Commons Transition Stability Plan and Rapid Response Team: Difference between revisions
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* Pat Conaty: "I have suggested three practical ideas on this list for your consideration: 100% money, emergency currency via patacones/stamp scrip (local authority fee based money) and public banking. These three solutions are not either or but both and." | * Pat Conaty: "I have suggested three practical ideas on this list for your consideration: 100% money, emergency currency via patacones/stamp scrip (local authority fee based money) and public banking. These three solutions are not either or but both and." | ||
** "The beauty of the James Robertson proposal in my short review as he provides the figure work and maths involved to show how a new government can indeed switch existing money supply that is 97% in most countries debt and only 3% coins and notes, to 100% fiat currency, debt can be cancelled by just swapping debt free money for debt money. This is why the solution developed in the 1920s was called 100% money or positive money also today. | |||
But as you will read in the article, debt can be retired this way and bankers lose rights in future to create money by just making loans. This works for the UK as it has the pound but if Greece leaves the Eurozone and returns to the drachma it should be on a 100% money basis. | |||
A country like Greece could pursue this. Creditors get paid so it is peaceful solution. So worth checking out the James Robertson book George as you asked me for another reference beyond Ellen Brown. He developed this model with Joseph Huber in Germany. So an anglo-german partnership here and a sound one for how to update 100% money. | |||
By the way, stamp scrip with a fee is 100% money as it is debt free. So once again these solutions are complementary and additive. Also most importantly they are real money, not funny money as you can pay your taxes with them because they involve social-public partnerships." | |||
Revision as of 13:34, 9 January 2015
How to respond rapidly to an economic crisis ?
The idea of this working page is to collect the key initiatives to be taken but also to point to key people who could advise on how to set these policies concretely in motion in a time of crisis.
People
Monetary Issues
- Pat Conaty: " adding James Robertson and Joseph Huber as experts on 100% money would be important."
Policies
Monetary Transition
- Pat Conaty: "I have suggested three practical ideas on this list for your consideration: 100% money, emergency currency via patacones/stamp scrip (local authority fee based money) and public banking. These three solutions are not either or but both and."
- "The beauty of the James Robertson proposal in my short review as he provides the figure work and maths involved to show how a new government can indeed switch existing money supply that is 97% in most countries debt and only 3% coins and notes, to 100% fiat currency, debt can be cancelled by just swapping debt free money for debt money. This is why the solution developed in the 1920s was called 100% money or positive money also today.
But as you will read in the article, debt can be retired this way and bankers lose rights in future to create money by just making loans. This works for the UK as it has the pound but if Greece leaves the Eurozone and returns to the drachma it should be on a 100% money basis.
A country like Greece could pursue this. Creditors get paid so it is peaceful solution. So worth checking out the James Robertson book George as you asked me for another reference beyond Ellen Brown. He developed this model with Joseph Huber in Germany. So an anglo-german partnership here and a sound one for how to update 100% money.
By the way, stamp scrip with a fee is 100% money as it is debt free. So once again these solutions are complementary and additive. Also most importantly they are real money, not funny money as you can pay your taxes with them because they involve social-public partnerships."