Another vision of the Banking System !!! (back in time in Russia)

In the late 19th century, the Russian ruble was probably  the hardest currency in the world  !!!  A monthly salary for a low level worker was around 16 rubles at this period. 

But, even with a massive quantity of natural resources  and  a large labor force available, the Imperial Russian State created  too many credits ….. in rubles !!!! Have you ever seen the 500 rubles banknote printed in 1912 ???

Imagine another way !!!!!

• The State created coinage and print paper money backed by the wealth of the Nation …. Russia had massive opportunities in natural resources.
• The State authorized commercial/private banks, which owned monetary or tangible assets to create their own private currencies , with a conversion with the coinage from the State ….  The need of cash can create social problems !!! The nature of cash is not important, if products are available using a secondary currency !!!
• Instead to create the money  by loans …. A commercial bank, using the concept of “Outsourced Resources Banking” , can  create an ad hoc currency to manage a sustainable project ….
• In this system,  the currency created  is not used to buy products, but to be exchanged in a common purpose with others  …. The necessary tools exist already in the field  !!! The currency becomes a management tool. 
• For example, Instead to loan some rubles in a disaster stricken area, ……. It could have been better to  loan some assets to back a specific currency in a multi purpose  bank !!!

This system can be effective to cope with some accurate problems …… An economy based on an unlimited consumption and unlimited production is clearly not sustainable in a limited world !!!!