To sum it up…
What is FREE CURRENCY?
Before exploring the term “free currency” it is best to first fully understand what our current money is based upon.
It used to be that money was considered to be three things:
- a medium of exchange
- a measure of value and
- a store of value.
However, since it has become a so-called “fiat” currency without any backing, money can no longer be considered to be either a measure of value or a store of value. Currency *should* be a yardstick by which goods and services are measured, but when the money supply fluctuates constantly, it is as if the size of the yardstick is changing continually. Since the gold-standard was abolished, money is simply an IOU from the central bank. It stands for nothing.
Money is created as debt.
In order to get the straight picture on how money comes into being, how it is created, do a search on “Money as Debt”. There is a very good video in circulation on this topic. From that you can learn more about how our modern currency works.
Interest free money.
Free money or free currency, also known as alternative currency or regional money is money which is unburdened by interest. It also is created as debt, but it is very different from official money in its affect on the community.
There are many different ways to establish a free currency and they are legal. There are communities all over the US and all over the world where this is being done. In Germany, where I spent 14 of the last 20 years, the practice of issuing alternative currencies has never gone out of style. It is a very common thing to see people trading with one another freely there.
Access to free currency gives people a choice. Money stays in the community and enriches the lives of its citizens.
What is legal tender?
“Legal tender” is an obfuscatory term (it is meant to confuse). It means that a person is forced to accept it in payment of debt. It is centrally controlled and non-autonomous. It is the death of economy.
In a free economy there is no such thing as “legal tender”. In a free economy, credit instruments circulate amongst parties who extend trust to each other, who take calculated risks. No one is ever forced to accept a credit instrument of another party. Legal tender is forced money. It is a complete fraud, a license to steal. No wonder the system is now collapsing at such a pace.
To quote Wikipedia,
Legal tender or forced tender is an offered payment that, by law, cannot be refused in settlement of a debt, and have the debt remain in force.[1] Currency is the most common form of legal tender.
People are often confused, thinking that the word “legal” means that any other form of payment other than official central bank currency is illegal. This is not true, but bankers have used this impression to their advantage. It has never been illegal to issue one’s own credit instruments. There are literally millions of examples of people and businesses doing this.
I would suggest you take a look at the videos about the banking system circulating on Youtube etc., notably “Money as Debt”and “The Money Makers”. This will give a good explanation of “fractional reserve banking”, the system by which a bank creates money from nothing, increasing the money supply and debasing the value of the dollar.
What is money in reality? Where does money come from?
When we analyze money and take it back to its roots, it is simply a medium of exchange. We need money to get goods and services. We don’t actually want the money. We simply use money as a convenience. Rather than trade our goods and services against each other in direct trades, which would entail some inconvenience, we use money as a yardstick and medium to smoothen the process of exchange.
Money comes from you and it comes from me. Money never comes from a bank! A bank never ever creates money. You, yourself create money when you walk into a bank and apply for and receive a loan. Without you the bank cannot create any money. Money is based on debt, your debt. That debt represents your promise to pay at a later time, through your own productive efforts.
If that is the case, if money is simply my own debt, why can’t I borrow money from anyone or loan anyone money, as I choose? I *can* do that. Anyone can do it. But we have become convinced that this is not a good practice and trained not to do that. Now we need to see if this negative attitude towards personal autonomous credit is still relevant.
We have new technologies available and we have a situation we did not have before. Increasingly our communities are being bled dry. Globalization has taken its toll on us.
Every dollar we spend in a big box chain store bleeds our community. There is a huge crisis evolving because of this. But we need to examine it carefully and see whether this is not a wonderful opportunity in disguise.
The technology we have today should allow us to allocate our credit, to spend our money, in ways that empower us and our communities, rather than to enrich giant corporations and foster big government bloat.
Every dollar we spend is a vote. We either vote for our community or against it. We vote for our own freedom or our own enslavement.
A regional currency, if carefully engineered, will put an end to the process of urban decay. It will enrich the community, heal its citizens and bring well-being to all.
Quoting Wikipedia again:
Alternative currency is a term that refers to any currency used as an alternative to the dominant national or multinational currency systems (usually referred to as national or fiat money). Alternative currencies can be created by an individual, corporation, or organization, they can be created by national, state, or local governments, or they can arise naturally as people begin to use a certain commodity as a currency. Mutual credit is a form of alternative currency, and thus any form of lending that does not go through the banking system can be considered a form of alternative currency.
How do we go about setting up an alternative currency?
Now that computers are as commonplace as TVs and washing machines, as ubiquitous as telephones in every home, we all have the means of managing our own accounts. We no longer need banks to “store” our money. Banks long ago ceased to function as warehouses of wealth. Money is all paperless now in any case, so the logical step is for the common fellow to take over the function of managing his own credit and controlling his own wealth.
Now that you understand a bit more about the money conundrum, perhaps you would like to “put your money where your mouth is”. If you are ready to act to put such a proposed system in place in Fort Wayne, or wherever you are, become part of the network.
START HERE. Surf down the page and find the American flag. Click there and look down to the link for the “Johnny Appleseed Community Exchange” (or it may say Fort Wayne & Allen County) or your area. Register.
NEXT: Send this link and links you find most interesting to anyone you think HAS THE COURAGE to ACT. Ignore all your other contacts.
AFTER THAT: When you have a group of people behind you who are ready to work, get in touch with the author of this website. This is not to be a club, but a working, active and responsible committee for change. Talk is cheap. Work is what counts.
FINALLY: If you find anything here that could be better (most certainly this is only a start), you are welcome to sign up for an account at this website and do the editing work yourself. If you prove yourself to be serious and like-minded, you will receive editing rights.