rwer.wordpress/the-prizes/#comment-43663 Please read The Role Of Money (Free full download) archive.org/details/roleofmoney032861mbp and then place the name , Frederick Soddy on the list. Written in 1921,- 1934, Frederick Soddy not only explains the systemic flaw (allowing an entity other the the sovereign government the right to print and tax the sovereign currency; but also explains the unintended consequence of this awesome power. PREFACE This book attempts to clear up the mystery of money in its social aspect. With the monetary system of the whole world in chaos, this mystery has never been so carefully fostered as it is to-day. And this is all the more curious inasmuch as there is not the slightest reason for this mystery. This book will show what money now is, what it does, and what it should do. From this will emerge the recognition of what has always been the true role of money. The standpoint from which most books on modern money are written has been reversed. In this book the subject is not treated from the point of view of the bankers as those are called who create by far the greater proportion of money but from that of the PUBLIC, who at present have to give up valuable goods and services to the bankers in return for the money that they have so cleverly created and create. This, surely, is what the public really wants to know about money. It was recognized in Athens and Sparta ten centuries before the birth of Christ that one of the most vital prerogatives of the State was the sole right to issue money. How curious that the unique quality of this prerogative is only now being re-discovered. The money-power which has been able to overshadow ostensibly responsible government, is not the power of the merely ultrarich, but is nothing more nor less than a new technique designed to create and destroy money by adding and withdrawing figures in bank ledgers, without the slightest concern for the interests of the community or the real role that money ought to perform therein. Who was (Nobel Prize for Chemistry ,1921) Frederick Soddy ? en.wikipedia.org/wiki/Frederick_Soddy In four books written from 1921 to 1934, Soddy carried on a campaign for a radical restructuring of global monetary relationships,[12] offering a perspective on economics rooted in physics—the laws of thermodynamics, in particular—and was roundly dismissed as a crank.[12] While most of his proposals - to abandon the gold standard, let international exchange rates float, use federal surpluses and deficits as macroeconomic policy tools that could counter cyclical trends, and establish bureaus of economic statistics (including a consumer price index) in order to facilitate this effort - are now conventional practice, his critique of fractional-reserve banking still remains outside the bounds of conventional wisdom.[12] Soddy wrote that financial debts grew exponentially at compound interest but the real economy was based on exhaustible stocks of fossil fuels. ***** “Believe nothing merely because you have been told it…But whatsoever, after due examination and analysis,you find to be kind, conducive to the good, the benefit,the welfare of all beings – that doctrine believe and cling to,and take it as your guide.”- Buddha READ MORE: bit.ly/MlQWNs
Posted on: Thu, 30 Jan 2014 15:58:53 +0000
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