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tsuomela : currency   11

What Not Being Able To Buy Oil In Dollars Means | Crooks and Liars
The key break point, the end of the dollar hegemony, will come when the Chinese are able to move to a consumer economy. At that point, the Chinese will no longer need America as consumers, and they will let the Yuan float. The devastation this will wreck on the US economy is hard to overstate. Standards of living will crash. In the long run, being forced to live within its means, and no longer having to compete against massively subsidized foreign goods may turn out to be good for the US, but that won’t make you feel better as your effective income collapses or you lose your job.

This is probably two economic cycles out. We’re talking 12 to 16 years. So there’s time yet. Probably.
economics  america  resources  limits  peak-oil  oil  energy  currency  world 
october 2009 by tsuomela
Complementary Currencies | drupal.org
Marketplace is an all-embracing and flexible package which goes the extra mile for you. The main module is transactions, which provides a payment form and a transaction contentType and exposure to views. There are many views, blocks, actions, etc ready to use.
currency  economics  community  money  activism  business  local  sustainability  alternative  complementary  alternative-currency  drupal  software 
september 2009 by tsuomela
Print Your Own Money - Boing Boing
The only way for banks - who run such an economy - to make more money is to lend more out. So they looked for more borrowers, as well as more places to park their cash. As a result, the things you and I depend on in the real world became investment vehicles. Homes, oil, resources...you name it. So the costs of all these things went up not because of any real laws of supply and demand, but because they had become new classes of investment.
economics  gloom-and-doom  localism  money  currency  alternative 
september 2008 by tsuomela

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