One .............. it is Governed by a Rogue State Mentality
and
Two................ old habits die hard. That is to say that 10 x or 20 x re-hypothecation and at the same time pretending to be backed by a Commodity close to 1:1 are just not going to work. It's either one or the other............... and we already know that Re-hypothecation ends in Inflation and a next to worthless currency
The Banking System will have to dramatically change if Commodities are going to be the backing of a Sovereign Currency or World Reserve Currency.
