Funnymoney: Difference between revisions
Jump to navigation
Jump to search
No edit summary |
|||
| Line 4: | Line 4: | ||
=In the Downstream Media= | =In the Downstream Media= | ||
*''But Russia doesn’t have a globally sought currency like the U.S. dollar, so it can’t just print more money without consequences.'' - from | *''But Russia doesn’t have a globally sought currency like the U.S. dollar, so it can’t just print more money without consequences.'' - from [https://s2.washingtonpost.com/camp-rw/?trackId=596bdee5ae7e8a44e7e01067&s=63c77ef9ef9bf67b2362b545&linknum=4&linktot=69] | ||
Latest revision as of 18:52, 18 January 2023
Any currency that is not backed by tangible, physical resources. We emphasize physical resources because most costs in one's life are for physical resources, and thus a monetary system should reflect this essential, physical reality. In the digital age, money has been taken off a transparent backing system, including cryptocurrencies. The only substantial effort that we are aware of in terms of bringing backing to currency is the OSE Bank.
Full Reserve Banking (FRB) is a solution. Open Source Microfactories plus global collaborative open design are the substance behind FRB, and more than that: they are abundance, as at this point of Kardashev Scale each person can be 100-1000x more wealthy without collapsing natural life support systems.
In the Downstream Media
- But Russia doesn’t have a globally sought currency like the U.S. dollar, so it can’t just print more money without consequences. - from [1]