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stable financial currencySince the 2008 stock market downturn, major countries around the globe have been avoiding fiscal restraint and engaging in currency wars. Essentially, they have been trying to outdo one another in printing money to generate wealth, but really, it’s the illusion of wealth. I like the way Drummond Brodeur, Senior VP and Global Strategist of CI Investments, put it: “Without tough reforms in both the Eurozone and Japan, Quantitative Easing is just a palliative monetary drug that eases the pain of decline, but does not fix the problem.” Multiple central banks now have negative interest rates. I don’t know how this coping method will end, but it won’t end well. I believe we are slowly and steadily moving towards a global currency made up of a basket of the world’s major currencies plus a portion of gold. Canada has zero gold reserves, thereby making it weaker in a global currency crisis. The use of gold makes me think of the “shekel of the sanctuary” described in Leviticus 27:25 NIV: “Every value is to be set according to the sanctuary shekel, twenty gerahs (approx. 12 grams) to the shekel.”

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