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Author Topic: Money  (Read 29835 times)

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AGelbert

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Re: Money
« Reply #15 on: April 17, 2015, 03:02:03 pm »
Dystopia:

The "currency" of Dystopia:

3 09 Ralph Borsodi Constant Currency

22 § Community Currency Magazine March 2009 Issue
Quote

The BorsodI Constant aka “the Exeter experiment ”InFLatIon Free Currency (approximately 1971-1974)


United States Constitution forbids the counterfeiting of this nation’s currency, however, it in no way limits the circulation of a completely alternative medium of exchange...

3 09 Ralph Borsodi Constant Currency

What MUST we do to have a type of FUNCTIONAL society based on human CARING CAPACITY instead of the exploited biosphere's "carrying capacity"?  ???

We must adopt a currency that reflects REAL VALUE in the biosphere. The use of this currency must nurture LIFE, not reward coercion, greed, war and death.

Ralph Borsodi came up with a local currency called the "CONSTANT".

I like it. With some fine tuning   ;D, it would fit the bill for a Green Libertarian Socialist  currency that would meet the Caring Capacity requirement to nurture LIFE, not reward coercion, greed, war and death.

SNIPPET:
Quote

The first Constants were sold on June 21st 1972. Over a period of about three years, Borsodi presented his ideas to many people who deposited approximately $100,000 in his bank experiment called Arbitrage International and the funds were used to buy the basket of 30 basic commodities on the world market. (Arbitrage International maintained a Luxembourg and a London office, in addition to its temporary headquarters in Exeter, New Hampshire.)

“The value of a Constant was based on that of specific amounts of thirty basic commodities,
including gold, silver, iron, aluminum, lead, copper, nickel, tin, zinc, coal, oil, wheat, barley, rice, rye, oats, soya, maize, wool, cotton, cocoa, coffee, copra, hides, jute, rubber, cement, sulphur and sugar, and holders could sell them at any time for the total of whatever the constituents were then worth:



Borsodi’s organisation, Independent Arbitrage International, recalculated the Constant’s underlying value monthly and let the banks know. “ People who bought Constants from Borsodi’s organisation at, say, $2.18 a 10-Constant note were surprised later when the bank
paid them $2.19 for it” a local newspaperman, Mel Most, wrote after the experiment had been running for seven months.” 

“To everybody’s surprise, even including Borsodi, many people bought Constant notes and made deposits in the bank checking account. At the same time Constants began to circulate around the town of Exeter, where restaurants and other businesses accepted them in payment.”

The participants in the experiment saw the value of their constant rise 17% in three years. 36 months into the test, “...a constant bought in 1970 can still be traded for exactly one constant’s worth of goods . . . while a dollar will now buy only 85% of what it would purchase three years ago.”

3 09 Ralph Borsodi Constant Currency

HERE is the typical BALONEY double talk response from the gooberment:
Quote
What did the U.S. Treasury Department have to say about the private currency? 

A Treasury agent was quoted at the time saying, “We don’t care if he issues pine cones, as long as it is exchangeable for dollars so that transactions can be recorded for tax purposes. ” 


"Tax purposes" DOES NOT HAVE BEANS to do with it and COERCION to make people accept a  worthless fiat currency issued by the "Federal" Reserve has EVERYTHING to do with it. But they don't say that, do they?  ;)  THE INSTANT people with REAL currency try to PROPERLY value fiat dollars (see USED toilet paper or less), the profit over planet counterfeiters get their balls in an uproar. 





« Last Edit: April 17, 2015, 05:29:26 pm by AGelbert »
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

 

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