We simply need SEVERAL competing currencies. Some digital or paper against holdings others just solid precious metals. We can have quite a variety and let the "market" decide which ones will be successful. Personally I think we need to get back to currency being cumbersome for quite some time until any of us are going to trust a "system" we can't see, touch or feel run by strangers far away. I think credit lines with stores, merchants, utilities etc are fine and can take care of most of our transactional spending but should be paid in hard PM currency.
The most important thing is we let the FED and their fractional reserve banking go off on their own. If anyone wants to deal with them then fine but the rest of us need several options.
We definitely need to make sure every " of currency that goes into the stockmarket is transfered out of US dollars and into a completely backed currency. This crap of creating money out of thin air then multiplying it by 10 crap is for the birds. They play the stockmarket like a slot machine using worthless slugs.
To me letting strangers hold or manage my currency is as logical as letting them hold or manage my children. The essence of the entire thing will just never work out for very long before there are problems. They are simply too easily corrupted and too hard to keep secured.
You hit on two keys there:Personally I think we need to get back to currency being cumbersome for quite some time until any of us are going to trust a "system" we can't see, touch or feel run by strangers far away.
"...we can't see, touch or feel..."
"...run by strangers far away..."
There is something to be said, I think, for a small committed group willing to circle the wagons in defense of one another's property--in addition to their own. That's what I want to put to the test in a way that I don't think has ever been tested before.
If they are involved, then what exactly should the state do, beyond simply having a policy of what currency it uses in its own transactions? Did those states have legal tender laws? If so, that might be more of the cause of their problems than multiple currencies. If the currencies are all commodity-based, and none of them are given a legal monopoly status, then they'll be interchangeable, and people, wherever they live, will choose to use the currencies that are most widely accepted and trustworthy when exchanging them for metals.
Iím not a libertarian. Iím not advocating everyone run around with no clothes on and smoke pot.
To anyone that sent me a PM and didn't get a reply, check your inbox, it's full! Small quota on this system, and I can't send a reply.
If everyone is following the same standard, the flow of trade is supposedly made more efficient, as we all refer to the same predictable UNITS. Fortunately, we have all the standards we need. We didn't ever need EAGLES, DOLLARS and CENTS in the first place, except perhaps as a branding mechanism, to distinguish them from other currencies. Troy ounces and grains (or any other metric) were always sufficient. The problem (for currency debasers only) is that you can't change a Troy ounce (or a gallon or an inch) into something else. Unless your Great Britain and you start with a thing called a POUND STERLING, and it ends up eventually having a meaning that has NOTHING to do with its original.
As for actual standards of weights and measures, we have evolved, and have all that down pat now. There is no problem with transporting and trading gallons of milk across state lines, or even deciding to package and measure them as liters, and going back and forth between the two. A gallon is a gallon, and a liter is a liter, and everyone knows what they are, and it's easy enough to convert between the two.
We're not in Confederate times, and technology has all but eliminated many of the former problems of currency inefficiency. Go to pay with gold and/or silver junk coins to someone who accepts it regularly as payment, and watch what they do. They won't count the coins. They won't bite them, or examine the ridges. They'll pull out an electronic scale, and calculate the PM contents for themselves. And for many you can pay in jewelry and flatware, and once they know that it's genuine (quick acid tests) they'll do the same with that.
Last edited by Steven Douglas; 12-05-2012 at 01:52 PM.
We are on the absolute very last leg of using paper or digital currency at all. They are both so easily corrupted/counterfeited a couple teenagers could do it. Current paper reproduction and digital security breaching technology is simply too cheap and easily attainable. You have to remember the Federal Reserve and World Bank crooks have trillions in real estate, corporations, stocks, PM's etc etc etc. These people are global terrorists and crooks beyond anything the innocent sheeple of this country could comprehend.
I mean these people will invade a country, assassinate its leaders and slaughter 600,000 civilians to keep a small middle eastern government using the US Dollar for oil transactions. What chance do you think a paper or digital currency stands against these human holocausts? I have no doubt these people will resort to heinous crimes beyond our comprehension to get back into power.
No thanks.... the paper and digital crap is playing right into their hands. We have to K.I.S.S..... keep it simple stupid. Drag around and hide PM's or such and have monthly types of credit lines for daily and monthly type transactional business. They are simply not going to go digging up backyards and beating open safes but the second you "CENTRALIZE" anything they are on it like a dog on a bone. At this point only a complete fool would centralize any currency competing with the FED bankers. They would "eat your liver with some fava beans and a nice chianti".
It is imperative to TOTALLY decentralize the "payment of goods/services" situation with multiple tangible transactional commodities. If one becomes unstable we simply move to another one. The damage is minimized.
Last edited by adams101; 12-05-2012 at 10:11 PM.
Good point about paper money. However, gold standard can be just as crooked. In earlier times, nations would plunder another's wealth just to get their gold, so they could create more money to expand their empires. England used fractional reserve banking in the 1600's, so they could expand the economy without having to do that.
Ron Paul did make a good point on a talk show one night when gas went up to about $4.00/gallon. He said he could get it down to a dime a gallon. The host asked how, he said: How much is an old silver dime worth? About $4. So there is stability with pm currency. I heard of one company that paid its employees with pm coins. They reported the face value to the IRS, so they didn't show much income to pay taxes on.
If the local merchants all accept it and use it, then it would thrive as a local currency. There is a guy in Berlin working to get several restaurants and stores to accept Bitcoin, he has 4 so far.
Definition of political insanity: Voting for the same people expecting different results.