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Old 06-22-2009, 11:36 AM   #47
Cymatic Veilbegone
Avalon Senior Member
 
Join Date: Sep 2008
Location: 528 HZ, Costa Rica
Posts: 227
Default Re: Money of the Future - and how we can implement it - interesting proposal

Quote:
Originally Posted by NorthernSantuary View Post
The link is "Not Found"..
He has a video series here on money from a talk given last March/2009:

http://www.ascentofhumanity.com/video.php
thanks NS

2 more articles from Reality Sandwich by him, and seashore's comments on them...

http://www.realitysandwich.com/money_a_new_beginning
http://www.realitysandwich.com/money...ginning_part_2


Quote:
Originally Posted by seashore View Post
My understanding is that he's proposing a system called "demurrage." Money depreciates in value by design. To remain valid, each piece of currency requires a monthly stamp costing 1% of its value. The currency is called "stamp scrip." Accumulation of wealth becomes a burden. Society changes.

This is a paradigm shift.

He said that the system was used in the town of Worgl, Austria in 1932 and it was working beautifully until it was outlawed in 1933 at the behest of a central bank.



He said something similar was used in the U.S. after the bank failures of the early 30s until F.D.R. banned all emergency currencies.

Interesting stuff...
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