Jdayh
05-29-2010, 12:36 AM
They are sovereign nations.
They could easily set up a separate monetary system, and either banish Federal Reserve Notes on their lands, or impose an exchange rate. Their currency would be stable, interest free, and could attract foreign investors.(for their own infrastructure.) I mean if you knew that a foreign government had a debt free currency...wouldn't you invest? Be it in exchanging FRNs for it or otherwise?
It could be used on all Native American lands, or just for the nation that started it. (although a multi-Indian nation currency would seem like a better idea, perhaps)
The currency could be either backed by some type of commodity, or just by the faith and credit of each nation. They are not bound by the Constitution....so there could be some creativity there....
Any thoughts as to why this has not or is not being done? Or how to implement it? (ASAP)
They could easily set up a separate monetary system, and either banish Federal Reserve Notes on their lands, or impose an exchange rate. Their currency would be stable, interest free, and could attract foreign investors.(for their own infrastructure.) I mean if you knew that a foreign government had a debt free currency...wouldn't you invest? Be it in exchanging FRNs for it or otherwise?
It could be used on all Native American lands, or just for the nation that started it. (although a multi-Indian nation currency would seem like a better idea, perhaps)
The currency could be either backed by some type of commodity, or just by the faith and credit of each nation. They are not bound by the Constitution....so there could be some creativity there....
Any thoughts as to why this has not or is not being done? Or how to implement it? (ASAP)