Dollarization in the Spirit World

Cambodia (and Vietnam) have a holiday where wealth is injected into the spirit world by burning effigies of the items to be given to the ancestors.

 

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Cash is king, but Cambodians have never favored their domestic currency, the Rial. In the old days it was fake gold that was commonly burned, but in the brave new world of Southeast Asian capitalism, the dollar is now king.

Suck it, goldbugs!!

I can’t think of a better endorsement of our Federal Reserve.

The article link above is well worth a full reading.

 

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