The Dollar Needs To Be Replaced but with what?

how can we have economic recovery if the dollar keeps drowning us in debt? As long as we use the dollar this debt will never go away and the fed knows that.

but what could replace the dollar? gold bars? electronic credits? microchips? I really have no idea, that's why I'm asking you guys.

Star, and flag, just cuzz I can.... Check out what Russia, and China are doing with currency baskets.

The world doesn't revolve around the States......anymore.

The currency baskets they are MAKING have numerous metals backing them, and are real solid coming currencies.....

What it means is the eventual hard death of the World bank, IMF, and The PRIVATE Fed.

The dollar doesn't need to be replaced, it simply needs to be the proxy which the base of is either Gold or Silver.

Bring back the Greebach, that was the ticket. Shut down the Reserve, that's the only problem America has as far as the dollar, it's that it's regulated by a corporation and not the people.

~Keeper

Rocks.

There will be plenty of it to go around, and no one will ever go hungry.

There, problem solved

Gold. Gold coins with Obama's picture on them. They could be made in Kenya, but stamped in Hawaii.


-sorry, long day on ATS, too much seriousness goin' on!-

The DOLLAR does not to be replaced.

The DOLLAR need to replace the FEDERAL RESERVE NOTE!

America needs a currency that AMERICA OWNS. NOT some 'note' or 'token' we 'rent' from a private bank cartel, as if it was a privilege to do so.

It would be wise if we backed up the dollar with something REAL instead of 'virtual' credit; but ... one thing at a time.

I was thinking something like they had in irobot. whenever you make a purchase a scanner scans your card or microchip or whatever and credits get removed, no bills needed.

reply to post by Chovy


I actually have designed a cashless system in case SHTF I can present it to the community. It works in reverse of the current system.

In essence, a individual person starts with a zero balance of points. When they buy something they transfer a point from their account to the sellers account. A person has a certain amount of points they may go into debt which is equivalent to what it takes to provide basic necessities of life. When a person works for someone else, points from the employer account is transferred to the individual doing the work.

Governments role in this is interesting. Any debt they make are points created. The governments role is to assist in employing people for public projects that benefit the community. Thus when they hire someone and pay them 100 points to do a job, the government has a positive balance. At the end of the year, all points generated by the government are returned to the people evenly distributed back. The government starts the new year with zero points, and repeats.

In this system there is no tax. All government projects expenditures are returned to the people in a form of relief. Government's role is to manage the economy to prevent unemployment by approving needed projects for the community based on the unemployed available to fill those roles. There is inflation however this inflation can be checked by revaluation of the point worth.

Okay well we know what a fiat currency is right. That's sort of like what we have now but different slightly. A fiat currency is just paper or something else, but it's not really worth anything. It's just ordered by the government to be worth something.

Okay but it doesn't matter what you replace the dollar with or if you do at all because a fiat currency is a fiat currency. It doesn't really matter what design is printed on the front. It's still just paper.

It works just like monopoly money. It's only worth something when you're playing monopoly. Any other time it's just paper. The only difference is that in real life you're playing monopoly 24/7 so it's always worth something. But the design you put on the front of the monopoly money doesn't really matter because the money wasn't worth anything anyway. It was just used to keep score. Same with the US dollar.

All that matters is how much of it you have. If you have too much it becomes so easy to get that people have so much they won't work for it anymore. This is called hyperinflation. Prices shoot through the roof.

If you have too little there's not enough going around to buy anything so prices fall because nobody is buying anything. That's deflation. That's what we have now because the banks aren't loaning money so nobody can get their hands on it to buy stuff.

So the stores have to lower their prices to compete. But that's a problem because all businesses already took out loans in the past. They can't just lower prices forever and still pay off the high dollar loans they'd already taken out before the deflation. Eventually the stores can't lower their prices anymore, can't pay their loans anymore and they go broke.

You see, so I've heard a lot about a one world currency. That's about the worst solution you can have. If that one world currency, if the world government goes broke, and it hyper inflates you're screwed because prices shoot through the roof, but there is no other currency to convert your cash into to to start buying things again.

If the world government decides to stop printing it then nobody can get their hands on the one world currency and they all starve to death. In other words the one world government would have complete control over everything. Just stop printing money and then put everyone in jail for not paying taxes because they can't because the one world government won't print money. They could kill half the world off in a matter of months.


What you need are multiple currencies that compete with each other.

So, you wouldn't want to get rid of the US. Dollar. What you'd want to do is create three or four other currencies that all look the same except maybe on the back right corner they'd all have a slightly different mark. But they wouldn't be regulated by the fed or the US government. Each one would all be regulated by different states or entities.

Everyone would use them just like they use a US dollar now, but if whoever regulated one tried to print too much and hyper inflate that currency everyone could just convert that for the other US dollars that weren't hyper inflated.

Then stores might stop taking one kind of the currencies if it became too inflated. Then you couldn't use them anywhere and so nobody would want those. So they would become less popular and thus harder to find. The harder they are to find then they start to pick up value again and eventually when they've picked up enough value they can be used as currency again. See, in a multiple currency situation like this, all the other currencies act as an insurance policy for each other. One gets out of whack you can fall back onto another one.

This is why people are telling you to buy gold and silver. Insurance for when the one currency goes crazy.

Basically what I'm saying is a single currency is the cause of all this. We need multiple ones that can compete with each other so when one goes to crap you can just buy another one and switch to that one before it goes too far out of whack. We need a currency that has to compete in the market so that the market can regulate it basically.

However, when it comes to the debt. The US debt can never be paid because we're all broke. The only things we have in our accounts is worthless paper right? Also, the debt is higher than the amount of money even in print.

It can never be paid off. You'd have to borrow it to pay it and then you'd still owe it. At some point we will have to default on it or simply roll the presses and pay it off with worthless hyperinflated currency which is basically the same as not paying it at all.



[edit on 3-8-2009 by tinfoilman]

mixed metals of silver and gold as is mandated by the constitution.

it must be a mixed metal standard because gold alone is too easily cornered in the market by the central banks.

with silver in the mix, it prevents cornering of the market.

How about replacing the Dollar with the "Hour".

a coin that equates Time with Money.

reply to post by Chovy


I like the idea of the AMERO as long as MEXICO and CANADA become States and swear allegance to the flag of the UNITED STATES of AMERICA... and conform to the Constitution of the UNITED STATES.
and the houses vote and grant state hood if their peoples so elect.

reply to post by Donnie Darko


but then the harder one works the more one would earn... politicians would go hungry...

Originally posted by BornPatriot
reply to post by Donnie Darko

 

but then the harder one works the more one would earn... politicians would go hungry...