Stan's Next Tom Greco Steps

“Buckminster Fuller has argued that “All who are really dedicated to the earliest possible attainment of economic and physical success for all humanity—and thereby realistically to eliminate war—will have to shift their efforts from the political arena to participate in the design revolution.”126                                         The approaches advocated in this book are of that sort, and an important element of the “design revolution” is education. I agree with Riegel when he says that,                                 The greatest enemy of mankind is ignorance of the inherent money power in all of us. When the realization of this comes to man he will, like Sampson, push down the walls of his prison. . . . Finance which is the creature of the unholy wedlock between banker and state cannot be solved by either partner dominating or consuming the other. The only solution lies in the people denying the power of both over industry, and their assertion of their own money power.127                                         Thus we have called for the separation of money and state, but since the people do not control their government, we believe that separation can only be achieved as the people assert their money power. But, what is this “money power” that Riegel[…]”

Emerging Exchange Alternatives

        The most graceful and promising approach to empowering ourselves and our communities is through voluntary, entrepreneurial activities that can liberate the exchange process and reclaim the credit commons. While we may not be able to do much in the short-run to change the legal privilege of political currencies or bank-created credit money, we can reduce our dependence upon them. The way to do that is by taking control of our own credit, and organizing independent means for allocating it directly to those individuals and businesses that we trust and wish to support. Riegel reminds us that “there is no constitutional or statutory barrier to the inauguration of a private enterprise, non-debt, non-interest, mutual money system.”128 Only popular control of credit and competition in currencies can transcend the money problem. As Ulrich von Beckerath has observed, “extension of exchange transactions without State money is in reality the beginning of a new system of settling accounts, indeed the beginning of a new economic order.” A new economic order is precisely what is needed at this point in history.                                        

        ”

Excerpt From

The End of Money and the Future of Civilization

Thomas Greco

This material may be protected by copyright.