As I stated before on the burning platform, in the globalized economy currencies have entered into a transition stage where national currencies used as global currencies will again only be used as a national currency. China, Russia and other nations want to create a one world currency that is used for trade between nations and is regulated by policy monks that are independent of national influences.
People on this board have long advocated that currencies be regulated by some economic metric that can be used to guarantee the value of the currency; so much gold per unit of currency is one example.
The United States has, time and time again, shown that it is foolhardy to use a national currency as a global currency. Our excess dollars don’t circulate in our economy but is kept by central banks. Because we have not experienced the economic dislocations that other nations have experienced when they print too much currency, our political leadership believe that our economic policies are economically beneficial to the economy and they continue to do more of the same.
And because there have been no economic dislocations for the last 30 some years, and despite the persuasive arguments of the counter culture economic types, they thought they were doing the right things. In reality, the dollar and national currencies that function as global currency did so successfully because of the cold war.
The cold war is done and gone, and now we are at the stage where the commercial world no longer wants to use the dollar or any other national currency as a global currency; the problem is who will direct the transition, as the global economy goes from one system of medium of currency exchange to another?
We are in a new economic cycle and this is the point of the cycle we are in: the adoption of a new global currency. Our economic policy wonks are no longer in control of economic events; they can no longer create economic models to their liking.
However, unlike Peter, I don’t think we are destined to be reactive to world events, we have the resources to create our own economy, the spiritual wherewithal to create and direct the course of peaceful events, and the determination to make our community, the USA, the place to be when it comes to harmonious living.
So accept the changes that are coming and pray for a godly outcome.
