Sunday, May 20, 2012

Economy — March 11, 2010 20:07 — 1 Comment

Money, who needs it?

Solving the global economic crisis… How are we going to go from this recession to a growing global economy?

Step 1) Eliminate the Federal Reserve.

What? We need to move away from fake (Fiat) money. A report that surfaced back in OCT-2009 saying that China had been paid in fake U.S. gold bars (gold-plated tungsten bars) and that they were calling in these notes that were due in JAN-2010. According to a rumor there is not enough actual money to pay them back and the U.S. Federal Reserve is bankrupt. Here we are into FEB-2010 and still nothing has happened?

Step 2) Have universal debt forgiveness. There are enough toxic assets being passed off as real valuable notes. We have to eliminate all of this out of the old system. Already many banking regulations are being put into place to prevent humans from going backwards again into this deception that is stealing the money from the world. Let’s just wipe everyone’s slate clean and start over.

Step 3) Begin using a new basket of currencies based on tangible assets (like gold) … Many other countries have begun the transition into new currency systems and the US dollar is falling out of favoritism. Even the price of oil is no longer being expressed in dollars per barrel (find ref for this!). Countries are distancing themselves from the US Dollar in preparation for what they see coming… as the faith in the dollar collapses.

(Conclusion)

If the US Dollar failed, what would Joe Consumer do? Well we already have ideas like barter and trade and things like local currency exchange that do work. And local economies have been proven to thrive without money… the average citizen might be in for a scary ride, but I’m convinced this will be very temporary as the world makes the transition. And I’m confident that people will reach out to their neighbors and share food.

And as new technologies like free energy are put into place, the need to use money will eventually become obsolete.

One Comment

  1. Collin Ferguson says:

    My impression is if the dollar collapses, rural communities will sustain themselves since they have access to resources that are not available in urban or suburban communities. Our cities are in trouble, as the financial system that keeps urban settings functional will not be available. Therefore, alternative financial systems and urban living arrangements must be discussed.

    Great article!

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