Jonathan Kleck decoded the new USD $100 Bill some two years ago and in light of the recent interview with Jim Willie regarding the end of the USD for International Trade and the start of a two track or two tier Dollar system this video now seems to make more sense and have more relevance.
This system where there are two currencies operating in one country is not new or unique. It has been the case in Cuba for awhile now where there is a Domestic Currency for the Poor Masses and then a Foreign Exchange Currency for all the Rich Tourists to use.
[The Economist] ”ONE country, two currencies” is one of Cuba’s more peculiar idiosyncrasies. The Cuban peso (CUP) and the Cuban convertible peso (CUC) are both legal tender on the island, though neither is exchangeable in foreign markets. The CUC is pegged to the dollar and worth 25 times as much as the CUP. But whereas most Cubans are paid in CUP, nearly all consumer goods are priced in CUC. The system, which highlights divisions between those with access to hard currency and those without, has proved unpopular. On October 22nd state media published an official announcement that it is finally going to be scrapped. Cuba’s Council of Ministers, it said, had approved a timetable for implementing “measures that will lead to monetary and exchange unification”.
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