The End of National Currency

Summary --

Global financial instability has sparked a surge in "monetary nationalism" -- the idea that countries must make and control their own currencies. But globalization and monetary nationalism are a dangerous combination, a cause of financial crises and geopolitical tension. The world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn.

Comments

What about using gold instead

Why not just use gold instead ?

Abuse of Seignorage

Real vs. Fake People, Progress, Money

If you are like me, you want real answers and real solutions to challenges, lasting solutions, that with today's technology are more than possible, they are just begging to deliver their goods to real people in reality, not some far off promise like some "FREE Pizza Tomorrow" sign in a window: Always True?, Yet never Delivered !!! or in the case of Paper Money: "Promise to Pay Bearer on Demand", when with Real Money, i.e. Gold Coin, you are already PAID the moment you have it in hand !!!
Real Money is neither good nor evil, it just is, yet, in
that sense, it is very good indeed, just like our existence,
and for good reason, most kinda like both, as both are real,
yet not quite the same without the other, until The RWE© rolls
out, making the one unnecessary, and the other bliss for all humans.

Ironically, and profoundly, Real Money's only purpose
is to make itself unnecessary by manifesting The RWE©
that is why it is vital that only Real Money be used until then, for without it,
the custom fit for humans, perfectly ergonomic RWE© cannot manifest, simply
due to forgetting that if you do not treat human's well on the way, you will never
get there for THEM., i.e. some other reality will be created, perhaps not at all what
we want, i.e. the OTHER kind of Robotics.

Let's keep everything in perspective after all, everything must be for the betterment of all humankind.

With the right technology rollout via patient, sober leadership, never mind whether you, or your neighbor, or the CEO of Walmart understands it yet, for that day may never come at the same time for everyone, we can solve every challenge facing us with the proper technique & knowledge, i.e. Technology, then there will be plenty of "time" later for everyone to "understand" it, point is, at least you will be here to have the potential to understand it.

Now a whirlwind discussion of some of our biggest challenges facing us today, that can all be solved in the blink of an eye, if enough people understand fast enough, everyone else can be filled in later as their curiosity leads them.

Abuse of Seignorage

* Real Money is the best way to respectfully encourage humans to reorganize inanimate matter into progressively sophisticated forms leading to a technological critical mass , i.e. "The Robotic Wageless Economy©", where humans will then no longer have to do anything they would not otherwise want to, rather only that which is good for them & everyone else: correspondingly real money, the degree to which its purpose having been fulfilled, would become less necessary and less useful.

* Paper Money is the best way to corrupt real human beings into being robots, i.e. the lazy short cut, botched way to achieve pseudo-robotics, WITHOUT having to make the investment in thought, time or resources to create real robots. Fake Paper Money turns real humans into Fake Robots against their will, by destroying it. Why not instead do it the right way, with real robots which, when properly designed & deployed, possess no will of their own, rather than treating people like Robots via the crushing of their innate will?

Why bother creating real robots when you can just continue converting real humans into robots !!! as is the current approach. Why indeed !!!

See this as crucial, because with an inexhaustible reservoir of disposable humans reduced to being robots, as is the case under the current system, there simply is no incentive for those enjoying others' labor to develop real robots fast & thoroughly enough to free the subjugated humans from these same humans who are benefiting from the robotized humans, knowingly or not !!!

Ubiquitous Acknowledgment of this single fact will be the most crucial event in humankind's history.

Most do not even realize their role in this, from either perspective !!!

Even abusers' progress is being held up by the current approach.

Indeed, exploiters' progress is being delayed by the current unnecessarily disproportionately human-centric labor approach.

The law is constructed so that anyone aware of loop holes in tax law may LEGALLY benefit from them, because if this were not so, the Rich could not either. In like manner, until robotic labor replaces human labor, the abuser's progress is capped as if in a system with no loop holes.

Let's make the loop hole so big we can fit the entire earth and all its inhabitants through !!!

The metaphor is: just as the affluent made sure there are loops holes in tax laws that anyone who knows about them, by law must also be able to benefit from, we need to go to the next level with Robots, even if at first the abusers are the only ones who know about & benefit from them, for until then, even they are held back from their true potential.

Such current artificial caps on abusers' progress ironically limits everyone else's, which should come as no surprise to you.

Who cares who gets to go first, lets get on with it, rising tide lifts all boats.

PAPER MONEY's ROLE in Delaying REAL Progress

The whole notion of paper money is problematic, multinational or otherwise.

