DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Utah House stamps gold, silver as legal tender

**FrereeDoulley** · 04-10-2011, 02:51 PM

IMO

The first step is switching from the current FIAT to a bi-or multi-metallic tender.

Immediately after is the requirement for fully open and disclosed holdings in banks and enforcement of 100% reserve requirement.

The metals can get removed from circulation and replaced with plastic chips, if needed. Fully transparent, openly audited banking system with a 100% reserve requirement changes the game in terms of what is the functional daily currency.

A further step is the removal of credit and loan from the banking monopoly hands and convert it to a function of the local community and state. Credit should be treated as a public utility as we all prosper from its proper use, and we can all be destroyed by its improper use.

04-10-2011, 02:51 PM	#11
FrereeDoulley Join Date Oct 2005 Posts 424 Senior Member	IMO The first step is switching from the current FIAT to a bi-or multi-metallic tender. Immediately after is the requirement for fully open and disclosed holdings in banks and enforcement of 100% reserve requirement. The metals can get removed from circulation and replaced with plastic chips, if needed. Fully transparent, openly audited banking system with a 100% reserve requirement changes the game in terms of what is the functional daily currency. A further step is the removal of credit and loan from the banking monopoly hands and convert it to a function of the local community and state. Credit should be treated as a public utility as we all prosper from its proper use, and we can all be destroyed by its improper use.
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