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http://www.etymonline.com/index.php?...wed_in_frame=0
absquatulate 1837, "Facetious U.S. coinage" [Weekley], perhaps rooted in mock-Latin negation of squat "to settle." Said to have been first used by the Western character "Nimrod Wildfire" in the play "The Kentuckian," written by William B. Bernard in 1833. Amazing the things you can uncover in a dictionary. Do you suppose the absquatulate is going to replace the U.S. dollar? After all, the current dollar is worth squat. |
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Perhaps the reference is to a particular unit of currency that tends to depreciate--a hint taken from the latin ab--toward, and squat, meaning nothing, as in diddly squat. Money going to nothing in value. Sounds like the FRN, which has been absquatulating since its introduction a hundred years ago. Perhaps then, it is a synonym for 'inflating'. Prices are rising because the dollar is absquatulating.
I think absquatulation is gold positive. Hatha |
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