Word: supermoney
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Faster than a speeding dollar. More powerful than a Krugerrand. Able to leap national boundaries with a single telex message. Look! In all the banks! It's a mark. It's a franc. No, it's supermoney...
...also mysterious, pervasive and, in the cold eyes of Western policymakers, dangerous and disruptive to current at tempts to combat inflation. Supermoney is the immense and swift-moving pool of currencies deposited in banks outside their home countries- and thus out of the control of any government. No body knows the total, but estimates run to $750 billion in ''offshore'' dollars and $250 billion in German marks and other, mostly European, money...
...Administration's policy of demonetizing gold will receive yet a further setback if, as is expected, eight of the nine members of Europe's Common Market next month begin pooling a portion of their official reserve holdings to create a kind of central bankers' supermoney. The European Currency Unit, or "ecu," is intended to be the precursor to a Common Market currency that would at least partly replace marks, francs, guilders and other national money. Each member nation must contribute not only paper money but also 20% of its gold reserves to the pool that will back...
Three out of five alumni members are coming back this year, including G. Jerome W. Goodman '52, author of The Americanization of Emily and, under the pseudonym 'Adam Smith,' of The Money Game, Supermoney...
...JEROME W. GOODMAN '52. Goodman is also known as 'Adam Smith,' and is the author of The Money Game and the currently best-selling Supermoney. In his original incarnation, he wrote several screenplays including The Americanization of Emily...