Tag Archives: Exchange Standard

The Gold Exchange Standard and the Magical Trap of Paper Money (Published)

The old Mickey Mouse cartoons were a symbol of greed where old Uncle Scrooge loved to satisfy his endless “auri sacra fames” (accursed greed for gold) by diving into his secret pool filled with gold dollars. How times have changed, poor old Uncle Scrooge would today have to dive into a pool filled with paper money, perhaps the impact would softer, but the satisfaction would be also be less, or worse, into a pool of derivatives, but this would be infinite, immaterial and empty, in short, it would be a leap into the hyperuranion of a magic finance of nothing.

Keywords: Exchange Standard, Gold, Magical Trap, Paper Money