"Keynes's Bancor idea needs revisiting in wake of Trump" - ABC News
https://www.abc.net.au/news/2026-01-26/trump-us-dollar-keynes-bretton-woods-economy/106260832

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So the world will now have to revisit the conference that set the system up, held at the Mount Washington Hotel in Bretton Woods, New Hampshire, in July 1944.
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There have already been a few attempts at doing something like what Keynes proposed.
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Will any of these things turn into a genuine Keynes-style Bancor? Probably not without another meeting like Bretton Woods.
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#Bancor

Imagine how different our world would be if JM Keynes’ model of an independent default global currency had been adopted instead of the American proposal which has cemented US hegemony ever since.

Where currently the US dollar is the currency against which all others are valued, with penalties for inequality being borne by the poor - thereby placing no checks on accelerating plunder by US interests that drives other countries into poverty & collapse - Keynes’ model requires countries running trade surpluses to balance their trade by buying from countries that run deficits.

Imagine.

For all his shortcomings I have a lot of time for JMKeynes. It was his advice that led to the establishment of the post-war welfare state in Britain. Reading his work 50 years ago was the first time I realised that ALL economic models, including his, were predicated on the idea of infinite growth.

The interconnected nature of global ecosystems was not as clear to folks then as it is now. But Keynes’ clarity about the potential for unimpeded plunder, with catastrophic consequences globally, was spot on.

This is a fascinating read, from economist Alan Kohler.

#Bancor #JohnMaynardKeynes #inequality #plunder #economics #SocialSciences

https://www.abc.net.au/news/2026-01-26/trump-us-dollar-keynes-bretton-woods-economy/106260832?utm_source=abc_news_app&utm_medium=content_shared&utm_campaign=abc_news_app&utm_content=other

on a different note 🎶💵 ...

"that was just the proposal put up at the 1944 conference...
There was another plan that didn't get up, put by JM (Lord) Keynes an economist rather than a politician, which would not have had the US as the predominant global financial power and would have led to an entirely different rule-based #worldorder.

#Keynes's idea was known as "#Bancor", named after the new currency that he proposed. It wouldn't be a unit of money that people could carry in their wallets or, these days, tap with their phones, but a "unit of account" that would be used for transactions between governments and central banks. Its value would be fixed to gold, but adjustable, and all other national #currencies would be pegged to it."

edit "There have already been a few attempts at doing something like what Keynes proposed.

The IMF has an existing reserve asset called the SDR (special drawing rights) and in 2009, the governor of the People's Bank of China called for the SDR to be transformed into a "super-sovereign reserve currency" modelled on Keynes's Bancor to replace the US dollar.

That was opposed by the US and didn't get up, and China didn't have the clout then that it has now."

https://www.abc.net.au/news/2026-01-26/trump-us-dollar-keynes-bretton-woods-economy /106260832

PS: i just broke the link to remove his ugly face... just take out the nbsp/

Has the time for the bancor proposal of Maynard Keynes finally arrived?

#finance #bancor #keynes

Has the time for the bancor proposal of Maynard Keynes finally arrived?

#finance #bancor #keynes

I’ve been talking about the connections between the #Netanyahu family and some of the sketchiest characters in the crypto industry (esp. #Tether co-founder #BrockPierce) for years so I was glad to see #UdiLevy, the former head of #Mossad's economic unit #Tzalsel, starting to ask the same questions of #Qatargate.

Among other things Netanyahu's niece is a part owner of #Bancor, a defi lending platform that imploded in 2022 in hilarious fashion.

Re: #AryehDeri, the man who triggered the mass protests in Israel in 2023, Deri was seen at the groundbreaking for #BrixSoftware, major vendor for #CrossRiverBank, the single largest purveyor of covid relief fraud in the US. CRB received massive investment from #MarcAndreessen's #a16z, both before and after a massive “investment” from a Malaysian police chief who somehow had hundreds of millions of dollars to invest after he “investigated” the #1MDB fraud.

more: https://cryptadamus.substack.com/p/eric-adams-yet-another-crypto-success

#Qatar #uspol #israel #shinbet #palestine #qatargate

Britain anchors the gold standard in international trade through naval supremacy.

U.S. doesn't like Britain using colonies as its private money pump + Britain almost loses a war.

Keynes proposes the #Bancor as a new reserve currency for #InternationalTrade, but U.S. has a better idea - use $.

U.S. goes off the #GoldStandard and enjoys an “exorbitant privilege” of using its own currency to buy the world’s assets.

Present day: are we living through de-dollarization?

https://znetwork.org/znetarticle/are-we-living-through-a-de-dollarization/