currency

[belovelife]

i submit that we make a new world wide currency
one that unites all nations and consideres each nations currency equivelent to our new system
based on this theory, every child gets an allowance
every adult gets an allowance
and the pay scale is upgraded in relationship to the amount of education, community involvment, moral judgment, and trade skill

now to start this, we'll call it the universal credit
where one universal credit buys one unit of food
where the unit of food would be
10kg of rice

10 universal credits buys a video game

100 universal credits buys a bycicle

a one k universal credit buys an electric car (metric)

etc.

anyone think this is a good idea
if so, add an item and how many universal credits you think it should cost

the universal credit symbol will be a peace sign

and 50cUC would buy a chocolate bar

[belovelife]

so currency tradin value would be the cost of rice with a cap on how much you can trade in at one point in time

[Theory5]

now to start this, we'll call it the universal credit
where one universal credit buys one unit of food
where the unit of food would be
10kg of rice

10 universal credits buys a video game

100 universal credits buys a bycicle

a one k universal credit buys an electric car (metric)

etc.

What if you dont like rice?
Sounds like you are jumping all over the place here. It is a great idea to make a common form of currency, but it would cost a bunch to print a circulate an entirely new form of currency. Who would distribute it, regulate it? How long would it take to take all the other forms of money out of circulation?
What would the currency be based on? Gold like the US dollar is (was)? Or food? How can you buy 5kg's of rice?
Don't get me wrong, it is a good idea, you just need to plan it out a little bit more.

Originally Posted by belovelife

so currency tradin value would be the cost of rice with a cap on how much you can trade in at one point in time

A limit on how much you can trade? What point would that be? That would only allow more control over the people. There would be no point to it. Suppose you live in some tiny settlement in Russia, and you only go into town a couple times a year?