[P2P-F] "Currency Wars" ?

[Michel Bauwens]

tere, do you have the page numbers or secion headings 4 that?

On Sat, Nov 12, 2011 at 5:51 PM, Tere Vaden <Tere.Vaden at uta.fi> wrote:

> Yes, the possible centralization (and physical capture) of gold seems
> to be one of the reasons that gold as currecy (or gold-backed
> currency) goes relatively tightly together with imperial and
> expansive-aggressive regimes, as David Graeber points out in his book
> Debt.
>
> Quoting Dante-Gabryell Monson <dante.monson at gmail.com>:
>
> > 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 <10natalie at cox.net>
> wrote:
> >
> >>   Rikards is excellent. He?s also very Christian and a Goldbug. Kudos 4
> >> being broad-minded.
> >>
> >>  *From:* Dante-Gabryell Monson <dante.monson at gmail.com>
> >> *Sent:* Thursday, November 10, 2011 3:52 PM
> >> *To:* econowmix at googlegroups.com ;
> >> p2p-foundation<p2p-foundation at lists.ourproject.org>
> >> *Subject:* [P2P-F] "Currency Wars" ?
> >>
> >>
> >>
> http://www.youtube.com/watch?feature=player_profilepage&v=rAPM7syIcts#t=1040s
> >>
> >> 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/ref=sr_1_1?ie=UTF8&qid=1314198116&sr=8-1
> >>
> >> 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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> >>
> >>
> >
>
>
>
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