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The collapse of the legal tender The dollar is
a currency without value because it does not have and does not represent any
real existing good but only bad debts in respect of public and private
entities that have been granted loans: by banks that have lent U.S. dollars
created from nothing and have received in exchange securities that can never
be paid but only renewed. The purchasing
power of the dollar due solely to the fact that the majority of international
trade is done in dollars, starting from raw materials and first of all the
oil, in which, as a result of an agreement between the United States and the
exporters countries oil is denominated in dollars. Taking
advantage of this purchasing power, the U.S. has issued you a totally
disproportionate amount of dollars compared to their real economy (production
of goods and services): in essence, the United States "produce"
worthless U.S. dollars with which buy goods produced in other countries. Because of his
purchasing power, the dollar has become the main reserve currency of central
banks that issue their legal tender backed by dollar deposits. Therefore, not
being nor representing real existing assets, all legal tender currencies no
longer have any real value but represent only the value of the future work
necessary to produce the goods and services that will can be paid with the
same money. The problem is
that the amount of legal tender issued is far superior to the work that the
existing labour force can provide and represents the work of several
generations: to get an idea of the disproportion between the money supply and
the real economy, suffice it to say that the financial mass is equal to more
than 50 times the global GDP and exceeds the value of all the assets and
resources of the entire planet. Since all the
legal tender currencies are based on the dollar, if the dollar collapses,
would drop all legal tender currencies, including euro, pound, yen and yuan
(China's currency reserves are 3,600 billion dollars, accounting for 50% of
its GDP). Now, because
many oil-exporting countries (Russia, Iran, Venezuela, etc.) accept payment
in currencies other than the dollar (euro, yen, yuan, etc.) and soon other
OPEC countries will do the same, the collapse of dollar and, as a result, the
collapse of all legal tender, is imminent. What will be
the effects of the collapse of legal tender? The immediate
effects will be: 1) The legal
tender currencies lose any purchasing power; 2) Loans denominated
in legal tender currencies will no longer have any value; 3) The value
reserves (deposits, funds, etc.) in the legal currency will have no value; 4) The legal
tender currencies will no longer be used as a means of exchange of goods and
services and, therefore, can no longer be used to purchase goods for
consumption and to finance new productive activities. The collapse
of the legal tender currencies will result in the total collapse of the
capitalist system that, in fact, is based on money, the money that was once
represented real wealth removed from work and accumulated in the capital, and
now is only appearance. From the ruins
of capitalism, a new economy will rise, with a different mode of production
and fairer relations between natural resources and energy, means of
production, productive work and results of production, that is, a more
equitable distribution of wealth. To exchange
goods and services, a currency that represents real existing values will
need, a coin with which be possible to purchase goods and services to live
and to finance new means of production. Will be the currency of labour. Will be Dhana
(www.dhana.org). Dhana is guaranteed since
the issuance by capital of companies with a nominal value[1] equal to one
gram of platinum per one Dhana. So, Dhana is guaranteed by real existing
values. Dhana represents one hour of normal work worldwide. So, Dhana serves
to universalise the value of work. Dhana is assigned equally to every
inhabitant of the planet at least 16 years of age (about 5 billion people):
100 Dhana to everyone. So, Dhana serves to start the redistribution of
wealth. Dhana has an issue limit: 100 Dhana for every assignee plus 5% to be
used only for humanitarian initiatives. So, 500 billion Dhana to be assigned
and 25 billion Dhana for humanitarian aims are issue. In this way, the
purchasing power of Dhana will increase over time. Dhana will be the currency
of all the inhabitants of the planet. Thus it will
be. But, even before the collapse of legal tender, it needs to return the
credit to its real function as a means of economic and non-speculation.
Therefore, from July 10, 2012, is running EkaBank (www.ekabank.org) a system of universal
credit on trust, without security, without interest and without charge to
finance the real economy. EkaBank allows everyone to have money to live and
to produce and, at the same time, prefigures the collapse of legal tender and
paves the way to preserve the value of the money of those who have honestly
earned through their work. Friday,
September 28, 2012.
Rodolfo Marusi Guareschi Equity capital of group on April 10, 2011, EUR
22,861,259,050,453 |
