Larry Edelson 11-13-08
If you think this weekend’s G-20 meetings in Washington are only about designing short-term fixes to the financial system and regulatory reforms for banks, hedge funds, brokers, mortgage companies and investment banks … think again.
Behind the scenes, a far more fundamental fix is being discussed — the possible revaluation of gold and the birth of an entirely new monetary system.I’ve been studying this issue in great depth, all my life. And given the speed at which the financial crisis is unfolding, I would be very surprised if what I’m about to tell you now is not on the G-20 table this weekend.
Furthermore, I believe the end result will make my $2,270 price target for gold look conservative, to say the least.
You’ll see why in a minute.First, the G-20’s motive for a new monetary system: It’s driven by and based upon this very simple proposition …“If we can’t print money fast enough to fend off another deflationary Great Depression, then let’s change the value of the money.”I call it …“The G-20’s Secret Debt Solution”
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