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The Pankian Metaphor 3054


The Pankian Metaphor 3055
Probably. Sproonnnggs usually are a sign that I have incorrect hidden buttumptions. This is part of the huge area that I have no idea how things work. I keep wondering how democracies manage...

Perhaps there is some part of the brain that refuses to consider the US dollar a mere paper thingie?

And the federal reserve is an enbreasty that can go bankrupt? (It actually did, in early 1933).

The "The Bundesbank" book is a very good one. It also raises a lot of the moral dilemmas in banking.

It is of historical and bookkeeping value. The real value it carries is the fractional value of the company. For public companies this is the value listed on the stock exchange.

The nominal value is also of auditing value if there are splits etc. (i.e. one old share is exchanged for two, with half the nominal and real value).

Indeed. Whe you can choose between real buttets and the us dollar you want to be at arms length for the US government so YOU can set the price without undue interference.

As in "safe place". If you make a run on the US dollar, the United States may not be a safe place for you to be.

It is a vote with the feet.

No, it may not have any such direct motives at all. The only thing that can be inferred is that a lot of money does not trust the United States. This is new; it has not happened since the US dollar gained seniority during the summer of 1944.

-- mrr

The Pankian Metaphor 3056
Oh, OK. That's a very useful hint. Thank you!!! I sure hope so. I hate...


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