Wednesday, September 20, 2017
Golden ground
I made a basically valid analogy in previous post about the BRICS abandonment of the dollar, moving to a gold-based currency system.
Gold is a ground point, a universally agreed zero origin.
Central banks are a fake ground, based on a fake "value" created from nothing. Because the number can be moved any time the Tribe wants to move it, all other nations must constantly adjust their own economies to Ben and Janet's momentary whims.
Let's see if I can stretch this analogy to the breaking point as usual.
Start here:
A properly functional and independent national economy has a natural floor and ceiling of total activity, based on population and skills and resources. The natural floor and ceiling move in a natural way when those three variables change. When skills and production methods improve, more real value is created, so the money supply naturally increases, and the unit of currency remains basically constant.
When the unit of currency is forcibly hardwired to Ben and Janet, the natural feedback loop is busted. B and J can alter the exchange rate at any time without any change in the country's internal skills and resources. If the country wants to continue exporting, something else has to give way.
Because B and J know exactly what they're doing, the adjustment in other countries always ends up serving the interests of B and J. Sometimes the adjustment means total devotion to sweatshop labor, sometimes total devotion to oil production, sometimes total shutdown. The crime varies but the crime is always destructive.
Graybill.
Using a universally agreed standard like gold SNATCHES POWER AWAY FROM BEN AND JANET. Each small country can make its own internal and external arrangements without worrying about an aggressive external shift in the methods of communicating and transacting.
Gold isn't the currency, it's the GROUND POINT for commerce.
Commerce on solid gold ground:
Commerce with the Tribe standard:
The same effect occurs inside the country ruled by B and J, except that the exchange rate is not the primary twister and turner. Instead the dizzying shake-n-bake comes from interest rates, regulations and litigation, all fully owned and forced by the same Tribe that forces exchange rates externally.
Commerce with the Tribe standard:
The same effect occurs inside the country ruled by B and J, except that the exchange rate is not the primary twister and turner. Instead the dizzying shake-n-bake comes from interest rates, regulations and litigation, all fully owned and forced by the same Tribe that forces exchange rates externally.
Labels: Metrology, se-lu, skill-estate
¶ 7:34 AM
