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September 18, 2003

Hovering at the edge of bankruptcy

Leaving aside the grave problem of oppressive foreign debts facing developing nations, let's take a look at the industrial nations, which are - technically speaking - no better off than their poorer brethren. The US has accumulated a debt close to an astounding 7 trillion dollars which, according to the Congressional Budget Office is conservatively estimated to grow to 9 trillion within this decade. The average industrialized nation is indebted to the tune of more or less a year's gross national product, less than the US but still serious enough to leave no hope of ever repaying. "Debt service" - that is the payment of interest - eats up sizeable proportions of each national budget. Tax income is spent on paying interest, rather than constructing infrastructure. Our planetary economy, at least from the viewpoint of single nations, is hovering right there, at the edge of bankruptcy.

According to Rep. James Traficant, Jr., the US has been taken over for all intents and purposes by the banking powers who are "financing" the activities of governments, close to a century ago. Traficant quotes the United States Congressional Record of 17 March, 1933 to prove that point. He shows that the US is technically bankrupt and is actually owned by the banks. The situation of an overwhelming debt is rather widespread, not limited by any means to the US alone.

This would seem a good reason to put our minds to the task of working out a workable alternative to the control of our economic activities by international financial institutions.

While I do not agree with the solution advocated by Trafficant and others - to link currency to gold or other precious metals - the article on the bankruptcy of the United States does give us an idea of how grave the situation really is. The message is that if we are to find a way out of world wide bankruptcy, we better start looking at alternatives.

- - -

The Bankruptcy of The United States
United States Congressional Record, March 17, 1993 Vol. 33, page H-1303


Speaker-Rep. James Traficant, Jr. (Ohio) addressing the House:

"Mr. Speaker, we are here now in chapter 11. Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully, a blueprint for our future. There are some who say it is a coroner's report that will lead to our demise.

It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.

The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: "The U.S. Secretary of Treasury receives no compensation for representing the United States."

Gold and silver were such a powerful money during the founding of the united states of America, that the founding fathers declared that only gold or silver coins can be "money" in America. Since gold and silver coinage were heavy and inconvenient for a lot of transactions, they were stored in banks and a claim check was issued as a money substitute. People traded their coupons as money, or "currency." Currency is not money, but a money substitute. Redeemable currency must promise to pay a dollar equivalent in gold or silver money. Federal Reserve Notes (FRNs) make no such promises, and are not "money." A Federal Reserve Note is a debt obligation of the federal United States government, not "money?' The federal United States government and the U.S. Congress were not and have never been authorized by the Constitution for the united states of America to issue currency of any kind, but only lawful money - gold and silver coin. It is essential that we comprehend the distinction between real money and paper money substitute. One cannot get rich by accumulating money substitutes, one can only get deeper into debt. We the People no longer have any "money." Most Americans have not been paid any "money" for a very long time, perhaps not in their entire life. Now do you comprehend why you feel broke? Now, do you understand why you are "bankrupt," along with the rest of the country?

Federal Reserve Notes (FRNs) are unsigned checks written on a closed account. FRNs are an inflatable paper system designed to create debt through inflation (devaluation of currency). when ever there is an increase of the supply of a money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs.

Inflation is an invisible form of taxation that irresponsible governments inflict on their citizens. The Federal Reserve Bank who controls the supply and movement of FRNs has everybody fooled. They have access to an unlimited supply of FRNs, paying only for the printing costs of what they need. FRNs are nothing more than promissory notes for U.S. Treasury securities (T-Bills) - a promise to pay the debt to the Federal Reserve Bank. There is a fundamental difference between "paying" and "discharging" a debt. To pay a debt, you must pay with value or substance (i.e. gold, silver, barter or a commodity). With FRNs, you can only discharge a debt. You cannot pay a debt with a debt currency system. You cannot service a debt with a currency that has no backing in value or substance. No contract in Common law is valid unless it involves an exchange of "good & valuable consideration." Un-payable debt transfers power and control to the sovereign power structure that has no interest in money, law, equity or justice because they have so much wealth already.

Their lust is for power and control. Since the inception of central banking, they have controlled the fates of nations.

