From Porter Stansberry in Stansberry Digest:
“It’ll be a race,” he said. “Between us and China. Whoever wins will control the reserve currency of the next 50 to 100 years.”
Yesterday, I (Porter) wrote about a dinner meeting I had a few days ago. One of the most powerful figures in America had invited me to dine at his table at the Metropolitan Club in New York. I’ve dubbed the plan he told me about – to exchange the Federal Reserve’s bond holdings for gold – the “Metropolitan Plan.” Assuming the exchange took place today, it would establish a new dollar/gold price of around $10,000 per ounce. Could this really happen?
I don’t know, of course. But the fact that such a plan exists and is being discussed at the highest levels of America’s financial circles and politics is shocking to me. Honestly, the meeting left me speechless… and shaken.