Archives for 16 March, 2015

Mistakes of the Monetary Reformers – 5/5

Mistakes of the Monetary Reformers

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In this post (the last of a series detailing the Mistakes of the Monetary Reformers) I wrap-up, listing the ten goals in my post The Perfect Traders’ Currency; listing the 18 Mistakes from these posts and summarising the key points.

I then show how the ideal solution works in a practical sense, briefly discussing the key components of Club Credits, a currency deliberately designed and built from these very ideals. [Read more…]

Mistakes of the Monetary Reformers – 4/5

Mistakes of the Monetary Reformers

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Thus far we have ripped into the core functions of money and highlighted some of the Mistakes that Monetary Reformers have made, many of them flowing from the primary error – perceiving money to be a commodity rather than as simply a measurement, which is all money is. I’ve shown how this deception affects many different factors.

I now move into some more philosophical matters. I address here ownership, credit management and confidentiality matters.

I also throw in my take at WHY deceptions occur, show how zero-cost money is a pipe-dream, and challenge people to go further and think bigger . . . we’re getting heavier now, but it’s all easy enough to read.

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Mistakes of the Monetary Reformers – 3/5

Mistakes of the Monetary Reformers

Download the eBook Mistakes of the Monetary Reformers

In this post I mention more specific errors that the Monetary Reform sector makes, and of course provide my explanatory commentary. I cover conceptual issues relating to the backing of a currency; I address the impossibility of managing a currency; explain how usage doesn’t influence the function of a true currency; and warn against establishing networks. [Read more…]

Mistakes of the Monetary Reformers – 2/5

Mistakes of the Monetary Reformers

Download the eBook Mistakes of the Monetary Reformers

I’ve previously identified some of the errors that Monetary Reformers and Alternative Currency advocates make. First, money is NOT and can never be a commodity. It is at its core simply a record of debt. Secondly pegging an alternative currency to a mainstream, manipulated, inflating currency dooms it to the same destruction as the one it’s pegged to. Thirdly, it is only traders themselves who can and will ever value a currency, and they do this at the point of each trade.

I continue with another subject that is well understood by some (but not all) in this sector. Those who DO get it though, don’t usually go far enough and miss the full story. I then talk about Interest and touch on egos and the WIIFM factor.

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Mistakes of the Monetary Reformers – 1/5

Mistakes of the Monetary Reformers

Download the eBook Mistakes of the Monetary Reformers

In this series of posts I detail the mistakes that I have observed within the Monetary Reform & Alternative Currency sectors. I see some intelligent, well-meaning, passionate and hard-working people but ultimately many are chasing the wind. I base much of my negative analysis here (listing the ‘mistakes’) on my positive prescription for a Perfect Traders Currency. These posts build on each other to complete the free downloadable eBook, “Mistakes of the Monetary Reformers”.

 

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