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Earth has no scarcity of resources. Our current resources may be finite and limited, but more than enough to give all 7 billion of us a decent life. 8 Billion people can be fed with more efficient use of current food production

 It is possible to have global abundance of resources right now.  Every human being the world over could be fed, housed, have access to health care and education.  Flowing from this would be a dramatic decrease in crimeand mental illness.  

Money is the reason we have scarcity.  Since money is merely debt, it is impossible for humanity to be free as long as money exists.  

We are distrustful of each other and we must be distrustful.  Money breeds deceit, greed, and selfish behavior.  Our governmental institutions cannot be trusted.  We know this.  We've witnessed a corrupt political process play out daily throughout the two year (possibly longer) election cycle we've just escaped.

In 1992, the total outside election spending was $19,635,123.  In 2012, the total outside election spending was $1,064,272,846.  

We fight a bitter, inch by inch war against the Republicans on this site.  We fight for Social Security, Medicare, Education....We fight to Protect Labor, Equal Pay for Women and Minorities...it is an all out war and something akin to sport.  

All of that energy and all the good members of this site achieve is doomed to fall short of the desired goal.  The truth is there is no magic candidate that can come along to save the day.  There are no laws, regulations, or constitutional amendments that will bring about an egalitarian society.  

I propose a solution.  Below the fold.  

Had the 99% movement succeeded many wondered what we would if we had won.  

I spoke with a man that proposed we cap the amount of money a citizen could spend an idea I heard from Every Man a King speech by Huey Long in the 1930's.  

I've had brutal debates with republican's opposed to raising the federal income tax by 3% on the wealthiest American's, and this current debate is obfuscating the real solution.

We are stuck in a forest observing the leaves and branches.  Redistribution by taxation is not the solution;  eliminating money altogether is the means to truly achieve our objectives.  

A brief summary of our monetary policy:

The U.S. Government issues bonds and requests money from the Federal Reserve.  They then deposit this money (Federal Reserve Notes) into banks.  The banks (in a practice called "fractional reserve banking") then loan out up to a 10:1 ration of the money deposited.  As long as they keep 10% in reserve, they just create money out of thin air.  

This is what the 99% movement was fighting against:  A Ponzi Scheme, the greatest scam ever perpetrated on humankind.  A Ponzi Scheme which not only relegates the mass of humanity into wage slaves, but ultimately destroy our environment and render the planet uninhabitable for complex life-forms.  

In the movie, "Zeitgeist Addendum" a man named Jacque Fresco proposed a resource-based economy.  We have the technology to organize global resources in a way that could minimize waste and maximize efficiency.

Money is a hindrance to technological advance not an aid.  We all experience it with our electronic devices.  Planned obsolescence.  The scrapping of electric cars.   The myths regarding wind, solar, wave, geothermal energy.  

We were promised with increased efficiency and goods a 15 hour workweek.  Impossible in our current monetary system.  In fact, 80% of all jobs currently held by Americans can be replaced through automation tomorrow.  

We bemoan the fact that automation leads to the loss of jobs instead of celebrating the fact.  Because, with automation comes unemployment and a struggle to live.  Instead, it should lead to decreased labor for everyone.  

It is time for a change.  Let's think Big.  Let's, as Barack Obama said, be the one's We are waiting for.  

I call for the end of banking.  The end of money.  A new beginning for the world.  

This may seem fanciful today.  So many things which seemed impossible yesterday are possible today. There is a better way to form a more perfect union.  

Let's not wait until the collapse of our financial system, riots, military oppression, etc. to call out for change.  Not trillion dollar coin will save us from an inherent flaw in our economic system.  

No more debt.  No more poverty.  The almost cruel thing about it we've had the ability all along but have been prisoners of our own culture, and our own limited perspective.  

This is a new age.  Our age.  Let's change the world.  


Originally posted to michlawa2 on Sun Jan 20, 2013 at 10:03 AM PST.

Also republished by Changing the Scrip and Street Prophets .

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Comment Preferences

  •  money is over (2+ / 0-)
    Recommended by:
    michlawa2, linkage

    There is now five times as much debt in the world as there is money. There is no climbing out of a pit like that.

