Tuesday, December 18, 2012

Austin-Fitts: Push for digital currency or a new dollar backed by food, not oil

Source: Examiner.com
Date: December 11, 2012
by: Kenneth Schortgen Jr
 Catherine Austin-Fitts, former Assistant Secretary of Housing and Urban Development, was a guest on the Dec. 10 Coast to Coast AM radio show to speak on the fiscal cliff, and other economic issues facing the country going into 2013. On the subject of what may be in store for the future of the dollar, Catherine suggested that the government is working towards implementing a new digital currency, or one that would be backed by food instead of the current petro-dollar.
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Editor's Note: For a primer on the current petrodollar system, visit the page "The Coming Collapse of the Petrodollar System".

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