The Federal Reserve System is based on the Canon law and the principles of sovereignty protected in the Constitution and the Bill of Rights. In fact, the international bankers used a "Canon Law Trust" as their model, adding stock and naming it a "Joint Stock Trust." The U.S. Congress had passed a law making it illegal for any legal "person" to duplicate a "Joint Stock Trust" in 1873. The Federal Reserve Act was legislated post-facto (to 1870), although post-facto laws are strictly forbidden by the Constitution. [1:9:3] The Federal Reserve System is a sovereign power structure separate and distinct from the federal United States government. The Federal Reserve is a maritime lender, and/or maritime insurance underwriter to the federal United States operting exclusively under Admiralty/Maritime law. The lender or underwriter bears the risks, and the Maritime law compelling specific performance in paying the interest, or premiums are the same.

Assets of the debtor can also be hypothecated (to pledge something as a security without taking possession of it.) as security by the lender or underwriter. The Federal Reserve Act stipulated that the interest on the debt was to be paid in gold. There was no stipulation in the Federal Reserve Act for ever paying the principal.

Prior to 1913, most Americans owned clear, allodial title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913) "Hypothecated" all property within the federal United States to the Board of Governors of the Federal Reserve - in which the Trustees (stockholders) held legal title. The U.S. citizen (tenant, franchisee) was registered as a "beneficiary" of the trust via his/her birth certificate. In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their "subjects," the 14th Amendment U.S. citizen, to the Federal Reserve System.

In return, the Federal Reserve System agreed to extend the federal United States corporation all the credit "money substitute" it needed. Like any other debtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan. Since the federal United States didn't have any assets, they assigned the private property of their "economic slaves", the U.S. citizens as collateral against the un-payable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers.

Unwittingly, America has returned to its pre-American Revolution, feudal roots whereby all land is held by a sovereign and the common people had no rights to hold allodial title to property. Once again, We the People are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank. We the people have exchanged one master for another.

This has been going on for over eighty years without the "informed knowledge" of the American people, without a voice protesting loud enough. Now it's easy to grasp why America is fundamentally bankrupt.

Why don't more people own their properties outright?

Why are 90% of Americans mortgaged to the hilt and have little or no assets after all debts and liabilities have been paid? Why does it feel like you are working harder and harder and getting less and less?

We are reaping what has been sown, and the results of our harvest is a painful bankruptcy, and a foreclosure on American property, precious liberties, and a way of life. Few of our elected representatives in Washington, D.C. have dared to tell the truth. The federal United States is bankrupt. Our children will inherit this un-payable debt, and the tyranny to enforce paying it.

America has become completely bankrupt in world leadership, financial credit and its reputation for courage, vision and human rights. This is an undeclared economic war, bankruptcy, and economic slavery of the most corrupt order! Wake up America! Take back your Country."

Here follows an exchange of e-mails between myself and Fransy, who forwarded the article.

From: Josef Hasslberger
To: - Fransy
Sent: Tuesday, September 16, 2003 5:11 PM
Subject: Re: US is truly Bankrupt

Interesting article, Fransy,

although there are some factual mistakes in it.

An example is "when ever there is an increase of the supply of a money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs".

This is not quite correct. Inflation occurs when there is too much money in circulation in relation to the goods and services produced and offered for sale in the currency area. Money mass needs to follow economic activity (what is being offered) and not the availability of gold or silver, or any other "precious" commodity. To say money inflates because there is no gold and silver backing is like saying our car stopped because it did not have chrome embellishments, or because it was made from alluminium rather than steel. The backing of currency is economic activity.

And another one: "You cannot service a debt with a currency that has no backing in value or substance."

The backing of a currency is the economic activity of the area. The reason currency is accepted for payment of debt is that whoever accepts the currency has trust that they can spend that currency in turn to buy what they want at a later time. Simple as that. It has nothing to do with precious metals or other "values" backing the currency. Just think about how much gold would be needed to back all the currency needed for commercial transactions in the world. The nonsense is immediately visible. Gold is not available in sufficient amounts to cover even an infinitesimal part of that need. Gold backing for a currency might look good but it becomes an economic straitjacket as soon as the economy needs more money because it has to adapt to a more productive time. Precious metals are the very thing that allowed money to be made scarse and get us into the precarious situation we are in today.

You might also want to see a recent article of mine on the argument:

The Golden Dream of Islamic Currency

Kind regards
Josef

Reply from Fransy:

From: "- Fransy"
To: "Josef Hasslberger"
Subject: Re: US is truly Bankrupt
Date: Thu, 18 Sep 2003 01:39:03 +0200

No Joseph, you are falling into their debt trap. NEVER in the history of humanity has any power in charge been able to restrain itself from print, print, print worthless fiat money to fulfill their own agenda. NEVER. And it isn't going to start now!

