[P2P-F] "Currency Wars" ?

[Mark Janssen]

On Fri, Nov 11, 2011 at 4:48 AM, Dante-Gabryell Monson
<dante.monson at gmail.com> wrote:
> 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.

Hmmm, personally I like the idea of a currency tied to the Earth -- it
makes the system less abstract, and perhaps even self-organizing.
Being able to reproduce currency easy doesn't necessarily make it
better (that's one of the grives of the #occupy movement against the
Fed).  It's limitedness is what gives it value.  As for the idea that
its limitedness making it easier to control, I don't think in the
history of the world that there has ever been a gold "resevoir" that
made such a danger likely.  As far as I know, most gold is extracted
piecemeal from thousands of sources, probably because the way it
originates from stars and gets distributed widely.  But, to be sure,
it does "stack the deck" in favor of those who find it, but it takes
work -- there are few "gold tycoons".

I would love to see gold coins in standardized weights used for a
world currency, with each nation printing their unique traits on their
own versions.  How awesome would that be --  to be handed a gold coin
from Namibia when you get your change from the laundromat and have it
be perfectly legal tender?

marcos