Simple Barter vs Money Power: Expand of Exchange – E. C.

Riegel

Money (Credit) Expand of Exchange

vs ...
Buyer Seller
(Issuer) Money Power
Value

• The purpose of money is to split barter into two parts so that the seller is
free to find his source of supply later and elsewhere.

• Ironically, it was the smiths who had created money by trickery and thus
expanded exchange to the benefit of everybody.

Advent of ghost named “Value” and false premise that government must issue, control and manage money and prices

• Unable to visualize money as an accounting concept, people cling to the

Money (Credit) Money (Debt) material concept (fetish of gold) which lead them to create the ‘ghost of
value’.
Perversion
“value” • Money can be issued only in the act of buying, and can be backed only in the
Buyer Seller Seller Buyer act of selling. Any buyer who is also a seller is qualified to be a money issuer.
Issuer/Debtor Creditor Issuer/Creditor
Interest
Debtor Government, because it is not and should not be a seller, is not qualified to
be a money issuer.
Wealth/Commodity
• Our mass production power must be balanced by our individual buying
power and our buying power is dependent upon our individual money-
creating power. Money cannot meet modern needs by descending to the
Private Money System people; it must rise from them. Until this is comprehended mass production
Political Money System
must continue to miscarry. We, as consumers, must literally make money or
Accounting concept Material concept be stymied. Government cannot assume this responsibility for us. Every
individual producer must exert the right and assume the duty of creating
Fetish of value in money money, if there be need therefore, to buy the value of his own production.
Perversion of Money Power (“Epoch-making Discovery ” by Silvio Gesell)

Sacred Foundation of Economic Life vs Mutual Plundering Foundation of Economic Life

to give as little as possible and to receive as much as possible

Token of Gratitude (Promise to Pay):

Purchasing Power Bank
(Issuer/Creditor)

Interest
Banknote

Gift
Receiver Giver
(Issuer/Debtor) (Creditor)
Buyer Goods & Services Seller
I will do the same when I meet I have enough, so I can (Debtor)
someone who need something give it up happily for those Even though I have enough, I
that I have enough. who need it. I can get more than I pay, if I can get back more than I have
can exploit others’ needs or if I can exploit others’ needs or
their embarrassment. their embarrassment.

State Banknote Capital

(Central Bank) (3)

Perversion
Issuer/Debtor (1) “value”
Creditor
(covered by something valuables)
(2) (2)
Why is it that a whole barter transaction needs no Creditor Debtor
license, while a half barter transaction requires it?

Since all money is fountain-pen-fiat money, the only question (3) interest
we have to decide is whether its issuance shall continue to be
the special privilege of a few or the right of all. By such
decision we determine the fate of humanity.
“Restoration of Money Power” by using DLT

Primitive Political Money System Digitized

Private Money System Material concept Private Money System
Accounting concept Accounting concept

Moneyless Distributed Ledger

Token of Gratitude (Credit) Money (Debt)
Perversion Restoration (Credit-Debit)

Fiat token “value”

Receiver Giver Seller Interest Buyer Buyer Seller

Buyer Seller Issuer/Creditor Debtor Issuer/Debtor Creditor
(Issuer/Debtor)
Gift Wealth/Commodity

Scarcity Abundance
More for me is less for you More for me is also more for you
Looting/Leaking System Caring/Circulating System
Money power in hands of privileged a few Money power in hands of all
Slavery Freedom

System that violate Life System that aligns with Life

since man cannot be sovereign without the

money power, there can not be democracy
under the political money system. – E. C. Riegel
Otherwise…..

Primitive Political Money System Consolidated

Private Money System Political Money System
Material concept
Accounting concept Material concept

Token of Gratitude (Credit)

Perversion
Money (Debt) CBDC (Debt)
Consolidation

Fiat token “value” “value”

Receiver Giver Seller Interest Buyer Seller Interest Buyer

Buyer Seller Issuer/Creditor Debtor Issuer/Creditor Debtor
(Issuer/Debtor)
Gift

Scarcity
More for me is less for you
Looting/Leaking System
Money power in hands of privileged a few
Slavery

System that violate Life