Vancouver's Leader in Transition toward Strong, Resilient, Complete Communities
Sovereign Currency In Sovereign Accounts Of Sovereign Men
30 November 2011 - George Washington's Blog: "The coordinated swap line bailout by the Federal Reserve Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank- and China’s reduction of reserve requirements by .5% – shows desperation. The confidence and trust is gone. Every major bank in the world is insolvent, whether it be in the U.S., Europe or China. These Central Banks are owned and controlled by the very banks they are bailing out. They are telling you they have it under control. They do not. They have lost control. The debt is too great and will destroy the economic system of the world. This is a last ditch effort by those in power to grab the last vestiges of middle class wealth. The stock market will soar today, benefitting bankers, politicians, and the 1%. They have solved nothing. The debt remains. The debt will not be paid."
It surely can't come as a surprise that in this tragic times, somebody has put an effort in explaining the difference between the state and the mafia, which can be found on the Internet by Googling "10 Reasons Why The Mafia Is Better Than The State". Have you ever dared to imagine how your life and business would have been like if the state and the mafia would not interfere in it?
Alternative Currency: Sovereign Money In Sovereign Accounts Of Sove...
Replies to This Discussion
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Permalink Reply by Randy Chatterjee on
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If the Canadian banking system is as strong and stable as they claim, why are they so worried about Southern Europe's potential sovereign defaults? How could that rattle us "way over here"?
Then consider why the loan spreads (retail lending rates minus the discount rate) are so high in Canada, as most everywhere where trouble has already started. Why aren't our genuinely solvent Canadian banks undercutting each other to offer lower rates?
Nothing adds up, but the writing is on the wall: the US is mired in recession, is and will continue to pursue mercantilist policies, and the property bubble in Canada will burst, sucking trillions of dollars off the balance sheets of both individuals and the banks.
Start learning about Argentina's sovereign default in 2001, and protect yourselves against such an eventuality. Remember, prevention is 9/10th of the cure. Start making more friends now, and do not put all of your eggs in one basket.
And finally, don't panic. After all, we are just talking about money, and you can't eat it.
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Duric,
The Village has a monthly discussion and action group to make real changes. We are near to issuing a new currency in at least one neighbourhood of Vancouver, and we are working on a new set of council ecological principles by which our city should be run, ethically and fairly.
Join this group here to get updates ahead of our meetings.
Randy
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Permalink Reply by Duric Aljosa on -
Hi Randy,
that's great news :)
If you want - when you have some free time - you can send me few words about your efforts, I would be very glad to publish them on our alternative news page...
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We also have another long-time working group involved in helping to build the local economy, less theoretical and more practical. This groups activities are shown here: http://www.villagevancouver.ca/group/localeconomynetwork .
Despite all of this, we have a long way to go. In Vancouver, the dollar is king and god of all. Changing this culture may take a lifetime, or a very serious financial and economic collapse.
Crom seems a good effort to replace interest-bearing currency. Another great model is Community Way, here: http://www.communityway.ca/ . This system is active in Comox/Courtney (Vancouver Island) and is the basis of our concept for the Dunbar Dollar.
Randy
© 2012 Created by Randy Chatterjee.
