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Sunday, May 04, 2008

Rice and other natural money

As you may know a few South-East countries want to establish the cartel in order to manage the situation with the tripled price of rice.

The Asian Development Bank opposes that initiative.

I don't know how this kind of cartel can assist its members in preventing price war and risks of hunger. It depends on how their monetary system is being connected with the global monetary system. But if to think about rice money similar to oil & gas money, the creators of rice money might benefit twice - by forming both rice based market with fair and controlled prices and rice money emission center. It would be good and for those who can supply goods and services needed for rice producers.

Rice money, oil & gas money and other natural money might be mutually exchangeable like USD, EUR, GBP, etc.


Nikolay Kryachkov said...

The Global Natural Money Board.

Nikolay Kryachkov said...

An important note from merinews:

"Leaders of Asian economies should start positive talk about such cartel. Oil reserves have some limit beyond which the oil field are going to be dark field but there is nothing like reserves in case of rice and applying some modern techniques, keeping the fertility of land intact one can harvest rice year-by-year to an imaginative number of years.

In such a situation, rice cartel will be stronger than oil cartel and it is bound to bring prosperity in the laggard Asian region. If the thought is materialised, the next decade will be of rice exporting countries and that too of Asian countries only. If west has accepted oil cartel like OPEC, sooner or latter they will also accept rice cartel OREC".

Nikolay Kryachkov said...

Rice price surge is defying Asia’s ingenuity

Ender said...

Kind Sir(s), I would welcome your input on an old topic that you may have experience with. If so, your insight is welcome. If not, you participation may open new doors. Please see

Nikolay Kryachkov said...

When the US will use gold based USD?

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