Comments on: Monetary Reform is not a conspiracy theory http://www.simondixon.org/monetary-reform-is-not-a-conspiracy-theory/2009/02/02/ Banking & Monetary Reform Wed, 01 Feb 2012 20:32:48 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Jill Harrison http://www.simondixon.org/monetary-reform-is-not-a-conspiracy-theory/2009/02/02/comment-page-1/#comment-6550 Jill Harrison Mon, 20 Dec 2010 02:26:11 +0000 http://www.simondixon.org/?p=107#comment-6550 Simon - I'd like to share my thoughts on our monetary system, and hopefully hear some feedback. Thanks for sharing your blog. The trend in our market economy is towards exponential growth while concentrating wealth into the hands of fewer people. The divide between the rich and poor widens because the escalating interest flows reallocate capital from those who pay more interest than they receive to those who receive more interest than they pay. This interest income (or rent on money) is made possible because currency is designed to be hoard able. Placing a holding fee on currencies (demurrage fee) increases the velocity of currency and frees material goods, which are subject to natural cyclic processes of renewal and decay, from their linkage with money that only grows, exponentially, over time. To store demurrage currency and protect it from depreciation, the money can be invested into businesses that need capital, and the borrower will pay the depreciation while they are using the currency. The causes of these 2 problems with our economy as I see it are: 1) Most dollars are created by banks as debt against real property where only the principle gets created. This means that the monetary supply is at all times insufficient to pay the outstanding debt. This requires constant economic growth to avoid economic collapse. This exponential growth is environmentally unsustainable, and the resulting inflationary pressures harm the poorest sectors the most. 2) Dollars have a privileged position relative to labor and real assets for two reasons: first that money does not depreciate in the same way that other consumables do, and second (which is a direct consequence of the first) is that dollars are leveraged to create more dollars via usury fees. Allowing dollars to become a non-neutral instrument of exchange creates more demand for the currency than for the human infrastructure it's meant to facilitate our creation of. Economist Silvio Gesell proposed a “free” currency (free from its privileged bias in the market) that ‘depreciates’ in value in the same way that real assets do, which has been shown to encourage investment in human infrastructure over hoarding of currency. There are many successful examples this type of currency helping communities through crises like the one we are currently facing (http://www.uea.ac.uk/env/ijccr/pdfs/IJCCRvol13%282009%29pp61-75Gelleri.pdf). (More information about Silvio Gesell’s demurrage currency: http://findarticles.com/p/articles/mi_m0254/is_4_59/ai_68704400/): Simon –
I’d like to share my thoughts on our monetary system, and hopefully hear some feedback. Thanks for sharing your blog.

The trend in our market economy is towards exponential growth while concentrating wealth into the hands of fewer people. The divide between the rich and poor widens because the escalating interest flows reallocate capital from those who pay more interest than they receive to those who receive more interest than they pay. This interest income (or rent on money) is made possible because currency is designed to be hoard able. Placing a holding fee on currencies (demurrage fee) increases the velocity of currency and frees material goods, which are subject to natural cyclic processes of renewal and decay, from their linkage with money that only grows, exponentially, over time. To store demurrage currency and protect it from depreciation, the money can be invested into businesses that need capital, and the borrower will pay the depreciation while they are using the currency.

The causes of these 2 problems with our economy as I see it are:

1) Most dollars are created by banks as debt against real property where only the principle gets created. This means that the monetary supply is at all times insufficient to pay the outstanding debt. This requires constant economic growth to avoid economic collapse. This exponential growth is environmentally unsustainable, and the resulting inflationary pressures harm the poorest sectors the most.

2) Dollars have a privileged position relative to labor and real assets for two reasons: first that money does not depreciate in the same way that other consumables do, and second (which is a direct consequence of the first) is that dollars are leveraged to create more dollars via usury fees. Allowing dollars to become a non-neutral instrument of exchange creates more demand for the currency than for the human infrastructure it’s meant to facilitate our creation of. Economist Silvio Gesell proposed a “free” currency (free from its privileged bias in the market) that ‘depreciates’ in value in the same way that real assets do, which has been shown to encourage investment in human infrastructure over hoarding of currency. There are many successful examples this type of currency helping communities through crises like the one we are currently facing (http://www.uea.ac.uk/env/ijccr/pdfs/IJCCRvol13%282009%29pp61-75Gelleri.pdf).

(More information about Silvio Gesell’s demurrage currency: http://findarticles.com/p/articles/mi_m0254/is_4_59/ai_68704400/):

]]> By: cifix http://www.simondixon.org/monetary-reform-is-not-a-conspiracy-theory/2009/02/02/comment-page-1/#comment-4798 cifix Sat, 24 Apr 2010 20:01:22 +0000 http://www.simondixon.org/?p=107#comment-4798 I wish you were right... but Qui bono? Who prospers from the system? Who has installed the system, who has profit? Of course monetary reform is not a conspiracy theory. But what seems to be at least questionable is - was the debt system installed by design rather then by a mistake? Examples - How FED was installed in 1913 by Wilson (who later confessed - I was deceived by bankers), how Rooswelt confiscated US gold to get dollar out of binding etc... so there are steps (by bankers) to clear the way for unlimited debt expansion (did not Bernanke recently said to abolish reserves at all?) Well you are closer to source then me, so you consider this. I appreciate your effort and hope although it to be (conspiracy or mistakes), the change would come. The monetary reform is necessary. I wish you were right… but Qui bono? Who prospers from the system? Who has installed the system, who has profit?
Of course monetary reform is not a conspiracy theory. But what seems to be at least questionable is – was the debt system installed by design rather then by a mistake? Examples – How FED was installed in 1913 by Wilson (who later confessed – I was deceived by bankers), how Rooswelt confiscated US gold to get dollar out of binding etc… so there are steps (by bankers) to clear the way for unlimited debt expansion (did not Bernanke recently said to abolish reserves at all?)
Well you are closer to source then me, so you consider this.
I appreciate your effort and hope although it to be (conspiracy or mistakes), the change would come. The monetary reform is necessary.

]]> By: Robert Searle http://www.simondixon.org/monetary-reform-is-not-a-conspiracy-theory/2009/02/02/comment-page-1/#comment-3346 Robert Searle Thu, 24 Dec 2009 14:28:31 +0000 http://www.simondixon.org/?p=107#comment-3346 I do not have much time if at all for conspiracy theories concerning banking. I am sure there is some element of truth in them but they go too far, and more importantly they do not concentrate on positive solutions unlike my work on Transfinancial Economics. I do not have much time if at all for conspiracy theories concerning banking. I am sure there is some element of truth in them but they go too far, and more importantly they do not concentrate on positive solutions unlike my work on Transfinancial Economics.

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