User:Steven Goutzioulis

Welcome...!

I will be building my page stay tuned...!

(This is a ‘prototype’ of a model I am currently working on – it is an early sample of my project)

“THE NEW CURRENCY STANDARD”

The current exchange rate system is slowly destroying humanity, we need a new currency standard that is more stable. This will decrease the likelihood of currency manipulation, political corruption and human exploitation.

If we reflect on the previous two currency standards we observe a common pattern. During the Gold Standard, more money was needed to finance World War I – the gold supply was ‘limited’. During the Bretton Woods System the US dollars held by people and foreign central banks was more than the gold reserves held by the US.

In both cases the Gold supply was ‘limited’.

Under the ‘New Currency Standard’ currencies will need to be backed by a variety of ‘Real Assets’. The ‘Real Assets’ need to go beyond Gold, Silver or Copper. Currencies need to be backed by precious metals and natural resources such as titanium, platinum, palladium, gas, oil, uranium or any other viable natural metal or resource, the list is endless…! The main point is, the problems faced during the Gold Standard and the Bretton Woods system will be totally eliminated.

The precious metals and natural resources backing the currencies will be ‘unlimited’.

The likelihood of currency manipulation, political corruption & human exploitation in countries like Africa will reduce significantly. When comparing the previous two currency standards, the Gold standard was found to be more stable as it lasted for approximately one hundred years. Both systems lasted from approximately the early 1800s to the early 1970s. The current system is based on corrupt central bank money creation and the printing of money – ‘quantitative easing’. Currencies are currently backed by worthless ‘Bonds’ this process is controlled by Central Banks, Corrupt wealthy individuals and Corrupt institutions such as the IMF. This makes the current currency system very unstable prone to manipulation, political corruption & human exploitation. This is evident by the increase in crime, poverty, anxiety, stress, suicide, domestic violence and other health related matters.

(please refer to my statistical research regarding the birth / death rate in the last 15 years.)

SPACE exploration is critical to the evolution and development of mankind, thanks to the ‘CORPORATIONS’ the world has stagnated. We need more SPACE exploration to find new elements and natural resources to add to the ‘unlimited’ basket of ‘Real Assets’. This will create the basis of the ‘New Currency Standard’ – a solid stable foundation decreasing the likelihood of currency manipulation, political corruption & human exploitation.

We need more private independent investment in Space exploration…!

Below is a historical background of the Gold Standard and the Bretton Woods System.

The Gold Standard

The Gold standard was introduced in 1816 by Great Britain, other countries were slow to adopt to the Gold standard, by the 1870s only a few countries followed Great Britain. Great Britain quickly became the global economic powerhouse. By 1913 nearly every country in Europe and countries in the West, adopted the gold standard. The Gold Standard was stable and lasted for approximately 100 years.

Most countries started abandoning the gold standard in 1914 during World War I. The central bankers were starting to lose control of the money supply, more money was needed to finance the war and the gold supply was ‘limited’.

Redeeming paper currency for gold resumed in 1925. During the great depression that began in 1929, governments were pressured by corporations to abandon the gold standard. This allowed the central banks to engage in corrupt monetary policies. The Central Banks essentially controlled the money supply. In 1931 Great Britain was first to abandon the Gold standard, by the late 1930s the gold standard had totally collapsed. It is interesting to note that Great Britain introduced the Gold Standard & was also the first country to abandon the Gold Standard.

Bretton Woods System

In the 1930s the US started the tariff wars (Smoot-Hawley Tariff), nearly all countries except for countries such as the Soviet Union, followed the General Agreement on Tariffs and Trade (GATT) which led to the collapse in world trade.

A new currency had still not been created. A conference was held in Bretton Woods, New Hampshire (1–22 July) 1944, this meeting was held while World War II was still in full-swing. The members at this meeting set up a new system of rules and institutions such as the IMF (International Monetary Fund) were created. At the time the US controlled approximately 67% of the world’s gold. The Soviet Union were unhappy with the institutions such as the IMF, the Soviet Union referred to these institutions as “branches of Wall Street.”

By the late 1960s the Bretton Woods system started to collapse, the US dollars held by people and central banks was larger than the gold reserves held by the US. The US refused to redeem paper currency for gold. Once again the supply of gold was ‘limited’. The system effectively collapsed in 1970, the US dollar was deemed as a fiat currency.

The Bretton Woods System failed in more ways than one, the members at this meeting failed to create a sustainable financial system. The Bretton Woods system ignored & contradicted the ‘Treaty of Versailles’ which was set up immediately after WW I. The ‘Treaty of Versailles’ was a peace treaty that ended WW I between Germany and other countries. The Bretton Woods System failed to address the importance of this peace treaty, which led to an increase in political corruption, economic pressure, economic tension & human exploitation. It failed to address the factors that led to WW I, while WW II was still in full-swing.

In summary the Bretton Woods System failed in a number of ways, the gold supply was ‘limited’ & the system failed to address the peace treaty. An unsustainable financial system was created during a horrific and bloody WW II. Soldiers were being killed by NAZI’S in battle while the members of the Bretton Woods system were having a ‘conference’ to create a new system. To make matters worse they continued this ‘conference’ without the full support of all countries, this ‘conference’ ignored the peace treaty that caused WW I.

“The IMF is still a large part of the Current Financial System”.

By the 1960s most european countries started relaxing their capital controls, making speculation or currency manipulation very easy. We need a New Currency Standard based on a variety or basket of ‘Real Assets’ creating a more stable currency system. This will decrease the likelihood of currency manipulation, political corruption & human exploitation. The precious metals and natural resources will be ‘unlimited’. Problems faced during the Gold Standard and the Bretton Woods system will be totally eliminated.

Steven Goutzioulis

SG MATHS

A good current example with significant historical importance is Texas.