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Greenbacks & Bluebacks
The greenback represents the peoples money. It is commodity backed, and so the only way to inflate or deflate the currency would be to either aquire more or sell more of the commodity. The greenback will have to be fully redeemable in that commodity. This will happen at public, not-for-profit banks. These banks are essentially like the local credit unions we have now. The reason for keeping them non-profit is to allow interest rates to remain as low as possible. That, the more who borrow from the bank, the lower the interest rates. The real trick here is that the rate we pull the commodity into the greenback covers the little amount of inflation the low interest rates will create. Fundamentally speaking, interest should be a marker societies growth and that societies growth should be a reflection of the aquisition of the commodity. The greenback is then everything that we are use to, with the added security of being commodity backed. Simply, we may trade, we can save and we are paid in greenbacks.
The blueback represents the currency of commerce. It is a monopoly free fiat system that is a standard representation of free market financial sector notes. This means that some commercial bank notes may be worth more or less than others. And that the total worth of all the notes, from all competing currencies represents the worth of the blueback. Corporations, companies and businesses can use the currency to finance, investment, and trade with one another. Competing private banks then have to bid for contracts based on how sound their currency is compared with not only the blueback, but all other private bank's notes aswell. The inherited trait of the blueback then is self regulation based on the free markets need to remain in tandem with the greenback. In ideal circumstances, it will always be flexible enough to float in and around the value of the greenback.