The world may soon return to an international gold standard thanks to a project that European central banks have been quietly preparing for decades. This month Seeking Alpha reported that “since the 1970s, policies that paved the way for an equitable and durable monetary system have gradually been implemented,” leading us closer and closer to being able to reinstate the classic gold standard. The European Central banks predicted 50 years ago what is happening today in the international monetary system–the current fiat system is on the decline, and “unconventional monetary policy has entered a dead end street and can’t reverse” Jan Nieuwenhuijs wrote for Seeking Alpha.

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