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Hugo Salinas Price: Greece's currency options go beyond predatory euro and laughable drachma

Section: Daily Dispatches

12:45p SGT Thursday, March 19, 2015

Dear Friend of GATA and Gold:

Greece's options go beyond a currency controlled by its stupid creditors, the euro, and re-establishing a domestic currency, the drachma, which would purport to draw value from an economy whose main enterprises are welfare and tax evasion. That is, as Mexican Civic Association for Silver President Hugo Salinas Price writes this week, Greece could issue a commodity currency with intrinsic value, a silver coin whose value in drachmas would be guaranteed by the nation's central bank never to fall. Salinas Price's commentary is headlined "Letter to Alexis Tsipras from Hugo Salinas Price, Dated July 25, 2012," and it's posted at the civic association's Internet site here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


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