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Message Subject Get rid of the money system, then get rid of goverrments
Poster Handle Anonymous Coward
Post Content
Everything you believe you own including your intellectual and physical labor became collateral, but there was no public account to offset the debt.

If you do a search on the net for this phrase: "In commerce, truth is of the essence" you will discover a set of rules that are generally agreed upon - these rules are quite old and predate the formation of the US of A. The rules held true while differences of account were settled in specie money, but when specie money was withdrawn, the game of money converted to the game of "Liar's Poker Money."

The specie money settlement was functioning as a reference standard and served as settlement of account differences - and also functioned as a performance bond.

In a theory of “communication money” this performance bond function must be restored; however, the medium of exchange function is separated from the store of value and these two preceding functions are separated from the measure of value.


…to be continued…
 
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