Any standard value monitoring the printing press in needed. And sorry, economic activity is anything but standard!

Fiat money opens the gates for all possible abuses and they sure don't want it stopped. Because with the big scam of sustainable development, imposed by WB,IMF, and WTO is only possible because fiat money (easily) allows to legally put any and all economic activities in selected corporations hands. Through fully rigged banking system of course.

That's why Nesara is absolutely needed to put back some sense in all that fiat nonsense!

Fransy

My final comment in this exchange

Date: Thu, 18 Sep 2003 15:07:32 +0200
To: "- Fransy"
From: Josef Hasslberger
Subject: Re: US is truly Bankrupt

Hi Fransy,

you are right that powers in charge will print money to their liking. That's why a strict regulation and parameters are needed on how much money will be brought into circulation. The quantity must be compatible with the needs of the economic area being served by any one currency, and the money must not be put into circulation by the banks as is currently the case. It would be ideal to have a dedicated monetary authority that is neither controlled by the government nor by the banks, which issues money only when justified by economic indicators, and in that case issues the money as a proportional credit to all participants (natural persons) in the economic area.

Gold or any precious metal will restrain the issuance of money, that's true, but it is not flexible enough to allow the economy to grow. There simply isn't enough of it to begin with, and there is no mechanism whereby the gold coverage can be adapted to changing economic conditions.

So we WILL need to figure out how to reign in the money lords, but gold is certainly not the answer. That is why I believe that NESARA will not be a conclusive handling, even if it does get off the ground.

Kind regards
Josef

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posted by Sepp Hasslberger on Thursday September 18 2003
updated on Tuesday December 21 2010

URL of this article:
http://www.newmediaexplorer.org/sepp/2003/09/18/hovering_at_the_edge_of_bankruptcy.htm

 


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Readers' Comments


Egregio signor Hasslberger,
Le mando il testo di una lettera che scrissi all'Europa.
Cordiali saluti
Nereo Villa

First Name: Nereo
Last Name: Villa
Profession: Musician
As write occupation: Publication: "Biblical Science of Numbers. Consideration on sacred mathematics". Edit. 1995; "The sacred symbol of rainbow. Biblical science of numbers on reincarnation". Edit. SeaR 1998.

Castell'Arquato, 17 agosto 2002

Dear Sirs,
in his E-Mail of July 10,2202 (prot.. MPS A4650) the hon. Jean-Louis A. Cougnon of the Division of the European Parliament for the correspondence exchange between the Citizen, thanks me to make him aware, on large view, of the argumentation on the possible realization of the "Monetary Taxation", project for a new taxable paradigm (studied by myself and, related to the actual cultural materialism having the only "defect" of being ┬ů┬ů illusory) and he suggest me to submit the same at competence of yours, assuring me that the General Management "will take care to send me all the information and the possible guidance actually in exam".

The Project is based on the following simple considerations: when going shopping everyday, some changes remain in our pockets. If we add all the changes of the general saving that goes into banks, we can have what is called a "pool". To tax the last one, instead of the income, is the base idea , since the actual system of taxation (incoming) is bringing several damages to everyone. The idea come from a logical need finalized to a possible monetary socialization. The idea, to be natural, it should, first of all, comply with the natural cycle of death and resurrection (or monetary "apocatastasy") in the way that the currency should represent this cycle through its temporal date, to be defined. Only with a dated currency we should have confidence in a social taxation that really promotes a monetary socialization. Why? Because if we buy one kilo of meat today, or in the next future, it should always be estimated depending on its effective value of consumption. If compared to a kilo of meat, the money could take a different value, that is not the same for meat in relation to whom that have to eat the meat. In fact is of great importance eating meat within a certain period of time, because otherwise it perishes, so it can have value only within a certain period of time. Even this become part of the field of economics consideration made by myself : the fact means that are perishing all the things that are the real objects of consumption. If we want really use money as equivalent for an equal exchange, in front of perishable goods we have truly an illegitimate and unfair competitor, because just on the common circumstances money seems never perish, while in the reality we can see that decreases continuously and the first to be aware of this are the housekeepers. If the price of food is today higher than yesterday, the cause is not in the food itself, but in the money, only in the money. And if today on the currency you can read the same amount, in the reality it become to lie, because its value is got down instead. But it doesn't smell, on the contrary it shows a characteristic perfume indeed, called "perfume of money" that bind continuously the stock exchanges and gamblers, professional speculative traders on that fraud of the "money-god" and make them jump over to the carcasses like jackals on the fetid carcass. All this depend on the fact that through the monetary issue of the central bank something abstract goes into the economical process that in sense of real economy doesn't exist.

