The point is twofold. #1 Our money system truly is a social contract, i.e. a social credit system that we can decide to put either to our service or foolisly chose to serve. #2 it is digital, that is it can be added to and/or subtracted from…by whatever point of equilibrium WE CHOSE TO CREATE.That it has to be a strict balancing of books/budgets at an arbitrary (and scarce individual income level) is actually nothing but an unnecessary adherence to orthodoxy. The point again is we can chose whatever level of abundant equilibrium we so choose. As the dividend and discount mechanisms are actually the anatomy and component parts OF A MONETARY AND ACCOUNTING EQUILIBRIUM…THEY CAN BE SET AT WHATEVER LEVEL OUR PRODUCTIVE SYSTEM…IS CAPABLE OF MATCHING. It also enables the present level to be distributed AT A PRICE LEVEL FAR BELOW COST! The Distributive-Digital paradigm is therefore capable of being a universal economic and monetary solvent.

Tim:   Hi: thanks! But what I am trying to get at is that the government can easily function on credit obtained directly from tax-creditors instead of pledging the same capacity as security to private banks to supply the same credit at interest.

Equity dictates that government may exercise no more power than is required and the robbery-based business model is not necessary. I am ready, willing and able to advance credit or even loan money directly to government at zero interest and non-callable in exchange for the government’s bare acknowledgement that I am the creditor and not an inferior legal entity/debtor by virtue of my having produced something of value.

(Also, sorry for the delay and odd hours but I am in South Africa with a 9-hour time difference from my home on Vancouver Island).

Me:  Tim,

Precisely. The problem is neither the government nor our “friends” the Banks are willing to meet you half way in that regard…because it may require them to surrender power or control. Wealth is actually probably even a secondary consideration to them…which only goes to show how given over to (or hypnotized by) these corruptible considerations they actually are. And of course the solution to the entire situation is monetary grace/graciousness distributed sufficiently to provide everyone with a secure economic life, is additional enough to make the economy actually functional….and still fits seamlessly within a profit making system.