Nice selling point. I have to disagree, however, in the implementation and the use of the technology side ( EG: Using Gold weights and parts as “Electronic money” ). The problem is where is the management and control of such a system and the accounting practices come in? One would need to set up a standard of exchange and establish it as an acceptable standard ( by acceptable I mean to be willingly embraced by all market participants ). This creates several areas of trust issues!

Who would be the one or ones to manage and keep operational such a system along ethical lines? Who would oversee that ethical trading practices are the norm and not merely the exception? How much would the transactions cost the average consumer/participant? Where would the checks and balances be placed to ensure the integrity of the system? Could such a system guarantee fairness and equity to ALL participants with a minimum of overhead? Doesn’t this sound like we would have a “monopolized” system of trade, much like we have now? How do we protect the integrity of the system from would-be criminal “crackers” and technologically-inclined scam artists?

I am not much for requiring “digital accounts” in order to conduct trade. If I can not trust the integrity of the system, nor of its handlers, then I can not blindly place my faith and trust in a system that some of its processes are hidden from me.

I think the better solution would be to return to barter as the primary means of trade, and a true-valued currency for those cases where barter would be impractical ( like some forms of foreign trade and certain online escrows ). We need to get away from a monopolized trade system and go back to where We, the People held the money and not the robber-barons of banking and finance! President John F. Kennedy had the right idea of a start with Executive Order 11110. However, this act of office was one of the contributing factors to his untimely death as this would have put the FEDERAL RESERVE on notice that they were about to be made obsolete!

As for the FED in what it does routinely, during a ‘market crisis’, they just print more worthless paper which only adds to the market woes! This kind of ‘financing’ was the hallmark of the banking families for many centuries in many lands; create credit to indebt the public, then devalue the currency and start calling in all the debts ( massive repossessions ), and control ALL OF THE REAL PROPERTY AND THE PEOPLE THEMSELVES!!!

I WILL NOT SUPPORT *** ANY *** SYSTEM OF MONEY, TRADE, OR CREDIT as a solution when it appears to be only a different flavor of the same thing we have now! Poison is poison, whether it be DECON, ROUNDUP, or just plain Arsenic! The one and only solution is to go back to a money that the People hold and can control. I like the idea of localized “currency”, but it needs to maintain authentic integrity rather than the appearance of ‘integrity’ for it to be fully trusted. We CAN revert to Gold, Silver, Barter, and Trade as a viable economy. We CAN go back to earning our worth in the market(s). We CAN go back to being rewarded by our own success from the fruits of our own labor! We CAN go back to COMMON LAW instead of EQUITY LAW! Those who claim we can not go back to what REALLY WORKED are either chronic, pathological liars, or have absolutely no clue of the history of trade in the human culture.

-JSSmith

You said : “Who will lead change? We need a strong leader to challege
the establishment and bring life to a new Republic. This may mean dollar backed gold standard, balanced gov. budgets, new industrial base, new leaders in gov., and a bankruptcy
of America to cleanup the balance sheet.”

We need to lead ourselves. Hierarchical structure is part of our historical problem. We’ve been supply driven since the “apple was shoved in our faces”. The top-down stuff has to go in place of bottom-up power, which is now feasible , thanks to the information age. You cannot pour new wine into old wineskins.

As for the gold issue, I’m a gold bug. I’ve studied money systems, theology and the U.S. struggle with monetary issues since the U.S. independence. Gold is great, but a gold based system will not come about based on any top-down legislation. We’re all following “the script” and a gold trading system is not the responsibility of the establishment. It has to be bottom-up and market driven , based on demand…… and it has to be done in real-time. The problem with all historic gold systems was not the gold. It was the inability to distribute gold from A-B, quickly and efficiently and the inability to split gold into tiny pieces so one could “buy a stick of gum”. In short, the problem was simply liquidity. Enter the real time paradigm and the marriage of gold with the information age to bring us the advent of 100% gold backed digital currency.

Are you aware that 100% gold backed currency calculates all accounts in weight ? It is only precious metal weight (allocated title) that gets transferred from account to account. The role of currency is simply as a real-time measuring tool for the sake of pricing more than anything. The measurment tool of currency (such as dollars or yen, to establish the amount of weight to be sent) is simply a convenience since we don’t price things in precious metal weight at the moment. Currency and gold can compete and coexist. Which do do you think will win out ?

Pegged gold meant “more currency means more gold” and as we all know, gold is a finite resource. This is why the gold window was closed in 1971. It wasn’t gold that didn’t work. It was the peg that didn’t work. The dollar’s peg had to be severed so that gold and dollars could be “remarried” at some point in the future. The future is here !

Real-time gold valuation allows for real market fundamentals to take proper shape, as long as the gold market is free to reflect these in it’s price. That is coming about. Real time gold requires no more gold, only a higher price to reflect demand. as long as the higher priced gold can be split into tiny pieces. Using real time digital calculations, the ole boys can create all the garbage fiat they want if people have a safe port where they have a store of value married to instant liquidity.

Recap of gold backed digital currency : global , seamless, instantly liquid, store of value, no debt on the gold (the sweat of the brow already paid for that)

Need I say more ?

Want the really great news ? We don’t have a system design problem in making a transaition to gold. The models are already there and functioning. We have , only, a marketing problem !!! This is a market issue, not a political one. Feel better ???

The market place is the first secular model. When we “first bit”, it was based on an economic gesture and the economic model was hence forged as being hierarchical. all other models followed suit, including politics, religion and education. The economic models is primary in setting the example. We ate before we went to church or to school or to the voting booth. This is what Genesis teaches us. Order ! We need to go back to the economic model to create a “rounder world”. The other secular models will follow suit.

We are here to create a balance in the POWER EQUATION between supply and demand.
Guess where the evil resides ? Some will say in the supply side of the equation. some will say the demand side. How do you blame a set of scale for being out of balance ? Do you blame one side or the other ? The evil resides in the imbalance.

-D. Abbot