A Much Needed Update On The Talent And ‘De Florijn’!
Dear Monetary Reformers
Here’s a much needed, short update on our great adventure: the implementation of our Talent architecture in a nationally circulating currency, ‘de Florijn’.
We had been planning to crowdfund for ‘de Florijn’ and next create the website, but as always, things turned out differently: we decided to first create the product, before looking for financing.
Unfortunately, things always seem to must move slower than either hoped or anticipated, but as they say: things go as they must.
But we have spent our time well: in December last year we opened our site in beta phase: you can find it at https://www.betalenmetflorijn.nl. Before we open up officially, the design will be further revamped and modernized, to make it focus completely on our simple, but revolutionary new currency.
We have also opened up a foundation to manage it all once we open. With me, Barry Annes and Marco Janssen as board members. The latter two gentlemen are consummate professionals and fully aware of the issues at stake. Marco regularly reports on the economy with his ‘Janssen Report‘.
We have about 130 account holders already, which is a nice start, although we will be looking for a few more before launching.
The main issue we’re negotiating at the moment is that we need a solid app for smartphones, to guarantee a modern and seamless payment experience. When done, working with ‘De Florijn’, buying them on the exchange, paying with them in stores, will be easy, safe, fast and up to speed with what people expect from today’s mobile applications.
Once this final hurdle has been taken, we will launch and start a funding campaign.
Working without money has been the bane of the whole project and we desperately need funds to keep going while we build the network until it reaches a size that allows the operation to self finance. This will be with about 1000 paying companies on board, something we hope to achieve within the first year after launching.
If you, in the meantime, can find it in your heart to make a donation to keep us going while we finish the final stages of the development, that would be really very much appreciated. We need all the help we can get, and we need to get it from you, because, as you will appreciate, there is plenty of money for saving banks, but not so much for solving banking.
Please use the donate button on the right. Thank you so much.
The whole thing is really very exciting: ‘De Florijn’ really stands a credible chance of developing into a widely used complementary payment device, directly addressing the key issues in the economy: scarce and expensive credit, small and medium business being savaged by deflation, the Internet and Transnational competition.
Not only that: the Talent infrastructure can be implemented by any ambitious monetary reformer who would like to create a truly comprehensive complementary currency anywhere in the Western World and beyond. There is nothing available anywhere, that comes even close to it. Remember: we are creating interest-free credit that is convertible to Euro or any other dominant banking unit. We’re currently working with several people who are looking to make a contribution in the need to bring people real monetary solutions.
Thanks again for your ongoing support of Real Currencies, ‘de Florijn, and the Talent!
Reblogged this on TheFlippinTruth.
The most important thing about money reform is to FIX THE RIGHT THING. Here is what a university economics student recently posted about his journey to the truth about money. I must say my journey was essentially the same. Many who follow this blog are still a few steps back from the end of their journey. This one is for you:
I just started listening at around 1h10m, and the first thing I notice is that Mads Palsvig describes the money creation process quite correctly as far as I understand it (money is endogenous) but, right after that, both fall into the debt virus trap and affirm that the problem is that the banks do not create the money for the interest.
Perhaps the greatest insight I believe have obtained from reading the old threads in this list is understanding how the gap relates to the debt virus. I myself believed in the debt virus theory at one point, the same as many people when they get introduced to the process of money creation.
The different stages I have followed look something like this:
1) Discover that money is created by banks out of thin air when they give out loans. Outrage!
2) It’s worse. The banks request interests for those loans, which are impossible to pay because the money for them does not exist. This is why more money has to be created and debt expands exponentially. More outrage!!
3) Proceed to express your outrage in different forums until someone explains that you are confusing stocks and flows. Bankers also have to eat, and they spend the money they get from the interests
4) Realize that it is perfectly possible to model a stable system in which companies can take loans, pay the interests of the loans and also make profits. Now you feel silly for being outraged.
If you still don’t believe this, read http://www.forbes.com/sites/stevekeen/2015/03/30/the-principal-and-interest-on-debt-myth-2/#b00365468238
5) However, this only works as long as bankers distribute all their revenue flow into the economy in some way. If they save part or if they create a lack of purchasing power in the rest of the economy, which can only be compensated by creating more money, that is, with more debt. So we’re back to banks as villains that enslave us with eternal debt.
