Question Is there a more equitable way to create and distribute money?

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23 Mar 2017 18:36 #1 by Milton
Milton replied the topic: Is there a more equitable way to create and distribute money?
I could only download the outline in the simplified/mobile version. My point was that privately owned systems are inequitable whether paypal or a gov't regulated cartel such as the Federal Reserve System. The banking system needs to be run as a publicly owned & operated utility. And I wasn't advocating 'the' gold standard, but a new one in which gold is limited to the exchange of securities, while silver would be used for economic rent. The point here was that they run in their own Steiner-like realms. In any case, "money" is anything which does not require legal tender laws to force people to accept it. So the way I saw Willit being accepted, is if it's based on an accepted form of energy such as kW-h of electricity. If it requires legal tender laws for its acceptance, then it's just another currency.

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30 Jan 2017 19:16 #2 by Elaine
Elaine replied the topic: Is there a more equitable way to create and distribute money?
Hello Milton, Have you read the plan? I read every page, it has provisions if the system is down. And the gold standard will not work in this day, just like it didn't work then, there are too many people to base our currency on physical material, which has better use purposes -- for get silver same concern. With all the production and distribution technology, and the standard needs system the system could be back up and running in no time, there is no financial constrains on this type of system, I am looking forward to supporting it when they role out the usable models.

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27 Jan 2017 16:12 #3 by Milton
Milton replied the topic: Is there a more equitable way to create and distribute money?
As for Willit, it has been thought of before in various ways, e.g. measured in kWh of electricity. So it will need to run as a publicly owned & operated utility, if it is to have a chance of working. However, that is a big "if." Esp. as it is entirely reliant on the electric grid. What if the earth is hit by a bigger solar flare than the one that took out the grid in Canada, or the telegraph system a century earlier? Thus, such a system lacks robustness, and is a non-starter. As for the here & now, paypal should be avoided at all costs. Shortly after I made my 1st purchase ever online, my credit card was revoked w/out warning. I was later told it was because eBay was hacked, but as I didn't realise that eBay owned paypal then, I didn't learn the right lesson. It was only after I made my 2nd paypal purchase, when a Chinese affiliate of theirs charged me $900 around Xmas, that I learned to avoid paypal, who added insult to injury by making me prove to VISA that I wasn't lying. So I had to swear out an affidavit that I had not made the related purchase. Even worse than assuming you're guilty until proven innocent, paypal wants to know all sorts of personal information that even my bank doesn't ask for. So I canceled my paypal account and switched to circle.com which everyone who's truly interested in social justice should boycott as well. They currently have a promotion for payments by debit card w/out fees to new members. And re: this thread's subject, there is are more equitable ways. The bimetallic standard could be reintroduced in which gold & silver represent competing monetary systems that not only float against each other, but are tied to different uses: gold could be used for asset transactions, and silver for revenue transactions. Thus, gold would be for buying selling stocks & bonds, but silver for interest & dividend payments. As silver is an industrial metal, it is naturally tied to the business cycles, so that interest rates would be virtually self-regulating w/out the need for a Federal Reserve Board. The foregoing is just a suggestion, as another commodity might be a better replacement for silver, or it & others might be used w/silver to create a weighted average. Ditto for gold.

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06 Nov 2016 09:19 - 06 Nov 2016 14:10 #4 by Wrina
Wrina created the topic: Is there a more equitable way to create and distribute money?
What do you think about the Willit Monetary System? Is it stable? Is it equitable? Can it work?

Calculator: Willit Monetary System - Real Money Creation & Distribution

Process: Willit Monetary System

Last Edit: 06 Nov 2016 14:10 by Wrina. Reason: added links and image

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