Jerry Day’s Federal Reserve challenge:
If “End the Fed” is to be anything more than a mantra, then we must have a plan in place for how to actually end the fed and what we do after it’s gone.
I weep as I write this – because…
Michael Contardi, President of the Salt Spring Island Monetary Foundation, explains different models of local currency, as well as Bitcoin, an emerging revolutionary decentralized, non-politicized approach to money available via the internet.
As strange as this may sound, a “promise to pay” made by a bank to you is termed money because these promises serve in effect as money. In other words, our global monetary system is made up of things like IOU’s, bonds and guarantees, but there is no actual money.
… open an account with one of the many decentralised peer-to-peer alternative currency exchanges that will become available. These won’t be connected to any bank which means that you can transact anywhere in the world without using dollars, euros or yen. Instead, you will trade with alternative currencies. Naturally, there will be no bank charges, no transaction fees and certainly no interest.
Despite its fraud-bloated size; the entire Western financial sector (all of these rapacious, utterly criminal Big Banks) would form only a small component of this One Bank. Thus while it is not necessarily true that the One Bank has effective control of all these fraud-factories; it is undoubtedly true that it controls the vast majority of them.
Beyond protest, to responsibly managing the better world that is happening.
The official website of the Ithaca HOURS board of directors is at ithacahours.org Paul Glover consults for grassroots economic development as GreenPlanners.