Post by jedrin on Dec 25, 2010 6:17:56 GMT -5
It seem's there is something terribly wrong with the world we live in.
Have you ever tried to think how much does it cost to produce 1 trillion dollars?
Almost nothing, just a few bucks.
Seigniorage, the difference between the face value of money and the cost to produce it, is the greatest power on the planet, unfortunately in wrong hands, to which we all serve.
In front of the central bank, there are two different options to choose from: to serve or to be served. If the central bank wants to serve, money is printed as a value; if the central bank wants to be served, money is printed as a debt.
In the concept where money is issued out of thin air - backed by nothing, by receiving absolutely nothing in return, why should we accept to be indebted for an amount equal to all the money issued into circulation?
The answer is shocking and scandalous...
So, it's time to make some changes. Are you ready? Then fasten your seatbelts for the updraft that's coming...
The Great Money Challenge: Community Currencies
Have you ever tried to think how much does it cost to produce 1 trillion dollars?
Almost nothing, just a few bucks.
Seigniorage, the difference between the face value of money and the cost to produce it, is the greatest power on the planet, unfortunately in wrong hands, to which we all serve.
In front of the central bank, there are two different options to choose from: to serve or to be served. If the central bank wants to serve, money is printed as a value; if the central bank wants to be served, money is printed as a debt.
In the concept where money is issued out of thin air - backed by nothing, by receiving absolutely nothing in return, why should we accept to be indebted for an amount equal to all the money issued into circulation?
The answer is shocking and scandalous...
So, it's time to make some changes. Are you ready? Then fasten your seatbelts for the updraft that's coming...
The Great Money Challenge: Community Currencies
