UN wants new global currency to replace dollar

SirJosephPorter

SirJosephPorter

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Machjo said:
SJP, perhaps I should clarify that by the term currency trader I was not using it in the limited sense of full-time professional specialized currency traders who make a living buying and selling money, but rather anyone who provides the service of converting money, be it the post office selling a foreign-currency money-order, the bank selling a foreign bank draft, the automatic teller in the US giving you US dollars though your bank card only has Canadian dollars, etc. etc. etc. All of these services can qualify as currency trading, even if currency trading may be a side business or just a part of the business in most cases.
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OK, in that case I agree with you. There certainly was currency conversion carried out in the gold standard days. However, such a conversion was along strictly defined lines. The conversion rate was fixed, and the only trading took place in the sense that some commission was charged for handling the transaction.

The transaction fee would be fixed, probably posted somewhere. If somebody wants to buy a book in Germany with Canadian dollar say six months in future, he would know exactly how much it would cost (barring the highly unlikely event of Canada or Germany officially devaluing their currency).

There was plenty of stability, a far cry from the no holds barred currency trading today. Even if we accept your definition, currency trading was minimal in those days. And even there, the traders did not charge what the market would bear, their charges did not vary from minute to minute, day to day, as the exchange rates today do.
 
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petros

petros

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TenPenny said:
One of the posts says that all stock in the Bank of Canada is held by the Minister of Finance.
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So then for myself as a stock owner in the Corporation of Canada and the Crown Corporations of Canada I should have no problem requesting my stock and enjoying the dividends for my personal use if I feel the minster isn't the brightest fiduciary manager of the bunch?
 
TenPenny

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petros said:
So then for myself as a stock owner in the Corporation of Canada and the Crown Corporations of Canada I should have no problem requesting my stock and enjoying the dividends for my personal use if I feel the minster isn't the brightest fiduciary manager of the bunch?
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You're not the stock holder. In case you have trouble reading, the shares are held by the Minister of Finance. Not by you. You are not the stock holder. Try to keep up.
 
petros

petros

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Really? Maybe that is why I wrote stock owner and not holder. My reading and typing are just fine. How is your's doing or perhaps another coffee might help ? ;)
 
ironsides

ironsides

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Machjo said:
But it would still eradicate make-workd jobs for currency-traders, thus saving us money. So it would still be a step in the right direction no matter how you cut it.
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Yes, but think how many made or lost money during this recession. There are many people 45-65 years old who will never work again except maybe as a Wal-Mart greeter. Yes, the banking system will go on and we can see it now with little or no change. Goldman Sachs devoured off the major competition, wiped out the world and are now moving on. Yes things will get better, but there are to many causalities out there who will never recover.
 
petros

petros

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So. As a stock OWNER (same as above) in the Corporation of Canada and the Crown Corporations of Canada what is stopping me from becoming the stock HOLDER (not written above) and managing my dividends as I see fit as long as it is a true benefit for myself and my fellow stock OWNERS?

Where does it say in the grand scheme of things that I'm not allowed to have and enjoy property? That stock is my property just as much as my TV, autos, blue suede shoes, home, farm or cottage.

Am I not Canadian enough to hold the stock and know it's true value and what moneys have been borrowed against it without my express written permission granted to the metioned fiduciary manager?
 
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petros

petros

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TenPenny said:
The charter of the corporations, that's what.
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We have a Charter. It was written in 1982. In that Corporate charter it clearly states you have a right to security so how do you apply for possesion of your securities in the Corporation of Canada?

Any suggestions?
 
petros

petros

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ironsides said:
Wow, I never thought of Canada that way. Guess were are all living/working for corporations just under different names.
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You are a legal corporation. Corporation comes from Latin corpus meaning body.

When they call you a person in law it means the corporate you unless it specifically says "natural person" which is the physical you. The person and natural person have different rights, freedoms and duties.
 
Y

YukonJack

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If that pathetic collection known as the United Nations is so much against the United States dollar, let the bastards live without it.

Better, still, America would do the world a favour by kicking these ungrateful bastards out off American soil.

Let them find a new home in Burkana Faso or Zimbabwe, and be supported by their currencies.

The world needs the United Nations about as much as it needs the flue virus.
 
petros

petros

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YJ I hope you snap out of it someday and realize that the right you so vehemently adore is pushing harder for the one world socialist union than any other group. Why do support it so much?
 
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