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Detailed gold based monetary system development

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  • Detailed gold based monetary system development

    http://nesara.org/main/index.htm

    I've only had a quick look at it. It does allow some fractional reserve banking but has some funky looking interest earning formula rules to cut down/eliminate? banking usury.

  • #2
    Re: Detailed gold based monetary system development

    Originally posted by marvenger View Post
    http://nesara.org/main/index.htm

    I've only had a quick look at it. It does allow some fractional reserve banking but has some funky looking interest earning formula rules to cut down/eliminate? banking usury.
    "Fractional Reserve" and "Gold based monetary systems" are oxymorons.

    Self clearing debt AKA "real bills" are the only credit system that functions in a gold based monetary system. (if you want the system to serve its intended purpose that is)

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