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IMF calls for dollar alternative

Discussion in 'Financial Cents' started by Tikka, May 7, 2011.

  1. Tikka

    Tikka Monkey+++

  2. Pax Mentis

    Pax Mentis Philosopher King Site Supporter

    Well...not really "latest"...

    The article is dated 3 months ago.
  3. ghrit

    ghrit Ambulatory anachronism Administrator Founding Member

    I guess I fail to see how another form of credit paper will produce any beneficial effects other than dampening swings on the way down the tubes.
  4. BAT1

    BAT1 Cowboys know no fear

    Following FIAT with FIAT will guarantee total economic control through individual defaults.
    There will be no reversing it then, it will be eternal electronic hades.
    Falcon15 likes this.
  5. Falcon15

    Falcon15 Falco Peregrinus

    A move to the IMF plan would rapidly destroy the American economy, as the POSDX would crash. Control of the money would remain in the same hands, but America's stint as a world superpower would end. Additionally, it would open the flood gates on the stock exchange and we, the American people would end up on the losing end of the proposition. Further, the foreseeable loss of POSDX purchasing power would push paper currency out, requiring a change of fiats in the US, possibly even complete electronic currency, with an institution of RFID chipping of "citizens".
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