Perfect Monetary System

[Mullenite]

What would be the perfect monetary system for us and why?

[Flyonthewall]

I'm not sure I follow...aside from the decreasing value, what's wrong with the system we have?

[Guest tomk]

The Law of Consecration

[scott1971]

Farm Animal And Crop Trading (FACT)

[Alaskagain]

Wheat. I want to roll around a barrel of wheat and pay for everything with wheat.

Other people could use rice. Someone else can use tomato (fresh or home-canned products.)

But as for myself, I would be a milliionaire with wheat.

I supposed that falls into the FACT category.

[NeuroTypical]

"Perfect" and "for us" are mutually exclusive.

Did I get it right? What did I win?

LM

[a-train]

If we are talking about the United States then I would say that we need a currency that is not expandable through fractional reserve banking. We need one that our government cannot debase funding off-budget programs.

I like a precious metal currency for consumer trade. Big business and government spending could use notes, bonds, etc. But the individual Americans should be allowed to use a system of real value and most importantly of honesty.

The debt based system we have now is unsatisfactory, it is not a negative complaint but a message of good news that we can do much better.

-a-train

[Mullenite]

This will get you 89% there:

The Money Masters - How International Bankers Gained Control of America

(3 hours and 35 minutes, whew! Substitute this for your Sunday afternoon nap.)

This video is outstanding. Explains the problem very well and a very well thought out solution.

Then to get the final 11% just substitute the gospel and the Law for politicians and government.

and

"Good faith" for any economic value called money and you got it.

[Latter Days Guy]

The Euro?

[a-train]

The Euro?

The Amero?

[scott1971]

How about the "Westro" to include all countries on this continent?

[VisionOfLehi]

I think tomk had it right, way up at the top

[skalenfehl]

Ideally, as mentioned above, the law of consecration, but society can't handle it. The early saints couldn't.

[Flyonthewall]

Amero has a good ring to it...

[skalenfehl]

Why an amero, though? It sounds cool, but how will it be backed? We need a good monetary system that won't deflate. I don't like fiat money.

[Mullenite]

Apply the book of Mormon to our day why did the Lord use up space showing the Nephite money system? I believe in Gold, Silver, and Grain.

The Lord does not waste space in his books.

THE BOOK OF ALMA

THE SON OF ALMA

CHAPTER 11

5 Now the reckoning is thus—a senine of gold, a seon of gold, a shum of gold, and a limnah of gold.

6 A senum of silver, an amnor of silver, an ezrom of silver, and an onti of silver.

7 A senum of silver was equal to a senine of gold, and either for a measure of barley, and also for a measure of every kind of grain.

8 Now the amount of a seon of gold was twice the value of a senine.

9 And a shum of gold was twice the value of a seon.

10 And a limnah of gold was the value of them all.

11 And an amnor of silver was as great as two senums.

12 And an ezrom of silver was as great as four senums.

13 And an onti was as great as them all.

14 Now this is the value of the lesser numbers of their reckoning—

15 A shiblon is half of a senum; therefore, a shiblon for half a measure of barley.

16 And a shiblum is a half of a shiblon.

17 And a leah is the half of a shiblum.

18 Now this is their number, according to their reckoning.

19 Now an antion of gold is equal to three shiblons.

[skalenfehl]

I love that chapter! I really enjoyed reading about Amulek's confrontation with Zeezrom. It would indeed be great if we could use that sort of "real" money. I wonder if there could be enough gold, silver, copper, etc on earth to sustain our trading of goods and services. No doubt there's enough land to sustain the growing of crops.

[NeuroTypical]

So, has enough valuable metal been mined out of the earth to support the current world economy? Or even the current US economy?

If not, please let us know which parts of them you'd be willing to destroy in order to get to your "perfect monetary system".

LM

[Canuck Mormon]

Could you imagine:

"I'll take Monetary systems for an amnor of silver please, Alex"

[a-train]

The 'Amero' is the unit of currency that has been proposed for the North American Union. The Union will be Canada, the US, and Mexico. This Union will be similar to the EU. The Amero will be another fiat currency backed by debt through an even more monstrous central banking system than the FED.

While this article can serve as a starting place, but do some more research.

Go here: SPP Home

Also look at Welcome to the White House. Type 'Security Prosperity Partnership' in the search bar there to read whitehouse articles that confirm the administration's approval and implementation of the CFR's recommendations.

This CFR document (directly from the CFR website) will get you up to speed on where they are at with the NAU.

It says (pdf page 25):

To that end, the Task Force proposes the creation by 2010 of a North American community to enhance security, prosperity, and opportunity. We propose a community based on the principle affirmed in the March 2005 Joint Statement of the three leaders that ‘‘our security and prosperity are mutually dependent and complementary.’’ Its boundaries will be defined by a common external tariff and an outer security perimeter within which the movement of people, products, and capital will be legal, orderly, and safe.

There go our borders.

Page 28:

Progress on security, for example, will allow a more open border for the movement of goods and people; progress on regulatory matters will reduce the need for active customs administration and release resources to boost security. North American solutions could ultimately serve as the basis for initiatives involving other like-minded countries, either in our hemisphere or more broadly.

Immigration concerns? And how big will this thing get with all these 'like-minded countries'?

Page 30:

Establish a common security perimeter by 2010. The governments of Canada, Mexico, and the United States should articulate as their long-term goal a common security perimeter for North America.

Also:

Develop a North American Border Pass. The three countries should develop a secure North American Border Passwith biometric identifiers.

