Topic: International Reserve Bank (Read 1028 times)

This will always be the case. In any country, you will have rich and poor regions.
If you have a political union, there can be a balancing act in terms of spending. Now you have some migration within the EU, but the poor countries continue to remain poor. Plus, individual country heads can cause a lot of trouble for the Union as a whole, because they are answerable only to their citizens.

Sadly, that won't happen, since a sound, or sounder, monetary base (than Western currency reserves) won't benefit the ruling and banking elites of any country as much as today's system.

Today, countries other than the US are not only allowed to inflate the financial assets they issue faster than the US does, but encouraged.  All currencies are, one way or another, even less sound than the dollar.  That's how the US maintains its position.

In fact, if the elites of a country, for some reason, decide to have sound(er) money, they or their country are generally in trouble, one way or another.  In the 19th century China was punished by Britain in the Opium War for this reason (unless you believe the British official reasons for going to war.)  More recently Switzerland found itself priced out of most global markets, and ended up inflating its money anyway (by pegging to the euro to keep the franc down.)  There's a reason why these examples are rare.

Since the US receives the lion's share of the unearned benefits of this system, the elites of other countries are in effect collaborating with the imperial power and selling out their own people.  But as long as most people (and especially in poorer countries) don't understand how things work, this is by far the more beneficial choice for the elites.

Ultimately, things won't change unless people wake up.

It is not problem of political vs economic union. The problem lies in different level of development of EU countries.
EU is not monolith. There are rich countries like Germany, France, UK and very poor like Greece, Poland, Estonia.

No, don't exist any group of countries which are considering an International Reserve Bank type based on the blockchain. At least I have not hear this thing. I think that, if this could be possible, it will be a very good thing because will give at bitcoin more power, more visibility, more spread, and more good reputation.
Anyhow, are some rumors that single countries are studying blockchain with the intention to create their own digital coin. These countries are Russia, USA and England. At least are those. Because can be even others which are doing the same thing but I have heard and have data only for the above. If you want to learn more about these initiatives of those read more the content of the links below.

https://www.cryptocoinsnews.com/ibm-federal-reserve-want-create-bitcoin-knock-off/

http://cointelegraph.com/news/115302/russia-to-create-bitruble-a-state-run-digital-currency-for-2016

I think that if this trend will spread in the times to come, there must be good chances about the creation of this kind of bank asked by you or that important financial international institutions adopt blockchain on its interests.

So now that the EU experience has created information on collective nation banking pros and cons, along with doing a number on employment figures in youth, open technology is now the difference in what will give younger generations a place to take back their own futures.  Income drain within economies with unfunded and or unsustainable social welfare insurance programs cannot justify the cost of bridging the gap to even work.
Having these costs wipe out the income created by working, combined with accelerating insurance service, the opportunity for countries that don't have to indemnify their populations to become managed in a bitcoin based central reserve banking trust, looks to to be an envious advantage for those economies production work incentives.

There will always be states which are stronger than the rest. Even in the US, there are states which have a larger role (in terms of number of allocations in the electoral college). It is but natural to have the strongest state dominate in an union.

I think this still involves in the foreign exchanges of the world and they also including foreign currency deposits and bonds held by central banks and monetary authorities, gold and others.

Like many others, I have real doubts that most countries would willingly give away "national privilege" to print their money and make their own decisions (EU excepted, and look how that is working out).  The blockchain does not have enough time, IMO, to really know if it is sturdy (resistant to various kinds of attacks -- we have seen "stress tests" that irked users recently).

Getting involved!  Just buy and use Bitcoin!  If BTC is really good enough at some point to become a national or international currency, everyone will notice.

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Pab

We see more and more bad news out of Europe almost every day.  I agree that the Euro Experiment (currency) appears to be a failure.

 There is  EU and Euro  Zone,EU is good thing,Euro is shit.One central bank for all indpendent EU zone countries
Your money in hand of  strange people who decide about your country.Euro is political project to make Europe like USA is,but it is turning to be EU of Germany

Would we really want Bitcoin to be the focus of an international reserve bank? The greed, power hungry people in the world wouldn't just cease their desire for control because Bitcoin is "supposed to be decentralized"...they would find ways to manipulate it. To treat it as there own. To mold it and direct it for their benefit. It's human nature.

Bitcoin should serve as this quiet alternative to fiat, that way it can always thrive.

The EU has shown that if you have a monetary union, without a political union, problems are bound to crop up.
Countries like Greece which could have benefited from fiscal stimulus and depreciation of currency don't have the room to implement it. So countries will be wary.

The EU is an object lesson in how much of a bitch it would be to be workable and that's a bunch of countries with broadly similar outlooks in the same geographic area.

Yes, it's called the European Union, no? Is isn't the EU essentially and international reserve bank (among many other things)? It's a good case study to see how these things work - the successes, the synergies, and the challenges. For example, the power of the EU is great. However when one major nation's economy starts to fail there's an impending obligation to cover those losses fro the other countries. That obligation may not be so welcome.

In international politics the unveiled NSA spying has at some point been thought about by most every government. With that kind of intrusion by foreign states already in their conscience, why couldn't the political atmosphere there support an efficient economic monetary approach using bitcoin.

Would a collective partnership of sovereign countries whose taxation and economic policies are similar, but for whatever reason not  effective, consider an International Reserve Bank type package based on the blockchain? Is anyone already working on this, and if so how do I get involved?