More on Ways to Diversify and Redefine Money
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This is a time of danger but it is also a time of opportunity. Things that were not possible before suddenly are possible. And this is more and more the case every day as the old system leaves a vacuum that needs filling.
Seems to me money is like a horse. We once needed horses to move things around. But if you had a horse that was often running down the road before getting hitched to the wagon, after awhile you would realize that having just one horse like this was insufficient. You would find more than one means of conveyance. Seems like we have a wild uncontrollable horse named "Money" and we need to find a tamer ride as well. If we had two horses, one a slow plodder that could do the job dependably, then we would know we would not be left high and dry. That second horse may be barter or something that weds barter to money to some degree.
It seems to me we could use money as collateral. It could represent a credit that would insure the person got something if a local deal fell through. Say you need a favor. You need it right away and can not return the favor immediately.You can not afford the favor very easily so you leave money with a third person with the understanding that as soon as you and the other party swapped favors successfully the money would be given back to you. There would have to be a trustworthy third party that had been doing this sort of thing for awhile for this kind of system to be reliable. Who says a lawyer or arbiter has to have umteen years of law school to be a good reliable third party? Anybody that is trustworthy could do it. But only a set number of people would be trusted to fill this function. As it is we depend on lawyers that are too expensive for ordinary transactions. And going to school half way to forever is the very thing that makes people like lawyers and doctors etc. often untrustworthy. Who says we need a bunch of legalistic chicanery? That very dependence is obscuring the real need, and that is for a build up on a community level of human trust.
The more a person proved himself honorable over time the less money he would need for collateral and the less a third party would be necessary. Levels of trust that would be impossible these days would slowly grow. And trustworthiness is the "commodity" that is most lacking in the world today. As the trustworthy persons attracted more monetary leverage they could initiate projects. Having trustworthy intelligent people initiate projects is just what we need to turn this money crisis around. Right now with everyone owing the bank and paying twice for their house ( at least) we are handing the reserve monetary value in our communities to strangers who do what is best for themselves and not the community. Is it any wonder our society is going downhill fast?
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