3 CATEGORIES OF CURRENCIES

The World with : 

- Fractional Reserve Banking 

Cash is 5% of the money supply, 95% is debt created by private banks. With 1$ as an asset, the bank could create 99$ of money supply .... Interests are not created in the money supply !!!! NO DEBT = NO MONEY

- Local currencies

You exchange your USD, CAD, AUD, Euro .... for tokens, and with them,  you can manage exchanges in a local area among several shops or for a same purpose (like the japanese fureai kippu)

- Outsourced Resources Banking

From tangible assets or cash (which is the most tangible part of the money supply) , it's possible to back a secondary currency .... used to fill the need of cash in a common project !!! The wealth which back the currency could help to make the project sustainable ..... in this way, there are infinite ways to create ad hoc currencies

An Economy of PROJECT

The concept of "Outsourced Resources Banking" is based on the fact that overproduction and overconsumption are obsolete and unsustainable economic paradigms !!!

Common projects are the best way to get a useful economy !!!! By creating ad hoc secondary currencies, based and convertible by tangible assets, there are  unlimited options to create new assets, new services, new tools...

This video is a pretty good example of great partnership at low cost :

http://www.snowaddiction.org/2013/11/you-will-not-believe-how-these-russians-get-this-car-out-of-a-frozen-lake.html

The Etymology of the Word "Bank"

The Word "Bank" came from the old italian "Banca" which means BENCH .... 

The benches were used as a desk for the exchanges of monetary units... In the Middles Ages, each city had its own currency. 

So, A bank should be an open space, close to people !!!!   With the concept of "Outsourced Resources Banking", we try to imagine a such situation. 

 

 With the concept of "Fractional Reserve Banking" , a Bank is a "slavery machine" .... In History, the first monetary exchanges were more pragmatic, face to face, on a common projects....

 

If we can understand, money is only a guarantee to create new assets,  useful exchanges and positive interactions , we can go back in a more positive monetary system.

The Best investment EVER made !!!

It has been found by this little girl !!!

http://123-videos.fr/meilleure-piece-jamais-depensee/

To Liz Murray, author of « Breaking Night »

Dear Liz,

Like many other people, I enjoyed your bestseller. Your personal story is truly special and deeply inspiring …. I also appreciate your activity as a more than “legitimate” inspirational speaker …..

I survived cancers , brain surgery , I coped with stammering, but now as an above the knee amputee, I think the human being can be the worst challenge to fight with …. I grew up in a family of malignant narcissists, my younger brother has taken his own life in 2007. 

 Graduated with a master degree in historical geography in 2003, I have also pro training in sport and emergency management. But I wonder if the brain was not in the leg amputated, because a disabled gives really a disturbing image in my country : France. It’s truly difficult to be smart and innovative when everybody treats you like a child …. At 37 years old.

I published and continue independent researches, particularly on this blog. As a disabled, I can’t be part of an HAZMAT team, so I decided several  years ago to try to understand why the World is on the verge of a massive financial collapse…., which is a truly massive emergency situation. Money is a key element of the social life.  I am not communist, but the wealth pyramid is scaring : http://www.businessinsider.com/global-wealth-pyramid-2013-10  I developed an innovative  methodology and some explanations on this research blog … My motto : money is not a value or a debt, money must be a guarantee for useful exchanges and productive interactions . I am tired to listen self-proclaimed Experts, with a discourse not really  understandable for all people. 

You have a true experience of poverty and social pain , you are graduated in psychology …. I really would like to know your view about the psychological impact of the financial crisis in USA , especially on the children ?? statistics in US are bad , en Europe is on the same way…. I feel people don’t even understand the concept of money … 

 Complementary currencies are smart ideas but limited , I developed a different methodology on this  research blog, between complementary currencies and Central Banking, …… I have a small collection of antique  coins, but when money became a debt, I see an evolution in the collective consciousness, from an historical point of view. 

France is reputated to be  always involved in  a war in delay …… During WWII, French soldiers were equipped like during WWI. French people have still their pensions, therefore they don’t think about tomorrow or bankruptcy…. The nanny State will pay…  It’s difficult to be heard here …. I remember this quote from Jesus in the Bible : “A prophet is not without honour, but in his own country” …..  It’s the reason I would like to leave my country as soon as a truly painful file around my father’s legacy will be over …. Bureaucracy in France is a weapon of mass destruction. Currently, I struggle to make the end meets. We are entering in Winter, a month ago from Xmas ….. I love Xmas atmosphere in US or Canada through tv shows … I went several times in canada but never for Xmas.  I never been in US, but I coached your football (with helmets and shoulders)  in France. The north American state of mind seems more pragmatic, positive  and juvenile ….. than the always depressed old European mind .

  IF I can’t have an impact on my own life, and  must let my lawyer struggles in front of  4 relatives and an aggressive bureaucracy, I  would be more than happy ….. to use this period to give people an online class or a good education to explain them how money works, how the system is made and what can be done usefully …. I can’t do it in my area with  the infantilization I must cope with because of my disability … 

I am tired to wait a miserable pension from the French State and want to live ENTIERELY by my own skills , with critics about my work …., not about my amputated leg …..With 50 millions american people on food stamps,  I am sure there is a way for innovative actions ….

I hope this letter will come to you …… I don’t know how to contact you. Buddhism and Chinese medicine saved my life, and kept me in a good momentum until now …. A strong mind is the key of success, but the true list for success is  :

1. Skill
2.  Connections 
3. Toughness
4.  Luck

All the best,

Michael

The loss of value of silver coins ...... as currency

We know inflation is a painful tax on our financial assets ..... 100 euros in 2002 don't have the same purchasing power than 100 euros in 2013 .....

The same problem has existed when money was in precious metal..... A tetradrachm was a coin which worth 4 drachms ... I have a collection of coins from the antique greco bactrian kingdom 

A silver tetradrachm from the king Eucratides is weighing near 20 grams (170 - 145 BC)

http://coinindia.com/galleries-eucratides1.html 

A silver tetradrachm from the king Menander is weighing around 13 grams (130 BC)

http://coinindia.com/galleries-menander.html

A silver tetradrachm of Diomedes is weighing  near 10 grams (95 BC)

 http://coinindia.com/galleries-diomedes.html

An interesting article about a quote from the Dalai Lama

http://www.forbes.com/sites/erikkain/2011/10/12/the-dalai-lama-is-wrong/

The author is focused on social inequality in the Tibet before 1959 ...... But,  human inequality is the norm !!! People are tall or small, handsome or ugly, rich or poor .... intelligent or not smart !!! The differences are the wealth of a country.

The current financial crisis is the biggest social inequality ever  seen in the human history ......

Why we can't avoid Fiat currencies ???

It's truly difficult to live without fiat currencies .... Because taxes must be paid in fiat money .... , guaranteed only by the State signature .... Almost all human beings  are citizens of a State.

However, Create some ad hoc units of account can be useful in daily exchanges ..... many complementary currencies are pegged on fiat money .... It's a mistake !!! 

The concept of  "Outsourced Resources Banking" is between the Central Banking System  and the  complementary currencies.

Intuitive knowledge and the money

I believe the Ancients should use an intuitive form of knowledge to cope with their environment ….. It’s probably the reason many  of antique civilizations seem so innovative …. Antique Egypt has never used money, like antique civilizations from South America..... The coinage in Antique China appeared in  a later period

Money seems closely related with our use of rational knowledge which is a more limited form of cognitive abilities, increasing the  individualism