Money = Medium of Exchange

When money has intrinsic value, i.e. it does not just simply represent value, but is itself valuable, it goes without saying that the holders of such real money cannot have it devalued nearly as easily as those holding even the best paper money paper money can buy !!!

That being said, need we say anymore ?

There should not be different "brands" of paper money, national or otherwise, they are all tainted, manipulable, but not gold, gold is gold is gold, no matter whose face is emblazoned on the coin.

Not only should there not be different national currencies, there should not be paper currency of any kind, only gold coins of regulated weight and composition. [other precious metals are fine too, think intrinsic value, requires no trust] As for notes fixed to gold, the temptation is too great to keep the ratios fixed, they have never remained fixed, always slipped, always.

With gold, trust in no person is required after a transaction using gold as the medium of exchange has been made, the gold's value will fluctuate only based on the availability of gold itself, not the whims of those with ability to print up willy nilly oodles of more paper currency.

People who inanely argue that if there is not enough gold, economic activity will slow to a halt are just plain silly, perhaps even disingenuous, and they know it: the value of whatever gold there is available will simply rise, which is a good thing, not bad, free market will still function, and best of all, no one's savings, if in gold, will be devalued. That a Gold Standard was the cause of economic trouble in the past is one of the biggest lies of all "time", and only served to remove gold from the hands of the pliant common folk, a gargantuan theft which continues unabated.

People need a reason to save, be frugal, efficient and sober in all dealings, and money that cannot easily lose its value due simply to the whim of coordinated action by some humans is crucial to that end. As real as your money is, is as real as you are some feel.

Unless you have this correct premise, one can spin any kind of complex story one wants, attempting to overflow the buffers of one's readers to the point they forget the premise and agree with your points out of sheer exhaustion somewhere in the middle, via endless comparisons of permutations of the same faulty premises re: the numerous paper currencies' relationships with each other, all rubbish, figuratively and actually !

Unless you can hold a continuous logically connected series of thoughts from beginning to end, you can be convinced of anything, including that paper money is anything but a crude parlor trick.

Paper money is almost as bad as electronic money. A regression of virtual money. All theft is based on fraud. Paper money is a lie and requires trust that just does not exist. It says I am worth more than the paper I am printed on. Cashless is even more dependent on trust, whereas Gold is Gold, and is itself worth something as a material of remarkable usefulness.

Electronic money is even worse than paper money: there is no way to know how much there really is out there, almost like paper money, both of which can be created out of thin air, unlike gold, but with the Electronic money's added danger of it not being possible to make a run on a bank if there is nothing physical to demand, i.e. not even paper money !!!

Then the only way to restore equilibrium after the type of fraud possible in a cashless society is usually war, since things can become so out of whack when even the run on banks mechanism is gone, an implict result of cashless. And lots of unhappy ripped off people are better done away with then dealt with as the tragic rationalization goes, and has often been the solution historically, aka wars to reduce the population, all other excuses as cover for this simple fact.

Now contrast cashless with wageless, and you will really begin to see that all forms of money, even gold, are really only a way to organize matter beneath those creating the particular monetary system in question, i.e. those first issuing "money" in whatever form, and that a wageless economy where all work is performed by robots and computers is where we are headed, and that what we have today is a form of it, but a brutal form where real breathing people are turned into robots by the issuers of paper money !!!, when real robots would be so much more, shall we say, humane and sensible to use than real humans as robots !!!

Forex Not Possible with Real Money

The whole notion of 4X itself is flawed because it is a leak in the system, where differences are exploited, and only those with reach across multiple regions can reasonably exploit such differences. One can argue that all such exploitation eventually brings progressive equilibrium, but in so saying you have admitted that exploitation is part of that "progress".

Besides, those addicted to such easy money, will and have always endeavored to maintain the differences intentionally via psuedo-representative "governance" commandeered by extra-governmental international mechanism keeping exploitable differences in place, milking the differential, just as one does with Ocean Thermal Energy, Geothermal Energy, the Hegelian Dialectic, thereby remaining in the above the fray position from which to cherry pick indefinitely. Why should this situation EVER change unless we provide a better way ?

