Decentralisation of Currency Bill [Failed] (user search)
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  Decentralisation of Currency Bill [Failed] (search mode)
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Author Topic: Decentralisation of Currency Bill [Failed]  (Read 3301 times)
MaxQue
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Posts: 12,642
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« on: October 14, 2009, 10:54:18 PM »

At least explain what the need for this is. What problems do we have, and how does this solve it? This seems like an unnecessary change.

Marokai, I just explained that it helps regulate banking. Banks are obliged to have their reserves certified by the Treasury each month. They cannot hide their ture value of assets (except with overly creative and probably illegal accounting Tongue) from the government and, as this is public data; from the public and from the market.

The simpler solution of forcing banks to have their reserves certified by the Treasury each month, I think. Same effects, much simpler.
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MaxQue
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Posts: 12,642
Canada


« Reply #1 on: October 18, 2009, 11:59:45 PM »

Nay
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