Currencies

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Currencies are what we carry in our pockets or have in our bank accounts.

As examples, here are three of them:

  1. Dollar - with terrorism at its tip - see www.modernjihad.com
  2. Sterling - with 'bank victims' at the top - see www.ibas.co.uk and www.safe-online.org
  3. Euro - with unemployment as the tip of an iceberg. There were two Early Day Motions in British Parliament that pointed out that unemployment had risen in Germany and in France since the introduction of the Euro.

Below, each currency exemplifies different problems. The dollar has the 'advantage' or hegemony of being used as a reserve currency and as the globally accepted medium of exchange for weapons and drugs. Besides that, currencies share all problems no matter what their name is:

bulletmoney is created as interest-bearing credit by banks - at least up to 97% of the supply that is circulating
bulletmoney is in part distributed by governments; of course the government's share varies from country to country.

And then there are LETS Currencies, short for Local Exchange Trading Systems, which I like to call 'barter money'.

As complementary currencies, they solve the above problems, for they are interest-free and thus Islamicly sound.

Terror Networks State Sponsored (1950 - 1970)
Privatised (1970 - 1980)
Globalised (1980 - ???)
Third World Debts World Bank
International Monetary Fund (IMF)
Globalisation World Trade Organisation
Reserve Currency Federal Reserve
Bank Victims Bankruptcies
Repossessions
Pensioners Mis-Selling
Students Over-Charging
Calling in Loans
Personal Indebtedness Corporate Debts
Unemployment Wages
Salaries
Prices
Recession Inflation
Compounding Interest on Interest as Profits
or Payments of Dividends
Compounding Interest on Interest as Debts
or Interest Payments
National Sovereignty National Debts
Mutual Credit Mutually consenting adults
agree on the Value of Transactions
Barter Money is 'backed'
by the Exchanges of Products or Services
Barter Money is interest-free. However, 'transactions charges' may be deducted.
Banks issue money.
Governments administer some of its distribution.
A 'LETS Bank' is a 'system account'.
A 'LETS Government' is a 'core group'.
To allow for 'intertrading','LETS Governments' need to define an exchange rate with TIME as the global reference. Individual debts are balanced by the sum
over the collective membership.
'Debts' of the system account are the 'eternal spring' of the money supply for the 'LETS Government'.

In conclusion, private banks, who are accountable to their shareholders, control our money when publicly created money could solve many problems for both governments and citizens.

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