It can't get any crazier. RBC used to maintain that Jimmy Carter was a peanut warehouser for big brother -- not a farmer as was universally assumed -- and suddenly, in the back pages of the best "weird news" site, a revelation:
More than $1.2B in $1 coins in storage
http://www.upi.com/Odd_News/2011/09/07/More-than-12B-in-1-coins-in-storage/UPI-54691315413602/
Thank God, that was close. The Fed is chock-a-block full with reserves, of "coins" in a sense but not of anything intrinsically valuable.
Did you see how near the Bizarro fedgov world came to contact with the real one? What would happen if these slugs (the Susan Anthony type, perchance?) were to turn into real money, i.e. gold and silver, overnight? Would it cause the astral plane to sink into the Sea of Tranquility? Maybe the government would be yanked so fast back toward reality, the sound barrier would be shattered, or the earth would tilt on its axis.
What the fed has in its possession (typically oceans of intrinsically worthless greenbacks) is of great consequence to the world. What are the fats trying to do here -- drive up the value of pot metal and corner the market?
/\/.\/\/.
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