RegionalGeld / RegioGeld / RegioCurrency / Regional Money

first of all there is not one form of capitalism and not one form of communism there different “flavors” of the both, where capitalism and communism is the same is marked in orange. (warning, list is by no means complete, feel free to comment)

pros:

  • big individual freedoms (but the NSA is watching you and already calculating your “score”, the Chinese do it in public, the NSA in secret… and if they don’t like you, they might just send you a drone)
  • high innovation (but as companies get bigger and bigger, corruption goes up, innovation and even quality goes down (Microsoft, Apple, BWM are following the path of Nokia and Kodak) often resulting products are useless garbage or even worse: faulty per factory products (they want you to buy more and more instead of less and less, planned obsolescence) whatever sells and people “believe” need to be “cool”)
    • (nobody sleeps in front of Apple-Stores anymore to spend all their money on the latest iPhone XXXXX)
  • in theory – shared responsibility – everyone should take responsibility for his/her own fate/lifes, but in the end everybody only cares about themselves / their wealth / their houses (breeding systematic pathological egoism)
    • a lot of CEOs escape responsibility and thus act irresponsible (they want their 100 Million, no matter how the company is doing or if it will still exist in 3-10 years)
    • most people do know how and why to take responsibility in their own hands
      • responsibility would mean, give them a piece of land and teach them why it is important to take care of it and grow healthy vegetables in for themselves, instead of depending on a monetary system that is monolithic, highly instable/fragile and to buy from food-monopoly of companies, instead of producing your own.
    • most people will not take more responsibility than for themselves (often do not feel responsible even for their own children)

cons:

  • fake elections: you can vote but it does not make any big difference in policy making
    • money influences lawmaking too much
  • concentration of wealth leads to fascism (concentration of undemocratic power) riots and uprisings between “the lazy filthy rich” vs “the lazy super poor without any perspective” (without hope to improvement)
  • privatization and exploitation: the term “privare” is latin and means “to deprive, take, rob” – people that “own too much” land – will be filthy rich even when working nothing – because they tax the not-owners more and more (greed) to the point of collapse (all restaurants close down and move out of town, no restaurant can afford the rent)
    • definition of filthy rich: if you can not remember the last time you cleaned your own bathroom yourself. (because employees will do it for you)
  • treats nature very recklessly
  • unstable (unpredictable bubbles and crashes)
  • insecure (the free market feels not responsible for society, it is up to the individual)
  • unsustainable (in the current form at least)
  • too much competition that starts in childhood
  • mass surveillance of the public (thanks Snowden! no one ever thought this would be possible)
  • corruption
  • science and universities are very much “market driven” means dependent on external money from sponsors (big pharma, big industry) thus studies and research results might be “blatant lies” to sell a product, studies are conducted in a truth-manipulating way – this will and can even stall scientific progress because what “does not pay off” will not be studied
  • healthcare is very expensive – half of the population can not afford it.
  • public school might be free but of bad quality (massively underfunded, budget got destroyed)
  • private school very expensive, 90% can not afford it
  • university very expensive
  • freedom of speech:
    • you can say what you think – but expect every word you say – every word you typed on a phone or in a computer to be recorded by the NSA (your government) and stored forever, analyzed forever and in the worst case – used in a manipulative way against you in court – forever. (Julian Assange, 1984)
    • comedians are allowed to speak truth to power, if it is funny and not insulting their boss (whoever that is, nobody knows)

pros:

  • everyone has a job (even if the way of conducting that job was with outdated technology, low innovation, inefficient, low safety standards)
  • healthcare is free
  • school and education is free
  • money was not the problem
  • no competition
  • science and universities do not need to “earn private money” – do not need to fake studies (except if the result does not please the boss, e.g. boss decision was wrong needs to be reversed): research is actually independent and studies and results should be “more true” (conducted in a non-manipulative way) unless someone tries to please politics and thus fakes progress (well this will not work for long)

cons:

  • fake elections: you can vote – but there are only two parties – if you vote the non-governmental party – that’s it – off to slave labor camp with you
  • not so much individual freedom – the state commands you to study this and that – work at this or that (state owned) company
  • low innovation, because people were not encouraged to think for themselves, innovation was stagnant
  • low variety of buy-able products
  • treats nature pretty much as recklessly as capitalism
  • exploitation: some people that were not fond of the regime were used as slave labor in Gulags (working camps)
  • mass surveillance of the public
  • corruption
  • all responsibility is with the government
    • if the government makes bad decisions the consequences might be very devastating for all society
    • this can be seen as an advantage for people that are good employees but bad CEOs
  • freedom of speech is very limited
    • people have gone to slave labor camps for making a joke about the government
    • while this might be – of course – insulting – it also deprives the system of learning about it’s mistakes early

How society should be:

Dalai-lama: “The meaning of life is to be happy” (in Buddhist terms this means deep inner satisfaction, this can not be bought)

A happy, safe, sustainable society that keeps on learning and developing itself.

