Legalise Freedom

 

Posts Tagged ‘fractional reserve banking’

Dutch barter system challenges bankers

Friday, November 6th, 2009

My name is Anthony Migchels and I am the initiator of the ‘Gelre’, the first Regional Currency in the Netherlands.

My organization is a foundation, not for profit, not a company, because I believe credit should be a public facility, serving the people that actually OWN the credit, instead of milking them dry with what is rightfully theirs. The Gelre foundation is run by a board of three.

We now have almost a hundred companies participating and the break even point should come at about 300, after that we can get an income out of it. But the real goal is, to hook up 66% of all companies in Gelderland, a province in the Netherlands with 1.2 million inhabitants and 60k companies. A GDP of about 40 billion Euro.

It is clear that interest bearing debt to a bank as money is a vicious hoax, but strangely enough, few have been developing a viable alternative.

Ellen Brown and the Money Master people, whom I both regard very highly, have reasonable propositions, but they are still considering reform at the state-level and that is simply not going to happen. Not here in Europe and not before having survived WW3, anyway.

State Level real money implies the end of the New World Order Central Banking Vampires.There is Bernard Lietaer, but his biggest point seems to be that ‘complementary currencies’ complement the ‘national’ (banking, really) currencies. He has correctly analyzed the negative aspects of interest, but is completely oblivious (or pretends to be) to the nefarious nature of the powers behind the printing press. It is clear that real alternative currencies have only one goal: to destroy the credibility of humanities greatest plague and its metal based successors. The goal is clearly NOT to play second fiddle.

I like Thomas Greco, who is very knowledgeable. He suggests mutual credit, facilitated by Market Players as a solution, but even he has not pinpointed what is to my mind the most crucial challenge for anybody wanting to create a viable currency, able to truly compete with Dollar or Euro

That challenge is as follows:

Barter units allow for interest free credit, but are not convertible to major currencies and convertible units don’t allow for non interest bearing credit.

Combining these two features, convertibility and interest free credit, is essential for non state/non bank monies to have a real impact.

It is the way of the not so distant future :-)

Read article: http://www.henrymakow.com/dutch_barter_system_angers_ban.html

Further information: http://www.gelre-handelsnetwerken.nl/index.shtml

Comment on this Article

The US government may borrow more money from banks to lend to banks – great idea

Thursday, July 9th, 2009

There are speculations that the US economy needs a second stimulus to recover from its current doldrums as the first one has apparently failed to treat the ailing economy.

The US may need another stimulus plan to secure its recovery, said Laura Tyson, a Barack Obama aide and member of his economic advisory panel. Addressing the Nomura Asia Equity Forum in Singapore Tuesday, Tyson explained that the first stimulus package embraced “a significant amount of investment in long-term growth.”

Read article: http://presstv.ir/detail.aspx?id=100054&sectionid=3510203

Comment on this Article

History of War and the Federal Reserve

Monday, July 6th, 2009

Comment on this Article

NO2ID - Stop ID cards and the database state