Tuesday, June 28, 2016
International Banking & the Future of Money
Presented by The Friedberg Economics Institute & Goldmoney Inc. Money is the bedrock on which functioning economies stand. Stable, reliable currency – serving as both a store of value and providing a liquid medium enabling transactions and commerce – is essential for growing and prospering economies. However, control of governments over money has always presented a challenge, as those with power tend to transform the currency they control into a political tool. The result is the exploding debt, fiscal insolvencies and price and interest rate instability we are witnessing today. Various approaches to achieve monetary stability have been proposed by economists. However, today technology is enabling fascinating new private solutions in the market place for creating stable and reliable money. Goldmoney and the Friedberg Economics Institute have collaborated in this program to address these issues. The program includes the former president of the Central Bank of Argentina, the Chief Technology Officer of Israel’s largest bank, and the founder of a cutting-edge new firm offering a new digital currency payment platform based on gold.
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Money and the use of money, money Is not having money; scarcity, therefore money as fact does not exist is the need that the money creates that generates the mechanism of money. Money being used by many as well becomes psychological because of the mechanism of money, not the item value. Climate is related to the psychological mechanism of money. Babylon located in the middle east suffered from too much sun and infrequent rain. The mechanism of climate is directly related to the psychological mechanism of money. Technology is bringing water to the dryland if you like. This is the basic difference between Europe and the middle east. Climate, the south is arid the north greener. However, in the past ice age or previous times the middle east had a different climate greener and sweeter and the north was harsher. Profit and property in this respect is a result of scarcity, giving the birth to banks and financier’s lenders and merchants an advantage in relation to the rest of the population, who increased faster than the expected. The balance and imbalance is what is called the system, now the system is no longer needed to function as previously did “based on scarcity” and a new mode is applied were the balances are now achieve faster than on previous times and this fact eliminates the domineering of property and excessive profits generated on the psychological inputs of making profits out of scarcity. <I propose Bren25% silver, gold reserves, as a new global reserve currency)
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