Also: i stand corrected (Keith, Alex) - Special drawing rights is "a potential claim on the freely usable currencies of the IMF members" - wikipedia. NOT a currency. Okay then - glad that's cleared up.
In searching around for Special Drawing Rights info, i smacked into this strange topic of what is the US dollar worth? The US no longer uses the gold standard (where currency worth corresponds with how much gold you have stockpiled). Sure, there is still a reserve (aha! the Federal Reserve), but the US dollar floats with respect to the price of gold and all other currencies. According to wikipedia,
- "Today, like the currency of most nations, the dollar is fiat money without intrinsic value, which means that it has no backing and would be entirely worthless but for the fact that people have been persuaded to use and accept it as if it had worth." (my emphasis)
Another trippy thing that happened today. Paul Jepson was teaching class, and he morphed into the existential detective! It could have been the fact that he was feeling under the weather and may have been hallucinating. But, he was describing the way we experience places, where we "know" or locate a certain place, and then we don't really know everything in between, and then we "know" another place. Aha - its a blanket thing! I knew it would all come together!
So you have Bretton Woods over here, and you have the chemist at Boswells over here, okay? (demonstrates with blanket) Then there's me and there's you, and there's the tree that fell over and blocked Marston Road for a few hours on saturday. Once you get the blanket thing, you can relax - because everything you could ever want or be, you already have and are. Brilliant.
1 comment:
hey--i got a new blog...check me out :) em
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