But here is the insight I got from Social Credit:
6) Any company, not only banks, creates a lack of purchasing power when it distributes less of it in salaries and dividends than what it takes in with prices. This is one of the sources of what in Social Credit is called THE GAP, which is is the real cause of the problem. Exponentially increasing debt is a symptom of the gap.
This Forbes article is simple minded Liam.
It conflates profits with the flow of money. Making profits has NOTHING to do with the total outstanding stock of money, NOR with the velocity of money, which is key in this argument, NOR with the fact that the money lenders don’t SPEND, but LEND the money back into circulation.
Here’s a more circumspect evaluation of the situation:
https://realcurrencies.wordpress.com/2013/04/01/is-there-enough-money-to-pay-off-debt-plus-interest-a-closer-look/
However, I did like him saying 99,9% of the public believes the debt can’t be repaid and only 0,1% of ‘people’, known as ‘economists’ believe banking is of no consequence.
Money lenders do spend money “back into circulation” (money does not circulate). Every time a bank purchases an asset, or pays interest on deposits, or pays for ordinary business expenses, it is creating new money that never existed before. It is an increase in deposits in existence.
OF course money circulates: it changes hands, that’s what we mean by circulation. The idea that it’s just a static book entry is wrong: the purchasing power it represents is what counts and this purchasing power is constantly changing hands.
And yes, they spend SOME money back into circulation: for their costs, but by far most is just the proceeds of their plunder scheme, and they couldn’t even spend it if they wanted it, because they have far too much already. This is what you and so many others don’t get: the Usury ends up with a few ultra rich guys, it’s not like some normal income for normal people who actually need the income.
OK so let’s get this correct. Money circulates until it gets cancelled – and most of it gets cancelled very quickly – as it is paid out in debt repayment. So we could rightly say that MOST money does not circulate because most money is issued as debt. I would agree that the currency I have in my wallet circulates until a bank captures it and has it destroyed. That is a very small piece of the pie.
Yes, we’re in agreement. Only a very small portion of the money supply circulates: most is just sucking up Usury in deposit accounts.
I totally disagree. It is your analysis that is simple minded. Profits are a NEW demand for money that does not exist a-priori – just like interest on loan money when the loan is created. What part of “it costs a dollar to make a widget but only 50 cents is paid out in wages with which to buy it.” don’t you understand? If it is true that ALL goods and services have higher costs than what they pay out in wages, earnings and dividends – and it is true – then it becomes elementary to conclude that there is not enough money in the economy with which to settle the price of what has been produced. This is the GAP. Eliminate all profits – including interest on loans – and you STILL have a gap!
Maybe I am simply uninformed but can you explain how this venture will solve this “shortage of money” problem by putting the needed “effective demand” purchasing power into the hands of the unemployed and impoverished? Hell, how will it put this purchasing power equitably into the hands of everyone in a manner that is at least as effective as that proposed by CH Douglas with his national dividend and compensated-price proposals?
Profits are a separate issue. If these profits end up with a few ultra rich guys, they will indeed not spend the money back into circulation and you will have shortage of money. If they do, you won’t. There can at worst be a temporary issue when the entrepreneur tries to sell his goods, but wages have not yet been paid etc. This can be solved with zero interest self liquidating credit.
You completely ignored my point and went off on a tangent. What about THE GAP? Eliminate all usury and it is still there! Speak to THAT! Defeat my logic with sound logic. Opinions are like arses; everybody’s got one.
Hello Anthony,
Went to your beta site. Is there an English translation. I am interested in your concept–what little I know about. Anything to do with Swarm, Reddit, and/or Bit coin. Let me know if I can get more info–may know some people who could lend some help on the app–also, I know some in the alternative banking realm–who may be able to add value with their expertise [state banks] and networks. There is also a rapidly growing industry which has been unable to secure to banking services.
Also went to Jannsen report–I have heard O’Keeffe speak before. I like his simplicity. If you are in contact tell him he should be using 1984 as his model book. Orwell is explicit in his explanation of the real reason for war within this book [which completely captures the NWO]–the primary function of War [the proxy wars (along the equator) in Orwell’s book] is to extract resources from each super state’s [Oceania, Eurasia, Eastasia] community: Because prosperous people are impossible to control, i.e., ‘external war” is actually an internal war against the state’s own people.
