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[quote user="limitgov"] Q1: In essence Bank of America has its own notes as does chase and now markets have to pay for the overhead in maintaining such a number of different currencies and prices of goods have to be constantly changed per the currency you hold as in buying a can of beans may...
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I just read an article saying that it appears that China, and perhaps the other BRIC countries, is exploring (and actively moving toward) the idea of implementing Keynes Bankor global currency idea. Does anyone know anything about this proposal and its consequences? There is no mention of it on Wikipedia...
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For a for-profit issuer, I could see capital gains tax being an issue. However, non-profit issuers are exempt from registration and disclosure requirements of the 1933 Securities Act, listed as "any security issued by a person organized and operated exclusively for religious, educational, benevolent...