"Oh..." Disposing of the easier problem he instructed his assistant to
"Call the Chinese (Bankers) and pass on any info about the Russians. It
will get to the right place in a few minutes. --Let them handle it.
After all they still have an intact military."
"And the default of the world economies?" He was prompted.
The Chairman sat down on the divan by the window. "I guess we'll
monetize it."
"The whole thing?" One of the Governors asked.
The Chairman bowed his head in the afternoon sunlight. "Yeah. Open
the window, cut the funds rate to zero, lower the discount rate to
the same. Free money for all billion-dollar financial institutions."
"Is that sound banking?"
The Chairman nodded his head slowly.
"If this doesn't work it will bring on a horrendous inflation followed by
panic and disorder... --- If it does work it will make the Creative
Derivative Arbitrage Fund the largest holder of assets on the planet."
"Uh huh..." the Chairman said committing the name to memory, "and
who are the principals of that fund?"
"Well there's Royal Peabody the General Director, a Princeton man ...
and ..."
"Yes," the Chairman prompted committing the name of Royal Peabody
to his memory, as someone who would warrant invitations to all
events the Chairman would sponsor. "Owners, subsidiaries and
co-signs?"
"Well, Mounting Debt Funds Inc had been the owner but they
relinquished all claims very recently. Creative Derivative Arbitrage has
as its main proprietary holding and only equity partner a person... --A
person of the name of Martin Money."
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