    I wish the platinum coin had manifested, because it would have demonstrated to people just how much money is an illusion. The president would have had a single coin minted, and then said: "Look what I made! It's a little bit of platinum, and it's worth a trillion dollars! Because I say so! Isn't that neat? I put it in the treasury, and now there is no debt-ceiling problem! How cool is that?! It's like magic! Next week, maybe I'll make a quadzillion-dollar coin! Come watch!"

    Money hasn't been around all that long, having been invented by the Lydians in the 7th Century BCE. People got along perfectly fine without it. And they'll get along perfectly fine when it's gone. Recalling that until predatory colonial Europeans rampaged all over the planet, many peoples did not concern themselves with money at all.

    Money is nothing but a group agreement. Everyone agrees that the pieces of paper are worth a certain amount, and so they are. Without the group agreement, the pieces of paper are worth nothing at all.

    What most of the precious-metals people don't get is that it's the same with their little nuggets of gold and silver and the like. These things too are "worth" something only because people agree to it.

    If tomorrow the group agreement was that toothpicks were the be-all and end-all of value, they would be. And gold would be no more valued than it was among—to give but one of many examples—the native peoples of what is today Maricopa County, Arizona, who scorned gold as useless junk.

    What will happen consists of three things:

    (1) Worldwide debt jubilee. Nothing is owed to anybody.

    (2) All world currencies shall be obviated. Stripped of worth. Replaced by a single world currency.

    (3) Said world currency shall then be evenly distributed, in the exact same amount, to every man, woman, and child on the planet.

    Already happened.

  •  Money is a measuring tool like an inch or a (3+ / 0-)
    Recommended by:
    whoknu, linkage, la motocycliste

    centimeter. Getting rid of the measure or even a record of our debts to each other (a certified IOU) is not a realistic proposal. It would be like arguing if your waist is to thin or too fat that we should get rid of the measuring tape.
    Even if a measuring tape were being inappropriately used or abused to strangle someone, the solution is not to banish measuring tapes from the earth.
    Some humans do not like their own kind. The most cowardly of those use a variety of tools to injure and kill. Taking some tools away won't change the behavior. However, making tools that are designed just for the purpose of killing humans ought to be interdicted.

    Besides, money is not speech, but it is a tool for imparting information. In that, it is perhaps most like the script we use to compose the spoken word into images that can be read.
    There was a time when reading and writing skills were restricted to scribes and ordinary folk had to rely on wise men and priests to tell them what's up. I don't think we want to go back to that. It's bad enough that 30% of our adult population is funtionally illiterate. This likely accounts for why they are so easily fleeced.

    We organize governments to deliver services and prevent abuse.

    by hannah on Sun Jan 20, 2013 at 10:55:00 AM PST

    •  Money isn't a measuring tool or resources (1+ / 0-)
      Recommended by:
      linkage

      But of debt.

      It is out-dated and has been for quite a while now. We can organize our society without manufacturing scarcity, power, and forced labor.

      As in the diary, money is created out of thin air by fiat. Since it does not measure resources it is not a tool, only insofar as it records debt obligations.

      Even then it is a poor tool due to inflation and variations of value (mainly due to the money supply but including other factors).

  •  P.S. (1+ / 0-)
    Recommended by:
    linkage

    The alternative to debt is theft. Theft is the mode of the predator. Social creatures share and exchange what they have. Money helps us keep track.

    We organize governments to deliver services and prevent abuse.

    by hannah on Sun Jan 20, 2013 at 10:56:50 AM PST

  •  the trillion dollar coin (1+ / 0-)
    Recommended by:
    linkage

    was never about the money, it was about changing the mind set that we are limited by money. We are not.

    Loyalty to petrified opinion never yet broke a chain or freed a human soul in this world--and never will. Mark Twain

    by whoknu on Sun Jan 20, 2013 at 11:34:58 AM PST

  •  I am rather skeptical that we can do away with (1+ / 0-)
    Recommended by:
    linkage

    money, although I do think we can change our societal and cultural relationship to is (which is currently a very dysfunctional relationship).

    I see two evolutionary forces in play that created what we have now. I do not see how that can be eliminated since these aspects are found across species. They are: Territorial and fairness.

