What
is money? The answer is simple. It's anything two or more people agree
to accept as payment for goods and services.
"The most important lesson, however, is that a
depressed community in an apparently hopeless situation found a way of
ending the seemingly insoluble problems of unemployment, local decline
and lack of a reliable tax base, symbiotically through the use of
community-owned currency.
The prime candidate for the cause of community and regional decline is
the centralized banking and money system. By definition, 'national'
money is political." Quoted from the article.
Discussion thread on the
need for alternative currency
From PeakOil.com
In December 2004 a
moderator at PeakOil.com started a discussion on whether or not our
current monetary system was compatible with a future world where
sustainability eclipses growth as the priority. The thread was titled Is a
debt-based monetary system compatible with oil depletion? The moderator, Montequest, began with these words:
"Houston, we have a problem." The world's
present industrial civilization is saddled with a dilemma:
how can a debt-based monetary system based
upon infinite growth in a finite world deal with resource depletion?
Quote me and answer that question with your reply.
On another thread, nero wrote: "The belief that the current monetary
system is incompatible with a declining energy resource is not an
essential component of the peak oil thesis." It's not? I care to
differ. It's part and parcel. The
steady
state economy into which we are being inexorably forced by oil
and other fossil fuel depletion means the end of the current money
system."
Read this illuminating discussion on the world's desperate need for a new currency
system.
"Hubbert thus believed that society, if it is to
avoid chaos during the energy decline, must give up its antiquated,
debt-and-interest-based monetary system and adopt a system of accounts
based on matter-energy--an inherently ecological system that would
acknowledge the finite nature of essential resources." Richard Heinberg
in The Party's Over