GaryS
>>>>[i]Dear Monetary Reformers[/i]
translation:– Dear Morons
Migchels, the shoplifter, came up with the age-old solution of the monetary deformers and book-peddlers: send him money and solve the country’s currency and banking problems
Does this pickpocket have a day job ?
>>>>[i]we are creating interest-free credit that is convertible to Euro [/i]
are “we” creators that “we” can conjure up, out-of-nothing, credit that is attached to the Euro as leech-parasite ?
if “we” are such creative force, why not “we” create (out-of-nothing) a unit that does not need to attach itself and rely on a banker-issued unit as the Euro ?
When silver was the unit of measure, bankers (Migchels idolizes and parrots Daniel Webster the BoUS attorney) created, ex nihilo, credit notes attached to silver……..
150 years ago the hero of Migchels (Nicholas Biddle) and printing-press money advocates wishfully said: turn everything into credit, and all credit into currency…….
https://name789.wordpress.com/graballs-diary/
From where does this conjured up credit originate? on what is it based ?
>>>>[i]scarce and expensive credit[/i]
neither of it is true: there is plenty of credit, and plenty of printed notes, but no one wants to borrow even at 1%
We are in this depression not because of lack of currency or high interest rates
====================================
Holland (and Europe) is being over-run by aliens, there is open season on women; yet the above-mentioned three vermin are working on scheme to line their pockets — the true character of monetary deformists and printing-press money advocates
Money should be convertible, no? Well, we’ve created the first interest-free unit that is.
You’re just frothing at the mouth Name.
Banking is well soluble, but not with these insane ramblings about foreigners and Gold.
No, you can’t create units that are not attached to the dominant banker paradigm. You need to a direct, comfortable link, so that the interest-free unit can suck the banker economy dry, you understand?
Who are these subversives who gave 5+3 thumbsdown to the ignorant groupie in search of unearned revenue stream ? and gave me 11 thumbs up ? what is this Migchels blog coming to
I was wondering the EXACT same thing myself Name, hahahaha 😀
it seems obvious to anyone who cares to understand that ‘money’ which is created as credit and then destroyed via its repayment is neither actually nor technically money at all. the truth is that we do not have any money – we only have credit units masquerading as if they were money. credit and money are two distinct concepts that, in the popular mind at least, merge into one very confusing labyrinth.
a true and honest ‘money’ system could never allow the creation or insertion of credit simply because a ‘money’ system depends entirely upon fixed boundaries allowing the users of money to determine valuations. values cannot ever be calculated satisfactorily unless one knows what the upper and lower bounds of what the measuring tool is set to. this is because the value of something is a ratio – not an absolute cardinal number representing a fixed quantity.
units of credit may be increased or decreased, at the whim of borrowers and lenders, arbitrarily and for the benefit of only a very few. it is impossible to use units of credit as an honest exchange medium as no one has any idea of how many units exist at any one time making it impossible to determine evaluations.
this sad state of duplicity, credit acting as though it were money, is at the very core of the fraud within the architecture of all monetary systems. and, of course, this fraud is the cradle in which usury is nursed.
all credit, even interest free credit, pollutes the very nature of the exchange medium. and because credit is all that we essentially have, there is absolutely no chance that things will ever improve.
interest free credit is no better than interest bearing credit – they both led to the same swamp by different paths.
any ‘monetary reformer’ intent on issuing credit of any kind – interest free or otherwise – is actually misunderstanding the nature of credit and the separate nature of money.
I think you have just given us YOUR definition of money but it is not – strictly speaking – THE definition of money. Money is a generally accepted medium of exchange. The disctionary says “any circulating medium of exchange, including coins, paper money, and demand deposits.” It is a “ticket” if you will. Credit money deposited to your bank account is certainly of that character and if you don’t think so, send me an email and I’ll give you the particular so you can wire yours to me! So what are some forms of money that come to mind? Coupons, cash, loan deposits, international letters of credit, gold, silver, platinum and any commodity one is willing to accept as payment all qualify as money.
