worth RM 8.30 to RM 3.60 download.
6. Then President Richard Nixon made the decision that the U.S. is no longer tied to gold. Americans reject the so-called "Gold Standard". Americans also decided that the market will determine the U.S. dollar.
7. But other countries still believe in the strength of the U.S. economy and continued tying their currencies to the dollar.
8. Another result is that the international world of international trade is determined by the value of U.S. Dollars and payment is made in U.S. Dollars. This led to demands for a stronger U.S. dollar and thus guarantee the U.S. will not fall even if no longer measured by so much gold.
9. At a time of big banks were allowed to print and issue the "Bank Notes" as money that could be legitimately used. Then the government took over the issuance of currency.
10. Bank issued a loan of capital and deposits from customers. Sometimes the loan amount exceeds the money available in the bank. But this is limited. Although such loans are often produced far more than the limit.
11. When depositors withdraw their savings bank, the crowds are not able to reimburse depositors because the money has been borrowed even more than that. In this situation the bank needs a (bail-out) by the Government.
12. Seeing that the bank will issue loans almost without limit (unlimited), the rogue was planning to use the banks money is not limited to earn profits on the wind. So currency trade happens, loans to borrowers with the ability to service, sales of loans issued by banks to insurance companies and mortgage companies (mortgage company) and others. The total of all these transactions are very large, worth billions of dollars. If many borrowers unable to pay or service their loans, the bank that bought the loan they would find billions of dollars in losses.
13. And many lagilah abuse of the system that made the West Bank. Similarly, the U.S. with its huge wealth can not sustain billions of dollars in losses by banks, corporations, insurance, mortgage companies, hedge funds, merchant and investment banks and others.
14. Indeed Western currency and banking system has failed. World must study to replace it with other systems, including banking and currency trading with the special Gold Dinar.
15. Unlike paper money, gold has a value anywhere in the world. Gold Dinar is intended only to resolve international trade payments.
16. Is there enough gold in the world to become an International currency? Of course not.
17. But we do not have to pay in full the gold dinar. Sufficient if we only pay the difference between the import-export between the two countries.
18. If a country exports 100 million dinar to another country and that country exports to the country's first products or services worth 110 million dinar, then the payment should be made by the Central Bank's first country only 10 million gold dinar. If you do not have enough Gold Dinar, the payment later, with exports valued at 10 million Dinars.
19. We not only have trade between the two countries but between several countries. Actually, the banks use this method of settling check payments to several banks that have received and issue a check payment based on any other bank.
20. Of course there will be many problems in the beginning. But experts can find ways to solve or overcome the weakness of this system of Gold Dinar.
21. Bank Negara Malaysia has negotiated with another country and use the Gold Dinar can indeed be implemented. But I do not know why Bank Negara Malaysia shall not be in furtherance of this system.
So...we can see why gold is very important....
source : http://chedet.co.cc
