/biz/ - Business & Finance

Here's of our current predicament.
In 1988 the Economist issued information about a future world currency. It explained the dangers of currency fluctuations connecting to a country's stability for world trade.

When we consider the problem we're facing right now, this is exactly the situation they spoke of.

You see, imagine what the Economist was talking about as a "tug of war", in our case, between the American people and the rest of the world.

How can a nation's currency policy balance its duty to its people, and at the same time, its duty to the rest of the world?

Understand that, as the US starts printing an insurmountable amount of money, suddenly the money of everyone else starts to be worth less. Inflation.

Well that's a problem for folks trading around the world, as their currency now fluctuates heavily based on the dollar. Americans are pushing the tug of war their side, and the rest of the world now has to push it their way to have some balance, but neither are satisfied. You have the amount to make your trades tomorrow, suddenly, now what you have is no longer sufficient because the dollar you own is worth much less than it did yesterday.

This is an issue that has been on the works apparently for many decades. Now we have to make a currency that would replace the dollar as a commodity, that everyone has to agree on using, and has to be on demand on a world-wide basis. It has to be invulnerable to a country's stability, invulnerable to economic policies of a nation, in order to keep it stable throughout the world. In this situation we understand how urgent this is. This, together with everything else I had written prior to that also. It's just desirable to have your wealth based on a commodity that is stable forever and no one can touch.

This would have to be neutral among all countries and agreed upon all.

There's absolutely no reason it would not be Ripple, given the urgency, the liquidity crisis needs to be solved asap.