We already have a community exchange system, it is called CASH!

We already have a community exchange system, it is called CASH!

From what I gather from going to a few meetings about currency issues, 97% of all money in circulation is "funny money" that is created by the banks as interest bearing debt. The remaining three percent is cash issued by the government through the Reserve Bank of New Zealand, which unlike the U.S. Federal Reserve Bank is 100% government owned. That's not to say that the RBNZ is a benign institution, as it is still a part of the overall system of usury that is the root of all our problems, but at least our(!) government owns it.

It draws a wry smile from me when I see people I know are involved in TTNZ paying for shopping with eftpos. I wish these people would realise that every time they do this, or write a cheque, take a loan or use the bank in any other way they are "feeding the monster that enslaves them".

Endeavour to transact as much as you can in cash. If you must keep a bank account, keep it with a state supported bank such as Kiwibank. Keep only enough money in it to do the things that you absolutely cannot do with cash. Forget the convenience aspect of it - this is war, and some inconvenience is to be expected.

For me, I guess, this is easier, as we are market sellers of home-grown organic produce, and our customers pay cash. If, however I was doing a job where I had to be paid into a bank account I would withdraw the bulk of it as cash and spend it as cash. Don’t worry too much about security, just hide it well and don’t carry more on your person than you need. Better to be robbed than taken as a slave!

Convert all your spare money as soon as you can into tangible assets such as land, infrastructure and tools. Obviously you need to keep a bit by for emergencies.
Never take credit from a bank! This is the modern equivalent of selling yourself into slavery. Better to go hungry and buy all your clothes in the op-shop.

If the demand for cash is greater then the amount in circulation, it will be increased by the Reserve Bank to ensure that the demand is met. No government can be in a position where people go into the bank to get cash and there is none. More cash transactions mean the banks are starved of their life-blood. If the banking system goes into freefall people will still need to buy and sell stuff and those who have real cash money will be able to transact when the eftpos card is just a piece of worthless junk.

Complementary currencies are just for fun. The IRD won’t allow you to transact your main revenue generating occupation in them and the only thing you seem to be able to get for them is massages and bicycle mechanics. I need to pay the rates and put fuel in the truck and pay my agricultural contractor. Cash will do all these things and the bank can butt-out of my business. Cash is utilised in face-to-face transactions, thus it automatically stimulates the local economy, but is still "legal tender for all debts public and private" where complementary currencies are not.

I would encourage you to keep proper account of your transactions and pay your taxes just as you would have to if running your business through a bank account- squeaky clean keeps you out of jail (mostly).

Who should pay for pensions?

Historically, that is to say throughout human existence, except for the last, say, sixty years, the welfare of the older generation has fallen upon the younger generation. In it's simplest form this was all well and good. I well remember my Great Grandfather living with my Mothers Aunt and Uncle in the final years of his life and doing what he could as far as gardening and so-forth until his death well into his nineties. Of course the whole system relied on a high degree of social cohesion, although there were many instances of unrelated "friends of the family" being taken in in order to live out their final few years in a modest but civilised environment rather than destitution.
In these days when people have fewer children, and with regard to the lottery that occurs when a person/couple are unblessed by the advent of children, or their sexual orientation precludes the production of offspring and where the general disintegration of the social fabric enables the younger generation to deny responsibility for the wellbeing of their elders, then society has deemed fit for the state to assume that responsibility.

The figures put forward by RogerDouglas are no doubt accurate from an accountants point of view, but to extrapolate the notion of seven percent return on investment over the next several decades is a dangerous nonsense. Forty years ago, with hindsight, any sum invested would yield a huge return, but in that time, limitless growth seemed like a given truth. In 1972, the Club of Rome commissioned the report "Limits to Growth" that attempted to model the interaction of the concept of limitless growth with the realisation that the planet earth does not provide a limitless resource base. So far, 37 years on, the pattern of the global economy has been consistent with their findings.

The consequences are dire for the uninformed investor, but the banking sector has much invested in the concept of "Businesss As Usual Until The End Of The World As We Know It". Any other notion for them is unthinkable.

For us, we have the freedom to visualise a world where Natural Law takes precedence over the artifice of accountancy. We can look forward to a time where our Sovereign Government resumes sole authority to issue money on our behalf and to see an end to the centuries old "crime of usury" perpetrated by the banks that the likes of Douglas, Brash, Key et.al. depend upon for their very existence.