Working on a theory- add your thoughts to the thread: So, W…

I doubt it, since the German economy is the backbone of Euro and them giving up on it might be the end of Euro.

Not gonna happen. 1) German politicians love the weak Euro because exports. 2) German + EU politicians have made it clear they intend to keep the Euro going at all costs. 3) Gold-backed currency would end QE and nuke a good portion of the EU economy.

Now, if Germany turns to gold standard
It would mean that they can potentially become a leading country in terms of economy, without the burden of the rest of Europe.
Countries with little economic value....
will turn to something else... Bitcoin? :)

Germany could then tokenise their gold...
While adopting to a world standard of commerce.
With the edge, (hedge) of Gold stores of value.

@1304

I guess thats the reason for my theory... the euro is unstable. There is no guarantee for it to continue to survive. What is the incentive for bigger countries like Germany to continue to hold up other countries...

And how long until they are held accountable for that.... This is a Keyes way of economics. It's not really possible to say that "it wont happen" Because when they can no longer print money to continue to prop up the economy.. then what happens.

agree with @1785 They are too hooked on printing money.

Italy will be the 1st country to stop using €.
Then the EU will collapse.

Interesting! What makes you think it will be Italy?

It's much more likely for the poorer nations to ditch the Euro because it's too expensive for them.

Germany and France have spearheaded the EU project for the last decades. Don't expect them to give up. The Jewish bankers have their puppets installed.

Possibly Italy due to currently changing governments and being hurt by the introduction of experimental currency the most, check out study called "20 Years of the Euro: Winners and Losers". Brexit, Quitaly.

https://www.forbes.com/sites/simonconstable/2019/06/20/doomed-how-theres-no-way-out-of-the-debt-crisis-for-italy/

^this explains quite well

Also, Italy faces a huge crisis rn. It will probably unfold at the end of summer.

👀#crisidigoverno

Very interesting article on Italy. wow. SO. it seems inevitable, that there will be some kind of market collapse, no matter where it comes from.

There is no incentive for any country to return to a gold standard unless there's a gold trade bloc with a pricing mechanism outside the LBMA (which there is not).

Gold-backed currency = other countries drain your gold reserves.

Because it's too easy to print money, and the people gaining from it are those in power.

The people will have to demand it after the fiat system collapses globally. Every country is in debt.

I can see a global default, and then return to a gold standard.

They cant keep printing money forever, the market needs a rinse and potentially to collapse.

With such a theory, Countries like Germany, could then tokenize gold, as an asset, as leverage, into a stronger enconomy, not necessarily use it as currency

The last country that tried to move to a gold backed currency was Lybia with the Gold dinar and look what happened to Gaddafi... It's just not gonna happen. Wars would start or leaders would get suicided.

The end product of my thought process was one about global bitcoin. If fiat (euro) is no longer trusted, or used, and many of these countries are close to defaulting, who bails them out, and then, what do they turn to if they have no way or repaying.

Right, so if its "not gonna happen" what is your theory on what will? They just keep printing money forever and ever?

They are pretty open about what they intend to do:
https://blogs.imf.org/2019/02/05/cashing-in-how-to-make-negative-interest-rates-work/

10% of EU economy are zombie companies that would collapse if ECB raises rates. They will keep the party going as long as they can. Until we see hyperinflation and people are starving in the streets I believe. It wouldn't be the first time.