So..... how should money be created?

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#1 Thu, Nov 13, 2014 - 6:19am
nixy
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So..... how should money be created?

We, most, here know that money creation is a fundamental market manipulation...... or is it? Therefore, it's effects have to be manipulated?..... ie Forex, Liebor, Au Ag etc.

Surely money (honest money) is simply a record of account? So manipulation is an interference of that record?

Just want to understand how an honest system of money record keeping will work in practice.

How much money should there be in the / a system?

What would be wrong with a gold standard ...... or some sort of fixed commodity (?) standard.

A lot of questions marks here, sorry, but so much here discusses the effects on PMs but I hope some will address the cause(s)..... money creation.

NB......There are plans here in UK to 'teach' kids about finance.... but I doubt they will be told / educated they are expected to repay a debt created from nothing.

Fri, Nov 14, 2014 - 11:51am
nixy
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What!?! A seemingly unlimited

What!?!

A seemingly unlimited number of complaints about price manipulation..... but not a single idea / suggestion to remedy the root cause? ....... the bankers will be pleased..... laughing all the way to the...erm.....bank?

Fri, Nov 14, 2014 - 1:44pm
Spartacus Rex
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Nixy Check this out

Tue, Nov 18, 2014 - 4:41pm
DollarMenu2
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no expert here...

Not an expert, but I seem to have read that a bi-metal system is better than a singular metal.

It's easier for democratic/popular control of the prices.

When gold seems high, sell it for silver.

If silver is high, sell it for gold.

Supposedly helps limit bankster skullduggery.

Not sure of the dynamics of life under such a system, in my youth, we had only silver and paper.

Watched the silver drain out of the system over several years.

Gresham's Law in action.