We are in a worldwide economic crisis, and “MONEY” is at it’s very center. It is a crisis of money management, and the result of permitting ruthless private international financiers to gain and keep control over “OUR” money. Yes, money is a sovereign right that arises from the sovereign right of an individual to enter into contracts. By allowing that right to be usurped by private banking interests we have lost the greatest power a free and democratic people can have – economic power. If you are confused about money, the information on this website will help to set you free. All of the articles here are dedicated to that sole purpose.
Wealth-money is an alternative way of thinking about the debits and credits and currencies that we now call “money”. All money now comes into existence via some form of personal, public, or national debt. Therefore all “money” is now of a variety of debt or credit money that is “loaned into existence”. This is true whether or not you believe it. The new concept of money would be based on assets, or wealth production, instead of debt. If it were created by a community or public entity, it could replace taxation as a way of funding social infrastructure instead of further enriching Wall Street bankers.. The concept is also immediately doable, requiring no more than the public will to make it happen. Money creation is a sovereign right inherent in the right to make contracts, because at its very bottom, that is all money is – a contract, a financial obligation. Wealth, all wealth, is essentially some combination of resources and labor. Adding capital to the definition is unnecessary because capital is really only stored wealth. The modern trend to confuse capital and credit is just that – confusion. Money is a medium of exchange. It is only an abstract social invention that serves the purpose of advancing commerce and trade beyond the barter process. Commodities like wheat, salt, gold, and silver have been long used as money but are not really money unless they are declared so by custom or law. They are still useful as a basis for trade between economies or areas with differing money systems. Wealth should be the basis of all money, and wealth money does not require payment of interest. No interest means no national debt, less private and public debt, and more prosperity. Money is a consequence of man’s freedom to enter into contracts, and that is a sovereign right or all free persons. Money should be created by a public authority that is responsible to the people, and done in a way that is neither inflationary nor deflationary. This is not the way it is now, and that is what this website is about: How it new is as opposed to how it should be.
I’m a retired teacher, entrepreneur, and jack-of-all-trades who has made continuing education a life-long pursuit. An avid reader of mostly non-fictional works of history, philosophy, religions, political and socio-economic systems. I have done my best to learn something of importance in every arena of human life. I feel I’ve achieved some measure of success in doing that, especially with the aid of the internet and personal computers, which I began using in 1985, and DOS 2.xxx was the latest rage.
Technology has come a long way in many respects, but have we humans advanced in enough important ways to handle the new technologies? That is the big question, and today we are standing on the brink of either enormous spiritual and ethical advancements or the abyss of apocalypse. Which will we choose?
I feel certain that enough people will choose the path of light and life that will enable us to move through the difficult times that lie just ahead, and survive an uncertain and stormy journey of self-discovery and growth. I pray that my posts on this and other blogs may make some small contributions to helping us along that journey.
The discovery of what money really should be, as opposed to what it now is, will be a huge leap forward for all current civilizations. Which civilizations and cultures will lead the way in the transition to this new money paradigm is an open question. It may be that those in the West are so heavily invested in the status quo that they will be left behind, and so, “the first will become last”, as the prophesy goes.
We live in exciting times. It is good to be alive in this age of change and challenge. I would not have missed it! 😉
Please comment freely. – Jere