from Frank Maggio
Centralized control of a limited quantity of money is NOT the answer, and there is NOT excess liquidity.
The answer is decentralization of monetization. The power to monetize belongs to the individual and his family and village - with a sovereign central body that serves only to verify collateral values (including the value of human enterprise as credit) and to secure the collateral.
Once currency is ubiquitous, and in "excess" supply, the true money of the world - time and love of God and neighbor - SHOULD / COULD unleash the new springtime.
IT IS OUR CALLING TO WORK AS CATHOLICS TO KEEP MANKIND GROUNDED IN CHRIST'S TEACHING DURING THIS THAWING AND SPRINGTIME.
May God bless you.
Banker Who’d Revolutionize Money Says It Can Be Done From Within
Productive enterprise with a credible business plan should have wide and decentralized access to created credit, allowing access to, and mobilization of, productive community resources. That is the way that “money" should originate, i.e., via new credit issued for new production. Under conventional rules of cost accountancy an increasing deficiency arises between ultimate consumer prices and effective incomes distributed by industry. It is quite right, therefore, to cite a chronic and increasing lack of liquidity as being the central problem with the financial system. The Government should compensate this deficiency by direct payment of consumer credit issued without debt to consumers, and to retailers also so that the latter can lower their prices appropriately. The banks presently are creating this money as consumer demand all the time by issuing new loans to consumers—loans which are a mortgage charged to and repayable from future production cycles. The money created and issued for these loans is cancelled as purchasing power when spent on the created goods the borrowers wish immediately to access. Business will either repay the banks for their outstanding loans or place their sales receipts to capital reserve.
The core problem is that the banks claim ownership of the credit which they create. This allows, them in effect to appropriate the communal real capital which properly belongs to the community. The requirement is that this “stolen” communal capital be recovered and returned to the citizenry in the form of National (Consumer) Dividends and payments to retailers so that they can charge Compensated (reduced) Prices at point of sale. This would be accomplished by a form of “beneficial” and not direct ownership, i.e., as a right in consumption to the results flowing from industry. “Money” is simply accountancy. It should facilitate both production and consumption. It should be created at the rate of production and cancelled at the rate of consumption. It is all a matter of accountancy. Money should always be “ubiquitous” in the sense of being readily available in a free society for potential and actual production and consumption. It cannot be in “excess” of these needs, in which case it would cease to be money, i.e., effective demand.
www.Vollgeld.ch , www.monnaie-pleine.ch . www.moneta-intera.ch , is swiss, this is not positive money, which has very good arguments but we need to be prudent because Switzerland is not centralized but is a Confederation of Cantons and communities and our national bank has to be amended as well. We need to apply the true subsidiarity principle, persons, families, communals ( villages ), cantons, and then only the federal level...
111.819 swiss signatures to change the money creation system in favor of the swiss by a referendum with a double majority, the swiss states and the swiss people...
Now, we can write a complete law dealing with all those subjects, including the swiss national bank, please, help us now.
A new paradigm ! Too much products thanks to robots ? How to distribute all those goods ?
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