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Welcome. This could be the beginning of a meaningful interchange, so go for it. If you want to give it a shot, you can tweet or use the Comments section below and have 160 characters there to say something about what is represented here and your views. Comments will be posted below. We reserve the right to remove inappropriate comments.


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"1/14/2014 13:19" - Your thinking that money is actually an information system is absolutely correct – of course as long as that information is not being manipulated by some power center. Your comment that wealth by which I infer you mean the value of a currency can only be dependent on productivity is I think just a tad off. I think you meant production and not productivity. Productivity is production per some unit of measurement such as time population etc. If you did mean production then I totally agree as that is also what is presented on this website. That system would work even at 0% inflation which our current one certainly cannot.  on


"" - Let me make some comments first re the commodity backing of currencies. I totally agree with you that commodity backing has serious flaws. Let me just talk about one of these which is that if the commodity is also independently traded then the value of the currency will fluctuate depending on the non-currency-related trading which takes place in that commodity. Most people think of gold in this vein (pun intended) because they believe that gold has an inherent value independent of circumstances. However in middle 2013 over about 2 months gold lost ~30% of its value against the US$. If gold truly had this intrinsic value then the dollar must have appreciated ~30% during that same time – but of course you know that is not true. There are other issues with commodity backing but let’s leave it at that.  on


"Hi Jeff – thanks for your interest and thoughts." - Uli Kortsch  on


"Hi -- am just having trouble posting my full comment but shall get back to you asap." - Uli Kortsch  on 1/14/2014 9:04


"1/10/2014 17:01" - I would appreciate any insights readers can add to help me shape this philosophy. Thanks.  on


"I'm a somewhat novice student of monetary reform and was recently referred to this site so I have more exploring to do to grok the principles herein. However I would like to test a personal philosophy re: money with folk on this site. I have come to the conclusion that money has evolved from (being based on) a scarce commodity to an information system; in insight I got from Thomas Greco. I believe that the information it measures is an entities' claim on productivity. I believe productivity is the only source of real wealth. As an information system there are no shortages of zeros to put into the computer so money now reflects the abundance or prosperity resulting from human ingenuity and resultant technological advances. Yet we are still bound in this 500+ year old financial model based on a neo-Malthusian model of scarcity - there's not enough to go around." - Jeff Rudisill  on


"Hi Robert I just sent you a direct email to connect." - Uli Kortsch  on 11/27/2013 9:21


"Uli I am on a panel discussing crypto-community currency as well as how equity based currency can change local to global economics at the Future of Money and Technology Summit this December 9th in San Francisco. I enjoyed watching your video as part of my research for my upcoming book. I would love to have a conversation about your ideas. Please email me and let's set a time to talk." - Dr. Robert A. Needham  on 11/26/2013 19:15


"Thanks Rodney. I am looking at a number of improvements in the site but its just one more thing to do." - Uli Kortsch  on 11/18/2013 8:32


"It is abundantly clear many believers have checked out of the educational process of economics. Your insightful is reversing that process. Thank you for doing much to make the complicated digestiful. " - Rodney Mayberry  on 11/17/2013 5:38


"Hi Charles - I agree with some of what you say but am confused by some other parts. You say that Treasury needs to stop selling money to the Fed - I have no idea what you are going on about here as that most decidedly is not what happens. As I explain in my latest video NORMALLY (i.e. not under QE) banks increase the money supply through the issuance of debt and reduce it through the acceptance of debt repayments. That is the very essence of our fractional reserve banking system." - Uli Kortsch  on 10/31/2013 9:07


"Just one simple thing needs to be done to effectively modify the monetary system. The US Treasury needs to stop selling money to the Federal Reserve for the cost of printing; 9.7 cents for a $100 bill. That will solve the basic problem. Let banks do what they want o do regulated as other businesses are regulated. The government should get out of the business of printing and selling money at cost and start printing and spending it. There are a few details lurking around the corner but the basic problem by the government reclaiming its right to issue all money into the economy rather than giving that privilege to banks and supporting banks by printing US money and selling it to banks at the cost of production." - Charles Layne  on 10/22/2013 7:49


"9/18/2013 8:58" - Overall I really liked the proposal - especially with my adjustments. Your plan is truly needed. I am a 43 year street level banker - meaning I have customers assigned to me and make loans to businesses which affects my outlook on your proposal. Thank you for letting people comment.  on


"" - These are my initial thoughts after quickly reading your proposal and I may not understand your answers fully. Enjoyed reading Irving Fisher's 1939 work. Thanks for posting it.  on


"" - I like your 100% reserve requirement demand deposits and need more understanding about how the reserve funding might work. I do have concerns about the way the credit or investment side of the bank is set up and the options the bank customer would have on the credit side. I would like the option of having the bank owe me the money and it uses its expertise to lend rather than my funds being in a pool of loans. The bank does not have sufficient incentive to make good loans if it is not suffering any losses from them - only me. Also I do not like have the borrower only dealing with the servicer of the loan (the bank) and being separated from the owner of the loan which is all the mutual funds customers. It makes restructuring and making accommodations on an individual borrower basis almost impossible. Finally mutual funds have a way of not following their policies. For example find an investment grade bond fund and review their portfolio by grade. You will almost always finds some level of below investment grade bonds in the portfolio to enhance yield. Well you might see this going in and accept it but over time the portfolio mix changes and it is hard to keep up with it. This would be especially true in loan underwriting. Better an investment adviser who is not making a spread on your money helps you decide about and review for adjustment over time your investments.  on


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