Wednesday 8 August 2012

A currency : global or local device.


The US dollar era as a global currency will be over soon and the Euro is in big trouble……. Nowadays, Gold seems the most valuable global “Currency”. On the other hand, complementary currencies or private tokens can offer perfect solutions for local trade. Minting money is a sign of national sovereignty. In fact, a currency must be linked to a national, local, private  “PROJECT”. That’s the key word. A currency doesn’t need absolutely an intrinsic value but only an accurate use. 

 In a “money-debt” paradigm, deflation is a major risk. A currency must be a simple device. In deflation, almost anything can be used as money. It’s the reason i think a currency must serve a public or private project. In this stressful period, our modern societies need long term visions, ideas, common sense,  and creative people.  

Is there a good financial methodology for them ???
Can we create sustainable wealth without  infinite growth ???

I think so....

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