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
No comments:
Post a Comment