Re: Fearmongering from the Masters
the market determining how much a euro or dollar is worth depending on... how many of them people are willing to trade for other currencies... hmm... which can be created (dug up) at will - at a profit
[John Cleese pause].
Unfortunately I have yet to see people digging up euros. They are generally carted out of the European Central Bank, amazingly.
Look up "currency manipulation" and the whole mercantilist bull of "fixing the interest rate" and "keeping the EUR/USD/YEN/RMB" low relative to other currencies to "help exports" and other retardations by economists possibly holding the "nobel prize in economics" (a title worth about as much as "MSFT most cherished microserf" but it apparently opens doors to writing inane if not frankly evil articles in the NYT)
Then ask yourself how this is were even possible if the fiat money had any objective value above 0.