Coins and banknotes account for a
very small part of the global money supply (around 8%). Only they have a small
guarantee, scriptural money is only debt that someone owes… Creating money
without limits means credit, debt, interest rates, inflation and deflation.
Creating money without limits leads to environmental and social disasters.
Every single $, £, Euro… created from nothing by private banks means a material
or social value in the real world. But the Earth and Mankind are too small for
the colossal money supply in the world.Fractional Reserve Banking creates money
supply indefinitely, but only waste, not wealth. Increasing the monetary base
is a more motivating challenge than increasing the money supply without limits.
Temporary currencies backed by cash or assets and on an hourly basis can be
used in a deflation context, to create sustainable activities and emphasize
exchanges between knowledge and know how. The knowledge economy and social
links are the two economical keys of the upcoming decades.
Once the activity is created and
sustainable, the temporary currency can be converted into money from a central
bank or assets, and invested in the activity. It is also possible to back a
temporary currency with a basket of currencies, but always in cash, which is
also rare. Not backed by gold or silver for decades, but still with a small
guarantee.
No inflation, no deflation, no debt,
no credit, only sustainable projects based on abilities that currently exist. This
is Outsourced Resources Banking!
No comments:
Post a Comment