DEBT = a (bad) bet on the future.

I have explained several concepts in my posts since July. I need to sum up the situation.

Fractional Reserve Banking  means “money debt” and an infinite growth of the money supply.   

Outsourced Resources Banking means  the opportunity to create the ad hoc  money supply for  useful projects”.  No inflation, no deflation and a huge difference with complementary or private currencies : Protecting innovation, production and creation, .....not only the communities.

“Money-debt” as a bet on the future could be a good idea, several decades or centuries ago, on small amounts.  But currently, “virtual economy” and unrealistic expectations are leading us in a bad way …. Only the derivatives market is 10 times the global GDP. The good question in Economy is not “What we need ??” but “what we can do, create, produce ??”

The Toba Unit of Account   (post july 31) is my personal ambition : creating a universal unit of account to preserve,  from deflation and globalization , skills, know how, abilities and intangible heritage. Our difference makes our wealth and our wish to innovate.  The Toba will be used with  the concept of “mitigative business” (post  july 4).