Now I certainly agree with you that there is fraud afoot with the present order of things. But again, it is the SYMPTOM of the disease, not the root cause of disease itself. The PROBLEM is quite simply the GAP in purchasing power that results from the business expenses that aggregate in business costs over and above the money paid out by businesses in aggregate. If it costs a dollar to make, a price of $1.20 is set and only 60 cents is paid out in money that lands in the pockets of real people, then only half of the merchandise made can actually be purchased. This shortfall is THE GAP – the shortage of money that results in products stranded as unsellable in the marketplace. To date, this has been somewhat mitigated by the issue of debt to make up the shortfall – but with all the attendant evils that so many confused people like Anthony attribute to “usury.” Of course, the proof that they are incorrect is the simple observance of the fact that even if this debt was “interest free” there would still be a gap.
So now there needs to be some formula, strategy, policy, system – call it what you want – that addresses the gap in a way that at the same time sets us all free from debt slavery, unlocks the full potential of people and restores production to its true purpose – consumption! That’s right; not jobs or profits. That which delivers goods and services to market in the most efficient matter is that which is best. I have invested thousands of hours to studying this and have concluded that though I have seen several good alternatives (e.g. Professor Frederick Soddy) none is as good or better than social credit. I recommend you look into it.
the dictionary writers are no better versed in the nature of money than the average man on the street. for you to cite the dictionary definition of money as somehow authoritative is a perfect example of tunnel vision. the gap you keep referring to is known to everyone as ‘profit’ – which, of course, is just another variation of usury.
usury is not simply ‘interest’ on money or credit – it’s any scheme that enriches someone at the expense of another.
rather than distributing a social credit or dividend to everyone , why not just outlaw profit-eering? there is mathematically no difference whatsoever.
Tunnel vision? That’s laughable. So you suffer from cognitive dissonance then? Let’s find out! I do agree that profit is exactly like interest because interest is just another way to take a profit.
Let’s presume that there is NO interest and NO profit and then let’s go back to the original exercise. Is there a single good or service on earth that is comprised of nothing but wages? There are no earnings (profit) or interest or dividends so all that is left is worker wages with which to buy stuff right? So no? Not one single good or service that has no costs other than wages right? Well then there you have it – the frackin gap! Again! You just can’t get away from it. Come on Jim. Stay with me here. Let’s talk about the gap. You say it’s profit but I just proved otherwise. As for your last paragraph, you clearly haven’t got a clue as to what social credit is because what you said has nothing to do with it. How do arrive at a FREE GIFT dividend or sales credit (rebate) on a purchase as being profiteering? Give does NOT equal take. Now stick withe me here Jim.., the gap!
I used to be as stiff necked on this point as you so trust me, it will come as a great relief to you when you come to the realization of just how simple the problem really is to understand and you will wonder not only at how you never saw it before but then why nobody else sees it either. Then the truth will dawn on you. You’ve been brainwashed! That is no big surprise because after all education is a FEDERAL department in just about every nation where they make damn sure us worker-bees of the new world order remain clueless that the wizard behind the curtain is just a worn-out old fraud.
liam, there’s nothing fundamentally wrong with tunnel vision as long as you’re in the right tunnel – so i hope you didn’t take my comment as an insult.
of course, wages are all there are (or should be!) in any economy. money is only a symbol representing the value attributed to the sale of a worker’s time.there are no other costs unless someone ‘takes’ a piece of the pie without having contributed their time in producing it. profit, dividends, interest on money and theft are all variations of this unjust taking – and they are all usurious.
the ‘gap’ definitely exists and is clearly the problem. but it only exists as the collective and very creative efforts of all usurious practices aggregate themselves and hollow out the economy. i may be stiff necked, but i think i’m in the right tunnel.
OK Jim, I congratulate you for seeing the gap. But I can’t agree with your assertion that eliminating profits is sensible. I smacks of socialism. I prefer to recognize the basic elements of human nature to desire gain and avoid loss as fundamental survival instincts. What is needed is a way to that the “edge” off what is wrong with both socialism and capitalism. It all begins with sound principles. The sound principles Douglas articulated were:
– Systems were made for men. Men were not made for systems.
– The purpose of production is consumption – not jobs or profit.
– That system which delivers goods and services to market at the lowest cost, most efficiently and quickly is best.
