Re: George Soros : SDR II - No alternative to a new world architecture
I remember as kids in our neighbourhood in California, we used to wonder about proposals for SDRs to someday back the dollar. And we came up with an idea: SDRs would someday be backed by monkey-stix.
And nothing has changed. The year was 1964.
Nothing has changed because international finance is a big confidence-game. Money does not grow on trees anymore than money can be elastic or faith-based or faith-backed or interest rates can be set at zero by fiat.
Eva Adams ran the U.S. Mint in those years. In November of 1965, she introduced her Eva Adams quarters to solve the coin shortage. The date on these quarters was a frozen and forever 1965, and they were called, "sandwich quarters". These quarters nicely paid for the Vietnam War deficits and LBJ's fantasies.
As kids, we would connect monkey-stix together to create whatever we could imagine. Monkey-stix were our first lesson in elastic currency and inflation economics.
The dollar will be backed someday by SDRs, and the SDRs will be backed by monkey-stix. Without gold and without oil backing the SDRs, they are worthless..... It all is a con-game.
I remember as kids in our neighbourhood in California, we used to wonder about proposals for SDRs to someday back the dollar. And we came up with an idea: SDRs would someday be backed by monkey-stix.
And nothing has changed. The year was 1964.
Nothing has changed because international finance is a big confidence-game. Money does not grow on trees anymore than money can be elastic or faith-based or faith-backed or interest rates can be set at zero by fiat.
Eva Adams ran the U.S. Mint in those years. In November of 1965, she introduced her Eva Adams quarters to solve the coin shortage. The date on these quarters was a frozen and forever 1965, and they were called, "sandwich quarters". These quarters nicely paid for the Vietnam War deficits and LBJ's fantasies.
As kids, we would connect monkey-stix together to create whatever we could imagine. Monkey-stix were our first lesson in elastic currency and inflation economics.
The dollar will be backed someday by SDRs, and the SDRs will be backed by monkey-stix. Without gold and without oil backing the SDRs, they are worthless..... It all is a con-game.
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