Ah, in-roads are being made, no?
Treasury Secretary Timothy Geithner said on Wednesday the U.S. dollar is still the world's reserve currency and will remain so for a long time, though he also expressed openess to expanded use of an IMF currency basket.
It was only a matter of time before this vast and long-term con came to its foregone conclusion. And what have they to back up all this cash? Not a damned thing. Look, I'm a fiscal idiot. I don't pretend to understand half the backstory on this mess. But it is obvious even to me that the only thing that will be of value soon is cold, hard gold and silver.
Even then? What value that if it can't buy anything? And, musing further, what else might hold more value? I'm stocking up on flour, sugar, beans, and rice.
Is it time, then, for our own personal currency? What would you value? And what would you be willing to pay for it?