NOTE: Work in progress
I. Money that Shackles & Impoverishes the 99%
- created & controlled by the 1%
With their definition of money:
Money Supply, $ = Lending* + Interest
*Lending by:
a. Producers to produce new goods & services
b. Consumers to consume goods & services
c. Government to provide public goods & services
d. Financial sector to fund financial transactions
the 1%
(1) rob the 99% using money supply, $:
Increase $ =>INFLATION: Our Wage$ & Saving$ buy less
Decrease $=>Deflate=>BUST: Economy+job market collapse, they then profit from fire sales
(2) shackle the 99% -- Present & Future -- as Government Debt skyrockets, through politicians that they control
II. Money that Serves & Enriches the 99%
- created & controlled by the 99%
(a) Mutual Credit System
(b) Demurrage Currency e.g. Worgl
(c) Money = Debt created by Co-op Banks
(d) Platform Currency
The key is this:
Money that is in demand (i.e. used by the 99%) appreciates in value against
money that is not in demand (i.e. not used by the 99%)
If the 99% chooses to use money created & controlled by the 99%
any debt, issued originally in money created by the 1%, would become (relatively) lower in value.
there doesn't seem to be anything here