One who intends to leave others better off for his having existed.


If credit peaks does employment, globalization and peace?

To avoid the shortcomings of sovereign credit currencies

acting as reserve currencies,

we need to create an ... international reserve currency

that can maintain the long-term stability of its value.


People's Bank of China


If US dollars became redeemable only for themselves in 1971,

why are most international financial transactions

still denominated in American currency?


What would happen if international financial transactions

become denominated in assets other than US dollars

and Federal Reserve Note supplies exceed demand?


If one day the world's largest oil producers

 demanded euros for their barrels,

it would be the financial equivalent of a nuclear strike.


Bill O'Grady

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