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<p>[QUOTE=&quot;fatima, post: 1469382, member: 22143&quot;]Because if the world is using gold currency then the bonds have to be redeemable in gold when they are due.&nbsp;&nbsp; If government is spending willy nilly then 1 of two things happen.&nbsp; The country runs out of gold, or the country defaults on it&#039;s gold debt.&nbsp; </p><p><br /></p><p>This happened in the USA in 1971.&nbsp;&nbsp; So much gold left the country that Nixon closed the gold window and refused to do any further gold redemptions.&nbsp;&nbsp; So they took option 2: Default on the Debt.&nbsp;&nbsp; </p><p><br /></p><p>Now they can create debt unabated.&nbsp;&nbsp; This is why 97% of all of the outstanding debt has been created since 1971.&nbsp;&nbsp; The system breaks when the debtors can no longer pay the interest on this debt.&nbsp; This is essentially what is happening in the Eurozone now.&nbsp;&nbsp; It&#039;s coming to the rest of us eventually.[/QUOTE]</p><p><br /></p>

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