Return of the Cow Standard! .... Burst of the Mother of All Bubbles

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Subject:	***** Return of the Cow Standard! Motherland of the Modern Capitalism Would Lead to Burst of the Mother of All Bubbles!
Date:	Wed, 3 Feb 2010 05:43:02 -0800
From:	Jas Jain

Return of the Cow Standard! Motherland of the Modern Capitalism Would Lead to Burst of the Mother of All Bubbles

 

Forget PIGS and pay attention to the motherland of the modern capitalism—The United Kingdom. All bubbles have debt bubbles underneath (stock market is a substitute debt market). The total debt burden, public and private, is 450%+ of the GDP. The budget deficit is 12.1% of the GDP. Greece is a rabbit compared to this fat pig (America is a fat elephant).

 

The English will go back to their monarchy when democracy falters; the Scots will get back their independence, but what would Americans and Indians do? Widespread civil unrest and violence are unavoidable as the demonic democratic debt bubbles deflate one by one and long depression sets in.

 

USD would out live the cable and most other paper currencies. Gold would serve as a substitute currency until the world goes back to the Cow Standard, the longest lasting standard of measure of wealth and monetary unit in human history. Heavy fines and dowries were paid in cattle (a Rajput friend of mine, a son of thakur who married a girl from deep desert, got camels, sheep, goats and cows, in addition to gold, as dowry). Gold as a monetary unit is only a teenager compared to the Cow Standard. The networth of the very wealthy was measured in tens of thousands of cows. Other common animals were also used as monetary units.

 

Talent was not a currency in ancient Greece (before the coins came into circulation); it was merely the mass of gold for the real monetary unit-the ox. (I would need to check how many oxen were equal to a talent of gold). Long after the coinage the public used the sheep as a monetary unit in the Roman Republic around 200 B.C.

 

Worshiping a cow is far more rational than worshiping money! Needless to point out, the Hindu Aryans were on the Cow Standard and so were their cousins among the Indo-Europeans, including the Anglo-Saxons. You can't eat gold but you can get a lot to eat form a cow! The Arabs and the Hebrews might go back to the sheep standard.

 

Jas