Friday, January 27, 2006

Failing Fiat Currency: Now Middle Eastern Oil Exporters Want Unified Currency Like a Euro

By Elaine Meinel Supkis

Using the American dollar as the "fiat" currency of the world off of which all other currencies are measured, is beginning to shake at the base. As we exploited our powerful position just like all previous empires exploited their control over currency matters, we begin to cheat everyone, tempted to cut corners so we can rake in goods with increasingly worthless script. This is why no currency stays on top for more than 100 years no matter how big the empire.

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