Ending Poverty is possible by Transforming money

[atim]

Read This inspiring article and educate yourself about what is wrong
about present monetary system.

http://www.seek2know.net/money.html

[indigobusiness]

1. This part is scary:

"If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -Thomas Jefferson, The Debate Over The Recharter Of The Bank Bill, (1809). This prophesy has come true.

"In the Colonies, we issue our own paper money. It is called 'Colonial Scrip.' We issue it in proper proportion to make the goods and pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to no one. In this manner, by creating ourselves our own paper money, we control its purchasing power, and we have no interest to pay, to anyone.

You see, a legitimate government can both spend and lend money into circulation, while banks can only lend significant amounts of their promissory bank notes, for they can neither give away nor spend but a tiny fraction of the money the people need. Thus, when your bankers here in England place money in circulation, there is always a debt principal to be returned and usury to be paid. The result is that you have always too little credit in circulation to give the workers full employment. You do not have too many workers, you have too little money in circulation, and that which circulates, all bears the endless burden of unpayable debt and usury." - *Benjamin Franklin Autobiography

"If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe." - Hazard Circular - London Times 1865

[dweller]

2. and this...

"Banking was conceived in iniquity and was born in sin. The Bankers own the
Earth. Take it away from them, but leave them the power to create deposits,
and with the flick of the pen they will create enough deposits to buy it back
again. However, take it away from them, and all the great fortunes like mine will
disappear, and they ought to disappear, for this would be a happier and better
world to live in. But if you wish to remain the slaves of Bankers and pay the
cost of your own slavery, let them continue to create deposits." - Sir Josiah
Stamp, President of the Bank of England in the 1920's, the second richest man in Britain





love of $ = root of all evil.
dp

[Maple]

3. People believe SUCH bullshit

and this website is 'bullshit deluxe.'

People should take economics in school, and that would take the supposed 'magic' element out of it, that weird mystical nonsense that gooney birds like this thrive on.

Uneducated rubbish for uneducated scapegoat-searchers.

[indigobusiness]

5. Yeah, right. Everyone knows all Economists agree on everything

Economics related.

Open your mind and close your mouth and you might learn something.

Education means nothing without understanding.

[Trillo]

4. Question

The article at http://www.seek2know.net/money2.html argues against centralized banking and for the decentralization of paper money creation. It suggests that state and even local governments print money to give monthly subsistence income to all individuals.
Why not take banking decentralization one step further, as far as it can be taken, and allow individuals themselves to print their own money?

[atim]

6. Question answered

It takes individuals to be working together to produce something for common good - food, clothing, shelter and other services. So ultimately money works because of collective faith in it. That is why the dollar bill says "in god we trust". You know why Jesus turned the table of money-changers because in their system we are indoctrinated to know the price of everything but the value of nothing! Just it is now in our Ad driven consumer culture creating addiction for life-harming behavior and destruction of habitat than life affirming behavior.

[indigobusiness]

8. That is the lynchpin - "common good".

We went off the the tracks when we bought into the paradigm shift toward a wealth-seeking-individual ethos.

Looking out for #1 is the Achilles Heel that threatens to bring us all down.

[Inland]

7. I learned someone bought a Bartlett's, and that's about all.