Graeme said:
"Tom Greco (hi Tom) suggests a
"basket of commodities", but the zen of it all, is that the biggest basket,
obviously the best measurer, is the market itself. Think about it."
I have thought about it and the trouble with markets is that they are rigged
by back room manipulators. The idea of a free market is a myth, except perhaps
in vegetables. And, by the way, money is not a commodity.
Regards,
Helge
> From: telergy@bigpond.com
> To: socialcredit@elistas.com
> Date: Fri, 27 Mar 2009 15:27:47 +1100
> Subject: Re: [socialcredit] Chinese Monetary Reform: Please check the website
>
> I agree William
>
> The nature of the money system is that the units of a currency are of value
> because people think they are. That "legal tender" is required to pay tax
> gives cause for people to believe that the units of money really do have a
> certain value.
> Reading the Chinese perspective, it's as if, after nearly a thousand years,
> they still believe that the khasars really did have sufficient gold tucked
> away somewhere, that matched the money they used to "control trade" on the
> Silk Road.
>
> Many western commemtators call for "gold backed" money, but that would
> simply remove most gold from the market. Tom Greco (hi Tom) suggests a
> "basket of commodities", but the zen of it all, is that the biggest basket,
> obviously the best measurer, is the market itself. Think about it.
>
> The de-facto reserve currency, the US dollar, was/ maybe still is
> underwritten by wars of aggression, should a nation attempt to sell oil in
> other currencies. So it's given value by people, because it buys oil.
> Besides, god only knows how many trillions of printed US dollars fell off
> the back of troop trucks whilst overseas, so the US dollar is not a good
> base measure, since we don't know how many already exist before the banks
> start creating and extinguishing new money over the top.
> The unknown quantity of US dollars floating round the planet surely suits
> mafia, triad and cia type orgs.
>
> that's my two cents worth
>
> cheers
> Graeme Taylor
>
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