No shooting. But I call for the UN to move its headquarters to Caracas.
Seigniorage as a tax
Seigniorage can be seen as a form of tax levied on the holders of a currency and as such a redistribution of real resources to the issuer.
Hmmmmmmmmmmmmm.
How about they try the Zimbabwe Dollar and see how that works out for them!
This is war on the USA.
This is not about the reserve currency, this is about attacking the USA. This would be done even if the Obama-idiots were not in charge.
A reserve currency is supposed to be stable and backed by a country that can be relied upon to fulfill its obligations. Would you trust any other country that is running up debt like the U.S. is today? Would you put your faith in a country lead by the likes of BHO?
Sorry (really, and truly sorry), but the U.S. is doing this to itself.
Please see what I wrote on this thread:
>> “Important progress in managing imbalances can be made by reducing the reserve currency country?s ‘privilege’ to run external deficits in order to provide international liquidity,” UN undersecretary-general for economic and social affairs, Sha Zukang, said.
You don’t think the CHINESE undersecretary-general might have a hidden agenda there... do you?
Nah. They’re UN diplomats; their track record of integrity is unassailable. How could I even think that.
“...new global reserve currency...”
Such as ... gold?
A world currency war......and a inept president, god help us.
F&^% the UN.
If we defund the UN, and stop all aid to other countries immediately (military or otherwise) we ought to be able to fix our financial problems pretty quickly.
I think congress needs to get a little more deadlocked about payments to the UN.
Screw the new world order.