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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.04+0.4%Nov 11 4:00 PM EST
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To: d:oug who wrote (51132)4/5/2000 10:10:00 PM
From: Helios  Read Replies (2) of 116753
 
government leaders of all the nations if they alone thru their own thoughts put into the computers would decide the value of everything

No no no. The government will not have control of the value since the replacement currency that I am proposing represent real assets. Real estate through shares of RIETs, commodities through futures (just cause I don't know much about futures doesn't mean I'm wrong here, why don't you fill in the blank for me), and shares of companies. Governments may have a role in determining what makes up the standard basket of assets but the individual could have control over his or her personal mix of assets through stock and commodity purchases. You might imagine that some institutions would create their own basket of assets to be used as currency just as banks use to make up their own currencies. Nevertheless the new currencies would have to represent real assets for them to carry the imprimatur of the governments. The net result of all this is that the new currency would represent real things and have most of the advantages of gold and all of the advantages of paper.

This idea came to me (look I am just making this up as I go along and don't claim originality since I have not researched the topic) when I first found out that when you go to Europe you can pay for your transactions using your American Express. The computers handle the exchange rate and I'm told that you normally get a better deal than what you can get at the local banks. So here you are in Europe and the hotel wants Francs or Euros and all you have are dollars and it doesn't matter, not at all, it's not even inconvenient.
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