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Re: how to fix banking (and money) PBDC vs CBDC

By: Zimbler0 in 6TH POPE | Recommend this post (0)
Fri, 31 Mar 23 12:57 AM | 31 view(s)
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Msg. 41466 of 58547
(This msg. is a reply to 41460 by Fiz)

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Fiz > His propostion that electic utility companies being allowed to issue private currency (currency for current, get it?!) is interesting. What do you guys think might be better?

Hmmmm . . .
Out of curiosity, just where is the electric company's customers supposed to get the electric company's 'money' to pay their bills with?

Individual State's issuing their own currencies? More likely to spawn a tsunami of 'government printing presses' hyper-inflating these 'State Currencies'.

Gold Coin? Is there enough gold on this planet to support using 'gold currency'?

Zim.




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The above is a reply to the following message:
how to fix banking (and money) PBDC vs CBDC
By: Fiz
in 6TH POPE
Thu, 30 Mar 23 10:15 PM
Msg. 41460 of 58547

You know me; I own corporations - but I am not stupid enough to believe they are actually a good deal for society. The issue of what sort of money system might better replace the connivance known as USD debt-money is an interesting one. El Gato has some ideas about what might and might not work. His propostion that electic utility companies being allowed to issue private currency (currency for current, get it?!) is interesting. What do you guys think might be better?

http://boriquagato.substack.com/p/how-to-fix-banking-and-money-pbdc

“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.” -Thomas Sowell


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