Monetary system - Revision history

Anarchangel: cats

2012-06-29T08:08:38Z

cats

Elpez: monetary system moved to Monetary system

2010-07-08T00:10:44Z

monetary system moved to Monetary system

Maly krtek: Reverted edits by Hieronymous Rex (Talk) to last version by AlterBot

2009-04-24T09:13:25Z

Reverted edits by Hieronymous Rex (Talk) to last version by AlterBot

Hieronymous Rex at 21:27, 22 April 2009

2009-04-22T21:27:35Z

AlterBot: robot Adding: de:Geld, nl:geld

2008-10-05T20:38:57Z

robot Adding: de:Geld, nl:geld

Beta M: {{Capitalist POV}}

2008-01-31T15:11:04Z

Pierre: /* Today's reality */

2008-01-21T00:11:20Z

‎Today's reality

82.238.29.148: Gallaxy => Galaxy. + Corrected a conceptual error

2008-01-20T23:03:41Z

Gallaxy => Galaxy. + Corrected a conceptual error

Pierre: money tax presentation (new page) link

2008-01-13T02:17:44Z

money tax presentation (new page) link

Pierre: created link to new page

2008-01-13T02:14:08Z

created link to new page

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 * [[MoneyTaxPresention]]
-[[Category:Economics]]
+[[Category:Economics]][[Category:Economic systems]][[Category:Monetary system]]
 [[de:Geld]]
 [[nl:geld]]

← Older revision		Revision as of 09:13, 24 April 2009
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	[[Image:100 kyrgyzstan notes.jpeg\|thumb\|right\|Banknotes of [[Kyrgyzstan]]]]		[[Image:100 kyrgyzstan notes.jpeg\|thumb\|right\|Banknotes of [[Kyrgyzstan]]]]

← Older revision		Revision as of 21:27, 22 April 2009
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	[[Image:100 kyrgyzstan notes.jpeg\|thumb\|right\|Banknotes of [[Kyrgyzstan]]]]		[[Image:100 kyrgyzstan notes.jpeg\|thumb\|right\|Banknotes of [[Kyrgyzstan]]]]

← Older revision		Revision as of 20:38, 5 October 2008
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	[[Category:Economics]]		[[Category:Economics]]
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		+	[[de:Geld]]
		+	[[nl:geld]]

← Older revision		Revision as of 15:11, 31 January 2008
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	[[Image:100 kyrgyzstan notes.jpeg\|thumb\|right\|Banknotes of [[Kyrgyzstan]]]]		[[Image:100 kyrgyzstan notes.jpeg\|thumb\|right\|Banknotes of [[Kyrgyzstan]]]]

← Older revision	Revision as of 00:10, 8 July 2010
(No difference)

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 Under [[dollar hegemony]], the [[United States]] [[Federal Reserve]] effectively sets the value of all money in the world relative to oil, since only dollars can buy oil - ''this is changing, see [[Iran Oil Bourse]].''  This situation has persisted since 1970 when the US violated the [[Bretton Woods]] agreement that forced the US to [[redeem currency in gold]].  The institutions set up under that agreement (the [[IMF]], [[BIS]] and [[World Bank]]) all persisted but with new agendas controlled by the US government.  Collectively, these institutions decide which countries go bankrupt!  A new institution, the [[WTO]], was added to limit the power of rival [[trade bloc]]s and ensure that there was a means to punish countries which wished to limit access to their resources or market.
-http://mfm5.250free.com/MFM_TD1.png
+[[{{ns:6}}:MFM_TD1.pngâ€Ž|Debt vs Money]]
 [[http://mfm5.250free.com/MFM_TD1.fig |editable xfig format]]
 Note that debt is always much greater than circulating money PLUS time deposits combined ! Here is why D/M > 1 : http://mfm5.250free.com/Debt_Money_ratio.xls