The real economic sense of money is in fact that, through this process, even money can go through changes. Is this, first of all the reason of dating money: repair the mistakes that make fall in the abyss of superstition, where the abstract rules over the real. Today, the urgent commitment is to change the paradigm, not only because the planet transformation is ever faster and the new generation, dispersed as salt, is seeking contacts, but also because Politic is crashing : the bureaucracy, made of 250 thousand laws is choking the Italians, the income taxation press on the prices creating poverty. The more technical progress grows, the more grows poverty. The firms shut down or emigrate, so the young and unemployed don't find a job.

In this case, the realization of a new system of taxation should be also promoter of positive confidence in taxation.

Herewith I explain the logic of the 4 points necessary (or neo-paradigms)

the monetary value is determined by the price of the selling products
the stabilization of monetary value depends on stabilization of prices
the price formation is determined by the technical costs (employees wages that make production, and consequent throw upon the market), from recharges (controlled by competition) and from taxation costs.
if we really want the stabilization of prices without damage the employees wages and the profits, there is only one way: works on the taxation costs only.
Said in other words, if the State wants to fight the inflation, there is not other lever that the fiscal one. But if the fiscal withdraw has really the function of supplying to the citizens (Government) the monetary resource needed, it remains the only way of moving the withdraw of the fiscal charges from the income to the monetary mass (let say to withdraw all the money needed for all citizens, that means directly from all the existing money). Withdrawing continuously from the income we create only fights for the known "sliding wage-scale", this one too generated by inflation. And inflation is the natural result of a unnatural change. And so, the snake bites his tail┬ů.

As Kopernico has proved, through imaginative thought, that the planets can travel only through elliptic orbits, while the sun stay in one of the two fires, so any citizen can, through pure imaginative thought, prove - and first of all to his own sovereignty that this confidence is not possible through the extirpation of the fiscal charges from the cost of goods (become possible indeed, from the movement of fiscal withdraw coming from workers' income, thanks to the new t taxation direct to the all existing money) this is the only possible revolutionary solidarity, even as concrete substance of popular sovereignty, today abstracted in the actual nonsense of the speech of our political from the right and the left.

In the future, as happened to Kopernico, with "telescopic in citizen pockets", will realize that the observation of their content, should match with the pure imaginative thought that was born before its realization.

Now I'm referring to my letter written to On. Cougnon. In this letter, regarding point 5.1 part B " motivation" of the conference of On. Robert Goebbels on "International Monetary System" "How make it works better, and avoid future crisis" (prot. A5-0302/2001), Goebbels point of the Tobin tax.

Beforehand that I am not a supporter of the Tobin tax, I was pointing out to On. Cougnon that Goebbels explain itself on that document, regarding the Tobin-theory his asking themselves "Which is going to be collector and to whom will go this manna? The organization of international development, the governments of the Third world, good or bad that they are, or the organization of civil society that represent everybody and nobody?", showing in this way to know that this will be a manna only for someone and a problem for somebody else, in a word for whom that should decide who could be that someone, given to understand with this expression two things: that no one on this planet is honest enough to take this service and that does not know other than the Tobin-hypothesis As On. Goebbels say, in the previous point 5, today we are in the era of Internet and computers. My studies on the project of neo-taxation (that, I repeat, has nothing to do with the pre scope of the Tobin tax to limit the transactions, but instead lead to make work a national or international monetary system in order to avoid future crisis for ever), shows that is really through a supercomputer that in actuation of Monetary Taxation it should disappear the collector image.

I will try to explain what I feel as a fiftytwo years old Italian citizen , fond of fiscal-numerical-logic problems.

Has been scientifically demonstrate that the beginning of the primary poverty in the world has to ascribe to the income taxation that, discharging through the prices mechanism, go to touch the weak social class of population. If this is true I ask why we don't point out that? The Italian Constitution say indeed at the Art. 53: "Everybody must contributes for the public services in relation of their own possibilities. The tributary system is informed on progressiveness standards()". With the actual income taxation it happen exactly the opposite. It happen instead that, the taxable system burden on weak social classes of citizen.

