Currencies for different use

Ted Seeber writes in his blog Outside the asylum as,


Thus I argue that we need to separate the uses of money better- into four worldwide currencies:
- Currency A is a value store- it defines the value of the other three currencies, and you can only transfer wealth in one currency to another through Currency A, but you can’t charge or receive interest in Currency A.
- Currency B is for Business Cash Flow, and as such, has an expiration date, use it or lose it. MOST people and companies will get their paychecks in Currency B, and pay their bills in Currency B, and it will expire at the end of the fiscal year if not converted to Currency A.
- Currency C is for Credit. You can borrow Currency C, but it must be changed to Currency A to be converted to B or D, and you pay interest on borrowing it. Currency C’s interest rate is fixed, pegged at time of borrowing at CPI-1% to prevent usury. Currency C is Secured Debt- you need some collateral to get it- and is cosigned by the government, much like FDIC does with your bank account today, to prevent loss. HOWEVER, fractional reserve banking will no longer be allowed- a bank will NOT be able to lend out more money than it has on hand.
- Currency D is Debt Gambling. Currency D is the chips you get in exchange for currency A at the casino, or the stocks you get in exchange for currency A at the stock market, or the bonds you get for currency A at the bond market. Currency D is only used by gamblers. On the plus side, you might win big- but on the minus side, you might lose everything. The purpose of Currency D? To remove the effects of gambling from Currencies A and B. Currency A money paid for Currency D usually becomes some form of Currency A money exchanged for Currency C.
We already have Currency A, B, C, and D in our society- but by requiring all conversions to go through currency A, this gives us control over the Bubbles. Also, in the current form, we're kind of missing a real currency A- and as this article suggests the search for currency A quality investments was a big cause of the credit bubble.




Drastic change of use (Score:1)
by Mer_panacea (1381133) on 2009.02.05 21:25 (#26735629) Homepage Journal
As you insightfully pointed out, the meaning of money we use daily has been already changed drastically, but we still use the same unit. That doesn't reflect the reality.
On the contrary, many currencies are used on the globe -dollar, yen, pound, and euro, etc. Why not use those currencies for purpose-oriented ones as you mentioned above? Many currencies were used in different regions first. Those will be used in differnet ways in the future. We can make the most of existing currencies without eliminating them.
That's not a bad idea, I think..
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