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 http://mfm5.250free.com/MFM_TD1.png
-[[http://mfm5.250free.com/MFM_TD1.fig|editable xfig format]]
+[[http://mfm5.250free.com/MFM_TD1.fig |editable xfig format]]
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 ==History==
-In a [[barter system]] people exchange thing on the basis of the worth of the particular product to each party.  However, as the deskilling of the population began to take hold some people began to make only one set of products, this proved to be not very productive, since if you are making [[airplane]]s, you won't be able to exchange them for [[bread]], since nobody would grow enough to pay you. Therefore, some communities began to use some commodity that most everybody used (some used [[gold]], some [[salt]] (hence the word [[salary]]), in [[Hitchhikers Guide to the Gallaxy]] a community used [[leaf|leaves]]).
+In a [[barter system]] people exchange thing on the basis of the worth of the particular product to each party.  However, as the deskilling of the population began to take hold some people began to make only one set of products, this proved to be not very productive, since if you are making [[airplane]]s, you won't be able to exchange them for [[bread]], since nobody would grow enough to pay you. Therefore, some communities began to use some commodity that most everybody used (some used [[gold]], some [[salt]] (hence the word [[salary]]), in [[Hitchhikers Guide to the Galaxy]] a community used [[leaf|leaves]]).
-Then when [[bank]]s began to open up people would receive a note from the bank stating that they could redeem a certain amount of currency from that bank, and some communities began using those notes. Soon bankers have realised that most notes will never be redeemed, and they have began publishing notes without having the currency to back those notes up.  Today's monetary system is based on trusting banks to loan only to those who will generate more money, and pulling back other loans from those who fail to do so.  If the [[money supply]] is always expanding, then, this will result in roughly as many losers as winners.  When the money supply is not expanding, however, it results in what is commonly called a [[depression]] or [[recession]].<!--  This condition is considered to be absolutely artificial by most [[economist]]s, created only by the refusal to use the powers of a '''central bank''' to issue new currency and back up selected loans or institutions. -->
+Then when [[bank]]s began to open up people would receive a note from the bank stating that they could redeem a certain amount of currency from that bank, and some communities began using those notes. Soon bankers have realised that most notes will never be redeemed, and they have began publishing notes without having the currency to back those notes up.  Today's monetary system is based on trusting banks to loan only to those who will generate more money, and pulling back other loans from those who fail to do so. Even if the [[money supply]] does not expand (and no inflation, like with the EUR) the debt is huge, and impossible to pay off. Those who cannot create money lose out. The whole economy pays a crazy fee to banks for interest on debt, appr 20% of the GNP (above what banks pay on money on savings account).
 ==Alternatives==

@@ Line 11: / Line 11: @@
 Under [[dollar hegemony]], the [[United States]] [[Federal Reserve]] effectively sets the value of all money in the world relative to oil, since only dollars can buy oil - ''this is changing, see [[Iran Oil Bourse]].''  This situation has persisted since 1970 when the US violated the [[Bretton Woods]] agreement that forced the US to [[redeem currency in gold]].  The institutions set up under that agreement (the [[IMF]], [[BIS]] and [[World Bank]]) all persisted but with new agendas controlled by the US government.  Collectively, these institutions decide which countries go bankrupt!  A new institution, the [[WTO]], was added to limit the power of rival [[trade bloc]]s and ensure that there was a means to punish countries which wished to limit access to their resources or market.
-http://mfm5.250free.com/MFM_TD1.png
+[[Image:http://mfm5.250free.com/MFM_TD1.png|Monetary Fraud Model]]
 [[http://mfm5.250free.com/MFM_TD1.fig|editable xfig format]]
@@ Line 54: / Line 54: @@
 * [[Simultaneous Policy for Public Awareness]]
 * [[http://www.gv2000.com/forums/showthread.php?tid=557 |THE MONEY MASTERS DVD]]
-* [[http://www.moneyasdebt.net/|Money as Debt]]
+* [[http://www.moneyasdebt.net |Money as Debt]]
 [[Category:Economics]]