– Social Credit is a policy of a philosophy that has an aristocracy of producers who serve a democracy of consumers for the mutual benefit of all.
The only reason our dysfunctional system persists is that the collective consciousness fails to see its false premises. It continues to buy into the lie that there are “shortages” and that we must all therefore “compete” to get our “fair share.” In my view, the “right tunnel” to be in is the one that sees this lie for what it is. So what are the societal “beliefs” that buttress this lie?
– You can’t get something for nothing. (Why not?)
– If you won’t work, you won’t eat. (Why not?)
– There is a shortage of (everything) (What are we short of?)
– You’ve got to pull your weight. (Why? Am I the only one who can do it?)
– Nothing is certain except death and taxes. (No – just death.)
– It’s OK to screw your neighbor, rob your employer, take advantage of “dumb people” because “everybody does it.”
I don’t know how the AWAKENING will occur but I do know that until it happens in a critical mass of people, nothing will change. Jefferson and Jackson failed because they FIXED THE WRONG THING. The POSITIVE MONEY crew will fail for the same reason.
Thanks for sharing your ideas. It is always a pleasure to converse with thinking people.
as shocking as it might sound, I think that the only way to establish an honest financial system is for humans to transcend their ‘fundamental survival instinct’ – ‘to desire gain and avoid loss’ .
money itself, and the monetary system, in total, simply reflects these basis animal instincts. that’s why the system is as broken as it is! we all need to understand that the span of life is limited and that the purpose of life is to seek wisdom and suffer for the benefit of others. we have only one opportunity to do this – and that opportunity is called ‘our life’.
everything about money and our relationship to it is broken. the best thing to do whenever one is burdened with money is to spend it asap, if everyone did this there would be no problems. after all, the purpose for which we have money is to USE IT. not to invest it, not to save it, not to desire it, – but to USE IT.
to ‘fix the right thing’ would be to fix human nature.
We should be in agreement. By eliminating the very source of the motivation of greed (the shortage of money that gives birth to the desire for money) and fear (of job loss, theft etc.) we make it easier for our fellow man to conduct themselves exactly as you wish. You’re absolutely right. Everything about money and our relationship with it is broken. Let’s fix it by fixing the gap that perpetuates the dysfunction.
the shortage of money does not and cannot ‘give birth to the desire for money’. this is because ‘money’ – to actually be money – must necessarily be infinitely divisible. there are always enough units of money, in any money supply, to represent the totality of goods or services within the economy.
the desire for gain (greed) exists prior to any considerations about the money supply. the money supply will portion itself out thru market forces to reflect this greed by allocating however units are necessary to give voice to it.
the money supply may be one of one trillion units or of one hundred units – it would not matter in the slightest. this is because money, as I mentioned in a previous response, is not a fixed cardinal evaluation but a ratio or percentage whose value or purchasing power is a function of knowing how many units are available to me vis-Ã -vis how many units exist in total. all ratios need an upper and lower boundary to make any kind of sense.
on a gray scale the boundaries are absolute black and absolute white. the ‘value’ or calibration of any intermidiate color is reckoned as a ratio between the two established and perceivable poles of black and white. money, to be money, must similarly submit itself boundaries. the lower boundary would be nothing ( 0 units). the upper boundary could beany number whatsoever – as long as it is fixed, knowable by all, and conveniently divisible. it could be gold or it could be fiat paper. all that matters is that it form a constant upper boundary to the money supply.
to pump additional units into the system, either via credit or social dividends, or the discovery or more gold, pollutes the only rational frame work in which money could possible function accurately or honestly.
this is such an obvious concept – maybe so obvious that we have all somehow forget about it!
‘money’ can never, ever be scarce.
most people, somehow think, that in a growing economy the money supply should reflect the growing number of exchange transactions. most people, somehow think, that if the population using .money, is naturally growing larger and larger, then there should, axiomatically, be more units of ‘money’ required to handle and represent all the ever increasing transactions.
this is not true. all that is required is for the monetary units to be infinitely divisible. this property of divisibility is what provides the necessary flexibility for the money supply, whatever it might happen to be, to accommodate itself to the increase (or at times, decrease) need for additional sub-units of the currency.
in a healthy, honest monetary system, the value of each unit of money will naturally increase over time in purchasing power – but the units themselves never are required to grow in absolute (cardinal) numbers. there will always be enough to go around as a function of money’s divisible nature.
the problem we have is not a lack of units of money but, rather, a lack of moral imagination about how, and under what conditions these constant and eternal units are distributed.
until we all understand this principal, the infinite divisibility of money units, we will be forced to augment the money supply with additional units in the form of credit. and, as anyone can see, the deliberate introduction of unnecessary units will, in time, pollute the entire system and give rise to every usurious scheme that the human mind might design and deploy.
no nation, that i’m aware of, has ever instituted a true monetary system – one that respects the very nature of money. – they are all polluted with credit masquerading as though it were money.
