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money
Money
Bandages
More laws could function as bandages, slowing the hemorrhaging as wealth flows from most of us to a tiny few. Use existing law Break up the banks deemed too big to fail The simplest and most immediate action we can take is to break up the biggest banks. They were...
Best decision making
Money is just a promise. It’s a social construct, it’s something we make up. If banks can lend us money, it’s not because they have that money. It’s because we, the people, have given them the right to make up money. Well, if that is the situation, we have given...
Commonwealth money
All of the intellectual models of the new economy are about cooperation, sharing and abundance. — Hazel Henderson, Economist (1933– )1 Reforming our money system has a simple solution: on behalf of WE the people, the Federal government takes back the power to create new money for our nation and...
Complementary
SystemsA commonwealth money system is very efficient. It enables all of us in this great nation to make exchanges with each other easily. It is readily convertible into currencies that are used around the globe. At the same time redundant and diverse currencies can keep the system stable and resilient....
Conflating monetary with economic
A system that gives the power to create money to private banks fuses and confuses monetary and financial issues. It’s hard to see clear choices, and when the money system fails, the economy fails along with it. The Fed’s Board of Governors is tasked with paying attention to the national...
Consequences
Chapter 6 looked at the consequences of our current money system. Now let’s consider the potential impact of a new common wealth money system. A stable, sovereign, 100% equity money system removes the necessity for exponential growth in our economy. This is a critical change we must make to remain...
Cycling from boom to bust
The exploitation that creates hard times is easy to sell and rationalize when the economy constantly cycles from boom to bust and jobs are of critical importance to so many people. Boom. Bust. Hard times. Repeat. This inevitable cycle is built into a fractional reserve money creation system. There has...
Everything costs more
High prices make for hard times. Let’s review how much of your daily effort goes into feeding the money-financial wealth transfer machine. Consider the personal costs that are clearly defined: Interest on your debt – 10 percent for the average family. Consider the costs that are mostly invisible: Every dollar...
Free, responsible & fair trade
A stable value common wealth money is a neutral tool; it does not benefit or privilege anyone. For this reason, we will have a marketplace that comes closer to the ideals of a free market. Prices in our marketplace reflect true cost. The diversity of options increases. Manipulation that eliminates...
Fresh Start
So many of our dreams at first seem impossible, then they seem improbable, and then, when we summon the will, they soon become inevitable. — Christopher Reeve (1952–2004) Pretend for a moment the money fairy waved her wand and money vanished; our community is in suspended animation. We are still...