From the origins to the years 1800’s the world GDP has been increased annually very slowly …. The financial tools introduced in economy, created a lot amount of money out of air…. And the world GDP skyrocketed !!!
- With a very low GDP growth, Gold and silver as money had a sense. It was relatively easy to find the supply of precious metal, necessary to mint coins.
- With a high GDP, "money debt" is necessary … because there is not enough supply of tangible assets.
What to do now in 2013 ??? the world has an enormous monetary supply , but very few tangible assets…. And no more growth worldwide !!! and especially in the western countries.
- First of all, Give another meaning to wealth …. Wealth represents tangible assets, health, a secure environment and good relations.
- Secondly, Tokens , without intrinsic value had been always very successful in economy, because they was minted TO BE USED, not to be hoarded.
- Natural resources are not unlimited …
- Creating money by loans means dependency …. Dependency is a modern slavery !!!!.
- In the 1930’s in Germany, the Rentenmark were backed by industrial goods ….. So, we think anything can back a currency , because the most important, it’s EXCHANGE, not hoarding …..
- Never enough physical Gold and silver to mint coins, Never enough working abilities to pay all the debts !!! Both systems “money value “ and “money debt” have big weaknesses.
- Silver is a underrated commodity , because of its massive use in industry ….
The wealth pyramid here shows clearly an unsustainable situation : http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2013/06/CS%20wealth%207.jpg
Creating a paper money and others derivatives with the same value that physical « Gold money » has been a true mistake, two hundreds years ago ….The need of cash could be filled by the banks with ""second currencies"", focused on some specific purposes !!!
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