The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
(a) Geographically acceptable/fungible currencies - ie prepay units of land rentals sold forward at a discount;
(b) Global acceptable/fungible currencies - based upon the value of pre-paid energy (initially natural gas).
These asset-based currencies will be exchanged against people-based value on credit terms by reference to a standard unit of measure for value (a unit of account) which will in my view be an absolute unit of energy.
Note here that disparate energy currencies are not the same thing as the energy standard unit of account by reference to which they may be exchanged. One can no more run out of units of account than one can run out of kilogrammes or metres.
These exchanges of value require a suitable 'Guarantee Society' framework of trust.
Through adopting the necessary agreements/protocols and instruments we will transition from a dollar economy to an energy economy, and to least $, £, cost accounting to least energy cost accounting.
The end game is for the $, £, and to go onto an energy standard in the same way that the Euro nations fixed their currencies against an abstract (and literally worthless) .
See my recent presentations to the Schumacher College's 'Banking on Ourselves' course.
Flight to Simplicity
Resolution
Transition "The future is already here -- it's just not very evenly distributed" William Gibson
It is completely open to anyone to accept some-one else's IOU. What has been lacking is a consensual framework within which such credit creation may take place. "The future is already here -- it's just not very evenly distributed" William Gibson
Power seekers in public Government intermediaries are just as obsolescent as are private rent-seekers.
In the same way that risk intermediaries have an interest in dis-intermediating, since it minimises the need for risk capital, so it is that governments have an interest in doing so, because it minimises taxes.
If people come together and self organise to fill the vacuum left by the intermediaries - and that is what is happening - they may use consensual 'co-operative of co-operative' framework agreements, and currencies are among the outcomes. "The future is already here -- it's just not very evenly distributed" William Gibson
in these two slides, can you explain how the Pool maintains enough "insurance" funds to pay Sellers for defaulting Buyers? and how does the System ensure that too many free-riders do not participate (and presumably bring it down)?
http://www.slideshare.net/ChrisJCook/3-banking-on-ourselves-transition
http://www.slideshare.net/ChrisJCook/3-banking-on-ourselves-transition Point n'est besoin d'espérer pour entreprendre, ni de réussir pour persévérer. - Charles le Téméraire
do you have any document that articulates what you presented in text form? Point n'est besoin d'espérer pour entreprendre, ni de réussir pour persévérer. - Charles le Téméraire
by Oui - Jun 25 38 comments
by IdiotSavant - Jun 24 2 comments
by IdiotSavant - Jun 16 12 comments
by Frank Schnittger - Jun 15 12 comments
by Frank Schnittger - Jun 10 15 comments
by Bernard - Jun 6 23 comments
by Frank Schnittger - Jun 6 4 comments
by Oui - Jun 8 104 comments
by Oui - Jun 2538 comments
by IdiotSavant - Jun 242 comments
by Oui - Jun 232 comments
by Oui - Jun 23
by gmoke - Jun 22
by Oui - Jun 20
by Oui - Jun 1915 comments
by asdf - Jun 183 comments
by Oui - Jun 184 comments
by IdiotSavant - Jun 1612 comments
by Frank Schnittger - Jun 1512 comments
by Oui - Jun 1310 comments
by Oui - Jun 1240 comments
by Frank Schnittger - Jun 1015 comments
by Oui - Jun 95 comments
by Oui - Jun 8104 comments
by Frank Schnittger - Jun 64 comments
by Bernard - Jun 623 comments
by Oui - Jun 6
by Oui - Jun 524 comments