Wow, stunning.
You know that the time is right for a disruptive technology when nobody can agree what’s floating the World Currency. Will there be deflation, Inflation, or a new currency altogether?
We believe that a new currency will emerge.
It will be called a Rallod (dollar spelled backwards), similar to a dollar, except corrected to represent real human productivity. It will be exchanged in a new social media application and supporting institutions will be crowd sourced. If you think we’re nuts, you haven’t been reading this blog long enough. If we don’t succeed, there will be someone behind us trying.
Never, ever, ever underestimate the cloud; the source of all rain upon which rising tides float all ships, yadda, yadda, etc…..
Conversational Currency
Imagine people owning their knowledge assets like real property? Imagine that people trade knowledge assets like financial instruments? Imagine if they can bundle and securitize knowledge assets like the WS glory days did with debt (debt is really just a future contract on knowledge assets)? Far off? Think again….
In the mean time; here are some interesting articles aggregated by McKinsey:
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As the US economy emerges from the crisis, there’s little consensus on what lies ahead. Economic forecaster David Levy says chronic high unemployment will lead to, at worst, slight deflation. While former Fortune writer and financial adviser Al Ehrbar says, not so fast: with the Federal Reserve having flooded the market with dollars, massive inflation is likely.
Read Here
Plus: What Matters continues the conversation on the fate of the dollar:
GENG XIAO: Why the Chinese will not bail out the dollar by allowing the renminbi to appreciate
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BENN STEIL: There are steep downsides to both a strong dollar and weak dollar policy
Read here
GERARD LYONS: Whether or not the dollar will topple isn’t in doubt, only its speed of decline is
Read Here:
MARTIN GILMAN: Now that the United States is a debtor nation, its currency can no longer dominate
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CHARLES WYPLOSZ: The dollar is the worst international currency, except for all the others
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TIM ADAMS: The dollar’s share may shrink, but it will continue to dominate
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MICHAEL MANDEL: Beware of a dollar crash if the United States loses its innovation edge
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JEFFREY GARTEN: The question isn’t if the dollar will be replaced–it’s when and how
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Join the conversation at WHAT MATTERS
Here
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