The following is extremely conceptually dense.

Read every word carefully as the following are my conclusions made over the past five years. Three presumptions keep people trapped in the existing paradigm. The first presumption is that money is a *thing* and the second presumption is that money is a natural monopoly. The *thing* that fills and qualifies in most people's mind as "money" is generally a precious metal - most probably gold or silver or some combination of both. The third presumption is that government should issue and control the monetary system. It is my conclusion after much study that the banking (money) system should be an agency where all people who can create value are actually the creators of the money (symbols) by which the value is exchanged in proxy. Here's the sword that will cut the Gordian Knot! Money is an act of communication via symbols and contracts that allow people to exchange real things by proxy. Get some Chinese Red paint and a two inch paintbrush and paint that sentence on an open wall so you get to read it every day until it becomes obviously true. Because once you see that money is a communication, it quickly becomes obvious that it is NOT a natural monopoly; it becomes obvious that if you can walk and chew gum you can become the originator of any monetary communication; and that the only question open to discussion then becomes: "How do we determine whether this monetary communication is true and not counterfeit?" Which opens the discussion of banking as agency to value producers with responsibility as to specific performance of contract and insurance functions of banking as agency. You see, money as a communication can be graded into various grades of quality. Understand that, and you understand why precious metal coins were used. Counterfeiting is lying with money symbols. It is difficult to lie with a gold or silver coin. Bonded communications as a monetary format. If one guy tells another guy that they could exchange labor, in my communication theory of money - a monetary contract has been created. If one guy needs the direct help but the other guy doesn't need the direct return of labor and says "I owe Bob Jones a couple days of labor from two months ago could you return my help (to you) to Bob Jones on my behalf?" Now you see an exchangeable communication has been created.

To this point all the monetary communication has been recorded on thin air. If this exchange is recorded to paper and signed by the parties, the record is more clear and enforceable under the uniform commercial code. If the parties asked a third party to hold the contract as escrow agent, then that escrow agent is doing a banker's job. If the word of one of the parties is held in some doubt, he could deposit something of value to be held pending full execution of the contract. Now we have a bonded communication - and historically that bond was a deposit of gold coin. If one of the parties is a known liar, he could ask the bank to co-sign the obligation contract. This is a service the bank could legitimately charge a fee for as it is an insurance function. This is the SWORD: That the uniform commercial code is your friend once you accept that money is an act of communication and the banker is forced into an agency relationship to value producers where the banker provides for bonding of the communication, insurance of contracts, and co-signing relationships. I recommend reading Antal Fekete on the Real Bills Doctrine but add this concept: that the true bills are the money while a small quantity of gold sits in reserve providing for settlement in case of dispute or other failure of contract. Any LETS system could adopt my concepts and I have offered them free, but they do not yet seem receptive to adopting more rigor into their system. The little child learning to wave bye-bye at departing friends is learning to communicate symbolically - you are an adult and can also learn that money is a communication. Links for further study: (Stephen DeMeulenaere) (the two Dr Popp books are here; click on "library") Altruists - download by topic: Money: American Monetary Institute Andrew Lowd Hours

Archives of ECON-LETS@JISCMAIL.AC.UK Asses in Clover: / Bankruptcy America Bastiat, Economic Harmonies Barry Boswell, Paper Money Bob Blain, Ph.D. Professor of Sociology, on Cooperation, Money, and Wealth Books On-line: Call Numbers Starting With HB-HJ (I was looking for Hayek) British Ass'n MoneyReform Bromsgrove Belief Carl Menger Cash Cards International Carol Brouillet CESJ site map CH Douglas 1934 Introduction to Social Credit -- Economics Bryan W. Monahan Whole World in Debt Chains -- C. H.DOuglas m

Social Credit websites: C.H. Douglas: Pioneer of Monetary Reform Richard C. Cook About Clifford Hugh Douglas, the genius who discovered Social Credit. Louis Even Thoughts of Douglas The Use of Social Credit Is an International Financial Conspiracy Driving World Events? Richard C. Cook Hear C. H. Douglas (1934) on "The Causes of War" Credit as a Public Utility: the Key to Monetary Reform Richard C. Cook A Post-Impeachment Vision of the Future Bob Bowman The Ledger that Rules the World Louis Even Restore to the people the control of their own wealth. Louis Even Breakdown of the Employment System C.H. Douglas A civilization of men financially free. Louis Even Full stores, empty wallets in Madagascar!. M. Lefebvre Social Credit puts money in its proper place. Louis Even Financial Meltdown: U.S. Treasury Regulatory Reform Proposals: Hapless, Helpless, Hopeless Richard C. Cook

