After reading wub's post, perhaps we're not as far away fom being able to cope with a wildly fluctuating digital currency as i thought

maybe the only way to have a truly stable currency is just that. it would swing like fuck for a while but pretty soon people would realise they couldnt actually fek with the currency and it would stabalise numerically

andyh wrote:
If it's that simple what's the hold up?

.......... wrote:
We're basically waiting for 50% unemployment and mass starvation in the streets.

andyh wrote:
Not in Ireland...

Maybe what dawn mentioned about two currencies could work.have one internal currency that can't be traded ogerseas and then a buffer currency for international commerce? The buffer currency could be left to swing wildly in response to any external exchange rate machinations leaving the internal currency balancing with population, supply and demand etc?

.......... wrote:
Dunno why you think its different than anywhere else.
They won't revolt until they're literally starving. Same applies all over the world.

dubmeup wrote:
Depends what you have to export and the demand for it.
The US also have an embargo on them anyway and I would expect the same treatment from neighbors anywhere this side of the pond too.

AFAIK N.Korea is the only other country with no FR banking.

dubmeup wrote: This is quite an interesting idea in principle.

IMHO the most important thing is to get lots of like-minded people together and demonstrate the value of working together. This is very hard to achieve which is why I'd like to see some of these people that have a huge public platform doing something to work towards it. If you looked at Amish communities, for example, they will be fairly immune to currency fluctuations because they will find a way to muddle through together. I'm quite certain you will also find far more happiness and contentment in their culture than in our 'sophisticated' Westernised urban society. I'm not saying you have to give up electricity and grow a beard! But what you're talking about - ie. consensus - is really important. That's why the corporate elite have all these meetings like Bilderberg so that they can bring viewpoints that might be disparate to a consensus.

It's very difficult to organise this among the general population because as I said previously they value the existing socio-economic paradigm, or aren't smart enough to know that it exists, or both.

So, in the quite possible consequence that a region, state or whatever that chooses to address currency unilaterally will be sanctioned and maybe bombed, is it the case that this will have to be an arab spring type thing? Where a whole raft of regions, states or whatever go at it concurrently?

dubmeup wrote:
Absolutely yep.
'Nationalist' unilateral solutions won't work unless its the USA,China or Russia basically. Even then it'd be a gamble.

If thats the case andy, it rather mitigates the threat of overseas pressure on local currencies doesn't it. Could go either way like most stuff i guess though.

Edit: it's certainly a potential and inevitabe influencing factor to consider

dubmeup wrote: I'm hoping Bitcoin will take off. I'm still learning about it and I wouldn't like to say that I endorse it until I've had chance to research it properly (which I never get chance to do because I'm always working to earn that phony money with the queen's head on). But I'm seeing it gain a bit of traction.

www.businessweek.com/articles/2012-11-29...al-currency#r=shared

There is tonnes of information if you want to read up on it, or watch videos, but there is a short video about it here:



Keiser is probably my favourite 'alternative media' figure because he actually does stuff, and tells other people that they can do stuff. Despite the fact that he has absolutely no need to do this whatsoever because he's quite obviously financially secure for the rest of his life.

dubmeup wrote:
To my mind, the small scale time banking and LETS schemes or just plain old swop shops from grassroots is probably the only way to go, along with co-op biz but there are many pitfalls on startup of such things.
The worse things get ironically enough the more likely they are to succeed.

Again the elite know this, and IMHO at least I doubt they will let things get that bad before they introduce the magical 100% digital currency, abolish top level debt and start the crap all over again, only this time there will be no way of avoiding taxation and eventually no black market as all trade will be tracked. Their own trade will be the exception ofc....

Feks sakes. I hereby withdraw my support for the use of currency...

dammit andy you are usually right about shit too.

dawnbreak wrote:
I was lent a copy just recently funnily enough, thought I'd give it a go for curiosity's sake.

Boring bollocks just about sums it up, seriously.

andyh wrote:

I agree that it's important for people that don't like the system to go grassroots and co-op.

The last thing anyone should do is wait around for a system to crash that's not going to crash.

diamondgeezer wrote:
Sounds like the book I read.

That was a long summer!

Fractional reserve banking does not actually create more money or money out of nothing....it creates debt.

Each bank is given a ratio that states how much they can lend based on the deposits it has on balance sheet. The ratio's vary from bank to bank and are based more or less on 'credit scoring basis' so if you are a 'reputable' bank the ratio you will be able to lend might be 1:4 but if your a bit of a dodgy bank/fledgling bank it will be 1:1.5

If not sure money as a means of exchange will ever be replaced however the abuse of money by the banking system is something that could change (but wont)

andyh wrote:
I don';t think it is, you don't really explain how apples go from being "all over the place" or created out of thin air, to there being a shortage of apples and nobody having any. How did that happen?