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Hugo Salinas Price: Greece’s currency options go beyond predatory euro and laughable drachma
TND Guest Contributor: Chris Powell | GATA |
Greece’s options go beyond a currency controlled by its stupid creditors, the euro, and re-establishing a domestic currency, the drachma, which would purport to draw value from an economy whose main enterprises are welfare and tax evasion. That is, as Mexican Civic Association for Silver President Hugo Salinas Price writes this week, Greece could issue a commodity currency with intrinsic value, a silver coin whose value in drachmas would be guaranteed by the nation’s central bank never to fall. Salinas Price’s commentary is headlined “Letter to Alexis Tsipras from Hugo Salinas Price, Dated July 25, 2012,” and it’s posted at the civic association’s Internet site: click here.
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About Chris Powell:
Mr. Powell has been managing editor of the Journal Inquirer, a daily newspaper in Manchester, Connecticut, since 1974. He serves as the secretary/treasurer and a director of the Gold Anti-Trust Action Committee (GATA). Mr. Powell publishes GATA “dispatches” on stories relevant to the precious metals community: click here to access them and the GATA website. For additional information about precious metals, financial markets and the economy a 2 week free trial to GATA chairman Bill Murphy’s subscription service is available by clicking here. This article is reprinted on The News Doctors with permission.
Source: http://thenewsdoctors.com/hugo-salinas-price-greeces-currency-options-go-beyond-predatory-euro-and-laughable-drachma/
