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Enoch
Regular Member

USA
32 Posts

Posted - 11 Jun 2003 :  04:05:17  Show Profile
Everyone should visit www.PerfectEconomy.com

Great education and great solution for a new economy.
Fighting a corrupt system without a solution only brings about another failure and corruption.

It bases circulation of money on production. Similar idea as gold or silver backed money. That is, each currency can only be created if there is a physical object or energy to back it up (production) - not currency created by debt. This means the debts are no longer attached with an interest. The problem with precious metal is that it is finite in source.

Quite fascinating.

start w/ the link below about the Feds.
www.perfecteconomy.com/principal---federal-reserve-system.html" target="_blank">http://www.perfecteconomy.com/principal---federal-reserve-system.html

Edited by - Enoch on 11 Jun 2003 04:27:08

TJ
Junior Member

USA
22 Posts

Posted - 28 Jul 2003 :  15:34:03  Show Profile
You mention that "The problem with precious metal is that it is finite in source". What's the problem? All economic goods are scarce including consumer goods and economic resources used to produce them. Because they are scarce they have a price established by the market forces of supply and demand. The higher the price the greater the incentive to economize or produce more of the good, and conversely.

The problem comes when the State, that great beast power and vehicle of plunder, intervenes to control and monopolize real money. This is done through the Central Bank which functions as a government cartelizing device to coordinate the banks so that they can evade the restrictions of free markets and free banking and inflate uniformly together. The banks do not chafe under central banking control; instead, they lobby for and welcome it. It is their passport to inflation and easy money--until the next bank run. Thanks for listening.

TJ
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Lewish
Advanced Member

uSA
496 Posts

Posted - 28 Jul 2003 :  21:02:01  Show Profile
The problem is not with the money, but with the banking system. The banks create 100 coins and loan them out to a borrower. However, they charge him interest on the loan and demand 105 coins back. Since there are only 100 coins in existence, the borrower can never repay. The bank just adds more interest each year, and then when they hold all 100 coins, they go and take over the land which was put up as collateral on the borrowed coins. And that in a nutshell is how the game is played today.

An automobile which would have cost you 300 hours of labor in 1920, will still cost you 300 hours of labor today. But, look at the difference in marked price. The interest, which can not be paid back, because the money to pay it with doesn't exist, has produced the inflation which is robbing us blind, as our increase in prices don't match the increase in wages paid.

Peace,

Lewis

Edited by - Lewish on 28 Jul 2003 21:02:47
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Enoch
Regular Member

USA
32 Posts

Posted - 19 Aug 2003 :  06:04:52  Show Profile
Actually I am no expert on production-based economy. I just thought the site was interesting and educational but by no means perfect. The production-based model does seem to keep the 300-hour worth of a car as 300-hour worth car irrelevant of time. If Americans can change to a capitalistic system which is not based on fiat money and debt captial, then most of our economic and social problems would self-rectify. Or we can all start some not-for-profit organizations educating something to nobody then run of office to get government funding, hire people to run them and just get a pay check from each and use the organization money for personal use. Yes! our own economic problems would be solved. Remember Quackenbush, ex California Insurance Commisioner? We shall dub this economic model "Quackenbushism".
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