from: Hiro
to: [email protected]
date: Mar 20, 2008, 10:29 AM
subject: The Nation Builder Blog
This is Hiro. I read your blog about global currency. It looked like you presented two different views, one CFR and the other Ron Paul.
I have three main questions on this. The last question is the most important.
1) What are the differences? Both seem to like the idea of one global currency, but CFR likes fiat and Ron Paul likes commodity based. Is that the difference?
2) The differences aside, what is/are both sides reason(s) to have one global currency? In other words, what is wrong is today's national currencies? Or, what is the ideal currency?
3) What is money? I think this is the most important question because without knowing what money is, you cannot think of what ideal money is. Without knowing what ideal money is, you won't know what's wrong with today's money or you won't be able to design a better money system.
Let me know what you think.
Hiro
From: Hiro
Date: Sun, Mar 23, 2008 at 8:13 PM
Subject: Re: The Nation Builder Blog
To: Ryan <[email protected]>
Ryan,
So far, I have concerns about this idea (below). I think a global currency is too dangerous. I like the idea of competitive currencies, something that diversifies money issuing power.
In general, I'm cautious about gold because from what I heard, bankers controlled it. But, it's less control than today, so it may not be too bad. I'd think that the ideal money is something universal, yet, the issuing power is very diversified. Gold may be it, but I am not convinced, yet.
I'm wondering, perhaps, something more unstable is better, so that people will be on their toes. In other words, something that constantly remind people of the collectivist threats.
A couple of responses (by the same person) at Daily Paul are very insightful.
http://www.dailypaul.com/node/43752
"5) Evolve the banking system from a fractional reserve system of fiat currency to a global currency that is a gold or silver backed asset and has a stable exchange rate but still has an independent economic value."
On Sun, Mar 23, 2008 at 9:35 AM, Ryan <[email protected]> wrote:
Hiro, very interesting.
You should stop by sometime. I moved to 63rd and Federal (Aloha Beach). We are also having a party next week to hand out 1000 to 2000 Freedom to Fascism DVDs to be distributed at post offices on Tax Day 08 (4/15).
Check this out about have individual economic value within the countries -
http://unitedelite.net/realnwo.html
I wrote that several years ago.
Ryan
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