Monday, July 16, 2012
VOICE of the CITY! Live with Michael 99% Harris and Justin Good, talk with J-Cherry about Sound Shares, a new way of doing money
Money. What is it? Where did it come from, why do we need it? Can we live without it? Money is a means of trade. Since the earliest of human times, people have used money to trade. Before there was a currency, people traded goods or services at the time of trade. As time went on it got harder to lug around your goods, or complete a service at times of transaction, or trading. So people used currency. Coins were the first form of currency for western civilization, gold or silver. Native Americans used rare shells. In our modern time we use fiat money.
The government via the Federal Reserve determines fiat money’s value. We used to have commodity-based money. Commodity money used to be backed by the gold standard. In the 1930's it was illegal to own gold except for jewelry, because more money needed to be used, then was available, and the government made you sell them your gold. Because there wasn't enough gold to make enough dollars, which the government needed. The way the government fixed this problem was to create fiat money. A dollar today is worth, well, a dollar. But WHAT is a dollar really worth today? Honestly, a dollar today is already a dollar in debt! There is nothing to back up a dollar but debt. This is the fiat system of money, a system that allows a few to hoard all the resources in the world.
What if we made a new way to trade? There are people doing just that! Welcome the Community Exchange System. “With the impending implosion of the usury-based, global money system, now is the time to seek a new way of 'doing' money, one not based on debt and controlled by a global monetary elite that seems happy about destroying our planet in the pursuit of profit. Conventional money is created as debt by private financial institutions for their own profit-making purposes, not as a public service. This is the root cause of the economic, social and environmental problems that beset us. The amount of debt determines the quantity of money, which has nothing to do with the amount of money we need to live decent lives. CES money is 'created' by its users so it can never be in short supply. So long as you can offer something of value you can have from the community goods and services of like value. Join the growing community who have discovered a new way of 'doing' money, a healthy money that will create a healthy society.” www.ces.org.za/index.asp
VOICE of the CITY
airs on WESU 88.1 FM Middletown
Tuesday evening from 6:30 to 8PM