The Chinese Drachma. Greece Adopts Chinese Remindi as its Currency

This blog site is generated from the simple Idea of positive money in a digital dollar form of a single granular unit of digital, uniquely serialized money with a value of 1 held in a digital repository with knowledge of its relationship to an owning account.  Money in the repository does not move from account to account as ownership changes.  Only account ownership of fixed individual digital dollars changes based on monetary transactions.  These digital dollars are debt free positive money that exist forever once created.

Crazy paradigm shift idea from money being created from nothing by virtue of a loan made by a bank and going back to nothing when the loan is repaid (negative money) to a positive money that like coins are created debt free.

Crazy idea.  Simple and elegant to me but crazy to an economist or a especially a banker or financier.

I like crazy simple ideas written on the wall.  Ideas like this one:

How a Chinese puzzle could enable the Greeks to have the last laugh by David McWillliams

Ecuador currently uses the US Dollar as its national currency.  Why doesn't Greece use a national currency of choice?

The beauty of it is that China uses an economically weak country in the heart of an extracting economic union to turn the tables of the extractor.  China is a great producer.  The problem is that it had no toe hold or foot in the door to enter markets like the United States.  It entered via  an agency called Walmart.  Made the Waltons rich.  

 What sweet revenge when Greece becomes a gateway for China to compete with Germany for the money of the EU and takes its cut on the extraction action!

It is so crazy I love it! 

From the link:

"The Chinese get a foothold into Europe. They invest billions into Greece, where they reassemble Chinese goods into Europe with no tariffs or hassle. They gradually move up the value curve, making ever more sophisticated goods in Greece – just as the Americans have done here.

They can even use the Greek tax system to reduce the taxes they have to pay, just like the Americans have done here. And, of course, it would be a massive diplomatic and geo-political coup for the Chinese."

"The Greeks would get a stable currency, lots of liquidity into their banking system and a currency backed by real economic logic. They would get industry and technology, so that the next generation of Greek kids could work in spotless hi-tech factories, exporting hi-tech consumer goods into Europe.

Oh yes, and lastly, who would lose most over a generation? Which European country has most to fear from its consumer goods being eviscerated by Chinese competition?

Why, Germany of course! Wouldn’t it be sweet revenge for Athens that, after being humiliated by the Germans, Greece would be the staging post for a commercial assault on Germany that would terrify the Bundestag?

Everything I have said above is doable, legal and possible within Greece’s membership of the EU."

crazyboy ain't so crazy, or as crazy as me?