A New IMF Currency....Why Not Just Another ETF....?

[libertad]

There is no need to allow the IMF to be in control of a balanced currency number....

This can be best represented by an ETF....

Why ? Some currencies of interest do not have a free market....Thus one has to emulate them....

Why base a currency on an organization that is based on "if come" other country handouts....?

The IMF represents nothing but a building full of academics....

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What is desperately needed is a true worldwide electronic exchange direct access highway....

The technology is here and proven....and the need is mandated by true globalization....

Furthermore each population needs a financial out....when their current set of politicos move to extremes ....in order to have a means to preserve their own wealth....

Of course correlation is an issue....but this beats a "no means" effort....

 

[Scataphagos]

Quote from libertad:

"... each population needs a financial out....when their current set of politicos move to extremes ....in order to have a means to preserve their own wealth....

The USA formerly had that... the gold standard.... but they got rid of it because it was "hindering our greedy politicos' desire to steal"

 

[libertad]

Quote from Scataphagos:

The USA formerly had that... the gold standard.... but they got rid of it because it was "hindering our greedy politicos' desire to steal"

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The new worldwide exchange is long overdue....but admittedly not possible until now....


ie NYSE went down today.....before they tried their best to block ECNs....and later on became one....Direct Edge and BATS did not go down....the third and fourth largest exchanges in the world ....which are run by a handful of people.... fully electronic and have won by efficiency standards....

This highway should be as available as internet is available .... Anyone who has a proper financial account can logon where there is a computer and the internet....

Access to each countries central bank rates and their instruments would alleviate much of the stress that honest populations endure while their current set of politicos ventures into "Hollywood mode"....

All instruments should be priced on the new world exchange highway by the public....

Facts about instruments would be in Wiki format....

Opinions could be in the form of shares as their performance would be reflective of their value....

In short ....populations should no longer concern themselves as much with their politicos actions because there would always be an out .... a way to protect their wealth....

 

[Cesko]

Quote from libertad:

...........................................................

The new worldwide exchange is long overdue....but admittedly not possible until now....


ie NYSE went down today.....before they tried their best to block ECNs....and later on became one....Direct Edge and BATS did not go down....the third and fourth largest exchanges in the world ....which are run by a handful of people.... fully electronic and have won by efficiency standards....

This highway should be as available as internet is available .... Anyone who has a proper financial account can logon where there is a computer and the internet....

Access to each countries central bank rates and their instruments would alleviate much of the stress that honest populations endure while their current set of politicos ventures into "Hollywood mode"....

All instruments should be priced on the new world exchange highway by the public....

Facts about instruments would be in Wiki format....

Opinions could be in the form of shares as their performance would be reflective of their value....

In short ....populations should no longer concern themselves as much with their politicos actions because there would always be an out .... a way to protect their wealth....

Did you read "Sovereign Individual"? Practically the whole book is about the above issue.
I don't believe political class can inflate problems away like in the past. Raising taxes is also much harder to do than in the past. Is it possible that they will fuck things up so much that it'll give birth to truly independent currencies? Who knows but conditions are near perfect (Internet, connectivity etc.) as you say. I think, though, more pain is needed, especially for Americans.