Standard of deferred payment - Revision history

80.186.81.123: fix bad grammar

2003-11-26T12:55:44Z

fix bad grammar

← Older revision		Revision as of 12:55, 26 November 2003
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	The [[US dollar]] serves as the standard of deferred payment under [[globalization]] so far, this is called being the "[[w:global reserve currency]]". However, since the US dollar is not as reliable as other [[store of value]], this can be problematic and give the US government too much power:		The [[US dollar]] serves as the standard of deferred payment under [[globalization]] so far, this is called being the "[[w:global reserve currency]]". However, since the US dollar is not as reliable as other [[store of value]], this can be problematic and give the US government too much power:

	Through the currency futures markets ~~kind of~~ a [[prediction market]] about [[currency]] value, [[financial capital]] achieves its so-called "[[spot market price]]". Very often the fate of whole countries or industries rests on this one number, as the [[commodity markets]] relate all [[natural resources]] to this value. If this is the US dollar, then, it depends on what the US decides to "protect" by enforcing [[w:property rights]] in.		Through the currency futures markets, a [[prediction market]] about [[currency]] value, [[financial capital]] achieves its so-called "[[spot market price]]". Very often the fate of whole countries or industries rests on this one number, as the [[commodity markets]] relate all [[natural resources]] to this value. If this is the US dollar, then, it depends on what the US decides to "protect" by enforcing [[w:property rights]] in.

	Using this kind of system to set standards for deferred payment rather than something more objective like [[oil]] or [[petajoule]]s, or something more relevant to [[quality of life]] like [[free time]] or [[measuring well-being]], is considered insane by [[Greens]], who motivate most talk on [[monetary reform]].		Using this kind of system to set standards for deferred payment rather than something more objective like [[oil]] or [[petajoule]]s, or something more relevant to [[quality of life]] like [[free time]] or [[measuring well-being]], is considered insane by [[Greens]], who motivate most talk on [[monetary reform]].

80.186.81.123: w:Bond market -> currency futures market

2003-11-26T12:55:18Z

w:Bond market -> currency futures market

← Older revision		Revision as of 12:55, 26 November 2003
Line 5:		Line 5:
	The [[US dollar]] serves as the standard of deferred payment under [[globalization]] so far, this is called being the "[[w:global reserve currency]]". However, since the US dollar is not as reliable as other [[store of value]], this can be problematic and give the US government too much power:		The [[US dollar]] serves as the standard of deferred payment under [[globalization]] so far, this is called being the "[[w:global reserve currency]]". However, since the US dollar is not as reliable as other [[store of value]], this can be problematic and give the US government too much power:

	Through the ~~[[w:bond market]],~~ kind of a [[prediction market]] about [[currency]] value, [[financial capital]] achieves its so-called "[[spot market price]]". Very often the fate of whole countries or industries rests on this one number, as the [[commodity markets]] relate all [[natural resources]] to this value. If this is the US dollar, then, it depends on what the US decides to "protect" by enforcing [[w:property rights]] in.		Through the currency futures markets kind of a [[prediction market]] about [[currency]] value, [[financial capital]] achieves its so-called "[[spot market price]]". Very often the fate of whole countries or industries rests on this one number, as the [[commodity markets]] relate all [[natural resources]] to this value. If this is the US dollar, then, it depends on what the US decides to "protect" by enforcing [[w:property rights]] in.

	Using this kind of system to set standards for deferred payment rather than something more objective like [[oil]] or [[petajoule]]s, or something more relevant to [[quality of life]] like [[free time]] or [[measuring well-being]], is considered insane by [[Greens]], who motivate most talk on [[monetary reform]].		Using this kind of system to set standards for deferred payment rather than something more objective like [[oil]] or [[petajoule]]s, or something more relevant to [[quality of life]] like [[free time]] or [[measuring well-being]], is considered insane by [[Greens]], who motivate most talk on [[monetary reform]].

142.177.81.103: more out-links on issues we won't need to discuss here directly, leaving open links where a discussion, e.g. commodity markets needs to exist here

2003-11-25T21:18:19Z

more out-links on issues we won't need to discuss here directly, leaving open links where a discussion, e.g. commodity markets needs to exist here

← Older revision		Revision as of 21:18, 25 November 2003
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	See [[w:standard of deferred payment]] for a detailed discussion of theory.		See [[w:standard of deferred payment]] for a detailed discussion of theory.

	The [[US dollar]] serves as the standard of deferred payment under [[globalization]] so far, this is called being the "[[global reserve currency]]". However, since the US dollar is not as reliable as other [[store of value]], this can be problematic and give the US government too much power:		The [[US dollar]] serves as the standard of deferred payment under [[globalization]] so far, this is called being the "[[w:global reserve currency]]". However, since the US dollar is not as reliable as other [[store of value]], this can be problematic and give the US government too much power:

	Through the [[bond market]], kind of a [[prediction market]] about [[currency]] value, [[financial capital]] achieves its so-called "[[spot market price]]". Very often the fate of whole countries or industries rests on this one number, as the [[commodity markets]] relate all [[natural resources]] to this value. If this is the US dollar, then, it depends on what the US decides to "protect" by enforcing [[property rights]] in.		Through the [[w:bond market]], kind of a [[prediction market]] about [[currency]] value, [[financial capital]] achieves its so-called "[[spot market price]]". Very often the fate of whole countries or industries rests on this one number, as the [[commodity markets]] relate all [[natural resources]] to this value. If this is the US dollar, then, it depends on what the US decides to "protect" by enforcing [[w:property rights]] in.

	Using this kind of system to set standards for deferred payment rather than something more objective like [[oil]] or [[petajoule]]s, or something more relevant to [[quality of life]] like [[free time]] or [[measuring well-being]], is considered insane by [[Greens]], who motivate most talk on [[monetary reform]].		Using this kind of system to set standards for deferred payment rather than something more objective like [[oil]] or [[petajoule]]s, or something more relevant to [[quality of life]] like [[free time]] or [[measuring well-being]], is considered insane by [[Greens]], who motivate most talk on [[monetary reform]].

142.177.81.103 at 21:13, 25 November 2003

2003-11-25T21:13:02Z

New page

'''Standard of deferred payment''' is one of the functions of [[money]].

See [[w:standard of deferred payment]] for a detailed discussion of theory.

The [[US dollar]] serves as the standard of deferred payment under [[globalization]] so far, this is called being the "[[global reserve currency]]". However, since the US dollar is not as reliable as other [[store of value]], this can be problematic and give the US government too much power:

Through the [[bond market]], kind of a [[prediction market]] about [[currency]] value, [[financial capital]] achieves its so-called "[[spot market price]]". Very often the fate of whole countries or industries rests on this one number, as the [[commodity markets]] relate all [[natural resources]] to this value. If this is the US dollar, then, it depends on what the US decides to "protect" by enforcing [[property rights]] in.

Using this kind of system to set standards for deferred payment rather than something more objective like [[oil]] or [[petajoule]]s, or something more relevant to [[quality of life]] like [[free time]] or [[measuring well-being]], is considered insane by [[Greens]], who motivate most talk on [[monetary reform]].