Replies

” The test coin “means they’re getting ready. I think it’s a good sign that we understand how interdependent we are.”
“

Ok ladies, just who is “they?” And “they are getting ready” for what exactly?

And just what gives them the right/authority to issue money through a reserve system for all countries? Their say so?

“They” might be a bit disapointed.

Unless it is gold or silver, which would make it kind of like reinventing the wheel, one would have to convince folks to accept it. Around here, it some joker is trying to pull a fast one with folks money, things get ugly REAL fast...

(1)As for who "They" are i would vote for Soros. There would need to be a couple of big countries, with solid economies, in on the deal. They trade their nations solid currency in exchange for power over most of the world's economy.

China and India could pull that off, but I don't know if they would want to. But for sake of argument lets say they could. The establish an exchange rate between the NWC and the Yuan. Then they say that they will buy US debt, but due to the fiscal irresponsibility of our government all loans must be denominate in NWC instead of dollars. We did this to South American countries all the time. All the loans were payable in US dollars so that they couldn't inflate away their debts. So the US government has to start doing business in NWC.

(2) How would you get average people to accept it? Well if your choice was between using the Euro or the Zimbabwe Dollar which would you choose? There was a post earlier today talking about 20% inflation. Now when that happens you will rapidly find stores willing to accept a new currency so long as it doesn't drop in value between when they take it and put it in the bank that evening.

(3) Now the US Government is in hock to China and it desperately needs NWC to pay back the loans. Since business started using NWC in section 2 they have reserves of NWC in the bank. So the government starts to collect taxes in NWC so that they can pay their loans. (4) US currency becomes the equivalent of the food stamp. Only certain stores will accept it, and then only for limited, government controlled items. This is how it works in most third world countries where the local currency is used only for incidentals, and all real business is done in Dollars or Euros.