In 2009 I visited third world, island nation, Samoa. Following a unique set of circumstances in 2010 I emigrated to Samoa and commenced a private study into the nature of money.
My book ‘Mistakes of the Monetary Reformers’ summarised the blogging of my findings by collating these blog posts. The title takes a negative approach, featuring the word and concept ‘mistakes’ but the book also contains a positive approach – providing a solution to each of these problems.
Researching the true nature of money was not an easy thing to do. Coming up with an alternative solution to the problems that I identified was even harder. Most difficult however was to communicate this to others. Having an epiphany yourself is one thing; helping others too to experience is another!
They say that, “For every cloud there is a silver lining”, but while this glib statement is true, I needed to work through each issue logically so that others could learn from my work. I did so in blog form and then produced the book to stitch it all together. I conceptualised the phrase that, “Understanding money is the second most important subject in life!” Does that also raise the question of what is the first?
While others had produced alternative currencies and promoted various concepts to tackle one aspect of monetary troubles, nobody that I saw had ever drilled down to the bottom and tackled them all. One cannot truly understand a topic until we do that. If I claim to understand a subject, then surely I must then provide a solution to the fundamental issue?
The charging of interest (usury) is prohibited in the three monotheistic religious texts thus any solution should be interest free – thus Mutual Credit. Private ownership of a currency reduced trust & increased risks of greed – thus Open Source.
Technology such as crypto-currencies were being used to remove trust whereas people actually base their assessment of a trust on human relationships. Trust must be enabled.
Understanding the true nature of money is the second most important subject in life! Contrary to the common narrative, when properly understood, true money can never be managed, issued nor limited. Hint: Nature did not fail when a financial adversity occurred.
Money is wrongly viewed as a commodity, such as oil, precious metals, a manufacturing operation, even goodwill, yet it is at its core a measurement of value, totally unable to be regulated, controlled or issued – either in quantity of in value. Tracking from where that deception initially comes from is shocking.
Opening our understanding of the true nature of money; taking the concepts back to the beginning and building it piece by piece brings a freedom to benefit society & self without limit! This book was my effort to share challenging concepts.