Comments on: The inevitable change in our monetary system?

By: A_koreman

A_koreman — Mon, 18 Jul 2011 23:00:46 +0000

Basically everybody knows that wealth can only be produced from work. In times of unemployment work is lost and poverty is the result. Our present monetary systems cannot lower government debt without creating high unemployment. This is because the means of exchange (money) is not similar to what it has to exchange (work and produce). Work or produce is lost when it is not used. Money is not. Therefore a new type of money with the possibility of bearing both positive and negative interest cannot be avoided if the problems of high unemployment and high government debt are to be solved. This new money is the Aurum. It's value is to be kept at a twenty years simple moving average (SMA) of the price of 0.1 gram (100 mg) of gold. But linking a new type of money to a broad commodity index or even to the SDR is also a possibility.
Every country can introduce the Aurum without any international agreements, but it would help if all countries would use the same basis. Please check how it works on www.digigeld.webklik.nl

By: Guillaume Lebleu

Guillaume Lebleu — Thu, 21 Jan 2010 22:32:37 +0000

Thanks for the comment. With regards to Haiti, It's nice to see money flowing faster where it's needed, but I'm looking at a deeper change. I wish every donor could receive a digital certificate of their donation, which they then could take to the businesses/retailers they go to and ask them to accept inlieu of regular money. In other words, circulating good deeds, rather than bad debts. Thanks for the quote too.

By: Piper

Piper — Thu, 21 Jan 2010 13:23:30 +0000

Oh, thank God you didn't write that first paragraph.. it was going to take everything in my being not to harass you about it, but indeed, encrypted scripture aside, we are facing unprecedented times and the way we use $$ must to evolve with society. I consider the 22M raised via text donation directly to the Red Cross in the first 4 days of Haiti's disaster wake and the 500K per hr raised via text during the NFL playoffs to be a sign of real progress with respect to currency. Could it be that the old systems create too much of a lockdown, unable to evolve with the every increasing speed with which society converses? Afterall, currency is meant to flow.. and I'm glad at least money reaching disaster relief agencies is not the issue over in Haiti..
And now for a fav' quote from an all-time fav designer ;)..
“My heart has always been divided between the vestals of constancy and the avatars of change”…. YSL