Getting started
indexed...@sbcglobal.net
worldcurrency(WC)
I don't like moderated boards. I think a board owner should remove
members who go out of bounds and remove their messages.
The ultimate WC would be perfected computerized barter.
An immediate tool to accomplish the ends of WC is, in my view,
greenbacks within any nation -- like Channel Islamds debt-free money in
Jersey and Guernsey.
My initial objectives for WC include zero-poverty, zero-unemployment,
minimum polution, minimum likeliehood of world war.
I would like to hear from the members what they have in mind at the
moment -- and what they have in mind for the near future.
I am new to googlegroups. How do you like it?
Sam
I think the Reserve Bank should stop issuing currency and be abolished.
Instead, we could use stock (shares) to facilitate trade.
John Gelles
Below is a recap of all I know of WC google
group.
Are we three members? Who is the other one?
It looks like he is the owner of the group?
1. What about "moderated". Do we want it?
2. What about our purpose and objectives?
Should we list them out?
3. What about our private websites? Do we
all have one or more?
John
p.s. Shares of stock might make a good new money.
But the opening questions that started the group
aim at a more conventional approach to what-
ever the group is after.
===================================
===================================
On the WC archive site, http://groups-beta.google.com/group/worldcurrency/about
the following questions started this group:
===================================
With things increasingly going global, what about
currency? Does it make sense to have international
money or global currency? Who should issue it?
The UN? Or, will the US$ become the world
currency? What about the Euro?
===================================
===================================
John Gelles, indexed...@sbcglobal.net sent
in what may be the first message:
===================================
(I don't like moderated boards. I think a board owner
The ultimate WC would be perfected computerized
barter.
An immediate tool to accomplish the ends of WC
is, in my view, greenbacks within any nation -- like
My initial objectives for WC include zero-poverty,
minimum likelihood of world war.
I would like to hear from the members what they
have in mind at the moment -- and what they have
in mind for the near future.
===================================
===================================
Then "Sam" <sam.c...@gmail.com>
Sent: Tuesday, March 08, 2005 5:11 PM
Subject: [worldcurrency] Re: Getting started
===================================
Deborah
I am one of the moderators for this and other groups.
On moderation:
Currently, groups are still in beta and new features are still being
added. One feature I and others have asked for is the ability to switch
settings for individual members between moderated and unmoderated.
Currently, one can only set all members to either moderated or
unmoderated. The majority of messages being submitted to groups is
spam, the more so if a group contains spam, as specific words will
attract further spammers, who search for certain keywords.
Purpose:
The purpose of this group is to discuss the various aspects of world
currency, the prospects, etc. What are the scenarios? That a single
world currency will emerge? Or, alternatively, that a number of
currencies will co-exist and be used around the world? What would be
the impact and implications, the merits, benefits, problems, etc?
Websites:
I'm sure we're all interested in websites that discuss world currency.
If you know any good sites, please post details!
John Gelles
On moderation:
I know that email is not chat. Yet email delayed is email reduced in its potential to be fast. Spam is not a real problem for me. I
have usually been on several email forums and spam has been a constant 30% of new inbox messages. Most tip me off enough for a
delete without opening. The few I do open to read I delete at first glance. I hope we can all agree here to make this forum as fast
as possible. Of course the other great thing about un-moderated discussions is the feedback from yourself to yourself that the
message got through. this is, admittedly, a psychological thing. But, in its way, it's part of the email experience--and not getting
it is a bad part of that experience.
Purpose:
Narrowly, the purpose can be to want and work for a world currency. Since I never expect there to be a single currency, I believe we
can also want and work for a world money model.
Today almost all money is debt-created fiat money. This means that money is created by bank loans to a borrower -- and it is
made legal tender for all debts public and private according to law (i.e., fiat) -- if the central bank has covered the money so
created with legal tender it circulates after receiving it from its own mint or the mint of the sovereign the bank serves. This is
NOT the only possible model.
In the Channel Islands, a protectorate of the United Kingdom, on the islands of Jersey and Guernsey, the local mint issues money
directly to the government to be spent into circulation -- not lent into circulation. This makes all the difference: no taxes are
required to repay such money or to pay interest on unpaid balances on loans to government. Government thus has money for economic
development that it might not have if it had to borrow it first and collect taxes later. The amount of such "debt-free, tax-free
spending", as it were, must be relatively small. It is intended to fill the gap in investment financing that exists when people are
idle for lack of investment in jobs and production of needs.
So our purpose might be to improve the model on which money is created in the modern world. If that model were used to add
investments on dollar, yen, and other currency areas, we might see the end of poverty and unemployment in short order.
The euro is a special case. It does not have a national budget to augment. It serves many nations, none of which is presently
positioned to make debt-free investments on its own say so. But if the model were adopted by the dollar and the yen nations , we may
be sure, the euro would adopt it too and would empower all its member nations to spend some euros into circulation.
If the scope of this group's interest in less than world currency models, that is, if it wants something like the euro, say the uno,
a UN currency, then I would say to must wait to see how the euro does. My guess is that the euro cannot last -- that it will watch
the dollar change its model from a debt-based model to a production-based model; and then it too will change. At that point a uno
would be possible too, if the UN emerges as a popular political institution in future years.
Another possibility is the International Monetary Fund (IMF). The fund measures some investment needs in terms of SDR's (special
drawing rights). This is not a currency, but proposals for reform of the world's currency shortages have included new versions of
SDR's that might serve the same purpose as debt-free, tax-free money.
Websites:
Websites concerned with monetary and currency reform are numerous:
http://www.singleglobalcurrency.org/
http://home.iprimus.com.au/samfred/people-using-money.html
http://www.futureofmoneysummit.com/index.php
http://www.transaction.net/
http://nesara.org/main/index.htm
http://www.prosperityuk.com/prosperity/links/links.html
http://www.prosperityuk.com/prosperity/articles/caseref.html
The above merely scratch the surface.
How to use them effectively is another matter. If this google group lasts we may produce a valuable page of links and a practical
way to use them to good effect.
John
Deborah
Thanks for your informative response. Regarding moderation, I feel the
same as you, I can easily spot spam, filter it out, get it in my email
anyway and with my gmail account I've got sufficient capacity and tools
to deal with it.
However, groups are still beta and we've got to wait and see what the
terms will be in future. The owner may indeed decide to make the group
unmoderated in future, but for now the word is to hang on a watch how
things develop.
I've been around for some time and I remember how various services have
been brought down by spam, because they left things open and within
months their servers couldn't handle the amount of traffic. We'll have
to see how Google will deal with it, because it would be a pity if a
group with good messages and information was deleted because it
contained spam.
BTW, I like Sam's suggestion that stock would be a good replacement for
money. I would surely like to see that idea included in discussions
here. It's really up to all members to give their views on what should
happen with currency.
The Euro is an interesting experiment - yes, I still see it as an
experiemnt, because it hasn't yet had to deal with a bigger crisis, so
it still needs to prove itself. Will it indeed lead to less volatility?
Will other nations be inclined to peg their currency to the Euro?
Gest regards,
Deborah