  1. allow people to learn:
    • it shall be allowed to think and speak about how society works in order to improve it for everybody.
  2. gap between rich and poor shall be non existing or slim
    • the gap between rich and poor is not so big
    • where the poor get the feeling, if they work hard, they can improve their living standards
  3. sustainability:
    • the way of survival/conducting business shall be in a way that can be passed on to children and grand children
    • respect for the balances of nature, balance in everything is very important a human body that is not in balance will die.
  4. purpose in life:
    • everyone should actually contribute to society as much as he/she can
    • do truly important work that actually matters
    • no bullshit jobs
    • no lazy “stupid” super rich
    • no lazy “paralyzed” depressed super poor
    • no exploitation
  5. sharing and recycling of resources
    • it is outright wrong, that people born in a country can not afford their own land (not a single hectare) how are they supposed to survive?
    • yes resources are finite – but not a single human being “invented” and created the finite resources of this planet (oil, gold, silver) so actually it belongs to everybody
    • it is very important to produce products that last long and the resources consumed can easily be recovered
  6. never consider your concept of society complete
    • if mankind stops learning it will stop existing
    • when it comes to self reflection and learning capitalism and communism have both been pretty stubborn – the first does not want to hear what threatens profits – the second does not want to hear what criticizes governmental decisions (right or wrong).
    • both systems need to think about a constructive freedom of speech way that helps both systems learn and develop further – towards a hopefully better society.

In liberal capitalism people enjoy a lot of freedoms – so they can fully live out their individual ideas of what might or might not make them happy.

In theory you can be a Muslim gay men married to a lesbian woman (just because you can) and become an child care taker that as a second job works on weapons of mass destruction – while campaigning for peace on the weekend.

In the end – it is always about survival of life (not only the species homo often not-so-sapiens) on this planet – in the solar system – in the universe – in this reality.

At the same time – capitalism gives no sustainable concept for survival to the people – either you come up with your own plan (which might work or might fail miserably again and again) or you have no concept – you have no job – you do not know what to do – you basically go straight from school to state-sponsored-joblessness.

In communism – sustainable survival (as far as i know) was also not a high priority (taking care of nature) – liberal freedoms were not so big – the state decided for you what you would study – what job you would pursuit – because they had the data – where workforce would be needed in 3-4 years time.

I have heard young school children are so confused – they do not know what they shall study.

What career is worth pursuing.

Because it is not only important – that you like your job – it also should generate an income so you can build a house and survive as a family.

If you go to a state-entity that manages joblessness a “JobCenter” – they have a lot of data – a lot – but they still can not tell a school kid “if i was you i would do this and that”.

They can not.

People with environmental sustainability concept- by Rawpixel. View all resources by Rawpixel Ellipsis
People with environmental sustainability concept- by Rawpixel. View all resources by Rawpixel Ellipsis

So school kids are completely left in the dark.

What happens is often children learn from their parents – if they have a good job – they will do the same – if their job sucks (low job security, low pay or no work to do at all in this field) they most certainly will do something else.

There needs to be a sate given – binding – scientific sound and sustainable concept for basic survival for “the average jill an joe” living in “modern” high tech societies with modern fiat money.

If there is not – it is simply irresponsible – for the state and everybody – to leave people in the dark and let them figure themselves out how to survive and fix all the problems in their lifes.

This most certainly will lead to chaos and violence – because – even if you would give them “free stuff” aka fancy digital or colored paper money – people still need a purpose and meaning in their lifes.

what will definitely NOT fix the problem is raising rents and taxes (on things people need to survive) until breakdown of society. Running away from problems – just in case you have not noticed will also not fix them. Everybody should fix the problems in their own country.

After all people – families – just want to survive – in the US, in Europe, in Russia, in China, in India – everywhere if “the market” “the economy” “the monetary system” “the state” is not helping them – they shall step down and get out of the way.

Yes – it really is that bad.

Date 17 November 2018 – present
(6 months and 17 days)
Location

 France

Caused by
Goals
Methods
Status
  • Ongoing
Concessions
given
  • Cancellation of fuel tax and six-month moratorium on diesel and petrol price changes[46]
    • <- this is absolutely pathetic. if the oil and car industry would not be so corrupt – we would have cheap super reliable safe flying cars on renewable hydrogen (a CO2 neutral fuel that can be produced by everybody that has electricity)
    • here you can see best how “fuel” people and society depends on – is used as a weapon of mass control since decades – how those in power risk the collapse of society – just to stay in power a bit longer or make a little bit more profit in the short term – instead of working and investing in solutions that help everybody. CATASTORPHIC!
  • Promise that most would see an effective increase in the minimum wage of €100 per month by 2019[47]
  • Announcement that price of Électricité de France blue tariffs would not increase before March 2019[48]
  • Elimination of tax on overtime and end-of-year bonuses[49]
  • Decrease of fuel and motor taxes[50]

The Gilet Jaunes are just the beginning…

… the rise of the far right will be way more devastating for “the world order” – because just as the left – their aim is to destroy the corrupt current status quo.

