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Even if happens so that any emitters have gone bankrupt, and their banknotes and
Deposits have lost value. Completely liquid actives will be still connected with
Risk, but who will want (unless temporarily) to hold all actives in
Completely to a liquid form? Never can occur a total disappearance
Any general standard of repayment of debts or destruction of all monetary
Obligations - a final analysis of all large inflations., how it
Could happen, all would leave the depreciated currency and any former
Obligations to carry out in it it would be impossible.
New legal frameworks of a banking
Though the governments also should not interfere with similar processes, should not
To undertake any conscious attempts of the control (that is certificates
Interventions in strict sense of a word), it can appear that for successful
Realisation of new bank activity the new laws providing are necessary
Necessary legal frameworks. It seems, however, doubtful enough that to business
Universal introduction of such rules, for example, by means of acceptance will help
The international contracts. Most likely, in this case to experiments with
Alternative schemes will put the end.
There is no saying, what is the time it is required to the separate countries that
To leave desire to have own currency from purely nationalist or
Prestigious reasons, and to the governments - to cease
To deceive a society, complaining of unjustified infringement of the sovereignty.
Will prefer to receive taxes not in the currency!> All this system, certainly,
It is absolutely incompatible with aspiration to the totalitarian power of any sort.
The chapter XXV. The conclusion
The gold standard - not the decision
Only own interest, instead of good intentions can give good money
The system of competitive paper currencies is how much realizable?
"Movement for a spare cash"
Questions for discussion
Cancellation of the governmental monetary monopoly has been thought up by me as means
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