Before we had the robotic technology we now possess, many of these arguments and "peculiar ways of doing things" may have made some sense in that there was no better way to achieve "progress", but with the level of progress thus far achieved, ironically in large part via exploitation, it is now possible to exploit only inanimate matter, i.e. robots and computers made from inanimate matter and possessing no will of their own, as hard as it is for those accustomed to exploiting humans to admit this, it is nevertheless true that all such exploitation of contrived differences enforced on humans is now no longer "necessary", and the big concern now is how will those who took the status quo to be ordained, how will they now behave knowing there is a better way, and will they help lead the transition to "The Robotic Wageless Economy©", or will they cling desperately to their notions of rigged superiority? Rigging is fine, as long as we rig it so everyone wins !!! We dont care how you do it, but do it well, so well in fact that no one gets hurt and everyone wins. Si se puede !!

More on the interesting concept of a wageless robotic economy that we are hearing more and more about, can be found here: http://RoboEco.com/RealDeal.shtml

In summary, "The Robotic Wageless Economy©" is something we can all benefit from and we look forward to your efforts in joining us to achieve this simple goal in our lifetimes. If you feel all the above made points are reasonable, then ask yourself, why are we not focusing all our efforts on the new way instead of propping up the old way ? What is in that for you my friend ?

If you feel you can help write this piece more clearly, or would like to help out in other ways or simply wish to share your thoughts:

Please write us: sysop@TeamInfinity.com

Thanks, Be well.

Cheers !!!

gold standard

Agreed that a superficial argument may be made for a "return to the gold standard".

But, the USA WAS on the gold standard when the crash of 1929 occurred! So how did the gold standard help then? Or the crash of 1920? Or the crash of 190X?

Anyone remember the Hunt brother's attempt to corner the silver market in the 1980's and the price of silver went through the roof? (as did other precious metals) How would this have affected the dollar?

Fact is, all currencies, gold backed or not, are subject to manipulation against which only the fiscally sophisticated are able to protect themselves. Prudence does help, as does a healthy dose of skepticism towards anything propounded by governments and its hangers-on.

I believe that the only way to manage a currency is to put good people in charge of it, with well-defined goals and objectives that reflect the needs and well-being of the taxpayers, along with oversight, by a body selected by the method of the jury system but with decent compensation.

Bailing out private financial corporations at the expense of the taxpayer is NOT the way to do it: Privatizing profits while socializing losses is theft, pure and simple.

W.F. Habicher

what part of "no paper money" is not understood ?

There is no issue of "backing", or "good people in charge" when there is no paper money...

That is the entire point. Make it so the only crime will be obvious crime, make them be bandits and thieves, strong arm thugs, do not let them hide behind paper money tricks and act as if there are not the common thieves they are.

Intrinsically valuable mediums of exchange are the key, as they require no external trust based mechanisms: they are essentially BARTER...

Let me know if this helps Wolfgang, and thanks for the opportunity to converse with you sir and absolutely agree with your Chomsky quote.

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KNOW that the moment YOU submit to an enforced exclusively cashless system, is the moment YOU may never escape without external help which may never come for you.

Not only should we not eliminate physical money until the ROBOTIC WAGELESS ECONOMY is in place, until then, we MUST use only mediums of exchange that have intrinsic value, i.e. precious metals, gems etc, so that the transaction is 100% complete when it occurs, and there is no external trust based mechanism controlling the value, think of it as barter, where you are not worried if you are getting ripped off, i.e. you have what you want at the moment of the exchange.

Once you know the INFINITE difference between the ROBOTIC WAGELESS ECONOMY, which is what we want, and Cashless, which is what we never want, then you will understand...

Please visit: http://RoboEco.com/rfc
& http://RoboEco.com/RealDeal.shtml & this link:
http://www.foreignaffairs.org/articles/62614/benn-steil/the-end-of-natio...

Rewarding Failure Not The Answer

The free market functions adequately, as long as a country is republic -- that is, a nation of laws in order to protect those who cannot protect themselves.

Problems arise when we enable countries by rewarding negative behavior by throwing more money at the problem. You can't tout monetary solutions by themselves (The IMF and World Bank) as a panacea when you have religious, moral, ethical and political problems. Corruption will always exist, but until now in the U.S., leaders have always known where to draw the line.

The only thing a world currency (or a debits and credits system) will do is eliminate the black market and allow the government elite to control the bank accounts of those they wish to oppress.

Peace free from corruption cannot exist unless those who are establishing order are prepared to back up peace initiatives with war. Good intentions are irrelevant when it comes to solving problems. Good action is. Start with the Golden Rule and the issues of "gold" will take care of themselves.

at least 10 - 15 years

One of the meaning of the term currency - something in the force.
It seems that USD will be slow losing its puissance during current 10-15 years.
The main global currency is growing up - that is EURO.