You are viewing a single comment's thread.

view the rest of the comments →

0
10

[–] o0shad0o 0 points 10 points (+10|-0) ago 

Neither Russia nor Japan would do it because they have their own interests in controlling the economy. Poland might be plucky enough to try, but they'd wind up financially isolated.

1
4

[–] obvious-throwaway- 1 points 4 points (+5|-1) ago 

I always wonder why we countries create systems where they can never do things independently. You'd think it would be a countries #1 priority. Make sure you have enough mines for resources, enough farms for food and enough skilled labor that you could survive independently with the necessities indefinitely. Exporting and importing should be afterthoughts, not the entire basis of your economy. It's not like the ancient Romans freaked out when the Native Americans boycotted their goods.

0
4

[–] barraccuda 0 points 4 points (+4|-0) ago 

Its easier to slide into a global totalitarian state if you interconnect all the economic systems and squeeze nations into a state of dependence, like cattle.

0
4

[–] o0shad0o 0 points 4 points (+4|-0) ago 

There's always things that you have trouble getting locally, even if you only stick to necessities. For most countries it's energy. While the US has its own oil reserves, it was made a policy to get it from elsewhere first in order to hang on to the local stuff for after it starts getting more difficult to pump. And it was cheaper to order rare earth metals from (and dump the refining toxicity in) China.

And then there's the fripperies that some people just can't do without: Coffee. Tea. Chocolate. They only grow well in certain parts of the world.

While it's not impossible to do business with other countries without a currency exchange system, it does make things easier.

0
0

[–] gazillions 0 points 0 points (+0|-0) ago 

The goal here is to take down the people that hold half of all the money in the world and redistribute that money free market capitalist style.

0
0

[–] SigniferLux 0 points 0 points (+0|-0) ago 

That would only work locally though, and it probably already is. How could someone retrieve his money from a Russian bank if he is in the US, if not through a local bank?

0
1

[–] o0shad0o 0 points 1 points (+1|-0) ago 

You might have to go to Russia, use the money in that bank to buy a commodity (gold perhaps), and bring it back. Assuming there weren't export/import controls on that commodity.

You might also have to deal with a private money changer/transporter, who would tack on a hefty surcharge. (That, by the way, is how the Rothschilds started their business, transferring funds from countries with severe currency controls.)