DosileFlynn said:

so if you had billions of dollars, you'd be paying the %50 tax rate as well right?

interesting article though. i've heard alot about this ' gods banker ' character.

sunset_mission said:

DosileFlynn said:

i think they are making the right call. its clear as day that an international financial framework needs to be created, for a number of reasons.

my only question is what the hell does the vatican have to do with anything economics related. are they trying to grab at some popularity from new age people? who knows.

its just that last time i checked, economics and religion were fairly distinct spheres of influence.

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How would this international financial framework be set up and function? Would every currency in the world need to be liquidated/destroyed and a completely new currency emerge? What would back its value?

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well, the currency issue is again a seperate and distinct issue. i don't think they will bing together all world currencies and make a one world currency, although there would be benefits and drawbacks for doing so i think. if they were to establish a one world currency i'm guessing they would peg its currency to the value of antoher, similar to how the saudi dollar is pegged to the american dollar. but there would be practical issues involved in that and it may upset the balance of values if they aggregate all currencies to the same value. i.e. valuable currencies get devalued, useless currencies like zimbabwes get over valued.



essentially i think they would just set up an international tier of legislation. at current we have state, and federal law. but no international uniformity provided. which creates alot of logistical problems. so i think it would be beneficial to set up ontop of each countries state and federal laws, broad international rules and standards that are binding. at current we have plenty of international standards and covenants like the BASIL accord and many other similar organisations, but these are just guidelines.


and also the creation of a one world bank, similar to the IMF, or something. that can monitor and co-ordinate the world economy. because alot of these financial crises are severely deepened by the fact that a strong and timely response is not presented around the world. when crises like these occur, there needs to be FAST and DECISIVE action on a global scale. otherwise it turns into a global clusterfuck, and all the world economies are intertwined like a game of dominoes. so once one collapses, it puts alot of strain on the other countries that it has strong financial linkages to, then they collapse, so on so forth.


theres alot of practical issues involved with the implementation and functioning of such a system, but i think it has plenty of merit. being able to co-ordinate and present a unified response to these issues will make a tonne of difference. similar benefits in regulation of interest rates world wide - however that is a questionable one. and also just the benefit of having the same standards being applied around the world, more or less.


i don't mean that they completely take control of the world economy 100% , but rather they set the basic framework, standards and co-ordinate, then countries and states are free to fill in the gaps as they please. and ofcourse the international authority needs to be seeded by the countries that wish to participate.


we live in interesting times indeed. these are some big changes they are thinking of bringing through. great changes in my opinion

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NanoAugmented said:

I don't think humans can ever effectively govern other humans. There will always be massive corruption


I want an AI supercomputer to deal with this shit. 

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...

So I take it then, that you learned absolutely NOTHING from the Terminator movie series, did you?