The money's value?. There is the detail. Middle or end, the paradox.

Money as a medium is —according to Marx in Capital— a general equivalent form of value, which facilitates the exchange of values ​​through it; that is, it facilitates the production and consumption of this good or service.

It is a socially agreed instrument to measure numerically the value of all merchandise to be exchanged; it is a means that allows the temporary preservation of the promise of value between the buyer and the seller; in turn, it facilitates the movement of goods.

It is a liquid financial asset, which does not require authorization and permits from third parties to dispose of it once it has been issued.

In other words, money is essential in a market economy. It is his wise, the blood of the body's circulatory system of this market economy.

However, in the analysis of social phenomena where money is a part, it is forgotten that it is also a commodity. With a certain value in an international money market, "free", since it obeys supply and demand. It is a myth, taking into account that first its value, like that of all currencies, is fixed in the international market. In 1944, its value was referred to a commodity such as gold - the Bretton Wood agreement - but operated through the US dollar, which from then on became the common reference standard, mandatory for all countries in the world seeking to insert themselves in international markets to exchange goods and services, to obtain financing, and so on.

The term PATTERN already contains a meaning and sense of hierarchy of power, right. This allowed him for a little more than two decades, until 1971, to build the hegemony of the dollar, materially and subjectively. Thus a financial architecture was built to suit him —BM, IMF, BPI—; in the collective imagination and unconscious, any national currency was subordinated to the US dollar; it became common in international trade, in countries' international reserves, in credits granted by international banks. Once the time had come, the government of the United States - Richard Nixon president -, acting sovereignly, broke the agreement, as indicated in August 1971. From then on, some coins, which make up a basket of currencies certified by the IMF, they are currencies and are accepted in the international market, and others, those that remain outside, are only currencies for domestic, national use. The issuance of currency now has no brake for those considered currencies but for those of national use - which must be backed by reserves in gold or dollars or space drawing rights of the IMF or another currency. The first structural inequality between countries that goes under the table in the analysis of the socioeconomic phenomenon.

Is it to be able to apply the same models, that this little matter of coins is considered negligible?
The “seigniorage” phenomenon typical of a government by issuing money without support to cover its fiscal deficits, is externalized, in the case of these currencies, now its effects cover the whole world, allowing that country to buy from raw materials to goods and services made with your currency currency. At the cost of the paper money where it was printed, and the ink used; which will be much less in the case of being a digital currency currency.

Indexing salaries, taxes and budget, proposed by some compatriots could be understood, under this perspective, as the final capitulation in this subordination to the US currency? Although it gives an apparent stability, complicated to implement in practice, it seems to definitively cede sovereignty and independence in monetary policy in the hope of controlling the social phenomenon of inflation, which, since we cannot explain it with traditional theories and models, we call it “ induced ”.

The solution that I propose is to recover the currency and to recover its role as a means and not as an end, in an economy that produces and consumes; in a market where securities are exchanged but whose price is not fixed from the outside by the US currency, directly or indirectly; that is a social or subjective valuation established by local use.
An economy that disconnects from these moorings and makes way for new market relations with neighboring peoples and allies, brothers with the same reality, only with differences of degree and form.

Additionally, create a market for the exchange of merchandise -goods and services- produced in the region without the US, for the retailer and the consumer, in local currencies and with the banks of the participating countries, with their system of regional payment. That is, an Amazon and PayPal of its own.

That the population be granted quotas in those currencies, but valid only for purchases in that market.
Minimize financial and commercial intermediation, avoiding speculators.

 

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