Social Credit, for a healthy economy. Louis Even Extraordinary Times, Intentional Collapse, and Takedown of the U.S.A. Richard C. Cook Is an International Financial Conspiracy Driving World Events? Richard C. Cook Social Credit: not Socialism, not a political party. A. Pilote Our economic liberation through Social Credit. Louis Even Social Credit, a scientific technique of finance. Gilberte Côté-Mercier Poverty in America Richard C. Cook A brief outline of Social Credit. Vic Bridger “Market Fundamentalism” and the Tyranny of Money The Morality of Economics: The Key Issue of the Twenty-First Century Richard C. Cook Clifford Hugh Douglas - Social Credit(1924) / Committee on Monetary and Economic Reform Commodity Futures Commodity Research Creditary Economics

Debt Money, ancient meme Decentralization List DJIA Weekly Dr Erhard Glotzl (demurrage) e-gold Directory 321 Gold Econ-Lets archives Gang 8 Electronz Fed Money Supply Data Federal Reserve Bank of Atlanta Working Papers Index Federal. Reserve Accountability Flaherty, Edward Frederic Bastiat Freebanking

Friendly Favors FRN illegal Minn (link missing) GATA Gesell Gold Eagle top Analysts Gold improperly counted: Goodhart on Cartalism df Hans Eisenkolb (Eisenkolb is 80 years old and the link is now dead, but may be found using the way back machine) Hayek, Life and Times Hindu Newspaper index (just change the year number for other years) Hours Blain of Illinois Hummel, Money - What it is and How it Works Identity Commons LETS Linkup USA IJCCR England cc research Indymedia RockyMt

J. Orlin Grabbe JW Smith books: The following JW Smith books may be read free online: 1. 2. 3. 4. Money, a Mirror Image of the [physical] Economy: Economic Democracy: Cooperative Capitalism: JW Smith on Why the 911 attack:

Kitco Live Gold Library by Author Links to Money Reform Linton Open Money Lietaer’s earlier Terra model Local Currency System Growing Mammon vs Money Michael Journal & Salvation Island (Two Versions)(1) (2) Modern Money Mechanics: and here: Moneta (Auriti) Money File$ Money Museum Mutual Credit (Proudhon of France first advocated mutual credit; Greco is now writing about credit clearing locally) NESARA (Founder and writer of this proposal Dr Barnard, has died) New Approach to Freedom (Riegel) New Economics Foundation Norwegian Banking Scam Page Perfect Economy Poet Piet (Pain in the eyes due to font color changes) s.htm Printing Money for the Fed Reinventing Money Role of Money on Internet Roy Davies Scotland Alternative Slave Revolt Social Credit, Major Clifford Douglas Social Credit - the book A library of social credit related material: Buy the books:

Stephen DeMeulenaere Material Subsidiarity as a Rule and a Principle Third Way Third Way COG Thomas Edison & Henry Ford - Muscle Shoals: Third Way Kelso Three Steps to Economic Freedom Tom Schauf (book on banking - difficult to find) Transaction Net Unsustainable Venture Collective (in media) Walter Plinge Local and Interest-Free Currencies, Social Credit and Informal Credit Systems Lets Link UK Mind Trek Naked Emperor Econs (debunking mainstream economics) Post-Autistic Net

Prof Auriti Article Prof Auriti's Ownership of Money and the Induction of Value Discussion of Auriti's Piece on the GIM site: Ratical on CC ratitor's corner: march equinox 1999, "Expanding the Song of Life" Resources for Community Currency Activists Richard K Moore Riegel Private Money Ronald Coase Salt Spring Salvation Island SANE of South Africa School of Cooperative Individualism (link missing) Schools of Thought Systemics Ian Grigg / The Toronto Dollar Thirst for Justice - English Tragedy of Commons Turmel Analysis of Quigley's "Tragedy And Hope" Turmel Lets Turnbull on money WAT-System World Bank Site Map (click on site map link at top) Yamaguchy: Zarlenga Time Money Maine Time Dollar Net Time Dollar Accounting Systems General Ledger Dialtone (no longer a valid link as of May 2008, but a search for this topic + Todd Boyle will get lots of hits) Timekeeper for Time Dollar Worcester Community Currency Accounting Services, LETSystem, LETS Bondage is Good "Look, you bond them at birth, then teach them how to think of the bond as a good thing... and then when they turn 18, the bond also matures and the new security is calculated in the GNP... that's what we call prime stock in the suppositional wagering scheme and fractional reserve banking game.

You should get on it, its a good train." all wrapped up with a pretty little ribbon i would say.