$this->bbcode_second_pass_quote('Subjectivist', 'h')ttp://en.wikipedia.org/wiki/Terra_(currency)
I think this might be the future after all.
PeakOil is You
Bank Closures/Devaluation/New Currency
Re: Bank Closures/Devaluation/New Currency
by Outcast_Searcher » Fri 31 Jan 2014, 14:48:37
An empty reference with the word "Terra" in it to be what, scary? Really? You're reduced to this as "discussion" on the topic?
Ah, OK. Thanks for the "information".
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Bank Closures/Devaluation/New Currency
by Outcast_Searcher » Fri 31 Jan 2014, 14:54:57
$this->bbcode_second_pass_quote('EdwinSm', '
')That said... if you do need to build up a cash stock (in case of collapse etc) do it slowly so as not to draw attention to what you are doing. Another warning from this story is that the changes to the limit of cash withdrawal were done without warning or notice.
')That said... if you do need to build up a cash stock (in case of collapse etc) do it slowly so as not to draw attention to what you are doing. Another warning from this story is that the changes to the limit of cash withdrawal were done without warning or notice.
That's correct. For one thing, the tax authorities don't like large amounts of cash, assuming they are for illegal activity. (The IRS publicly says they track (and demand bank records for) ALL checks for $10,000 or more, for example. I wonder what their threshold is for cash withdrawals?)
Despite all the frequent bashing of precious metals by many on the left, this is one very legitimate reason for holding some of your wealth in such metals -- as a diversification strategy, and to have something available if the banks go on an "extended" holiday during a financial panic.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Bank Closures/Devaluation/New Currency
by Outcast_Searcher » Fri 31 Jan 2014, 14:58:44
$this->bbcode_second_pass_quote('billg', 'H')ere is the inside story about the coming bank holiday:
http://www.financialsense.com/fsu/edito ... /0716.html
http://www.financialsense.com/fsu/edito ... /0716.html
How long does it take not to be "imminent"? It's been 4.5 years since this was written, with no sign of such a thing in the US.
As long as it takes the doomers to stop predicting the next "double dip" (discussion forums ongoing on this site) which by definition couldn't have occurred after about Oct 2010?
Never let actual data get in the way of a conspiracy theory. It makes it far less "fun", I guess.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Bank Closures/Devaluation/New Currency
by Subjectivist » Fri 31 Jan 2014, 15:06:35
$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('Subjectivist', 'h')ttp://en.wikipedia.org/wiki/Terra_(currency)
I think this might be the future after all.
I think this might be the future after all.
An empty reference with the word "Terra" in it to be what, scary? Really? You're reduced to this as "discussion" on the topic?
Ah, OK. Thanks for the "information".
If its too hard for you click on th link I will quote it fo you.
$this->bbcode_second_pass_quote('', 'T')erra (The Trade Reference Currency, TRC) is the name of a possible "world currency". The concept was proposed by Belgian economist and expert on monetary systems Bernard A. Lietaer in 2001, based on a similar proposal from the 1930s.
The currency is meant to be based on a basket of the 9-12 most important commodities (according to their importance in world wide trade). Lietaer opines this would provide a currency that wouldn't suffer from inflation:
Terra = reference unit defined as standardized basket of key internationally traded commodities & services.
Example: 100 Terra =
1 barrel of oil
+ 10 bushels of wheat
+ 20 kg of copper
...
+ 1/10 of ounce of gold
NB: any standardizable good or service can be included.
Similar stability to gold standard, but with basket instead of single commodity (more stable than any one component)...
Terra is Inflation-resistant by definition.[1]
The basic principle emerged from early concepts presented in an article in the French newspaper "Le Fédériste" on 1 January 1933. The idea to establish a "L'Europa – monnaie de la paix", in English "Europe - Money of peace", was given birth. The idea was enthusiastically picked up by Lietaer during an educational journey.
Where did I say this was scary? I said I think this might be the future of world currency systems.
II Chronicles 7:14 if my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then I will hear from heaven, and I will forgive their sin and will heal their land.
