Question

1. Gordon Brown, Can you assure us that this G20 meeting will not lead the IMF to issue new SDRs that could ultimately cause a 'catastrophic economic holocaust of world-wide runaway inflation' as described by Murray Rothbard in his highly prescient 1960s' book "What Has The Government Done To Our Money?": "the ultimate goal of most American and world leaders is the old Keynesian vision of a one-world fiat paper standard, a new currency unit issued by a World Reserve Bank (WRB)...such an international paper currency, while indeed free of balance of payments crises since the WRB could issue as much bancors [SDRs] as it wished and supply them to its country of choice, would provide for an open channel for unlimited world-wide inflation, unchecked by either balance-of-payments crises or by declines in exchange rates. The WRB would then be the all-powerful determinant of the world’s money supply and its national distribution. The WRB could and would subject the world to what it believes will be a wisely-controlled inflation. Unfortunately, there would then be nothing standing in the way of the unimaginably catastrophic economic holocaust of world-wide runaway inflation, nothing, that is, except the dubious capacity of the WRB to fine-tune the world economy." I have to say, hearing the chatter going into this meeting, I fear this is EXACTLY what governments want to happen.
   Asked by PatNInterupt on Mar 30 2009 6:29:33 PM and supported by 4 members
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