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Message Subject Get rid of the money system, then get rid of goverrments
Poster Handle Anonymous Coward
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"You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete" - Buckminster Fuller

[link to p2pfoundation.net]

Commerce is conducted via communications generally known as "money."

The present system is failing due to liars running the money system.(Liar's Poker Money System)

Maxims of Commerce - # 3: In commerce, truth is sovereign.

It is my personal conclusion that the specie money in the past was generally not really the "backing" but was rather functioning as a bond against the banker.

Because of the general perception that the issuance's of money were backed by specie, the banker was forced to make his contracts fair and the so-called "loans" repayable by the so-called "debtor" least the banker suffer a run on his bank.

When I was studying out the LETS system of exchange and related similar efforts, it came to me that the reason for failure was several inter-related causes among which were lack of paid professional administration, lack of good commercially enforceable contracts, and lack of mechanisms for forcing specific performance of contract.

One method of restoring truth in commerce would be to recognize precious metals as a form of savings and to incorporate these savings into the system where they function as performance bonds.

Thus the various promises to create things of value and deliver said value at a time and place in the future (THE MANDRAKE MECHANISM) can be further assured to be accurate emissions (of money) because the promissor is bonded by exposure of liquidation of his savings.
 
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