Sunday, Jan 25, 2009
Everything grinds to a halt for want of money.
The Guardian: If the state can't save us, we need a licence to print our own money
I want to introduce you to another way of negotiating a credit crunch, which requires no moral hazard, no hair of the dog and no public spending.
Posted by gardeniadotnet @ 12:39 PM (622 views) Add Comment
10 Comments
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1. letthemfall said...
Lewes in E Sussex has recently introduced its own local currency that can be used in certain shops alongside sterling. A sign of things to come perhaps?
One thing you can say about our currency system, it does make bankers rich disproportionately to their contribution to the country's wealth.
2. This comment has been removed as it was found to be in breach of our Blog Policies.
3. Cannycat said...
Totnes in Devon has had its own local currency since March 2007 - http://totnes.transitionnetwork.org/totnespound/home
If you shop at many outlets in the town in cash, you have a choice of Totnes currency or sterling as your change.
4. troy said...
The BAMR approach to monetary reform is perhaps unique in that we approach it as an engineer would approach a technical problem. That is: we have looked at what is, and discovered that we have a horrendously unjust monetary system. Then we look for the why and discover that King William sold out the responsibility of creating and issuing our currency 300 years ago, and since that time the banks have slowly but surely gained control of the whole world
http://www.prosperityuk.com/prosperity/views/robarnold_Int.html
5. troy said...
oh and by the way
"when they create the debt based money supply the don't create the interest" (malct)
well it is Sunday afternoon
6. Crunchy said...
3. troy
"When they create the debt based money supply they don't create the interest" (crunchy) lol
Sunday afternoon is as good a time as any to mention the major flaw.
http://gilliganscorner.wordpress.com/2008/04/01/debt-based-money-a-guarantee-to-destroy-the-planet/
7. troy said...
"If the state can't save us, we need a licence to print our own money"
well, that's easy.
8. Dbc Reed said...
Keynes was a big fan of Gesell but the latter's scheme of upping the money supply was much better
at a) increasing the velocity of money b) collecting a lot of tax c) avoiding money being hedged into property.
9. whiteknight said...
This is indeed true, however you would need to persuade Her Majesties Revenue and Customs (HMRC) of the benefits.
One way of ensuring that people stick to your currency is to demand the payment of taxes in it and ruin anybody who can't .
10. whiteknight said...
.. attempt to ruin ...