Euro troubles can be 'fixed' by disappearing euro n reinvent the mark.
Usd issues can be 'resolved' by either (i) re-pegging to usd to gold, run out of gold, and reset the usd, or
(ii) Allowing USA assets to be bought out by recyclers of usd, until there is no more to buy, then reset the usd.
Either way, the troubles would end, unless team USA chooses a third course, first tee-ing up corporate assets (AIG did well and is doing well by hk ipo), then letting go of the gold, and finally do a zero-state reset.
The issue, at the sorry end, should not, would not only be, and could not just simply be about the usd, but would most certainly be about all paper money. |
