SeaGypsy wrote:But they trust the USD? Or is that insane also?Who can start a new central currency? Aren't all the rich countries up shit creek without a paddle? Without a new central currency aren't we all tied to debt accumulated under the scam of compound interest and BAU since WW2? I'm not suggesting the IMF is the right body, just asking who will or can do it?
Nobody trusts the USD anymore, just they are stuck with it, and since nobody is willing to admit to a worldwide bankruptcy which renders everything valueless and property ownership moot they continue to print dollars in the effort to keep the house of cards standing.
As far as who could create a new currency, locally any goobermint or bank could as long as the local folks trust them. Internationally who could do this now? NOBODY. The only reason the Banksters were able to push thru the Bretton Woods agreement was because the US was the big victor in WWII and could dictate the terms. The Chinese by no means have the political muscle to do this, and either does the IMF or the UN.
This is why you are looking at more than a Depression, you are looking at a Monetary System Collapse of the first order. Not since the Fall of the Roman Empire has such a thing happenned, and even then not nearly to the scale it is now. Its the Greatest Bonfire of Paper Wealth in all of Recorded History.