Users Online Now:
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:Levi Philos 590644:MV85ODA3ODlfMTczNjA0NDhfMTc3MzYzMkQ=] I reached a personal conclusion some time in the past that Mises (and others) were correct that the money concept arises out of credit. But rejected the idea that only gold can be the "backing" for that credit. IMO, all credit arises from the people, and the correct role of the banker is an agency where the agent becomes responsible for specific performance of contract. (fulfillment of all contracts between the people) To assure that contracts are filled, we must recognize a natural law expressed most simply as "shit happens." To assure the fillment of contracts a combination of performance bonds supplied by the players and insurance fees paid by all money users must exist. At inception of contracts the signatory to the promise to create and deliver value in the future must post a performance bond in the form of a deposit of precious metals. Like any bond, this only needs to be a small percentage of the value of the promise. When a contract fails the agent liquidates the bond selling at open auction and recovering some medium of exchange and furthermore liquidating any residual value in the promise thus recovering more medium of exchange. Any medium of exchange remaining in circulation that represents the collateralization of the promise (that failed) is removed from all money users by the application of demurrage. This insurance fee is extracted from all circulating medium and from accounts of record. Thus, price structures can be stabilized. The demurrage fee also pays for full time professional administration; the agency needs to be run as a not-for-profit with an open books policy. The reference standard for value could be based on a Borsodi algorithm, but my preference is a unit of human time - the hour - and the total medium of exchange in circulation should be controlled as so many units per capita or some population demographic. [/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 >>
86 million private sector workers, sustain 148 million who receive benefits
Obama brother wants Jewish 3rd Temple
FBI Will Have Up To One Third Of Americans On Biometric Database By Next Year
‘Kill Switch’ Included on All Cell Phones Made in U.S. by 2015
Wasabi Fights Highly Lethal Pancreatic Cancer
Even The US Government Will Abandon The Dollar
NYPD Ends Surveillance of Muslims; Shifts to Surveillance of Everyone
Soaring Food Inflation Full Frontal: Beef And Shrimp Prices Explode
Google kept Heartbleed bug hidden from the government
Court Declares That, Yes, Bloggers Are Media
New York City Restaurant Inspectors May Be Issued Google Glass
McDonald’s Uses Worm Meat Fillers But Can Legally Call It 100% Beef
GLPVC's Isis' Unveiling Presents Betsey Lewis LIVE Tonight at 7PM
If You Missed Last Nights Bundy Show Interview - Heres the Full Show
Artificial blood 'will be manufactured in factories'
HOW TRAUMA IS PASSED DOWN THROUGH SPERM
Global Warming Nut Wishes for “Extreme Weather Event” to Kill Thousands of “Middle-Class White People”
2,300 tubes of a deadly virus have gone missing.
GLPVC The Raw Feed Live Presents Peter Kling
NBC goes ‘apocalyptic’ over sign in sky
Very Bad News For Obamacare Opponents In The Government’s Latest Report
An ice cream maker creates a flavor that includes 25 mg of "Viagra" per scoop!
'BLOOD MOONS' SPARK TALK OF APOCALYPSE
Here is proof that our politicians are bought and paid fo
43 states offer some sort of immunity to politicians who break the law
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 0.003s (3 queries)