I'm sick of currencies. Currency trading is the worst scam ever. How can a piece of paper have great value one day and zero value the next day?
So my proposal:
Golda coin based on blockchain.
1 Golda equals one gram 24 carat gold coin.
1 Golda is 100 Goldins
1 Goldin is 100 Goldies
1 Goldie is 100 Goldooks
1 Goldook is 100 Goldecks
and so on, as many as required.
From this day forward, price of one gram 24 carat gold is fixed. It will never fluctuate. Anyone who earns one golda is guaranteed to possess that fixed value of wealth FOREVER, until they spend it.
There might not be enough gold in the world for all the countries to have gold deposits against their total circulating Golda currency but they have other resources that can determine how much Golda they can have in total when the prices of those resources are calculated in terms of gold.
Yes, there will be losers in the beginning when this new standard currency is being adopted but once done, you will never have to worry about different currencies again. You can focus on work or business or trading or whatever.
Are we really going to let loan sharks (which is what bankers are) ruin our lives? The change starts now. Spread the word!
DISCLAIMER: I'm no economist. I just believe that life needs to be simple and we can all co-exist peacefully, without trying to destroy the life of someone in a far away country just so we can have some creature comforts.
My humble request to people posting in this thread: Please don't use big financial terms to bash my lack of understanding of how the financial markets work. If you see a problem with my proposal, kindly explain in a way that a 5 year old will understand. There's a simple solution to every problem. We just need to be willing to find the solution, rather than trying to keep the problem alive because the very existence of the problem and its convoluted solution serves our vested interests.
So my proposal:
Golda coin based on blockchain.
1 Golda equals one gram 24 carat gold coin.
1 Golda is 100 Goldins
1 Goldin is 100 Goldies
1 Goldie is 100 Goldooks
1 Goldook is 100 Goldecks
and so on, as many as required.
From this day forward, price of one gram 24 carat gold is fixed. It will never fluctuate. Anyone who earns one golda is guaranteed to possess that fixed value of wealth FOREVER, until they spend it.
There might not be enough gold in the world for all the countries to have gold deposits against their total circulating Golda currency but they have other resources that can determine how much Golda they can have in total when the prices of those resources are calculated in terms of gold.
Yes, there will be losers in the beginning when this new standard currency is being adopted but once done, you will never have to worry about different currencies again. You can focus on work or business or trading or whatever.
Are we really going to let loan sharks (which is what bankers are) ruin our lives? The change starts now. Spread the word!
DISCLAIMER: I'm no economist. I just believe that life needs to be simple and we can all co-exist peacefully, without trying to destroy the life of someone in a far away country just so we can have some creature comforts.
My humble request to people posting in this thread: Please don't use big financial terms to bash my lack of understanding of how the financial markets work. If you see a problem with my proposal, kindly explain in a way that a 5 year old will understand. There's a simple solution to every problem. We just need to be willing to find the solution, rather than trying to keep the problem alive because the very existence of the problem and its convoluted solution serves our vested interests.
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