Re: Hard Currency
These days the new silver or gold is oil
Having oil has seriously screwed up the economies of virtually every country which has discovered it, usually ending up worse off than they were originally - the economy becomes utterly dependent on selling it and every other industry atrophies because oil income has made the currency ride high and local products become too expensive to export, whilst imports become relatively cheap
Even the UK has suffered this. The disasterous social/economic policies of the last 45 years have been underpinned by oil/gas income which masked the unsustainability of government actions. Now the oil is drying up but the habits persist
Biting the hand that feeds IT
