Friday, July 23, 2010

Ghost of MONEY - phantastic Documentary MUST SEE


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THANKS BLOGGER.
But please identify exactly which item is is the problem.


YOUTUBE video was taken offline.. youtube received complaints from
Concious Media Network
jennifer Abbondanza
jamie stringam

but why?



The original post informed you about the Film


Yorick Niess - The Spirit of Money is a MUST SEE

Der Geist des Geldes http://de.wikipedia.org/wiki/Umlaufgesichertes_Geld

from Wikipedia_

Demurrage (currency)

Demurrage is a cost associated with owning or holding currency over a given period of time. It is sometimes referred to as a carrying cost of money. For commodity money such as gold, demurrage is in practice nothing more than the cost of storing and securing the gold.

Demurrage is sometimes cited as having advantageous economic effects, usually in the context of complementary currency systems. However, the effects of demurrage have not been extensively studied, nor have its benefits (or detriments) been rigorously demonstrated. The study of the effects of demurrage on an economic system is a rich and largely unexplored area of research in economics and other fields such as sociology.

In the theory of Freiwirtschaft, Freigeld, free money is a monetary (or exchange) unit proposed by Silvio Gesell.

Freigeld has several special properties:
It is maintained by a monetary authority to be spending power stable (no inflation or deflation) by means of printing more money or withdrawing money from circulation
It is cash flow safe (a scheme will be put in place to ensure that the money is returned into the cash flow - for example, by requiring stamps to be purchased and attached to the money to keep it valid)
It is convertible into other currencies
It is localized to a certain area (it is a local currency)

The name results from the idea that there is no incentive to store the money as it will automatically lose its value after some time. It is claimed that as a result, interest rates would drop to almost zero.

According to Gesell, all human-produced goods are subject to expensive storage, whereas money is not: Grain loses its weight, metal products rust, housing deteroriates. Therefore money has a supreme advantage over all other goods. John Maynard Keynes found another effect, which he deemed more important: liquidity preference. Being "liquid" with money is a great advantage to anybody, much more so than having comparable amounts (past utility) of any product. The result is that people will not even provide zero-risk, inflation corrected credits unless a certain interest rate is offered. Freigeld simply reduces this 'primordial' interest rate, which is estimated to be somewhere around 3% to 5%, by an absolute, in order to lower the average interest rate to a value around 0.

Zero. a round number.


BLOGGER received complaints

We have received a DMCA complaint for your blog, Scrap Book - Doco - Documentation - Media Snippets. An e-mail with the details of the complaint was sent to you on Apr 11, 2011 , and we reset the post status to "Draft"; you can edit it here. You may republish the post with the offending content and/or link(s) removed. If you believe you have the rights to post this content, you can file a counter-claim with us. For more on our DMCA policy, please click here. Thank you for your prompt attention.

This post was taken offline


THANKS BLOGGER.
But please identify exactly which item is is the problem.


YOUTUBE video was taken offline.. youtube received complaints from
Concious Media Network
jennifer Abbondanza
jamie stringam

but why?



The original post informed you about the Film


Yorick Niess - The Spirit of Money is a MUST SEE

Der Geist des Geldes http://de.wikipedia.org/wiki/Umlaufgesichertes_Geld

from Wikipedia_

Demurrage (currency)

Demurrage is a cost associated with owning or holding currency over a given period of time. It is sometimes referred to as a carrying cost of money. For commodity money such as gold, demurrage is in practice nothing more than the cost of storing and securing the gold.

Demurrage is sometimes cited as having advantageous economic effects, usually in the context of complementary currency systems. However, the effects of demurrage have not been extensively studied, nor have its benefits (or detriments) been rigorously demonstrated. The study of the effects of demurrage on an economic system is a rich and largely unexplored area of research in economics and other fields such as sociology.

In the theory of Freiwirtschaft, Freigeld, free money is a monetary (or exchange) unit proposed by Silvio Gesell.

Freigeld has several special properties:
It is maintained by a monetary authority to be spending power stable (no inflation or deflation) by means of printing more money or withdrawing money from circulation
It is cash flow safe (a scheme will be put in place to ensure that the money is returned into the cash flow - for example, by requiring stamps to be purchased and attached to the money to keep it valid)
It is convertible into other currencies
It is localized to a certain area (it is a local currency)

The name results from the idea that there is no incentive to store the money as it will automatically lose its value after some time. It is claimed that as a result, interest rates would drop to almost zero.

According to Gesell, all human-produced goods are subject to expensive storage, whereas money is not: Grain loses its weight, metal products rust, housing deteroriates. Therefore money has a supreme advantage over all other goods. John Maynard Keynes found another effect, which he deemed more important: liquidity preference. Being "liquid" with money is a great advantage to anybody, much more so than having comparable amounts (past utility) of any product. The result is that people will not even provide zero-risk, inflation corrected credits unless a certain interest rate is offered. Freigeld simply reduces this 'primordial' interest rate, which is estimated to be somewhere around 3% to 5%, by an absolute, in order to lower the average interest rate to a value around 0.

Zero. a round number.




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