I saw this while reading the Pirate Bay Story linked on the front page, and nearly crapped myself. I never, ever even thought that a one world currency would be based on specie!
"Zhou Xiaochuan, the central bank governor, piqued the interest of metal buffs last month by calling for a world currency modelled on the "Bancor", floated by John Maynard Keynes at Bretton Woods in 1944.
The Bancor was to be anchored on 30 commodities - a broader base than the Gold Standard, which had caused so much grief in the 1930s. Mr Zhou said such a currency would prevent the sort of "credit-based" excess that has brought the global finance to its knees."
A commodity basket is what Ron Paul at one point was advocating for. I don't know much about Keynes, but he has been vilified by people in my social circles.
I found this to be a pretty good read. I hope you enjoy it.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/516012...
I saw this while reading the Pirate Bay Story linked on the front page, and nearly crapped myself. I never, ever even thought that a one world currency would be based on specie!
"Zhou Xiaochuan, the central bank governor, piqued the interest of metal buffs last month by calling for a world currency modelled on the "Bancor", floated by John Maynard Keynes at Bretton Woods in 1944.
The Bancor was to be anchored on 30 commodities - a broader base than the Gold Standard, which had caused so much grief in the 1930s. Mr Zhou said such a currency would prevent the sort of "credit-based" excess that has brought the global finance to its knees."
A commodity basket is what Ron Paul at one point was advocating for. I don't know much about Keynes, but he has been vilified by people in my social circles.
I found this to be a pretty good read. I hope you enjoy it.