How the money creation by credits can be effective in an unstable country , without creating inflation ?? the lack of loans forces the central bank to create more and more paper money ..
Nowadays, Afghanis (see pictures) is backed by US Dollar, itself backed by the Saudi Oil, backed by US military forces ….. Not in stable situation is an unstable country !!!!
(Banknotes from my own collection)
How will be the situation there after the End of the Dollar Era ... soon???
President Karzai could back the Afghanis by the massive mineral resources … like the Germans did in in the 1930’s with the Rentenmark, a currency backed by the industrial goods.
Mineral resources have a price which can be fixed comparing with a basket of currencies !!! So, the money supply created would be tangible !!!
After, why not created provincial banks, chartered by the State with the right to create a local currency convertible in new afghanis ??? A such bank would lend its own currency at 0% to manage local projects and would be paid on the wealth created !!!!
REFORMING THE MONETARY SYSTEM, IT MEANS REFORM THE HUMAN RELATIONS !!!
PS : don’t
forget to follow our experimental banking uchronia to understand well this
methodology http://www.banktoba.blogspot.fr/2013/09/the-state-and-currency.html
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