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/biz/ - Business & Finance


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3269766 No.3269766 [Reply] [Original]

"The bancor was a supranational currency that John Maynard Keynes and E. F. Schumacher[1] conceptualised in the years 1940–1942 and which the United Kingdom proposed to introduce after World War II. The name was inspired by the French banque or ('bank gold').[2] This newly created supranational currency would then be used in international trade as a unit of account within a multilateral clearing system—the International Clearing Union—which would also have to be founded." - https://en.wikipedia.org/wiki/Bancor

I know BILU is regarded as a meme but let's be honest with ourselves here...

Bancor is literally unstoppable.

>> No.3269808

I saw a video on this and it was an utterly retarded idea where both lender and debtor would pay interest to the ICU.
Guess what, the US (lender) wasn't going to fucking fund rebuilding Europe and PAY INTEREST on top of it.

>> No.3269959

Bancor is literally working with the U.N.