Gold and central banks

It is truly an interesting article !!!!!

 http://www.sprott.com/markets-at-a-glance/do-western-central-banks-have-any-gold-left/

Without serious regulations and "common sens", the global economy is clearly in trouble.

On the field ...

It’s amazing to consider the place of money in human history, more than an army or a massive disaster, money has destroyed many nations and empires across centuries. Managing money appears like the more difficult challenge for human beings. 

 So,  how to practice “Outsourced Resources Banking” and “Mitigative Business” in daily life ??? Easily,  with the concept of “outsourced resources banking”. First of all, choose an asset with  a standard conversion to create an amount of own complementary currency. It's  not less good than “money debt” created by commercial banks.  Secondly, This amount of "self created" money is not useful for purchasing, it must help you only  to develop a sustainable project with serious  partners. It’s different from a local currency used to create social links in a community.  At the end of the project, each partner has an amount X of your currency backed by a real asset. So, this ad hoc currency is exchangeable because of its guarantee or can be kept until the project creates enough wealth. The concept of mitigative business is also simple to practice, and can be sum up by the following statement : “Instead to create new ""useful"" needs for your clients, think about something to help them”. By the way, the global world debt is clearly out of control, especially in the western world. This debt represents a prospective wealth in a future undetermined. Why not use it as an asset to create true wealth with the concept of Outsourced Resources Banking  ???

Currently, i am very interested in the crisis in the eurozone, and very surprised by the efforts deployed to save a system which is not realistic  with a big "genetic" disease.

"Outsourced Resources Banking" in daily situations

Using  Fractional Reserve Banking, commercial banks are creating everyday an amazing amount of a true “complementary currency”, based on debt. This process is potentially UNLIMITED. They create a huge amount of “money debt” from  a  very small amount of cash, essentially  for consumption and public spending. 

Using Outsourced Resources Banking, a financial institution could create an amount X of  a “complementary currency”, like commercial  banks do , backed by a real asset or an amount of cash, with a standard conversion. This creation of money will be only used to serve a sustainable project, on any field. Don’t forget the first use of money is EXCHANGE.  This view is different from local currencies, which are only “tokens" with a conversion in the national currency.

 A currency or a unit of account does not need an intrinsic value , but absolutely a strong guarantee and a clear term of use.

The high value banknotes

Far more than coins, the banknotes  are closely related with the confidence in your currency. The note above  is not related with an amount of gold or another asset. Storing a huge value on a note, and you can waste more money if you have a counterfeited copy.It's a true financial hazard.

Coins are useful for small spending, but notes are commonly used for more important expenses. However, is it truly necessary to get a huge value on a piece of paper ?  if you consider money is only debt, I don’t think so ….

I think the highest value of a banknote should have a true meaning.

The need of Education

I truly like this comment from His Holiness the Dalai Lama : 

“”Education is the proper way to promote compassion and tolerance in society. Compassion and peace of mind bring a sense of confidence that reduce stress and anxiety, whereas anger and hatred come from frustration and undermine our sense of trust. Because of ignorance, many of our problems are our own creation. Education, however, is the instrument that increases our ability to employ our own intelligence.””

Nowadays, the exchanges between human beings are closely related with a virtual economy and a far too massive production. It’s my ambition on this blog  to build a different paradigm in banking . 

Fractional reserve banking remains a world of illusions !!!!

The common environment

We need a common environment if we want to build a sustainable economy.  The Earth is our common field, but the material resources are clearly limited.  An infinite growth is impossible.  So , education, management,  innovation and research are common fields without limits for a better world…. , but in a global world, our cultural and cognitive differences are going to disappear.

It’s a true problem !

The Stock Market

A very strange place  !!!!  

Without serious rules,  regulations and common sense, absolutely not connected with the real world.  In Wall Street, people keep a share only 3 seconds.In fact, robots do the job now.

“Electronic Debt” is not an asset and the finance is exchanging amazing amount of debts, clearly not reimbursable. You can exchange your debts for centuries and this activity began in Italy !!!

But debt means always social and environmental impact, often not useful. Take a look on this very good article : http://www.peakprosperity.com/blog/79681/war-between-credit-and-resources