Complementary Currencies: An attack on the banking Empire

This is quite facinasting. You can use two currencies to bolster your economy. It's all in the article.

"How are Complementary Currencies different from Conventional Money? All contemporary national currencies are bank-debt created fiat currency. That means there is no commodity backing. Additionally, all conventional money is created through the fractional banking system, and as a consequence is debt-based. Finally, since the dollar-gold equivalence standard was repealed in 1971, there is no international standard of value anymore.

Complementary currencies in contrast, are created for different purposes, and consequently have very different rules for their creation and their operation. Frequent Flyer miles is an example of a commercial complementary currency. Many others are designed with a social purpose. However, for the most part, complementary currencies are still operating below the radar of officialdom and the media. Some examples are:"

So... like, William could attach ATS points to your income and create a complementary currency system.

www.futureofmoneysummit.com...

Originally posted by ktprktpr
So... like, William could attach ATS points to your income and create a complementary currency system.

ktprktpr, having all your ATS points you can start your private ATS-Bank and even create �Abovetopsecret Reserve� and we will have the very same problems soon.

Seriously, most important alternative currency operator, not at least officially affiliated with any corporation is NORFED.

The Liberty Dollar
America's inflation-proof currency
100% backed and redeemable in gold & silver
New! Easily convertible to and from U.S. Dollars

It's real money, better than Federal Reserve Notes! Just as FedEx brought competition to and improved the U.S. Postal Service, NORFED brings competition to America's most basic economic unit, its currency.

NORFED, a national non-profit organization, offers a simple, fun, and legal solution to the problem of the Federal Reserve's inflationary currency: Just stop using their money and start using The Liberty Dollar. Help return America to value, one dollar at a time.

NORFED

Second - CITIZENS-MULTI-NATIONAL � child of Hank Monrobey, still in infancy, starting first real project in Netherlands

After many years of research, the Citizens-Multi-National is developing a network of local community organizations, operating on a worldwide scale, where consumer and business members are protected against the negative effects of inflation, recessions, unemployment, financial fraud and the oppression of multinational corporations, exploiting the world�s vital resources exclusively for their own financial interest.

CMN

Kronos- That's incredible. If i had any money I would convert part of it to the liberty dollar. The only concern I have is this: How do they secure their gold? If the economy collaspes I'm sure they'll have some debts, which must be paid through their reserves. It leads me to question the strength of the liberty dollar.

Of course, if that situation happened the US dollar wouldn't be worth much either.

I wonder how it could be used internationally. There isn't an agreement to exchange with NORFED so if the US went down how would you use your money over seas?

Oh yeah, Dragonrider and MaskedAvatar own like 20% of all the points in current distribution, so they should set up a fait debt based system...

edit- for those that don't understand whats wrong with the money we use today, this faq explains it quite nicely:

www.libertydollar.org...

[Edited on 21-10-2003 by ktprktpr]

ktprktpr

I was talking only yesterday of black markets and junk bond markets.

If dragonrider has retired (which is a possible assumption, based on his absence and bizarre mood meter gravitation in his absence) then it behooves me to make some fiscally responsible recommendations for the stability of the ATS points currency (ATSER's, in the Collaborative Fiction project The Quest):

1. Post only Chit Chat until further notice.

2. Do not discuss 9/11.

3. Do not discuss the Yellowstone supercaldera.

4. The official ATS Reserve euphemism for Quietly Spoken Nocturnal Harbingers Of Doom is QSNHOD.

5. Invest in infrastructure, including email accounts.

6. Do not go out and buy a new dress this week.

7. If you must get married, then do it in the "Marry Your Pet" thread and not in the "ATS Marriages" thread. Infrastructural investment at the firm level is more important than population expansion at this precise moment in time.

The above advice is sound.

Originally posted by ktprktpr
(...)Oh yeah, Dragonrider and MaskedAvatar own like 20% of all the points in current distribution, so they should set up a fait debt based system...

(...)

Don�t worry. Your bank will suck-in ALL the points actually in circulation. Members will have only good looking ATS credit cards (cost 1000 points monthly for services and operations, ATS email account for free, gold membership 3000 monthly � RATS for free). Just read agreement with your bank and follow carefully.

The only problem with NORFED is that their currency is related to �real� value of silver and gold. This value may drop down one day because of scientific progress or releasing huge, secret gold/silver reserve by someone. And owner of that potential secret reserve may take over control over NORFED capital. Such reserves exist for sure. Today�s real values are no longer that stable like in the past. Single significant technology or product (energy, transportation) may change the values relations in seconds.

CMN � not yet completely developed is less fragile to �basic values system� as is completely dynamic and permanently correlated with market development, real dynamic values of naturally growing economy. Biggest problem - is much more difficult to introduce CMN as a parallel system but in case of total collapse of all financial structures it is ONLY known by me idea which can be introduced in place.

Just a footnote to my above post:

1. I was posting it, while at the same time, Nerdling was posting dragonrider's farewell.

2. I commented (in replying) that I didn't like when my inductive reasoning is regularly synchronous with real world events, meaning that people look at me sideways when I say something non-obvious to most is about to happen then it does, 20 times or more per day. People who know me here know I don't see it as a blessing, yet.

3. Nerdling's post was Trashed before my reply reached that thread. I did have a chance to skim it though.

Later, dragonrider!

Or Phoenix, or nine-lived catdragon!