In this post I address the subject of effectiveness of a currency, considering their purpose and design. The creation of a currency, be it a crypto-currency, a barter currency, or community currency is always for a purpose – form follows function. I explain that the traditional ‘build it-sell it’ business model is broken and show how a well-designed currency should invert this process. It neutralises the purpose-driven currencies but gives the people what they want. [Read more…]
Poking the Bull in the Eye, by Kay Urlich approaches global problems from an “energy” perspective. Speaking of the desired global consciousness change, the author speaks of merging “Energy Fields” with a developing communications platform (RealStew) that offers financial reward through profit-sharing – all for the purpose of global equality. She gets some things dead-right in my book but sadly, while she gets a lot closer to reality than many I see, she drops the ball badly when it comes to understanding the true nature of money. [Read more…]
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…]
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.
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…]
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.
Gradido – Natural Economy of Life is a prescription for and a description of a currency to produce Nirvana, based on the author’s observations and understanding of nature. My comments analyse the free e-Book version which, while limited, contains the essence of the author’s message. My take is that the author is ‘onto it’ in regards to some currency matters but fails in both his strategy and his proposed solution.