The World Banking System Has A New Competitor
A self-proclaimed Hindu godman is thumbing his nose at the world’s fiat money system. (Fiat money being backed by government decree without a tangible asset for collateral.) He is showcasing his new gold-backed money online. If he actually gets away with this, he could control the world’s most valuable currency.
That’s because an investor of any repute would realize a gold-backed currency would be preferred over a world awash in Monopoly-game paper money which is about to be replaced by digital money, another imaginary form of pretend money.
While printed paper with pictures of historical figures can exude public confidence and be a medium of exchange, it is not real money. Rare precious metals like gold and silver are examples of real money.
This Hindu godman doesn’t explain how much gold he has, but even the threat of establishing a gold-backed currency gets the U.S. military to place an aircraft carrier off the coast of any country that dares to do so.
To have the hubris to do this, start your own country and print your own sacred paper money laced with 11.66 grams of gold, you have to have some higher authority. So, 39-year old East India
Article from LewRockwell