Lula da Silva promotes use of local currencies for trade

Saturday, May 16th 2009 - 13:03 UTC

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China and Brazil should conduct business with each other in their own currencies instead of the dollar, a publication quoted Brazil's president Lula da Silva as saying ahead of his trip to Beijing next week. Read full article

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KingoPaupers
Best of all, when the local currency is pegged to the Time Standard of Money (how many dollars/hour child labor) Hours earned locally can be intertraded with other timebanks globally!
In 1999, I paid for 39/40 nights in Europe with an IOU for a night back in Canada worth 5 Hours.
U.N. Millennium Declaration UNILETS Resolution C6 to governments is for a time-based currency to restructure the global financial architecture.
See my banking systems engineering analysis at http://youtube.com/kingofthepaupers
May 17th, 2009 - 08:34 pm - Link - Report abuse 0
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