Let say to appeal to the Constitutional Court to ask to eliminate this absurd incoherence and suggesting instead the above mentioned project of Monetary Taxation, that respond in total to the request of the Art.53, we should have the advantage of doubling the money purchasing- power, such the taxes will not burden anymore on goods production, therefore on the prices, and consequently on the poor.

Therefore, since are the prices to determine the power of money buying, in realizing the Project, the housekeeper will need less money to "go shopping" (almost half), because industry, businessman and company, not having to pay on
income, will reduce the prices and reduce the prices without diminish the quality of goods is the desire of every entrepreneur, because in such way his going to gain customers.

Dating the money and the realization of the new type of taxation will reproduce by time not only the phenomena to keep the prices of the products at the same level (economic stability) but even the realization of a profitable saving, that the new fiscal withdraw accrue.

It should be possible (and this has been calculated in the Project):

redeem the national debt (naturally in the measure which it appear scientifically existing, and at this purpose it will be necessary to verify the worldwide rightness of the study made from the "antitrus sindacate" from which seams that the "national debt" doesn't exist and it is a big fraud;(*)
create the income of citizens;
help in case of natural calamities.
After years, this saving will increase considerably even the income of the universal population, with the result of a general happiness.

Now a day no prove on the contrary - I don't known if the Maastricht treaty could stop a money re-evaluation due to the realization of a new taxation, just , monetary instead of coming from income.

As a matter of fact, this agreement are based on the ability of the UE Countries to maintain, within certain limits accepted by everyone, the national debt and operate for structural changes with the aim to support the PIL and overall to resolve the national debt and operate in structural changes with the aim to support the PIL and overall to resolve the welfare problem (pension, social shock absorber, etc.) actual in every UE countries in a measure more or less big.

The economical reorganization derived from the monetary taxation and from the citizen income, exactly correspond at what each UE State would like to realize at best: strong economy, full occupation, and efficient welfare for all the layer of population, even estrangers included.

But we have to wish that some politicians will accept the challenge coming from the UE Countries that would realize is.

Europe itself will find a big advantage in competition with the United States, with Japan and with the Asian South East Countries.

Till even these Countries will adopt the monetary taxation, at least in Europe, there won't be no more hopeless and marginalized. Same thing should spread worldwide.

I think that, from the economics point of view, the UE besides all the international tensions of the past, and that would grow (even in relation to the natural calamity) has few interest in not considering the right value for a possible taxation of this kind, realized in Italy or in some other European Country.

What do you think?

I'm pointing out that this project (is a carefully cured Project which I can send to you) has been appreciated from important politics (I named just a few: On. Goria, Barucci and On. Benvenuto from whom I own documentation) since 1979 has not rebut from anyone, year of born as "anthropocrasy" in the opera of entrepreneur Nicol˛ Bellia, and so far studied from different researchers even include myself.

This project has inspired the law proposal of On. Gramazio and lately has been realized the in Orsini's proposed law: http://www.settenote.eu/entertainment/cache/10190.htm that sentized it.

At the right time, I''ve sent the content of these argumentations to Jacob S÷derman, European Mediator, Nicole Fontaine, President of European Parliament, Helmut Benz, General Administrator. From all the three I got an answer, but they really try to discharge each other of the responsibility of considering the thing (that was my impression , and for that reason I have waited two months before to send you this letter). In the meanwhile, I have sent their answers to a lot of my friends, relatives and politicians, among them even to the actual Chairman of the Council of State Silvio Berlusconi, whom put in charge Mr. Sandro Bondi to answer me (his personal secretary in Arcore) confirming that they got the message and adding: "I can guarantee you that change Italy in a more prosperous, free and right Country is e challenge precise and a prioritary point of the program of the govern of the "Casa delle LibertÓ" (House of Liberty) party.

It is maybe possible hoping that Europe wish to move in the direction of a new taxation?

Best regards.


