Forum Post: Solution - A new currency
Posted 12 years ago on Oct. 19, 2011, 6:25 p.m. EST by lovinglobo
(3)
This content is user submitted and not an official statement
Nothing is preventing us from starting a new currency. A currency that has a built-in rule> it cannot be created out of thin air, it needs to be backed by something tangible.
Nothing is stopping us from setting this up. It is legal, and it could be like a game that by-passes the current system (no exchange rates in the first phase). And if done well it could grow to be more powerful than all major currencies put together.
But it needs you, your ideas, time, backing and effort! How can we decentralize this as much as possible and still regulate it? And who will come up with a name for this currency so we can start our discussion?
Jct: You don't want to centralize it nor regulate it. In 1999 I paid for 39/40 nights in Europe with a timebank IOU for a night back in Canada worth 5 Hours registered on my own do-it-yourself P2P timebank account page for those IOUs at http://facebook.com/john.turmel?sk=info page listing my Offers, Wants, Hours given, Hours received. Find UNILETS UNISET to see how I set mine and how you can set up yours to join the 99% in the underground timebanking economy. Youtube Occupy Toronto Pauper Party
Already was Edison with that idea on early 1900... but some more recently.
www.energybackedmoney.com
Año 2007
http://www.kilowattcards.com/template/index.cfm
Wikipedia .
http://p2pfoundation.net/Energy-Backed_Currencies
Año 2008 http://www.odemagazine.com/exchange/...d_p2p_currency
http://www.roperld.com/science/CurrencySystems.htm
You also can use Bitcoins
If you want to back a US currency why not back it with or most abundant resource. Grain. You could make a hybrid backing as a combination of resources.
Grain does not make a good money, it is not durable and is susceptible to drought, disease and pestilence.
Can you explain to me how the US Dollar has got us into this situation?
http://mises.org/books/whathasgovernmentdone.pdf
There are people working on this. Talk to the alternative currency working group. There's nothing wrong with creating credit money from thin air, only commercial debt money. This is a very serious idea and needs to be executed very seriously. Currently a much less disruptive proposal is under discussion, see http://thanknotes.org
Comment on Questions on my Facebook (User Submitted) Posted Oct. 23, 2011, 7:59 p.m. EST (11 minutes ago) by community | edit | delete
Please have a look at my Facebook Pages and the two questions that were created:
1 "Would you support a worldwide Community Currency for the common good of the people"
2 "Do you agree with "Occupy Wall Street" concerns and grievances"
GO TO
http://www.facebook.com/darrylastin?sk=questions
and please spread the word, through emails and social media. Thanks
Warm Regards
Darryl Astin
No need to back the currency - watch the secret of oz
The problems are political and so is the solution. Politicians are powerless in front of big corporations and lobby groups. The actual democratic system needs to change so that political decisions involving taxation and banking laws can be change. This will only be possible when the will of the majority is heard. For that to happen you must first get organized in a parallele democracy of your own so that your voice is united in a common claim you can agree on. Register your people properly, open a site on a secure server so that registered user can vote online on a common claim. Once you have a system like this working, where every one is registered and can say yes or no to a proposal, you will have a group of people that have a perfect democracy. Once there is an example of this, it could spread around fast and be a very effective way of changing things. This is a great opportunity to start using the technology we have to consult people on what they really want instead of voting for a party every four year which has become meaningless to me. I believe that your protest is a fragile thing that could turn for the worst if those energies are not focused towards a common goal with a proper claim.
The proposed solutions are not mutually exclusive
If you mean on a national level what's the difference between that and simply putting the dollar to a specific standard?
If you mean OWS, well alternative currency systems are quite common. Frequent flyer miles are the most common I suspect. There are even electronic options nowadays. I don't think OWS backing one specific alternative currency system would be a good idea though.
I mean on a global level.
The dollar is held up to numerous standards, but that doesn't do us much good does it?
Wait what? What standard is the dollar held up to?
"In the United States, the Free Banking Era lasted between 1837 and 1866, when almost anyone could issue paper money. While there are more restrictions today than in this era, it is still legal to create your own currencies. States, municipalities, private banks, railroad and construction companies, stores, restaurants, churches and individuals printed an estimated 8,000 different monies by 1860 and can still do so today." - http://en.wikipedia.org/wiki/Private_currency
Or maybe you mean the chinese currency "yuan"
If you are a 'brother' from another 'mother'... then you might like this video a little more than the other one I gave you:
http://www.youtube.com/watch?v=e97AjDcftb8&feature=related
They are 10 Steps ahead of you. It's called the 'Amero'. Here's a quick video reference: http://www.youtube.com/watch?v=6hiPrsc9g98
No it's not legal. There is only one legal tender. That's why they went after the Liberty dollar when the libertarians tried to do just what you suggest. They ended up locking the dude who started the whole thing up recently for "counterfeiting".
It is precisely because this is illegal that it would raise alarm bells with the 1%. They can lock up one dude, but can they lock up 99% of the country for refusing the US dollar? The only problem with this approach is, who's going to be the first 99% "martyr" that goes to jail for this, and will enough follow suit?
The other problem is getting the market to accept it. I have thought about doing this on my own for awhile since I own silver bullion that I have been sitting on for a long time.