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Ralph McNall's avatar

Steve - This is EXCEPTIONAL!!!

Steve Keen's avatar

Thanks Ralph. I'm getting ready to take on theories of international trade. This is a prelude.

Sandra A. Jones's avatar

The US's once honored democratic system of govt may not survive this felon tRump Presidency, let alone a US dollar-based international monetary system.

My understanding is the dollar is already being challenged by the BRICS nations who are fed up with the dollar dominance and are looking to alternative payment systems to replace it. The alliance is trying to introduce a new payment system called the "UNIT", a digital currency, which would be regulated and transparent. This is the currency they are proposing to get around the petrodollar. Who can blame them?

Steve Hummel's avatar

Excellent suggested new system...because it utilizes Gifting and (apparently) has known and enforceable barriers within which freedom actually exists, as opposed to current "free" market theoretics which is really just a framework for dominance By Finance within the current monetary paradigm concept for the creation and distribution of all new money which is Debt Only.

John Troughton's avatar

Must read and share