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imported post -
01-03-07, 12:56 AM
There are Four main potential factors for an economic crises as defined in the book "The Future of Money"
1. The Growth in the Older Generation of the Baby Boomers
2. Environmental Problems with the world like Global Warming
3. The increased use of Derivatives Especially currencies
4. Knowledge Abundance .....................The democraization of information, ideals and tranactions evento flow at the speed of light.
One of the most obvious actions that the world could do to stop this mad rush to economic and environmental destruction and decimation of societies is to revert back to not having Interest on Money...............usury. This is one of the single destructive features in our society that will never be addressed it would be interesting if people campaigned to abolish the use of interest.
In the future fiat money as Coltrane mentioned will not be back to commodity basised but will be digital in it's entirity.Money is simply a concept. And with current technology a smart card will do nicely.
Another thing I believe that the Asian community will do ( as it as a community has the POWER to do so) will be the establishment of an asian community currency that will and can be used side by side with the host countries currency. This would strenghten the Asian Community considerably.
The AfricanCaribbean community simply doe'snt have the organisational or political maturity to carry of a simply idea in this country.
As the great man said: "Money is neither made or lost, simply transfered from one illusion to another."
Gordon Decko,
Wall Street
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