‘money’ is, and must be, a mathematical ratio – not a cardinal number.it is flexible and like an idea – last forever. credit, on the other hand, is a fixed cardinal amount, that is introduced and destroyed over time. as credit mixes with money it can do nothing other than usurp the nature of money and leave us with a system unbearably polluted and meaningless.
And then this rubbish about ‘divisible money’.
That’s how Bitcoin ‘works’ too. ‘Works’, because it doesn’t work.
If you have divisible money, instead of expanding money, you will constantly have declining prices when the economy grows and this will be pleasant for those who hold money. It will also hinder circulation, and thus economic growth, because people will see a return when they ‘save’ money.
there is absolutely no room within the architecture of a ‘money’ system to allow for ‘saving money’ you cannot ‘save’ a symbol, a concept, or an evaluation. there is no difference between saving and hoarding. the only purpose for which money exists is to SPEND it. it is representation, a token, an image, a substitute – it has no value in and of itself as everyone already knows.
the case is the same with ‘investing money’. it cannot be done without debilitating, even annulling, its utility as an exchange medium.
in a growing economy, the purchasing power of money will continually be increasing, so that, in time, each unit’s value will become so astronomical that we will question why we ever thought it necessary to use money in the first place.
now, that’s what the jubilee is actually all about – a state of affairs where we trust each other enough to dispense with an exchange medium.
This is just nonsense Jim.
Why can’t credit serve as the basis for a money supply?
Of course credit is constantly being paid off, but if you, on the whole, add as much credit during the year as is being paid off, the money supply will remain constant.
This has been shown to be true even of interest-bearing credit, it most certainly is true of interest-free credit.
of course, ‘credit’ can certainly serve as the basis for a money supply. that’s exactly what we have now! how is that ‘working’ out!
‘credit’ (interest free or not) will always be allocated to only those deemed capable of returning it because if it’s not returned the entire system breaks down – again, exactly what we have now! only those fortunate enough to receive ‘credit’ will be enthroned to direct the use and application of this medium of exchange (you can’t really call it ‘money’) for purposes dear to their own interest – everyone else will have to contort their their desires and best judgments to conform – exactly what we have now!
just who, anthony, would be so wise as to entrust this power of credit creation to?
certainly, not a democracy!
In the first place, yes of course the credit must be repaid. So what? People have proven to be well capable (and wanting to) of paying their debts. That’s what the Banks have known and exploited for centuries.
Credit allocation should be done on the basis of indeed creditworthiness AND the understanding that the users of the monetary system have a basic RIGHT to credit, because the credit is a result of their partaking in the monetary system itself.
So in the mutual credit facilities that I’d like to see pop up, people would in principle get credit, if they’re credit worthy, and if they are going to spend the credit on viable plans: businesses and mortgages.
Because there is always more demand for credit than supply (prices would start rising if everybody could just borrow what they wanted), the credit space must be equitably shared (I know, a revolutionary concept in this day and age). Please note: equitably, not perse equally.
The Mutual Credit Facility is thus in charge of the credit allocation, but it must work according to a clear charter along the lines as discussed above.
Hey Anthony. I am a developer, I could spare some time to help you with mobile app. Send me an email to talk details.
Hello Anthony,
So nothing happens in this contrived economic/financial engineered world by accident–not with the wire-pullers controlling each and every nuance conceivable. so, how is it that everybody was wrong about the Brexit–and what’s the game plan going forward? There appears to be is an unspoken hidden agenda behind all of the noise and chaos is–which appears to be coming to a head–do you have any idea what it might be [above and beyond concentration of wealth and population reduction]?
Gary Schofield