Originally Posted by
Xmac
We have a currency system that is designed to create levels of scarcity that encourages the individual to think only about their own well being. It works well. As kib so eloquently pointed out there are many problems the state issued fiat system creates that are not immediately visible to individuals who don't look. It's also designed to fail and that failure is close.
Countries are beginning to hoard gold, BRICS are moving away from the U.S. dollar, China has taken action to help Russia in a move that was heretofore done by the institutions of Bretton Woods. We are going to need a system in place to facilitate world trade that is not predatory, unsustainable and encouraging of environmental degradation.