Naked Science Forum
On the Lighter Side => New Theories => Topic started by: Jolly2 on 13/12/2020 20:41:25
-
It is highly likley in the next few year that we could see all current currencies crashing and mass inflation.
As such I recomend all countries create a people's currency in tandum to their current fiat money.
Silver been used for thousands of years, as Money and has traditionally been seen as the poor man's gold.
I think it may well be time for the people everywhere to organise a publically controlled and owned silver backed currency.
Or alternatively a metals basket of Silver, palladium, and platinum.
Money is a social tool of exchange and should surely be socially controlled, if anything the recent crashes and the comming one shows that private interests cannot be trusted, with maintaining a stable financial system.
So I suggest a peoples currency, any thoughts?
-
It is highly likley in the next few year that we could see all current currencies crashing and mass inflation.
As such I recomend all countries create a people's currency in tandum to their current fiat money.
Silver been used for thousands of years, as Money and has traditionally been seen as the poor man's gold.
I think it may well be time for the people everywhere to organise a publically controlled and owned silver backed currency.
Or alternatively a metals basket of Silver, palladium, and platinum.
Money is a social tool of exchange and should surely be socially controlled, if anything the recent crashes and the comming one shows that private interests cannot be trusted, with maintaining a stable financial system.
So I suggest a peoples currency, any thoughts?
It is not the private sector that is messing this up, it is government and public sector. China manipulates its currency for trade advantages, while the US runs huge budget deficits and then prints more money. It is the private sector that adjusts to keep the currency from going to far south. Even if we created a new currency, the boneheads in government, have the power to screw that up also.
-
US runs huge budget deficits and then prints more money.
The governments of the UK and US have plenty of faults, but they are actually keeping a lid on inflation. It's been pretty much below 5% for the last 10 years.
It is the private sector that adjusts to keep the currency from going to far south.
They do not have a mechanism for doing this.
If the government chooses to print lots more money then the value of that money falls.
There's nothing that private industry can do about it.
-
It is highly likley in the next few year that we could see all current currencies crashing and mass inflation.
As such I recomend all countries create a people's currency in tandum to their current fiat money.
Silver been used for thousands of years, as Money and has traditionally been seen as the poor man's gold.
I think it may well be time for the people everywhere to organise a publically controlled and owned silver backed currency.
Or alternatively a metals basket of Silver, palladium, and platinum.
Money is a social tool of exchange and should surely be socially controlled, if anything the recent crashes and the comming one shows that private interests cannot be trusted, with maintaining a stable financial system.
So I suggest a peoples currency, any thoughts?
It is not the private sector that is messing this up, it is government and public sector.
Simply not the case, banks are loaning money into existence, that is private companies creating money. And the ratios have gone crazy, it was the private firms that caused the 2008 crash with liar loans. We still have not recovered from the 2008 crash.
China manipulates its currency for trade advantages, while the US runs huge budget deficits and then prints more money. It is the private sector that adjusts to keep the currency from going to far south. Even if we created a new currency, the boneheads in government, have the power to screw that up also.
The suggestion is a public currency controlled by an independent group, not government, not private interests, a independent group that represents the public and all currency users. Money is a public tool.