That’s really interesting. I’d like to know more about it. It would make it easier to understand the trunkloads of cash, literal trunkloads, being hauled around Afghanistan. And I’m not just talking about Karzai’s buddy’s suitcase malfunction at the airport.
I suppose that’s the risk with fiat currency, with any faith-based system: the priests telling you what to believe, how much to value, have to be trustworthy.
As for me, I’m watching my silver dimes stay the same size but somehow grow.
It was the oddest thing . . . no fanfare, no big deal, no nothing. Just a couple of minor “blurb” stories in a real estate publication about Dubai’s building boom a couple of years ago. It was right around the time oil spiked to $140+ per barrel, and I immediately attributed that spike to a massive flood of U.S. dollars around the world as part of a quasi-official counterfeiting program aimed at financing the war effort off the books.