    Because humans feel territorial, people need something to feel ownership over. Money has become a venue to do so, to the detriment of others. We can change what it "territory" and we can teach people to take control over their urges to be territorial so that it manifests in healthier ways. It cannot be done overnight, rather it is more possible to shift over generations because cultural forces are so great. (Not too unlike recognizing rights for LBGT(and all). Progress is being made, but there's a ways to go yet. Heck, we're still battling issues of skin color.)

    Fairness is that sense of everyone getting a fair shake, even if isn't, just that all feel like it is. Eliminating money will actually increase the importance of a sense of fairness (regardless if it really is fair) because money has been a measure to fairness by being used to redress wrongs. It's never brought back the dead, but it has prevented perpetual vendettas. People will need some measure to insure they do not feel left out of what ever system is used. Even my dogs force me to be 'fair': they must always get an equal number of treats (but size won't matter). One of my dogs will take revenge on me (upend the garbage, chew up things) if she thinks it wasn't fair. (the other hasn't the attention span to notice)
    I think we make progress in "fairness" by strengthening the safety nets. In agreeing that there are basic rights and needs to be met for everyone. But even getting our society to recognize that seems to be a Sisaphyian task.

    I wouldn't mind one bit having an overhaul, but I do question what will replace it that will fulfill some of the human instincts for fairness and territory.

    I am much too liberal to be a Democrat.

    by WiseFerret on Sun Jan 20, 2013 at 12:22:27 PM PST

  •  One Into Two (0+ / 0-)

    I'm in complete agreement with this diaries thesis that there should be a change in the system.  But, to just end money is a little extreme.  Consider this different path to get there or at least effect change.  I think we need two systems. See my diary: Changing the Script.

    The existing system, that is global and organized by the archetypical attractor, called by some, the Elliptic Umbilic. It is suggested by the pyramid.
    -

    -
    The current state of affairs is that the 1% at the top control everything below through the gradient of authority expressed by the dollar. To directly appose or directly end this system puts one up against the United States military that props up this system. To oppose this system directly risks becoming the what you are fighting.

    The change must come from the 99% adopting a new way of doing business orthogonal to the existing system. This second economy must come from the ground up and is emerging in experiments in local alternative economies.

    The archetypal compliment to the Elliptic Umbilic is the Hyperbolic Umbilic.  Thus, suggesting a differing flow or method of organizing authority.
    -

    -
    A collective of local micro alternative economies could merge in to a wave of sufficient strength and authority  to balance or challenge the current pyramidal economic system.

    And this cuts to the heart of our struggle how do we oppose the the gradient of authority of the dollar without becoming entangled with it. Perhaps we dance around it.

    Re-posted to Street Prophets and Changing the Scrip.

    Thank you michlawa2 for the above diary it was thought provoking and helped me think through a few things.  I'm going to do a diary based on this comment.

    JON

    "Upward, not Northward" - Flatland, by EA Abbott

    by linkage on Sun Jan 20, 2013 at 02:03:24 PM PST

  •  Cash, allows us to (2+ / 0-)
    Recommended by:
    la motocycliste, linkage

    be individuals.  If we had another system such as some type of chit or internet coinage we would never have any privacy.  Corporations and financial houses would love to have the ability to monitor all movement.  In fact many commercials push the elimination of cash as a good thing.

    The ability to pay cash allows us to privately live our lives.  Charge things or use the internet to pay for items is not different than having a bell around our necks.  
    Thank you, but I'd rather pay in cash and protect what little privacy I have left.

  •  Buckminster Fuller (1+ / 0-)
    Recommended by:
    linkage

    had very similar ideas. Again & again Fuller pointed out the fundamental illogic of using technology to do the opposite of what it's capable of doing.  Why wasn't it really saving time & work & natural resources & creating a safer, cleaner environment? Social theorist Paul Goodman (now largely forgotten, a brilliant man) showed again & again how American culture & prejudices undermined & prevented the most reasonable solutions to supposedly intractable problems.

    "There ain't no sanity clause." Chico Marx

    by DJ Rix on Sun Jan 20, 2013 at 10:39:36 PM PST

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