$this->bbcode_second_pass_quote('jbrovont', 'I') wouldn't accept it. I think I'm only going to accept monopoly money from now on. Come to think of it, you can actually find out exactly how much monopoly money exists in the world. Plus, if you need to burn it to heat your house, it's not illegal, and when you're done with it, you can recycle it into cardboard boxes and other useful items.
Getting paid in dollars lately is starting to look more and more like getting paid in ice cubes, sticking them in your wallet and expecting them to be there the next day.
$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('mattduke', '')$this->bbcode_second_pass_quote('ReverseEngineer', 'I')'m curious if the Paper version of an IMF dollar would look the same as a Fed dollar? On the digital level, are IMF dollars interconvertable at 1:1 with Fed Dollars?
PeakOil is You
IMF To Print Billions
Re: IMF poised to print billions of dollars
by evgeny » Tue 17 Mar 2009, 09:43:59
Currently 100 SDR's may be redeemed for 44 US Dollars, 34 Euros, 11 Yen, and 11 Pounds. Originally the SDR was redeemable in gold, but in the usual manner, the initial gold backing was later removed.
Well perhaps I am looking at this too simplistically, but it would seem to me that if the IMF goes and prints up a bunch more of this stuff, if its not backed by anything then its value would drop and you couldn't buy any Euros or Yen or Dollars with it? Who would take this "money" and why?
Reverse Engineer
American crisis measures like extinguishing fire with gasoline. The cost of supporting the economic and social spheres grow enormous rate, public debt increased by half, the budget deficit has reached 1 trillion, the dollar issuance in the quarter exceeded 2 trillion. The world economy threatens to overwhelm the avalanche of depreciated dollars, risking hyperinflation, and possibly the collapse of the financial system.
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evgeny - Tar Sands
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