… but instead of fixing the problem – “the market” will just say “okay – far right got voted in – we just shift investments more towards the weapons industry and gas chambers”.

Thyssen a industrial magnat - was so afraid of communism taking away his riches - he was willing to support anyone who fought communism - we all know how it ended. <a href="https://altcoopsys.org/2019/07/05/the-miracle-of-worgl-could-it-have-prevented-the-second-world-war-now-also-as-a-feature-film-das-wunder-von-worgl-hatte-es-den-zweiten-weltkrieg-verhindern-konnen-jetzt-auch-als-spielfilm/">https://altcoopsys.org/2019/07/05/the-miracle-of-worgl-could-it-have-prevented-the-second-world-war-now-also-as-a-feature-film-das-wunder-von-worgl-hatte-es-den-zweiten-weltkrieg-verhindern-konnen-jetzt-auch-als-spielfilm/</a>
Thyssen a German industrial super rich – was so afraid of communism taking away his riches – he was willing to support anyone who fought communism – we all know how it ended. https://altcoopsys.org/2019/07/05/the-miracle-of-worgl-could-it-have-prevented-the-second-world-war-now-also-as-a-feature-film-das-wunder-von-worgl-hatte-es-den-zweiten-weltkrieg-verhindern-konnen-jetzt-auch-als-spielfilm/

does not sound like a solution to me – actually not a solution at all – just the beginning of more catastrophes and problems.

France: ‘Neither Macron nor Le Pen’ – Students barricade school entrance in protest

You can close your eyes – but the truth – will stay true – no matter what.

The big “mistake” the far-right does: it does not question the monetary system.

It is simply not on their radar.

Because they see the problems somewhere else.

Which will lead them – again – to unsustainable and catastrophic solutions – even the far-right fanatics will have to admit – are no solutions.

Elon Musk: “unsustainable means – it is going to end.”

Here are five areas for research which would cut to the heart of the problem of central banking and fiat money today:

  1. Risk, risk modelling and incentives – Inadequate risk modelling follows as a consequence of the moral hazard implicit in the system. VAR-based risk models have repeatedly been shown inadequate yet they legitimize under-provisioning for losses, thus increasing risk and inflating profits. Leverage ratio regulation suffers from the epistemological problem of the social sciences so it is likely to fail. The accounting provisions of IFRS in relation to mark-to-market and loan losses further promote risk-taking and instability. Basel capital adequacy rules failed in the past and will fail again. Authors: Kevin Dowd, Gordon Kerr, John Butler.
  2. Capital-based macroeconomics and the boom-bust cycle – CPI targeting is dangerously misplaced: consumer prices are the final signal at the end of a long production chain. Monetary fluctuations have material effects on the real structure of prices and capital. Prices become detached from underlying realities such as resource availability, technology and consumer preferences. Interest rate manipulation by authority disco-ordinates the economy in time by sending false signals about preferences for saving, borrowing, consumption and investment. Authors: Jesús Huerta de Soto, Detlev Schlichter, John Butler, Roger Garrison, Kevin Dowd, Mises, Hayek, Steve Horwitz.
  3. Money creation and the social process – Money is not neutral: changes in monetary policy have real distributive affects which may explain the UK’s severe economic imbalances across sectors and regions. Even in environments of low CPI, those distributive effects can undermine faith in the market process over the long term. Authors: Keynes, Mises, Hayek, Jörg Guido Hülsmann, Jesús Huerta de Soto.
  4. Economic expectations, big players and financial stability – Big players have market power, they are insensitive to the discipline of profit and loss and their actions are discretionary. Big players promote herding and instability. Central banks are the stereotypical big player. Free banking with commodity money was historically more stable than fiat money and central banking. Authors: Roger Koppl, George Selgin, Kevin Dowd, Alan Greenspan.
  5. Knowledge and method in the social sciences – The information necessary to support economic planning is not available. It is distributed in the minds of economic actors. It is subjective, practical, tacit, non-verbal and often time-variant. Much of it remains undiscovered at any moment and regulation hampers information discovery. Only the price system reveals the preferences of billions of individuals working in dynamic systems of social co-operation. The role of the entrepreneur is to discover how best to combine the means of production to meet consumer demand. Social processes are therefore not susceptible to contemporary methods. Authors: Jesús Huerta de Soto, Israel Kirzner, Mises, Hayek, Kevin Dowd.

The Bank might also investigate Gross Domestic Output (measuring all stages of production), definitions of money and alternative currencies.

We are ready to help.

src: 2015 cobdencentre.org

comments:

MrVeryAngry: So, the Bank is the problem then. Not the solution.

Kevin Dowd: gave up on the OneBank agenda 14 words into their opening statement:

the key word is “integrated”.

No need to read on beyond that.

Like Steve, I was hoping for something a little more radical, eg, like openness toward a research revolution – not that my hopes were that high to begin with.

Goodness knows they need it or we wouldn’t be in this mess. More of the same isn’t going to help.
But, yes, we are ready to help … if they will let us.

Kumhof (Bank of England)

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