Interesting article indeed. Thank you.

Small excerpt.

"The language used to describe the less-than-reformist platform of the Syriza Party is more radical than the actual, or rather literal, meaning of the program would seem to justify [4]. Absent is a call to nationalize any industries, let alone key industries, or industries of scale. There is a ‘promise’ to create a paltry 300,000 new jobs, in a country of 11 million people and an official unemployment rate of 26% [5]. Along with other critical industries presently in private and foreign hands, today Greece is the second largest gold mining country in Europe, and is projected to have the capacity to overtake Finland (the largest) in 2016 [6].
Why is there no call from Syriza to nationalize this critical industry (or any other industry)? Greece ought to have among the largest – or at least fastest growing – supplies of gold in their central bank in their neighborhood, and eventually in all of Europe. They could almost mine themselves out of debt, but they do not own their own gold mines and yet are in massive debt – paper money, printed on Brussels’ dictates, of which gold makes only a fraction of, is ‘lent’ to Greece, which it must repay through terms that are impossible. If Greece owned its own gold, depositing the gold in their central bank, it could ‘Grexit’ tomorrow, and print Drachma’s. It could ‘money multiply’, or monetize the gold, setting the value of the Drachma on a 3-1 ratio with the Euro, but holding one Euro worth of gold for every 100, 500, or even 1000 Drachma’s printed.
This move would provide plenty of liquidity, and a sovereign Greece would in relative time be able to re-industrialize along an import-substitution basis (ISI), choose their own trade partners, and, with this gold and productive capacity, even become a regional hegemon in their own right, between strong Turkey and weak Italy. This type of fractional reserve banking, solidly based in a precious metal, would be opposed to the monetization of foreign currency reserves – followed by endless and unjustifiable central bank emissions. Even at those figures it would be more conservative than what the EU presently does. As Sir Mervyn King, former Governor of the Bank of England once said “Textbooks assume that money is exogenous”… “In the United Kingdom, money is endogenous” [7]. We can add that this is true of the whole western banking establishment as well.
But what about Greek’s Central Bank anyhow? Well, there really isn’t a sovereign institution in Greece like a central bank to put that gold into. To the extent that there is one, it is privately owned as an S.A share company (S.A Corp) similar to the Federal Reserve in the US [8]. But in fact, there is another even bigger problem, for Greece here, and Syriza’s platform and program doesn’t address either one of them."

It will, I am very confident in that.

Take Care