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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