Post by juergen on Jan 28, 2009 5:59:06 GMT -5
“MONEY “ - this word is one of the world’s most important tasks.
The introduction of an Imperial monetary politic depends on the prevailing monetary standards. As long as money is a commodity - gold and/or silver coins - exchange parities are close to the relationship between the content of the coinage in circulation. Therefore few rules and no common institutions (central banks) are needed. This politic will be a monetary identity throughout the Holzer Reich and a great advantage for international/national trades.
Three metals of monetary usage - gold, silver and copper shall be used to mint the Imperial coins :
. Gold = reserved for payments in nation-to-nation dealings.
. Silver = useful on citizen level, because gold is too rare for a common daily transactions.
. Copper = used mainly as a medium for small exchanges.
If the Gold Standard System will be based on honest weights and measures, the purchasing power would remain constant, interest rates are stable and long-range planning is simplified - consequently = stock market gamblers are jobless.
The Imperial Treasury shall be charged to support business and regulate the state's finances; a metal-based currency, with FOUR THOUSAND THALER value fixed at ONE KILOGRAM of PURE GOLD.
The gold standard is not perfect; however, it is the most trustful monetary system.
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Now you shall plan carefully what you can do.
