VIEWS: 3 PAGES: 2 CATEGORY: Engineering & Energy POSTED ON: 5/30/2010
Is such a currency available? "Not yet," responds [Craig R. Smith]. "But you know the old saying, 'Necessity is the mother of invention.' Right now the world has three very strong and prosperous countries competing on the world stage with huge amounts of capital, natural resources and gold that could easily, if they so chose, create a currency much like Europe did in the euro. But this time, it could be backed with oil and gold."
EDITOR'S FORUM SHOW STOPPER: THE DEMISE OF THE DOLLAR AFTER ALL
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