Papers please.

Page 32:

WHAT WE SHOULD DO BY 2010

• Lay the groundwork for the freer flow of people within North America. The three governments should commit themselves to the long-term goal of dramatically diminishing the need for the current intensity of the governments’ physical control of cross-border traffic, travel, and trade within North America.

Page 35:

Mexico should also be recognized as a priority within the international development programs of both the United States and Canada, and both should explore with the World Bank and the Inter-American Development Bank ways to use multilateral development funds most effectively to address the North American development challenge.

Page 36-37 (PER OUR CURRENCY DISCUSSION):

Enhance the capacity of the North American Development Bank (NADBank). NADBank was conceived to support environmental infrastructure projects within 100 kilometers on both sides of the Mexican-U.S. border. After a slow start, NADBank has done important work over recent years, and its mandate has been expanded recently to cover 300 kilometers into Mexico. However, to achieve its full potential, the U.S. and Mexican governments should (1) expand NADBank’s mandate to include other infrastructure sectors, particularly transportation; (2) permit it to access domestic capital market sand apply credit enhancement tools; (3) support the establishment of revolving funds through both grants and soft loans throughout its jurisdiction; and (4) strengthen its technical assistance programs to promote good governance and creditworthiness of communities and public utilities. Finally, NADBank’s internal procedures and the process of project certification should be reformed in order to allow for a significantly faster and more transparent deployment of funds.

Although it is not expressly mentioned in this document, the talk about the 'Amero' currency IS among Congressmen and officials. Search youtube.com for the Amero and you'll see it discussed on CNBC openly.

Page 42:

With tariff barriers virtually eliminated, and the outlines of a North American economy visible, the time has come to take a more comprehensive approach to strengthening the economic prospects for citizens in all three countries. The first step is to encourage convergence in the most-favored-nation tariff rates each partner charges on imports from outside North America.

Page 49:

Implement the Social Security Totalization Agreement negotiated between the United States and Mexico. This agreement would recognize payroll contributions to each other’s systems, thus preventing double taxation.

Page 54:

A North American Inter-Parliamentary Group. The U.S. Congress plays a key role in American policy toward Canada and Mexico, and conducts annual meetings with counterparts in Mexico and in Canada. There is currently no North American program. Bilateral inter-parliamentary exchanges can suffer from limited participation, especially by the most influential legislators. The Task Force recommends that the bilateral meetings occur every other year and that the three North American partners form a trinational interparliamentary group to meet in the alternating year.

If we have a Parliament made up of Canadian, Mexican, and US officials, how is it that any of these nations are sovereign?

Page 61:

North American integration has subtly created a domestic agenda that is continental in scope. The U.S. government is not organized to address this agenda imaginatively. Facing difficult trade-offs between private and North American interests, we tend to choose the private, parochial option. This explains the frustration of Canada and Mexico. To remedy this chronic problem, President Bush should appoint a special assistant on North American Affairs to chair a Cabinet committee to recommend ways to breathe life into a North American community. A presidential directive should support this by instructing the Cabinet to give preference to North America.

This is downright distressing. They are advocating attempting to do all of this outside of Congress because they know the Congress won't do it.

-a-train

[JohnBirchSociety]

What would be the perfect monetary system for us and why?

Nothing that man does is perfect, so there is no perfect answer to your question.

However, in order to have a "monetary" system, you must have money. So, a very good starting point is to know the definition of "money".

The classical definition of "money", as used by the American Founders in the formulation of the divinely inspired US Constitution is:

1) Money has intrinsic value

2) Money is easily divisible

3) Money is relatively scarce

4) Money is relatively durable

Intertwined in these four principles is the principle that money is anonymous.

As enshrined in the divinely inspired US Constitution, money is represented by Gold or Silver Coin, that is coined through an action of Congress.

Only the Congress can coin money. The Constitution specifically avoids the phraseology "print money", because, among other things, money cannot be printed. Coinage involves metal. The Constitution says Gold or Silver.

Real money is very, very difficult to manipulate by the Government. This is why the Founders enshrined real money into the Constitution. Congress then passed legislation about the specifics on coinage with the COINAGE ACT OF April 2, 1792. This act, to my knowledge, has not been amended.

The abolishing of real money in the United States started with the abdication of Constitutional monetary regulation by Congress to the private Federal Reserve System.

We have paid dearly for this abdication of authority.

No policy of government will resolve the situation of our economy, absent a return to sound money. Fiat currency ALWAYS collapses. ALWAYS. Ours is collapsing now.

Friends, we must return to Constitutional government, our we will become slaves. There is no other way.

"Government is not reason, it is force. Like fire, it can either be a dangerous servant, or a fearful master." -George Washington

[Moksha]

The future portrayed by StarTrek always seemed so bright, with poverty, want and greed all getting the boot. A united society with replicator technology is surely where its at.

[Hemidakota]

Begin the practice on what Tom already alluded too...

[skalenfehl]

It would be nice...

Ideally, as mentioned above, the law of consecration, but society can't handle it. The early saints couldn't.

[erichazelle]

Amazing! Out of all the replies, only one said, "Consecration"? I'm sorely disappointed. All systems that are not Zion are not of God, and have the seeds of their destruction sown within them at their inception. 2 Ne. 26: 31: "For the laborer in Zion shall labor for Zion; for if they labor for money they shall perish." Shame on all but one of you; if Zion isn't even in our thoughts, let alone our hearts, how will this generation ever get Zion up and running? I despair.