As the nations of the G-20 meet in the Docklands, there are whispers are outright shrill cries for all sorts of dramatic changes to the world economy. One idea advanced in particular is for a new single world reserve currency to surplant the US dollar. Even though this fiat
currency that some are calling the dey (dollar-euro-yen) is just as fictional as gold-pressed latinum, certain Armageddonists are calling this the latest sign of the beast--just like they did for machine readable bar-codes twenty years earlier. Jeez--these kids today and their y2k! Surely this bit of financial handiwork must be the tool of the devil--an invitation for us all to prosper or to suffer together. A universal currency, aside from edging out the usurers and market-speculators, is a bad idea, like pouring all one's water into a wide but shallow pan--the slightest wave and rumble is magnified and the the water spills over the edge. China and Russia, both advocates of the dey, are, at the same time, proponents of a return to the gold standard--that is, saying that money has value besides the fact that the respective governments say so, pixie dust and fools' gold, and having treasuries redeemable in some shitty old nuggets.
currency that some are calling the dey (dollar-euro-yen) is just as fictional as gold-pressed latinum, certain Armageddonists are calling this the latest sign of the beast--just like they did for machine readable bar-codes twenty years earlier. Jeez--these kids today and their y2k! Surely this bit of financial handiwork must be the tool of the devil--an invitation for us all to prosper or to suffer together. A universal currency, aside from edging out the usurers and market-speculators, is a bad idea, like pouring all one's water into a wide but shallow pan--the slightest wave and rumble is magnified and the the water spills over the edge. China and Russia, both advocates of the dey, are, at the same time, proponents of a return to the gold standard--that is, saying that money has value besides the fact that the respective governments say so, pixie dust and fools' gold, and having treasuries redeemable in some shitty old nuggets.