Jan 26

Written by:
1/26/2010 8:33 AM 

Ellen Brown, who seems to be everywhere all at onecet writes today on how Canada came to fund healthcare with a public bank. The model was the island of Guernsey over there in the English Channel, and it was the cows that figured out how. She also explains the recent onset of degradation of the Canadian system, itself most interesting. Anyway, while musing over what she wrote one could not help recalling all the stuff that William Greider and Tom Greco and that genius Bernard Lietaer have written on the nature of money. All of a sudden it clicked: money other than specie money is simply trust that you will be compensated for something you have done or transferred. Funny, I've read that a dozen times but this nth time it had a clicking sound with it. Here is the click version of saying that money is trust:  In order to get something beyond your means accomplished, you organize a group of people to do it. Then the  arrangement by which those people get compensated is money. Money is trust. The clicking sound got triggered by the statement that the governments of Guernsey and Canada simply issued paper money, whatta scam!  Then, Bingo, it's not the paper that has to be trusted, for it is only an accounting device. Now, admit it, isn't that worth a click?

Viewing money as trust changes the way one interprets news about money matters, no? This is such a different view than viewing money as something to be counted, accumulated, invested, not  so? Makes you wonder what might be accomplished on Vashon if in spite of Tom Greco saying we are too small to make up a working economic unit we could still save our butts from the banksters just by changing our view of money.