Sure - thanks for reading. Yes, personally, various views can be of interest, even if only for understanding, or questioning. As for gold, I am personally ok with gold backed currencies for certain complementary currencies for those who choose to use them, but on a large scale, I do not wish to go back to a gold standard, because there is a very limited amount of gold in the world, and this makes it easier to centralize control, hence easy to control a monetary system backed by gold, by buying ( or taking by force ) gold reserves. Hence I personally support a hybrid - networked approach, with a variety of solutions ( some providing community and/or local economic resilience, others easier for global trade, ... ) , as to avoid monopolies in relation to some specific currency or financial/economic system. On Fri, Nov 11, 2011 at 3:14 AM, Natalie Golovin <[email protected]> wrote:
Rikards is excellent. He’s also very Christian and a Goldbug. Kudos 4 being broad-minded.
*From:* Dante-Gabryell Monson <[email protected]> *Sent:* Thursday, November 10, 2011 3:52 PM *To:* [email protected] ; p2p-foundation<[email protected]> *Subject:* [P2P-F] "Currency Wars" ?
http://www.youtube.com/watch?feature=player_profilepage&v=rAPM7syIcts#t=1040...
Financial War Game :
"Using Stocks, Bonds, Currencies and Derivatives to fight a war... "
"Fiat - Organized theft, giving it to the elites"
"Europe can not pay its debt, but you can print some SDR's... "
http://en.wikipedia.org/wiki/James_G._Rickards
http://www.amazon.com/Currency-Wars-Making-Global-Portfolio/dp/1591844495/re...
SDR :
http://en.wikipedia.org/wiki/Special_Drawing_Rights
///
http://en.wikipedia.org/wiki/Currency_war
*Currency war*, also known as *competitive devaluation*, is a condition in international affairs<http://en.wikipedia.org/wiki/International_relations>where countries compete against each other to achieve a relatively low exchange rate <http://en.wikipedia.org/wiki/Exchange_rate> for their own currency<http://en.wikipedia.org/wiki/Currency>. As the price to buy a particular currency falls, so to does the real price of exports from the country. Imports become more expensive too, so domestic industry, and thus employment, receives a boost in demand both at home and abroad. However, the price increase in imports can harm citizens' purchasing power <http://en.wikipedia.org/wiki/Purchasing_power>. The policy can also trigger retaliatory action by other countries which in turn can lead to a general decline in international trade, harming all countries.
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