Dave Gonigam

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Deutsche Bank ETF

Check this out: Deutsche Bank is coming out with a hedge fund ETF that trades currencies with an automatic system. 
 
Essentially the ETF strategy is to take long positions in currencies with high interest rates, and short positions in currencies with low interest rates, based on historical economic correlations.
 
This has very interesting implications for central bank policy, and is arguably a vanguard for the inevitable coup: getting rid of central bankers. Another big step in the automation/outsourcing of monetary policy – letting the market actively set rates for money and credit via transparency and technology.
 
Which in turn, of course, is the natural transition to a hard asset standard.
 
This is the Once & Future Money thesis developing before our eyes in real time.

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