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View Diary: China Cuts US Credit Rating. Obama Cuts Hawaii Vacation Short. (171 comments)

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  •  So, whichver 'nation' the solid gold mega kilo (0+ / 0-)

    apollos object strikes will become, by default,
    the new global reserve currency of record?
    Regardless of what the subsequent impact
    would do to its physical infrastructure or
    its citizens, or governance, culture, and society?

    Silly me. I thought that AU
    stood for Astronomical Units,
    not gold. My mistake.

    Is that the equivalent
    of the invisible hand
    throwing a spitball?

    While I understand the desire for a finite
    and stable reserve for any currency,
    doesn't the reliance on this one commodity,
    make each extremely vulnerable to even just
    one major, or perhaps even minor, discovery?

    Does this prove that the nations of the world
    have returned to a de facto "gold standard",
    merely by their own purchasing actions and strategies?
    Save for the US of A? Something is not adding up here.

    Thanks for all of your efforts.

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