My take , the large percentage of USD is held in the form of claims against the US Government via holdings in US Treasury Bonds and Bills.
As for creating a new currency to replace the existing US Dollar in the way that Hal Turner is suggesting is a bit far fetched.
And to start issuing coins instead of paper...mmmm not too practical if one currency is losing value then they will typically issue a LARGER Note example a 1000 or a 10000 instead of coins (remember duit pokok pisang by the Jap or the Nigerian Billion Dollar note)
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By Samra Arshad
International Conference "Expose War Crimes – Criminalise War"
“Wars increasingly involve the killings of innocent people and are therefore, abhorrent and criminal. Killings in war are as criminal as the killings within societies in times of peace. Since killings in peace time are subject to the domestic law of crime, killings in war must likewise be subject to the international law of crimes. This should be so irrespective of whether these killings in war are authorised or permitted by domestic laws.”
2 comments:
Salam Tunku
My take , the large percentage of USD is held in the form of claims against the US Government via holdings in US Treasury Bonds and Bills.
As for creating a new currency to replace the existing US Dollar in the way that Hal Turner is suggesting is a bit far fetched.
And to start issuing coins instead of paper...mmmm not too practical if one currency is losing value then they will typically issue a LARGER Note example a 1000 or a 10000 instead of coins (remember duit pokok pisang by the Jap or the Nigerian Billion Dollar note)
so overall tak masuk akal
thanks satD,
anyway the best is not to use or to keep usd.
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