AFTER the Fiat currency system ....

The chaos ...???? I don't think so ... I trust in private or complementaries currencies. And the current financial crisis will be still long at least until 2020...

The collapse of the US Dollar  will be our Fall of the Roman Empire !!! This decade will remain in the History.

The vicious circle !

Money has probably been invented, 2600 years ago,  to reward quickly soldiers ..... and the King's allies.
In defensive actions, it was not necessary to reward a soldier, because every citizen could been soldier to defend his life ...

Paying quickly soldiers is only useful on offensives actions , like invasions.... And the irony is : they needed silver and gold to pay soldiers for the invasions, so they  fought in many wars to find Silver and gold supply ..... to pay soldiers for new wars ..... It is as stupid as to pay old debts with new debts , like we see nowadays in the western world ....

Image you , 3000years ago, as a King of a small land with a growing population .... Your neighbor is rich in natural resources and has a small population .... Why not let the most scholarly people discussed a partnership and create a token in bronze to be used in both kingdoms ???

The bankruptcy and the banking system ….

With the concept of Fractional Reserve Banking,  too much credits can be emitted, therefore bankruptcy can occurred more often …. In this system, creating  money IS making money !!!

With the concept of “Outsourced Resources Banking”,  the purpose is creating tangible assets, using an ad hoc currency as a medium of exchange !!! in this case, creating assets IS making money !!!! 

Here, a good book in French about the history of  bankruptcy in France :  http://www.amazon.fr/Vive-banqueroute-Comment-Philippe-g%C3%A9n%C3%A9ral/dp/2369210001

Too much "money debt" has been emitted ... a cut will occur !!! Social links are broken .... and it's a true problem

Another kind of Bank ....

In a bank using the system of « Fractional Reserve Banking », the deposits are a loan at the bank and loans of the bank are its assets ….. The dependency is the main word !!!! 

I am working now to create a project which is  a small bank using “Outsourced Resources Banking” , where Deposits and Shares are its assets and loans of the bank  are an ad hoc currency focused on sustainable and accurate projects …. around fields like Emergency Management, Sciences  or Intangible Heritage.

Who must keep the cash ??

The goldsmith kept the “”cash”, several centuries ago ….. Bankers now !!! but in a sustainable society, who must keep the « « cash » » ??

Any government should have 3 main missions :

• Security
•  Law
• Common well being

 Money creation is related with all these missions !!! Why the States  gave up money creation ? probably  because finding the money supply, like physical gold and silver , was too difficult and expensive !!!!

A "credit based" human society is unnatural …. Because it involves using the wealth of the future generations, instead to create good conditions to them.

Cash must not be hoarded, but circulated and invested in tangible assets !!!! The "Not created" interests are clearly a disease.

My twitter account

Because I think there are enough good concepts on this research blog , which should be used in the real life !!! So I have opened a twitter account

twitter.com/milasolidus_orb 

"Debt : the first 5000 years"

A very interesting resource !

http://en.wikipedia.org/wiki/Debt:_The_First_5000_Years

 http://www.unwelcomeguests.net/Debt,_The_First_5000_Years