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Response to Reuters talking about euro-demise

Post By gaia1 in European Union


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” (  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 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.