To: datura
Wow, that didn't take long ....
using credit-based national currencies
What does he mean by this? Maybe that Fed buying of government debt is a bit of a problem to our biggest lender .... ;-)
What will be the basis of the new world currency? Gold?
Bad moon rising.
schu
3 posted on
03/23/2009 4:21:31 PM PDT by
schu
To: schu
What will be the basis of the new world currency? Gold? As it should be.
11 posted on
03/23/2009 4:32:48 PM PDT by
unixfox
(The 13th Amendment Abolished Slavery, The 16th Amendment Reinstated It !)
To: schu
If it's credit based, then that means it's not gold based. Perhaps it will based on the 'faith and credit' of the UN. Won't that be a hoot?
To: schu
It looks to be a fiat currency controlled by the International Monetary Fund.
If they do this, a dollar says that a finance minister from Zimbabwe gets put on the board.
20 posted on
03/23/2009 5:10:07 PM PDT by
El Sordo
To: schu
If we do what the Chinese want we won’t be able easily to inflate our way out of debt. If every country that spent like a drunken sailor was able to just “print money” - the Haitians would be rich. Same with all the tin plated dictators in the world.
44 posted on
03/23/2009 8:20:03 PM PDT by
GOPJ
(Dem's are making *an example of AIG - business will fall in line or else. (*Easier to "shake-down"))
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