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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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This present monetary system uses interest bearing hypothecated debt as the base model.

The result is an exponential growth of the total debt which is quite impossible in a finite world.

Not only is there the 11th marble problem (search for the parable of the cards), but the overall problem is compounded by the improper assignment of seigniorage.

Essentially, the banks have presumed ownership of the credit when in fact the credit is owned by the people.

This is the critical center of the seigniorage problem.

It springs directly from the fifth plank of the communist manifesto.

The field of political protest known as "redemption of the strawman" is essentially an attempt to correct the bookkeeping.

The federal reserve banking and monetary system is already a mutual credit system, but with incorrect bookkeeping.
 
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