Nereo Villa

________________________________________________

(*): I'm hinting at the fact that on these topics, through Internet (http://it.geocities.com/domenicods/ - http://utenti.lycos.it/dinogranata/ - http://www.interventi.com/SIMEC.htm - http://utenti.tripod.it/dinogranata/ - www.moneymaker.com/money/italy/index.htm
(link no longer active) but even through an ordinary education, it is always possible been more informed thanks to animated people who take a real liking to social. I recall for example to the last book written by Dr. Bruno Tarquini ex-President of Court of Appeal of Abruzzo, former magistrate and Procurator General of Republic of Aquila. In this book, informative on the financial and economy aspect, that has been hide in some dark place of the Hall of Justice, as something that couldn't be revealed to the people, it shows not only as the Government renounced since long time to their own monetary sovereignty pro a private Authority, as is the Bank of Italy (it has renounced to issue their own money, with the consequence that, to comply to their institutional scopes is compel to ask an hard terms loan for the necessary financial resources, indebted itself in regard to the issuing Authority) but this useless indebted it is transfer to the citizens through the fiscal pressure. And so the people find itself debtor of that money of which, instead ,it should be owner, and also in consideration of the fact that it gain value only because the citizen accept it as instrument of exchange, and therefore only at cause and consequence of its circulation" With accession of the Euro explain Tarquini to the Italians it happens an other transfer of the monetary sovereignty, this time to the Bank of Italy (same as from the other national issuing banks) to a private authority nationwide, as is the European Central Bank, "that is arranging to issue the new currency debt it to the European people with the same monetary "philosophy" used so far by the national central banks in relation to the respective peoples, and realizing the principles of the more wild free-trade provided by Maastricht treaty, that are surely incompatible with those of opposite nature that are inspiring the actual Italian Constitution and that are especially summing up in their articles 41, 42 and 43". If all this is true, we couldn't make that two ascertainments:

The first is of Juridical kind: the monetary power of Bankitalia and the Maastricht Treaty have empty the social-economic structure of Republic Constitution without the knowledge of the "sovereignty" people, and consequently in a way clearly anti-democrat;
The second is of political kind: no one earnest reform of social-economic nature (even to contrast the negative effects of globalization) will have possibility to succeed if the Government will not recuperate in advance their own monetary sovereignty.


Posted by: Nereo Villa on September 19, 2003 05:27 PM

 


A monetary system based upon people, population, eco-sustainability, with a life span is in my opnion a necessity. Not a metals backed currency. This makes no sense. We need holistic money with a finite life span. Designed to meet the goals and needs of humanity.

Eg. A Country recieves $Xbillion per year based upon Population, and a population index for the country. X% of this goes to the governement for infrastucture and public services, Y% goes into the "baking" or disperssement system, as per the normal. INTEREST FREE LOANS, interest just creates money out of nothing. Instead, use a LOAN requierement to control spending. Eg 40% of the loan value must be aquired through work/trade before loans are given. %% vaires for market segments, buiness, personal, home etc.

Thus the more self sufficient, countries with the least ecological impact, using the best technology for efficiency gains on consumables, produce etc is the properous nation.

A world currency, we need world based labout laws, and minimum wages with the power to enforce this through trade embargoes on corps who fail to comply.

We simply need to ask ourselves. WHAT kind of world do we want to create for our children. WHAT kind of world is sustainable and creative instead of destructive. THEN design the monetary system to reward countries that are moving toward these goals and punish countries who move away from them.

Support the world healers, and cut out the cancer. (Advocates of Greed, excess waste, environmental damage, war, corruption etc.)

Every human being deserves the right to life, to live in peace, and prosperity. Current world governements say this with one hand then devestate with the other. Equality is laughed at behind the closed doors of power. No more..


Posted by: Adeon on September 20, 2003 11:34 AM

 


Hello Adeon,

thank you for your comment on the article. Indeed we need to think about a better system of mediating economic exchange, and the best way to do so would be a discussion amongst the proponents of current alternative thought. Hashing it out to arrive at a proposal most (if not all) can agree on.

We know the direction we want to take, but we must find a generally acceptable focus.

Posted by: Josef on September 20, 2003 03:18 PM

 


A lot of very good readling and links on alternative money systems can be found via reinventingmoney.com.

See also the uniteddiversity wiki on monetary reform
(Copied from a comment to another post - Josef)

Posted by: Josef Hasslberger on September 26, 2003 07:26 PM

 


Dreams are made to be destroyed. Nightmares are forever.

Posted by: Tenzer Heather on January 9, 2004 10:16 AM

 


I can not find any answers anywhere I have my house sold because we were going to loose it I am currently in chapter 13 I did not file my house in the bankruptcy and only owed out like not even 2k but the attorney told us other wise to get us to file @ the time we were 24 years old can I get a clear title or does my attorney need to know? please someone email me and tell me something vercrouse@yahoo.com

Posted by: crystal on October 28, 2006 08:26 PM

 















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