The Illusion of Money

Home-made money may not be accepted as 'legal tender' but anyone is free to buy and sell in any currency they wish. Just the state does not have to accept it as payment of debt and nor does anyone else.  If I buy and sell in JP YEN exclusively I must still pay my tax bill in UK Pounds.

Because of this the illusion is that the only good means of 'tender' is the state issued 'legal tender' and so there appears to be no real market for any alternative currencies, even those that may have clearly very substantial backing.

If there was an alternative currency of substantial backing and the state declared they would accept it by way of payment, recognise it as legal tender, it would potentially become useful and adopted.

But that is not going to occur simply because: if the new currency's backing is more resilient (not a fiat currency and so resistant to inflation) than the state's own tender (which is an inflationary fiat currency) we should all be able to workout what will result.

This is one reason why the state holds the monopoly for the production of their legal tender. The other reason is publishing a fiat currency is, well, like printing your own money.

So why does the banking system not take the advantage and publish their own currencies in competition with the state? (It would be easy to develop insurances for exchanging to state money for paying your tax-bills and the like).

Banks are not going to try to compete because it is the banks that actually produce a large part of the state currency, from nothing, with fractional reserve banking for which they are granted a monopoly by the state. So effectively they are already reaping in the benefit whilst getting the state to act as lender of last resort.

So why does a non banking organisation not issue a new currency? They could but the existing banking system would refuse to deal with it so an entirely independent banking structure would have to be put into place. Bit Coins is an example of this concept.

SOVEREIGNTY

SOVEREIGNTY is all about ownership.  A human has sovereignty over their own body, mind and life. Self.   A human also has sovereignty over the the fruit of their own labour.  That is natural law.

People believe this 'sovereignty of self' can be submitted to various other entities and they certainly are entitled to act as though they can.

More dangerously people believe they can arbitrarily insist other people submit their sovereignty to these entities.  This is the fundamental flaw in the false belief in the state.

The state is a system of belief where people must submit their self-sovereignty to the state and the state becomes the sovereign entity on behalf of the totality of the people.

The state then supposedly makes decisions on behalf of all the people, for the good of the whole.

It is presented rather like a parent child relationship.  Clearly you cannot allow a two year old complete self-sovereignty when there is an open fireplace in the room.  But you cannot decide eat the child either.  It is a limited submission of sovereignty.  There is an element of trust and reasonableness.

For one's nation (into which one's sovereignty has been caused to be usurped) to be dissolve and that sovereignty then to be assumed by a completely different administrative primacy is a very fundamental change. 

I say such a change is outside of the remit of the nation.  I say we humans are not a herd of beasts whose ownership can be swapped.

I say the rise of EU sovereign supremacy over the nation state is being brought about by Fabian DECEPTION.  I do not like attempts to fool me being perpetrated and will 'not do business' with such people - especially allow them to steal my sovereignty.  Not a f***ing chance.

And I refuse.  I don't need some 'democratic vote' and have to go along with it whatever the majority outcome happens to be.

My sovereignty is for me to do with as I wish.  I refuse because I can see clearly through the whole false and ridiculous paradigm, I do not believe in the concept of the state and I am therefore no longer a part of it (to the extent that is possible without going to live in the woods).

Woof woof - the Dogs of war

As though the fault just lays with the dogs who do the dirty-work. The dogs are spanked and all the little people go back to sleep thinking they have seen justice, that the principle has been served. Yes dogs need to know they will be punished too but who are their masters?