0 votes

Competing currencies

How would this work exactly? If we were to introduce competing currencies tomorrow wouldn't that lead to dismissal of the dollar which would result in chaos all over the world including the US.

Your thoughts?

I wish Ron Paul could explain this some time, it worries me that when he introduces things like this without explaining it properly that might intimidate or alienate voters.




Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

I made this handy guide...

Fighting for Money Freedom

http://bit.ly/oW1I61

-------------------------

austinpetersen.com

Nice vid...

:)

.
~wobbles but doesn't fall down~

Ron Paul vs Bernanke: Is Gold

Ron Paul vs Bernanke: Is Gold Money? - July 13, 2011
http://www.youtube.com/watch?v=2NJnL10vZ1Y

Gold is still money for banks. See 4:00 and on specifically, and the whole video.

And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

Wouldn't it lead to rejection of the dollar

Wouldn't the introduction of competing currencies lead to people rejecting the dollar, which would lead to the destruction of it, which is what Ron Paul said he would like to avoid.

http://www.wisconsinrepublic.

http://www.wisconsinrepublic.org/goldbill.jpg

Not if you back it up with gold and silver like the Constitution requires.

This particular certificate shows the way it is suppose to be.

And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

When did RP say...

he is trying to avoid the destruction of the dollar? RP has recently suggested the US default on our monstrous debt. That would essentially be destruction of the dollar. We've done it before. The dollar coming out of the Great Depression was not the same dollar as going in. We started over.

Commodity currencies WOULD destroy fiat. But that would be a good thing. :)

No matter what happens it is going to be painful. The longer we float the current system the more painful it will be to recover/start over...

.
~wobbles but doesn't fall down~

look at it this way.

All Civalizations have had competing currencies from their beginnings.Tool metals,Chickens,Textiles,labor,Grains,Etc. These were all regarded as currencies from the beginning of recorded civalized man,One Chicken is not equal in value to one grain of wheat so an exchange rate must be used.Been this way forever.

If I disappear from a discussion please forgive me. My 24-7 business requires me to split mid-sentence to serve them. I am not ducking out, I will be back later to catch up.

The currency...

with the longest track record in the history of Europe?

cows

moo :)

.
~wobbles but doesn't fall down~

LOL!,But what is the going exchange rate?

Oh yeah, I forgot Cows!,LOL!,Do you happen to have the current exchange rate with Chickens?

If I disappear from a discussion please forgive me. My 24-7 business requires me to split mid-sentence to serve them. I am not ducking out, I will be back later to catch up.

You do know there are several

You do know there are several local currencies are already right this moment in circulation in USA right? http://en.wikipedia.org/wiki/Local_currency

The only thing that would change if legal tender laws and if capital gains taxes would be repealed is that the dollar would no longer be favored vs all of these already existing currencies in use.

How did trade exist before

How did trade exist before the US dollar (which is now the federal reserve dollar)? All nations used gold and silver. This goes back only a hundred years, and it also goes back thousands of years.

The Constitution is pretty clear when it says that no state shall make anything but gold and silver coin a tender in payment of debt, and that one of the specified powers of the Congress is to coin money and regulate its value (Article 1, Section 8).

So there is your answer. It's right in the Constitution. Gold and silver. Real money has real value. Real money is not printed and it's not created by a computer entry. We will return to gold and silver, but the question is when. As long as we continue to use fiat currency, we will continue to have our wealth stolen.

This is not an American problem. The people all over the world have been swindled over the last century by governments and central banks. This will not go on forever. Eventually the world will return to gold and silver, and when it does, politicians and bankers will go into hiding.

House of cards...

The $ is so overprinted and the US is so deep in debt that there is going to be chaos when we default. All the countries of the world are scrounging up as much metals as they can in preparation.

The Great Depression did not ease and begin to fade away until all the countries of the world revalued their currencies and propped them up with metals. This is exactly what the countries are preparing for now. As we begin the rebuilding phase for our currencies we can let commodities compete as currency...

.
~wobbles but doesn't fall down~