RE: a few items Don't miss the meaning of this
What this is REALLY saying, something I mentioned in an earlier post, about how an I.O.U. can be Discounted "if" Paid in Gold.
The Trick has been to show the Discounted Price, not what its Really covering.
But here you can see it. This clp:
"""would have to cover 20 per cent of their debt with collateral, payable in gold or currency reserves. Default on the payments and you lose your gold. The “sinking” fund would retire the debt over 20 years.""""
What this saying is that you can cover each $10,000 with 20%, $2,000 in Gold.
We'll send you a postcard in 20 years....but we're only going to show it as $2,000