The Brothers Karamazov

"Actually, people sometimes talk about man's 'bestial' cruelty, but that is being terribly unjust and offensive to the beasts..."
Fyodor Dostoyevsky
________________________________________-

Friday, October 23, 2009

Worst Money Idea Since Wampum

It is becoming clearer every day that the US dollar is in danger of losing out as the world's reserve currency. This privileged position has, since the late nineteen forties, enabled us to direct the destiny of the financial world almost at will. The collective voice of punditry now resounds with cries of the world headed for a 'basket of currencies' to replace the dollar.

This has got to be the worst money idea since wampum or those big rocks they used to use. No doubt this represents a boon for the basket weaving trade but think of the nightmare at the bank and grocer when making change. Now if say, a large 'basket of currencies' is 100 and change back is 40, that would require, what?, two 20 baskets, or four 10's. It gets cumbersome real quick. And those baskets, unless covered at all times are subject to capricious windstorms, playful kittens and the big ones with the handles, to the carelessness of perching starlings.

There is an alternative, however. During World War 2 airmen began to collect the local currency wherever they had duty. These bills were signed by friends and admirers, then taped together in long chains. They were called Short Snorters and were carried about at all times. Not being able to produce yours on demand occasioned being stuck for a round of drinks at the local pub.



Now isn't this much better than all those baskets? And as for making change, well...

No comments:

Quoth the Raving

--------------------------------------------------------------

Veni,Vedi,Vici

Julius Caesar



Veni,Vedi,Vici...Sidi ( I stuck around )

Uncle Sam


---------------------------------------------------------------

....Zero Gravitas


Quoth the Raving


All I know, all any of us know, is what we're told.

...Zero Gravitas

--------------------------------------------------------------

Quoth the Raving

If it walks like a depression, talks like a depression, and looks like a depression; it's a recovery.

...Zero Gravitas

Nice paint job

Nice paint job
Watch your step!

Quoth the Raving


WHY IS THAT?
Full scale War in Korea; we called it a Police Action
Police Action in Iraq; we call it a War.

...Zero Gravitas

_______________________________________

Gene Pool?

Gene Pool?
by failblog.org

Quoth the Raving


Ecology is an impending Black Swan quagmire therefore incorporation is anathema to Economists.

...Zero Gravitas

___________________________________________

Quoth the Raving


An incoming US President who does not immediately resign his office after having received eyes-only briefings of what's really going on is hopelessly co-opted or delusional.
....Zero Gravitas

Quoth the Raving

----------------------------------------------------------------
We are now a nation of middlemen. What becomes of us if the center cannot hold?

....Zero Gravitas
---------------------------------------------------------------

Quoth the Raving

------------------------------------------------------

Why not use some of the red ink to make things Green?

....Zero Gravitas
------------------------------------------------------------

"Ashes to Ashes"

"Ashes to Ashes"
Whoa!