Comments on: Central Banking, Usury, and the Growth Imperative http://beyondmoney.net/2007/06/08/central-banking-usury-and-the-growth-imperative/ Devoted to the liberation of money and credit, and the restoration of the commons Sat, 11 Feb 2012 19:54:37 +0000 hourly 1 http://wordpress.com/ By: Gonzalo Sicinski http://beyondmoney.net/2007/06/08/central-banking-usury-and-the-growth-imperative/#comment-4706 Sat, 05 Jun 2010 16:57:08 +0000 http://beyondmoney.wordpress.com/2007/06/08/central-banking-usury-and-the-growth-imperative/#comment-4706 I don’t know why alexa sent me over to your but I must say I have been actually captivated by the content you have together. How many years did it take to begin to get this many to your page? I am pretty new to this WWW thing.

]]> By: Computer News http://beyondmoney.net/2007/06/08/central-banking-usury-and-the-growth-imperative/#comment-2949 Sun, 03 Jan 2010 22:00:09 +0000 http://beyondmoney.wordpress.com/2007/06/08/central-banking-usury-and-the-growth-imperative/#comment-2949 My brother in law would really appreciate this blog post. We were just discussing about this. hehe

]]> By: Eric http://beyondmoney.net/2007/06/08/central-banking-usury-and-the-growth-imperative/#comment-1258 Wed, 01 Oct 2008 04:10:17 +0000 http://beyondmoney.wordpress.com/2007/06/08/central-banking-usury-and-the-growth-imperative/#comment-1258 Money (or credit…same thing) is like oil and gas to an engine. If you “choke” an engine from gas it will stop operating. If you don’t provide oil (credit) to the engine it will seize up.

As the engine grows in size one must provide more oil and gas to the engine.

If you provide too much gas you flood the engine.

So Marcus’ question is very interesting in that he seems to be seeking a method of automatically providing just the right amount of oil and gas to the economic engine so that it operates at an optimum level.

Problem… a really big problem.

Money.

It’s a “medium of exchange”, a “store of value” and a measure of “what things are worth”.

All of the above are human conceptions.. in other words.. beliefs.

Since a good number of humans believe that a variety of religions teach various unprovable stories based on supposed happenings thousand of years ago, the belief systems of Man are not necessarily aligned with the reality of today.

So the very nature of Man’s belief systems works against the idea that there is a form of money which is unalterable. Gold has served that purpose for thousands of years because apparently Man (read politicians) couldn’t inflate it, it was scarce, and it didn’t degrade like other elements.

Problem with gold is that when the economies expanded and the gold supply didn’t then the economies were “choked”.

So along comes paper “fiat” money backed by the word of the central government; this is quickly being overtaken by “digital” money.

As long a people accept the paper or digital money things work. If people lose faith in the money, (like the U.S. dollar) the world economy will undergo a contraction which is similar to running your 427 engine at 5000 rpm without oil.

Belief in money is similar to belief in religion. When the belief in Isis died so did the belief in the power of the pyramids.

In other words.. it all in our minds.

Cheers.. ERic

]]> By: Marcus http://beyondmoney.net/2007/06/08/central-banking-usury-and-the-growth-imperative/#comment-1256 Tue, 30 Sep 2008 19:51:11 +0000 http://beyondmoney.wordpress.com/2007/06/08/central-banking-usury-and-the-growth-imperative/#comment-1256 Is anyone aware of any System Dynamics models that represent the underlying structure of our current monetary system: money stocks, flows, creation, distribution, savings, investment, etc. It would certainly be instructive if such a model could demonstrate through simulation the growth imperative but also the cyclic boom-busts with increasing amplitude that are described on this blog.

I am aware of a very early (pre-digital computer) attempt – the MONIAC (Monetary National Income Analogue Computer). http://en.wikipedia.org/wiki/Moniac.

]]> By: sustento.org.nz » Blog Archive » The Nature of Money http://beyondmoney.net/2007/06/08/central-banking-usury-and-the-growth-imperative/#comment-42 Sun, 10 Jun 2007 03:14:53 +0000 http://beyondmoney.wordpress.com/2007/06/08/central-banking-usury-and-the-growth-imperative/#comment-42 [...] that he then moves on to looking at the economic impacts of the current system which has a built in imperative for growth resulting in continued boom bust cycles. He argues that this is down to the interest burden and that [...]

]]> By: sustento http://beyondmoney.net/2007/06/08/central-banking-usury-and-the-growth-imperative/#comment-39 Sun, 10 Jun 2007 00:15:17 +0000 http://beyondmoney.wordpress.com/2007/06/08/central-banking-usury-and-the-growth-imperative/#comment-39 Tom,

The question is do the economists understand it. The bankers i speak to certainly don’t. The camp that supports a return to gold just see fiat money as a rip off without understanding the interest aspect of it.

There is also the problem of offering an alternative to the system itself. Local currencies are all very well but how is the main system going to be dealt with?

There doesn’t seem to be a great deal of consensus around this.

Any thoughts?

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