I'm surprised how prevalent these ideas are becoming in Pakistan.
PDF - and Pakistani society - is becoming an echo chamber, where hardly anyone is challenging some of the most absurd theories.
Sheikh needs to present his ideas in front of independent economists who can test his theory. He is delivering one-sided lectures to an audience of laymen - and people are lapping it up.
Pakistan's actual problem is that it is poor. Whether you are poor in USD, Renminbi or gold changes nothing. All these theories blaming Jews, IMF etc will not change that fact either. If you stay poor, forget IMF, you will take loans from Chinese and Russians too. So there's no conspiracy, the poor become indebted to the rich.
Even if Pakistan's currency becomes gold standard. As a 3rd world country, u have limited gold supplies to back your currency. You will have to dilute the gold represented by your currency to micro levels - which means your currency has a low worth. To make your currency valuable you need lots of gold reserves - i.e. again, you can't be poor...
In all scenarios, if you are able to make Pakistan richer and more powerful, your currency will become more reliable. Look at the Japanese yen as an example.
There's no short cut for this, Pakistan needs to improve its economy by spending less and earning more. That's the only way out of slavery.
Brother, remember the days when Pakistan wasn't poor. People of East Pakistan used to think they are poor because West is using their resources.
Pakistan is in a state, because Zia introduced these parasites called Sharifs on Pakistan.
They have gradually sucked the blood out of Pakistan. No Industries are installed. No education, no health facilities. They borrowed heavily and used it on some trophy projects , recent examples of Lahore Metro, which is ill though, ill conceived and ill implemented idea. Total loss and no gain.
You are progressing because of investment in the industries. Even Pakistanis with industrial units in Karachi have moved to BD and other countries.
Now Corruption is so wide spread that nobody cares about national ills, they are in for themselves. Looting, not paying taxes. No new industries. Mostly it is commodities , for which they can raise prices whenever they wish to earn extra profit in billions.
When the system is so corrupt, there is no way it can flourish.
Now IK has come to power, he himself is clean, but all the Dacoits are pulling him down.
How long he can survive it is anyone's guess.
The biggest culprits are Pakistani generals. They created these monsters, now they provide them protection and passage out of Pakistan when they need it.
This charade cannot last forever. We have to put an end to it.