House of Paine

there's really no exit from the imperial dollar

" what'll it be  mistah
            dollar yen or euro ? "

those are u're 
       reserve currency choices 

   and hey they don't play fair
                  ...any of em 





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 here are some tinder notes

scattered here 
   in hopes of sparks 

-------------------------------

emerging currencies
  must 
render unto ceasar 

reserve  this !!!!

----------------------------

in this game 
 its the issuers 
who get the  free gifts 

not the  subscribers  

the free gifts ????

 the    annual  Seigniorage

   equal to the amount 
of their script
  emerging chump states
add 
  to  their aggregate reserves 
in that particular big three  currency 

example

if newly "issued" 
  imperial dollars
  get reserved out of curculation
       they have no effect on currency supply 

in effect
       say its four hundred billion dollars 

thats the free ride 

ie the us gets 400 billion in goods and services from the rest of the world
for no "real" cost
because the dollars are not reintroduced into circulation 


over time  at a 400 bills per clip
 this amount would  build up  mighty fast 

the steady state rate ??????

 which ratio ???

(O)utside (D)ollar (R)eserves TO ???

             ODRs to US GDP  
                   or
                   to  global trade (in dollar prices)

so 

whats 
a  sustainable rate ????

   in other words

whats 
  the ceiling ratio ?????

----------------------------------


the final question
why no 

world money ???

no 
paper gold 

 the 60's SDR movement  
 a path not followed 


---------------------------------
 so u say uwant to fuck the imperial dollar 

no exit means 
reserve currency switching
is okay

u  do have a choice

but we don't all have one

all  old maids stay in the game
  even if not in play 
unles the isssuing CB chooses 
or inadvertently acts otherwise 

in fact
its very  unlikely
the bitch will even get devalued much...
unless
   all three want it that way 



so  remember  when u fantasize about a come uppins

there's 
           no exit
from the big three 


not if you wanna play big time that is 

not  if u wanna  play 
the trade  and finance game
with  open bets all round
each and every  hand 

nope
if ya want that 
u gotta stay 
         at the main  table 

 so 
if you wanna
 gang  up on
 uncle bully buck

crash his  stinkin  dollar 

tough luck can't happen
 

cause all three
         fly in  formation 
 albeit
a loose formation 
give or take 30 %


but the emerging currencies are systematically
  
200-400 % "undervalued "


to bring down one anywhere near to emerging 
                                       tender parities 

u'll need to bring em all down 

ie 
  none
of the big three

 not the dollar the yen 
or  the euro

 is ever  going  to let 
        either of the other two
                drift away from them 
         
either way 
          
            but especially  
           not  down 

 u gotta  find a way to crash 
             all three at once 

or opt for a world money 

how u gonna convince the  major country tncs 
or the  major countries  gubmints 
its in "their" corporate/national  interest to go along

hard hard sell
even if its a reseve only  CB only legal tender 

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