Originally Posted By: kallog
First of all we'd better clarify that this is an athiest concept and you can't claim any more connection between it and your GOD idea than I can with my nature idea....
Then you, kallog, ask:
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1.What does it matter if somebody lives inside or outside the community?
IMO, It doesn't! What matters is that people are within trading distance.
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2.Are some people more deserving than others?
We all deserve to have a system with honest weights and measures and a level playing field. This is far from true in the present monetary system in which the ones who have the "gold" make the rules
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3.Interest free money?
Our current financial system is run more like a gambling casino than a legitimate business. The cost for operating an honest money system would come from fixed fees and dividends earned when all involved--investors, management and labour--create new wealth
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4. Where does this break down?
Do families that are made up of people who are healthy--physically, mentally and spiritually (lovingly supportive of one another)--break down?
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5.Can the 'community' be a whole country?
The name 'Canada' comes from the Algonquin word 'kanata' meaning "my community". You are on the right track. Globally speaking, a Canadian dollar is simply a currency local to Canada. Another reason why having a currency local to Toronto, or any other community, is a good idea.
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6.Can everyody just borrow money without interest?
The great religions, the prophets and the philosophers all agree: The paying a fee for the time factor involved in the circulation of money is THE BIG FLAW. It puts all the risk on the borrowers and makes them vulnerable to being cheated. Lenders as well as borrowers must share the risk involved. This is what makes the whole process a moral issue.
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7.At what level do the nice promises break down and it just stops working?
DON'T TELL ME that you think that the flawed system we now have is working! Where have you been, asleep? Have you not heard of booms and busts? Have you forgotten 2008 already? And do I need to remind you of Wall Street, Goldman Sachs, the numerous Madoffs and other spinners of financial scams that even NOW, as I write this, are crippling many who assume they will never be the victims of derivatives, toxic mortgages and the like?

BTW, thanks for the easy question. smile laugh
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But you stated some very bold promises. If it could work in its current form, on a usefully large scale, then it would have done so already.

Not just a few hundred businesses in one town, but it would have become the defacto standard way of trading all over the world.
My vision? When the have-nots eventually wake up and overcome the resistance of the status quo who profit from the present system, this system, which is one that, without undue risk, can easily be tested, will be adopted.


Last edited by Revlgking; 04/04/11 05:49 AM. Reason: Always good to do

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