The latest technique of the BIS group, used as a test in Cypress, is to tax the holders of savings accounts to cover the phantom claims of the central bankers. The same tactic is being attempted in the Detroit bankruptcy, but has at least been partially thwarted by a recent judge's decision. xviii The house of the casino will not easily give up its grip, even attacking its contract table operators, as well as their Main Street trader/depositors.
And now Bloomberg News has acknowledged that Iceland, which let its banks fail in 2008 is better off than other countries that have continued to support the dominant banking system. xix
The above discussion of the operation of our present money points out the structures and functions of the system that are inconsistent with democratic values. We can see that the market operates in very different ways according to what values and rules it is it is based on, and which it promotes.
Questions
Following are questions that need thought and debate.
What changes in the money creation rules would make the purpose of money consistent with democratic and sustainable values?
How can we move away from the monetary cliff?
More specifically:
-
In a democracy, is it appropriate for the money system, the basic mechanism for trade, to be a cash cow for a private group, or should the money system be a not-for-profit service for its users? Please note that the distinction is not whether money should be controlled by the government or private institution(s), but whether it is a not-for-profit, or for profit operation.
-
Who should authorize the creation of money and who should receive money created through seigniorage. For what kinds of products and services should seigniorage be promoted/allowed? In other words, who should receive loans, and for what? Who should make these decisions?
-
Should money get worth more over time? Less over time? Simply maintain its value?
-
What institutional structures are consistent with promoting trust?
Next Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
2
2
1
