You are here

Adventures in mutual credit

I was getting so lost that that I had to step back for a few hours and create this map. It was extremely useful! TypedData (has a $definition) - Any (not used) - Language - PrimitiveBase - String - Email - Boolean - Integer - TimeStamp - Float - Binary - ItemList - FieldItemlist has $entity property and instance settings - DateTimeFieldItemList //list_class for the datetime fieldAPI field. - FileFieldItemList //list_class for file and image fieldAPI fields - TaxonomyTermReferenceFieldItemList //this is the list_class for the...
Money is so much more than a means of settling debt or a measure of your claim on the productive wealth of the rest of the world. If we are to design alternatives to money we need to understand not only the classical functions but the secondary effects and meanings which are not always recognised. I just jot some of the following sentiments which might be expressed when I give money to someone. I have given you money equal in value to the product/service you have me, so we are even. I give you this money in recognition of the value you bring to me / to the universe. I am recognising /...
Many Bitcoin devotees decry modern economics with its debt-for-money and laxative easing which serves entrenched and corrupt political power. They argue that a public blockchain and limited coin supply restores honesty to money, and hence economic justice. Much of this thinking is aligned with the the Austrian school; Ron Paul and Max Kaiser famously believe that money should be a commodity, with hard limits on its quantity so that politicians cannot manipulate. Because Bitcoin has some of the properties of gold and more qualities besides, this wing of monetary reformers has largely jumped...
Stephan Tual, CCO of Ethereum project, penned this helpful article outlining some of the possibilities of the new technology. I recommend you read it. In my own words, Ethereum can do to lawyers what Bitcoin is doing to bankers. Which is to say, Bitcoin exposes the inefficiency and inequality of a centralised banking system issuing debt money for profit. Central banks have responded with a coordinated public drubbing, and by erecting legal and financial barriers to Bitcoins free movement, thus preventing it from being either a currency or a tool for libertarians. Meanwhile the same...
Dear Mr Bailey, I have in my possession a 'banknote' with your name on it, but am unclear as to its meaning. The words "I promise to pay the bearer on demand the sum of five pounds" are followed by the image of your signature, which makes me think it is a contract between you, the signatory, and me, the current bearer. So I write in hope that you might clarify a few questions which arise in me. 1) Which of the following types of legal instrument is this banknote? A promissory note of some 'pounds' from you to me? A bill, which unlike most bills I have used, carries the signature of the...
For those that don't know, Max Kaiser is an independent broadcaster with a thrice weekly program on Russia Today, and he appears occasionally on the BBC and elsewhere. He amplifies all the reporting on financial fraud and rages and sneers entertainingly and informatively at financial terrorists. His partiality, colourful metaphors, and defamatory outbursts make him not a very good journalist, but a master propagandist to whom the Kremlin is happy to give a platform. He's also an activist in his own right, telling the people to disbelieve the hype, rise up, and take back the financial power -...
Dear Hull, Congratulations on your courageous and historic decision to issue a new currency. In the little world of complementary currency geeks, which I inhabit, this is very big news besides which the Bristol pound pales. The last comparable initiative in Europe was in 1934 Austria; in the midst of a depression which gave succour to National Socialism, the town of Worgl issued its own currency which brought unprecedented prosperity to the town for 13 months before being pronounced illegal by far-off Vienna. A monetary museum in the town gives modest testimony to that moment of...
Bank of England seems to have gone out of their way to explain, in near comprehensible language, how money is created. This admission is a great pat on the back for Ben Dyson, who with the team at Positive Money, have been publicly pressing the issue. We have numerous quotes from bank officials mentioning in the past how money is created, but this publication represents an attempt to communicate with industry professionals and armchair economists alike, how money actually works these days, stressing that many text books are somehow wrong. If those documents are too dry for your taste...
English | Espagnol Many ecovillages are struggling to live the dream because they have yet to escape from debt and the need to pull money out of the global economy to meet their needs. Few of them are creating the things they need to live, so the majority of ecovillages are drawn into the main stream economy to meet basic needs. Ecovillages should be cooperating in wealth creation and replacing scarce money in their economic relationships with abundant trust. I have been made an ecovillage ambassador to enable me to explore the ecovillage economy more deeply, and ask the following...
A catastrophic chain of events is unfolding across Africa as commodity markets tumble, currencies are sliding, derivative markets are vapourising, and the effects are starting to be felt in the civilised world. European finance ministers, who only yesterday were trumpeting record stock market highs, are bracing themselves for difficult days ahead. Rumours coming out of Mali are focusing on a visit of the Chinese Ambassador to the stock exchange. Mustapha Ali, a trader in the Timbucktoo Stock Exchange, blogged this less than an hour ago: "It was an important day for the country, and...

Pages

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer