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Nov
29

Response to Reuters talking about euro-demise

Post By gaia1 in European Union

RESPONSE TO REUTERS TALKING ABOUT EURO-DEMISE.

Tuesday, November 29, 2011

In addition for Reuters piecing together a “picture of patchy preparedness for the possible demise of the 12-year-old euro currency” (http://www.reuters.com/article/2011/11/29/us-euro-zone-contingency-idUSTRE7AS0H020111129?feedType=nl&feedName=ustopnewsearly)  Reuters could also put together a picture of alternatives not only to the euro problems, but to problems in the international monetary system. Thus, a picture could emerge where the banking system would not engage in money creation, where the international financing system is a credit- rather than debt-based system and, finally, where the international monetary system which as glue binds the global systems together adopts a monetary standard, not a pure or flexible gold standard, but a carbon standard. Adopting a carbon standard would also resolve humanity’s major challenge of the 21st century, i.e. the climate crisis. Curious how this would work? See www.timun.net and the forthcoming Cosimo book THE TIERRA SOULTION: Using a transformed international monetary system to combat climate change and advance low carbon and climate resilient development.