when asked for an update on his efforts to monetize silver in Mexico, Hugo Salinas Price stated, “By and large all of the Congressman are in favor of monetizing silver in Mexico. The dirty work is how to get around the blocking that is presented by three or four important party leaders who are bought off by the central bank or intimated by the central bank. They are afraid to go against the central bank’s desires.”
Hugo Salinas Price continues:
“So that is the problem here. As I said Congress is all for it. If we had those three or four guys say, “Yes it’s green light,’ we would practically get a unanimous yes vote, practically unanimous in both houses. But we have that obstacle.
The central bank is definitely afraid of doing anything that is not being done by all of the other central banks. They feel they are part of a brotherhood and they can’t betray the rest. They don’t want to present a currency that would be viewed as out of line, that’s the way they think. It’s a sad thing but this is the mentality.
Thinking about it a little bit more, what happened to Mr. Gaddafi, many speculate the real reason he was ousted was that he was planning an all-African currency for conducting trade. The same thing happened to him that happened to Saddam because the US doesn’t want any solid competing currency out there vs the dollar. You know Gaddafi was talking about a gold dinar.
We have to realize that this is a strategic thing of great importance. So we want to proceed and let the Congress make its decisions democratically. You see these three or four leaders want a political future and they don’t want the central bank as an opponent that doesn’t like them.
What I would like to mention, Eric, is that others should start with the idea of monetizing silver in their own countries. This is one thing I wanted to pass on to your readers around the world....MORE AT HEADING ABOVE