Sunday, January 25, 2009

Everything grinds to a halt for want of money.

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 (1070 views)
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9 thoughts on “Everything grinds to a halt for want of money.

  • 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.

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  • 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

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  • 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

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  • 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/

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  • “If the state can’t save us, we need a licence to print our own money”

    well, that’s easy.

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  • 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.

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  • 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 .

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  • .. attempt to ruin …

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