So what's a tobin Tax? It replaced the Bretton Woods system.

[TheNocturnalEgyptian]

A Tobin Tax is a system where all the currencies are traded against eachother, like a house of cards. The tax itself acts to prevent short-term speculation on the currencies.


A Tobin tax is a tax on all trade of currency across borders.

The first idea that it could be useful came from the economist James Tobin. The tax is meant to put a penalty on short-term speculation in currencies. The proposed tax rate would be low, between 0.1% to 0.25%.

On August 15, 1971, Richard Nixon told that it would no longer be possible to change the US dollar to gold, so ended the Bretton Woods system. Tobin suggested a new system for international currency stability, and proposed that such a system include a charge on foreign-exchange transactions. Professor Tobin later received a Nobel Prize in Economics in 1981.

House of cards. Currency is just a bunch of stock sold against itself.

http://simple.wikipedia.org/wiki/Tobin_tax

[Hypertiger]

Bretton woods created the World bank the IMF and made the US Dollar the global trade medium of exchange.

The IMF and world bank still exist and the US Dollar is still the global trade medium of exchange...The Bretton woods global trade system is still in existance.

All that was changed in 1971 were the rules.

Becuase the economic system is absolute capitalistic or takes more than it gives to sustain it's existance...it was inevitable that the USA was going to run out of Gold to balance global trade.

Anyone that is not ignorant of economics was aware of this prior to Bretton woods...Bretton woods was an unsustainable house of cards from the very first second of operation...all that you can do once you choose to take more than you give to sustain your existance is postpone arrival at teh logical conclusion for as long as possible....the logical conclusion of the take more than you give equation being collapse.

the 1971 rule change was inevitable.

absolute capitalist economics or taking more than you give is a house of cards from the start.

The USA and global system began inflating out of the 1929-1933 bankruptcy reorganization or deflation of the previous global trade system in 1945...and as the global economic system expanded...the demand for Gold increased until the supply required to sustain the fixed exchange rate monetary system was outstripped and a rule change was required.

The world had run out of Gold to sustain the rule...but not of anything else...so the requirement for Gold was eliminated...so the global trade system could continue to sustain the continued economic expansion of the world...so that arrival at the logical conclusion of the take more than you give equation could be postponed...

Otherwise according to the rules all global trade would have to stop and the USA along with the rest of the world was required to implode to oblivion.

Bretton Woods is still in operation...The rule change basically sustained the global trade system the last 40 years...postponed arrival at the logical conclusion of the take more than you give equation...which is collapse.

The Bretton woods global trade system has not collapsed yet.

[Hatha Sunahara]

There won't be any speculation in currencies, or even conversions from one currency to another if you have a global currency.

A global currency is not a bad idea. The problem is that if it is a fiat paper global currency, who gets to 'issue' it? The Rothschilds? Then it would have all the same problems that the dollar and Euro have--that whoever issues them, gets to cause depressions and inflations and all kinds of other monetary insanity.

The world has for thousands of years had a global currency. Gold. The Rothschilds think they would back their global currency with gold. But who needs the Rothschilds to do that? Just use gold. Or silver. And have PUBLICLY owned (Not PRIVATELY owned by the Rothschilds) repositories for the gold where the depositories are not allowed to 'lend' money. No usurious fractional reserve lending. Worldwide. Only the owners of the gold could loan it out--not the institutions holding it in trust. The gold will go up in value over time, which would encourage the savers, and make the spenders work harder to pay off their loans.

Gold is honest money. Paper money created by fractional reserve banking lets the issuers steal value (ultimately created by labor) from people who do not issue the money. Either by devaluing the money through inflation, or by constricting its supply and causing deflations where people have to sell off assets (to the bankers) at pennies on the dollar in order to survive. Either way it's theft. Gold is cash. Not credit. Worldwide. No need for a Tobin tax. No need for the Rothschilds.

Hatha

[Golden]

Gold remains a global currency. Consideration of payment is the ultimate arbitrage and currency.
If I were to offer my services at a lower $ price than the competition wouldn't you consider? You wouldn't think to ask me how I could, rather how soon could I start. Enter the contract.

[Golden]

Pure Gold, Context and a Cultural Revolution

http://www.youtube.com/watch?v=e_hznUgTSkw
http://www.youtube.com/watch?v=e_hznUgTSkw
Uploaded by wepollock on Feb 27, 2012
After some reflection regarding a recent death, complete with death panels and the financial-medical complex and usury, I look at the definition of Pure Gold as expressed in the book of Exodus. I talk about our current culture and the context to which were are born into. We are watching the context of America breaking; also aspirational context of people worldwide looking for the American standard will also be thwarted. Its our responsibility to change culture through this breakdown crisis.

Humanity is a big idea.

[Golden]

Language, Imperialism and Culture - Dr. Thorsten Pattberg on GRTV

http://www.youtube.com/watch?v=gvbf7wqwlbs
http://www.youtube.com/watch?v=gvbf7wqwlbs
Uploaded by corbettreport on Feb 27, 2012
As China, Russia, and the other so-called BRICS nations rise in economic and geopolitical power, interest in these countries' language and culture is increasing in the West. Dr. Thorsten Pattberg of Peking University examines the ways that translation of certain key concepts misrepresents history and culture.

This is the GRTV Feature Interview for Global Research TV with host James Corbett and guest Dr. Thorsten Pattberg.


Terms and Conditions.

[Serpo]

There won't be any speculation in currencies, or even conversions from one currency to another if you have a global currency.

A global currency is not a bad idea. The problem is that if it is a fiat paper global currency, who gets to 'issue' it? The Rothschilds? Then it would have all the same problems that the dollar and Euro have--that whoever issues them, gets to cause depressions and inflations and all kinds of other monetary insanity.

The world has for thousands of years had a global currency. Gold. The Rothschilds think they would back their global currency with gold. But who needs the Rothschilds to do that? Just use gold. Or silver. And have PUBLICLY owned (Not PRIVATELY owned by the Rothschilds) repositories for the gold where the depositories are not allowed to 'lend' money. No usurious fractional reserve lending. Worldwide. Only the owners of the gold could loan it out--not the institutions holding it in trust. The gold will go up in value over time, which would encourage the savers, and make the spenders work harder to pay off their loans.

Gold is honest money. Paper money created by fractional reserve banking lets the issuers steal value (ultimately created by labor) from people who do not issue the money. Either by devaluing the money through inflation, or by constricting its supply and causing deflations where people have to sell off assets (to the bankers) at pennies on the dollar in order to survive. Either way it's theft. Gold is cash. Not credit. Worldwide. No need for a Tobin tax. No need for the Rothschilds.

Hatha

Jeez hatha kinda simple really..........