232. #YuanNewWorldTradeCurrency : A Real Change of Powers?
“China has sought to have the yuan reflect its new status as the world’s biggest trading nation and second-largest economy. Acceptance as one of five currencies included in the IMF’s Special Drawing Rights would accelerate its acceptance as a bona fide reserve currency.” How relevant is this news to create a real game changer in the world’s economy? What kind of questions should we begin asking about before seeing this point as relevant to our day to day living? Let’s discuss about that
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“People increasingly see that money today is a commodity, in other words, an economic value – I’m trying to say something tangible about money here – that it is an economic value and that we have to reach a stage where it must become a necessary potential, must act as a rights document for all the creative processes of human work
Both sectors, production as well as consumption, must be regulated by democracy, which itself has to relate to money. If democracy is not related to money, all the people’s democratic efforts will be destroyed by the power money can assume. So unless money has become a full rights document in which the production sector and the consumption sector are embedded in our society, it will continue to ensure the decline of human creativity, of the human soul, of the power of human creation, and the life of nature!
“And How money will work in the future – is that every individual becomes a participant by developing awareness of his own sovereignty and by promoting right concepts about just laws of the economy which have to prevail in future. This is where I very clearly state that every human being is an artist creating new social forms. If every person is an artist in this realm of social sculpture, it follows naturally […] But then it’s true that we must consider the individual’s aptitude, shall we say, with which he or she creates.” – Joseph Beuys: What is Money? Quotes
“So – why do we propose equal currencies with Living Income Guaranteed?
Because the Living Income Guaranteed system ensures that one’s economy is stable and effective from the perspective that each one will have an income with which to purchase the required goods to live a dignified life and in turn this income that was spent becomes the income of the labor force, that now can afford a more luxurious lifestyle – as such Human Rights are ensured and the principle of those who work harder earn more money is still in place as well. However – if we now have currencies with different values – the whole point can collapse – because instead of buying the products locally, one can buy the exact same products abroad for a ‘cheaper’ price, just because of a favorable exchange rate – as such, money drains out of the economy and the cycle is disrupted. Unequal currencies distort the values of goods and services across the globe. With equal currencies – if one goes and buys products abroad, its not because of a distortion – it’s because the goods and services are actually better or are produced more cost-efficiently. Therefore, when in a particular country it is noticed that one’s company is suffering due to people buying abroad, it is an actual indication that one requires to change the quality of one’s goods and services or become more cost-efficient – such indications are valid and stimulate the economy in the way it is supposed to”. – See more at: Day 245: Living Income Guaranteed and Equal Currency
To guarantee our basic living rights and create a regenerative economic system that includes the provision of a Guaranteed Living Income:
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