Silvio Gesell

A short clip about economist Silvio Gesell, one of the fathers of the complementary currency movement. More information at www.complementarycurrency.org.

Category:

News & Politics

Tags:

• complementary
• local
• community
• currency
• exchange
• barter

[cris750]

The creation of new money or FREE MONEY is not the solution in the long term. The reason is because unemployment and inflation would affect the "new money" years later becuase naturally the businesses within the "new money" circulation would once again hoard or accumulate or save their "new money". Otherwords, the "new money" is a temporary fix and would be tarnished years later and the cycle of economic recession and depression is repeated! The only way to get out of the cycle is to tax the 1%.

[networkeconomy]

@cris750 The issue is about solutions that work now, not solutions that will work sometime in the "long term". There is a disincentive to save or hoard, so many of the problems that would normally occur in a capitalist monetary system would not occur in this market-based monetary system.

[pooth27]

The equivalent on a national scale is the Mathematically Perfected Economy proposed by Mike Montagne. This would replace the fraud of allowing banks to print OUR money and then them asking US to pay it back to them (only for the reason that they printed it), WITH interest, is an incredible fraud that we, the people, have supported for a long time.

[networkeconomy]

@pooth27 ....it's gone on too long, but quite clearly is near the end of its lifespan. There are many viable options out there, and congratulations to you, and all of you who have commented for seeing past the myths.

[awakenedinseattle]

What a fascinating video!--and what an innovative thinker Silvio Gesell was. I sincerely appreciate your posting this.

These ideas sound like there could be a positive future, even in light of the world's current circumstances.

[DaVinci85]

through investments in bonds or stocks.

[networkeconomy]

@cris750 This may have happened before, when the vast majority of people were still under the illusion that there could be such a recovery under capitalism, which is really just a continual process of rebuilding the illusion that the system is stable. But what if there is no recovery? Then what?

[cris750]

@networkeconomy Yes, please read my response to "ishai10". The "new money" should be temporary in a given region until the cycle returns to "recovery".

[cris750]

@ishai10 YES,yes,yes, I agree 100 % concerning your observation of the past depression which preceded the rise of the nazis!!! However, this change to new currency should be temporary and then disbanded when the economy enters the recovery stage cycle. Remember, we are introducing a MORAL imperative(for the betterment of living beings) into an AMORAL system called economics. In this setting, I agree with networkeconomy for the "temporary" intro for new currency in a geographical area.

[ishai10]

@networkeconomy

THE DEPRESSION SPREAD BECAUSE WORGL CURRENCY, AND SIMILAR VENTURES, WERE ACTIVELY SUPRESSED BY CENTRAL BANKS AND GOVT.

HAD THISNOT BEEN THE CASE, HAD THEY BEEM ALLOWED TO SPREAD, THE GREAT DEPRESSION WOULD SURELY HAVE COME TO A NATURAL END. THE RISE OF NAZISM, WWII, THE HOLOCAUST - ALL MIGHT HAVE BEEN AVERTED, AND A NEW, MORE LIBERATED AND EQUAL SOCIAL ORDER, WOULD HAVE COME TO BE.

[Skypenamenottaken]

@RayHoli0 It doesn't make saving impossible. It just prevent money from being used as savings, which it should not be able to do. Money is a medium of exchange, not a good or commodity that can be saved. Money's value comes through its use, and you can see what happens when people try to use it as a savings - the economy tanks.

[yukiog]

結果から刺激物削りますので