Definitely yes. And Iraq would be better off if Hussein were still in power and we never touched that country.
Also, had Gaddafi made his African gold dinar a reality, that entire continent would be better off.
Yes clearly Africa would be much better off, if they was forced to loan fortunes to buy up gold which would be exploding in price. Gold standards make sense if you have a BOP surplus.
An gold dinar would have this result; rich Arabic countries bought up gold for oil, they "borrowed" them to African countries, who used them to buy western products. How nice for Africans that they now have become "clients" (read colonies) of the Arabic states.
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