Thursday, February 25, 2010

Time for a new currency

The Chinese and others are calling for a new currency.
Yes! Great! but you cannot allow an exchange rate between the old dead USD,EURO,Sterling currencies. I'll gotten gains from economic terrorism cannot be allowed in any new currency. Therefore normal people who create wealth should be allowed a 1:1 exchange rate indefinitely, Those who have vast fortunes of ill gotten gains would have exchange rates 100,000:1.

Not many people are alive that remember the collapse of the Reichsmark. It suffered the same fate as its predecessor the Papiermark. Hyper inflation caused by incompetant management and greed caused the currencies to become valueless.
It cost trillions to buy a loaf of bread. That is exactly what the capitalists have done to the old currencies. When a currency is so scarce that common people cannot use it it becomes worthless. Wealth hoarding by people who usurp the people who create value caused this and have caused the same situation again. The next holocaust will not be against the Jews it will be against the poorer swathe of people on this planet. The next prejudice will be the haves hating the have-nots somehow treating them as a lower race to be despised. However, when that happens that will be their own undoing. Without the common man creating wealth, fixing machines, building things the value destroyers will be destroying themselves because they have no real skills.

Lets create a global currency, without central banks, print it on your printer and use it. "I promise to work to create enough value for the bearer to the sum of...."
Once it reaches critical mass it will crush the old currencies and become a new benchmark. Its just a belief system. Look at gold. Its just a piece of metal. People believe its worth extra value because it is scarce and a "safe haven"
Once people believe in a new currency it will be accepted everywhere.

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