Users Online Now:
GLP Poker Rooms
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
Get rid of the money system, then get rid of goverrments
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 590644:MV85ODA3ODlfMzQ5MTg5MTdfNTdBMUQzRDM=] Previously I have brought up Mondragon and binary economics and pointed out that Mondragon cooperative was the very best example in the whole world of binary economic principles. However, author Robert Ashford never mentioned the Mondragon cooperative in his book. The guy credited as "co-author" Rodney Shakespeare of England (I believe he functioned more as a proof reader of the manuscript) has corresponded with me on the matter of the cooperative. Rodney Shakespeare subsequently wrote another book - SEVEN STEPS TO SOCIAL JUSTICE that also discusses the monetary system. Jeff Gates also wrote a similar book THE OWNERSHIP SOCIETY and there was an online discussion about the principles of binary economics. In a similar vein the Mondragon cooperative seemed taboo on the discussion forum. Here is the point; what we are using for money is already a system of mutual credit - but the bookkeeping is incorrect. Essentially, it is a question of seigniorage. When the money was presumed to be a gold or silver coin about 75% of the seigniorage was vested in the coin. Paper printing was somewhat constrained because of the belief in redemption in coin. Silver was lawfully replaced as the "backing" in what was characterized as "the crime of 73" (1873) and that was the story associated with the presidential contest with William Jennings Bryan who opposed gold backing and supported a return to silver backing for the dollar. Then, in 1933 under Roosevelt, the gold backing was removed for united states citizens although redemption was available to foreign entities and persons. That was stopped by Nixon (197x). The defacto default backing for the federal reserve note became the credit of the people. Essentially, the fifth plank of the communist manifesto was implemented through this series of changes. The fifth plank says that the credit of the people is the property of the government. The government in turn assigned the people's credit to the banks via license. We have given uncle Sam a credit card, and now uncle Sam is complaining because we are failing to keep up the payments. Who knew that Uncle Sam was a profligate gambler who liked to start fights, and that his word was no good? Anyway, the point I tried to make to the speaker [deleted for privacy] was that the only way a system of mutual credit was if we the people owned the banking system and after cost profits were returned to the people in annual or semi-annual rebate checks - or possibly a retirement fund could be created and managed for the people's future. Much like the Mondragon system is administrated. It is essential that everyone acquire and read Griffin's MANDRAKE MECHANISM which is easily found many places on the net; that chapter out of his book explains the process of hypothcation of the promissory note and the creation of money. I wasted a lot of time pondering the 11th marble phenomena (also called the 11th hour and the parable of the cards) without recognizing the seigniorage problem. The 11th marble problem involves the loan of 10 marbles and asking the return of 11 marbles - it is the usury problem - serious enough itself, but the larger problem which I characterized as the tyrannosaurus rex in the room - "eating everyone alive" involves the bookkeeping problem. The bank loans credit - BUT IT IS NOT THEIR PROPERTY IN THE FIRST PLACE! [/quote]
2 things the human race will have to combine and achieve before we evolve.
if we don't, it will be like a stagnant parasite within us all.
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
People Wearing Sagging Pants Face $500 Fine, Jail In Florida City
U.S. Admits Its MH17 ‘Evidence’ is Based on YouTube Clips & Social Media Posts
The Internet Sales Tax is Back - And this time it might pass
Connecticut Courts want Citizens Disarmed
Robots Are Set to Conduct National Security Clearance Interviews
HOPE X: Citizens Band Microwave Spectrum And Free Internet For All
Parental rights in bull's-eye of Senate fight Dire warnings issued as supporters try to advance 'disabilities' treaty
The UK is about to unleash a 'fart machine' on France
Residents in a Florida town are shocked to learn some of their local cops were initiated into the Ku Klux Klan.
Obama Refuses to Add Religious Exemption to Homosexual Employment Mandate
IMF, World Bank, Giant Consultants Admit The Storm Is Coming
US Military Once Planned on Building Surveillance System on the Moon
How does each state feel about the military?
You Can Now Send Messages Even When You Don't Have Cell Service
The Manipulation of the Human Psyche
A Tweetbot Caught the Russian Gov't Editing Flight MH17 Wikipedia Info
Military To Scan Soldier’s Brains For Signs Of Disloyalty?
Venezuela's Breathtaking Air Tax
Almost everyone involved in developing Tor was (or is) funded by the US government
Mount Rainier will erupt again – magma rising in enigmatic volcano
US Sentencing Commission Votes Unanimously to Reduce Drug Sentences Retroactively
Gun Control: Bill Would Outlaw Firearm Brands On Kid's Clothing And Colorful Guns
The sun has gone quiet…solar cycle 24
New study shows how existing cropland could feed billions more
New Obama rule could force cities to house illegals
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2014 Godlikeproductions.com
Page generated in 0.004s (3 queries)