Re: Global Currency System

["MV" <maxv@vsnl.com>]

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> From: prakash chandrashekar
>
> we have a limit for what we can achieve. We can have atmost, an energy
> currency in one country. How can, the turning of one country, say India to
> an energy-based currency help ?
>
>
> How will it  benefit the pioneers to convince the followers ?
>

Everything has to start somewhere, India and China
should raise the issue in relevant international forums
to evolve a consensus. If it was possible to evolve a
consensus to standardise length, weight, time etc, then
is very much possible to evolve a consensus to standardise
currency.

The pioneers can convince other nations, for most of
the developing countries global currency will be
advantages, even powerful western countries it will be
advantages. In fact it will allow them to make smooth
transition from fossil fuels to more environment friendly
energy technology.

MV.


>
>
> ------------- Original Message --------------
> "MV" <maxv@vsnl.com> wrote:
> To:<debate@indiapolicy.org>
> From:"MV" <maxv@vsnl.com>
> Date:Mon, 9 Apr 2001 11:34:45 -0700 (PDT)
> Subject:Global  Currency System
>
>
> Hope now most of us understand globalisation without
> a global currency system will become the biggest scam
> in human history comparable to slavery.
>
> Energy mobilisation is the key aspect of trade in
> goods and services this was true from the time of the
> barter system. Major corruption in trade system happened
> with fiat currency system and the large scale use of
> fossil fuels, without considering the global impact/cost
> of using the fossil fuels.
>
> All i am saying is the global currency system should
> consider/reflect the energy mobilisation in production
> of goods and services, that is the vary *basis* of trade.
> The current international monetary system does not
> consider this, hence the system gives undue advantage
> to the developed nations who use huge amounts of
> fossil fuels, without considering global impact/cost
> of using fossil fuels.
>
> The technology is all about doing things in a more
> cost effective way, but when we say cost effective,
> we have to consider the cost of using fossil fuels,
> if a process of manufacture uses more energy then it
> should reflect in price of the goods produced.
> Today's currency system is not based on energy, hence
> it does not reflect the cost of energy use.
>
> Many advanced technological process we use today for
> manufacture/production of goods are not cost effective
> compared to the earlier process that used more manual
> labour, this will become obvious if we have a global
> currency system based on energy that automatically
> account for the use of more fossil fuels in case of
> the advanced technology process.
>
> Major impact that energy based global currency system
> will have is hourly rate of unskilled labour will
> become the same all over the world, the remuneration
> for same skill level will also become similar all over
> the world.
>
> The large difference in the hourly rate of unskilled
> labour in different parts of the world is the proof
> of the international currency system scam.
>
>
> MV.
>
>
>
> >
> > From: Abhijeet Pradhan
> >
> > The closest you will come to achieving that is a common currency.  You
can
> > never have a common fixed measure.  Not energy units, not gold nothing.
> > Technology will continously change the effort required in refining oil,
> > mining gold, growing calories on farms etc etc.
> >
> > Later
> > AP
> >
> > --- MV <maxv@vsnl.com> wrote:
> > > >
> > > > From: Srinath S <srinaths@usa.net>
> > > >
> > > > Well, the stock market being implemented like a usual commodity
market
> > > may
> > > be
> > > > the cause for many instabilities resulting from globalization. In
> > > reality;
> > > > money is an abstraction that represents value (commodity or service)
> and
> > > not a
> > > > commodity itself.
> > > >
> > > > Sure it *is* treated as a commodity, and my conjecture is that this
> > > premise
> > > > would come into greater scrutiny as the reach of globalization
> expands.
> > > >
> > >
> > > I fully agree with Mr.Srinath money is an abstract
> > > tool for representing/quantifying the value of goods
> > > and services.
> > >
> > > In the current International monetrary system, this
> > > abstract tool itself is changing every day, it is like
> > > if the meter changes it's length every day, you can
> > > imagine what it will do to mesuring length.
> > >
> > > True globalisation of trade in goods/services will
> > > come into effect only when we use a common monetary
> > > system like we have a common measure, *meter* for
> > > length.
> > >
> > > MV.
> > >
> > >
> > >





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