Wow! I never thought that I'd see such an experiment in my life time...

CFR proposes “Print Less but Transfer More: Why Central Banks Should Give Money Directly
to the People"

And what happens to banks? This is a bank bypass move? imagine getting credit from a CB like a commercial bank does for onward lending. Crazy stuff?!

A solid admission that the global monetary system has failed to shake off the GFC disaster!

This experiment will definite spike inflation which has refused to rise with the record printing by CBs in QE form as the money refused to trickle down to the bottom of the pyramid. Now the CB will hand out money to that level. Inflation galore which is what they want anyway to boost spending/consumerism!? Hyperinflation coming up if inflation spikes uncontrollably...

http://www.mining.com/we...-very-bullish-for-gold/

http://investmentwatchbl...onsumers-cash-directly/

Flagging @kk @kizee1 @scubidu @cde @deal @mwekezaji @vvs - central banking goes nuts during our lifetime!?

If we went back to basics, which at this point is very scary, of what is money, then we can remember that money is designed to be scarce. Why people engage in economic activities. I've been through this hyper-inflation - Zim Edition. Best thing is indeed to re-balance this global system.

The Italian job is getting tricky

Its still Spainful

@Hisah. This is a throwback to Liberalitas during Roman times. In ancient Roman culture, liberalitas was the virtue of giving without restraint (from liber, "free"), hence generosity. On coins, a political leader of the Roman Republic or an emperor of the Imperial era may be depicted as showcasing largess to the Roman people, with liberalitas embodied as a goddess at his side.

You can see this depicted on Roman coins such as those of Hadrian Denarius. IMP CAESAR TRAIAN HADRIANVS AVG, laureate head right / P M TR P COS III, LIBERAL AVG III below, Hadrian seated on platform distributing money to citizen in toga:




Balbinus Denarius. 238 AD. IMP C D CAEL BALBINVS AVG, laureate draped bust right / LIBERALITAS AVGVSTORVM, Liberalitas standing left holding coin counter & cornucopiae:




Severus Alexander AV Aureus. Struck 226 AD. IMP C M AVR SEV ALEXAND AVG, laureate, draped and cuirassed bust right, seen from front / P M TR P V COS II P P, LIB AVG III in exergue, Severus Alexander, laureate and togate, seated left on curule chair set on low daïs, extending right hand to small figure climbing stairs holding out fold of toga to receive tessera; Liberalitas standing to left, holding abacus and cornucopiae.



History rhymes.

Interesting read here too. Afro-Global perspective. Deep in culture, history and futuristic insights.

Yoweri Museveni: Why Africa Must Unite Politically http://www.africanglobe....rica-unite-politically/

My take is we let Africa integrate socio-economically 1st. Let the people & business interact 1st. Politics at the very last (if at all). Internals can be duni enough as they are to extrapolate wider.