Why a Parallel Currency?
Money is fluid, it has perceived value, and can be manipulated subjectively toward stupid stuff or toward important stuff.
With a separate parallel currency it would be possible to buy basic human needs, Worldwide. The closed loop of a parallel currency dedicated to providing basic human needs can produce whatever amount of money necessary to fulfill human needs, (food, shelter, education and healthcare). This money will circulate generally after its initial use but when it reaches a bank it is destroyed. It cannot be invested or saved. It will not create inflation. Savings will also be possible for taxpayers, because most social services will no longer need to be paid through taxes. The currency that is presently used in each country will continue to function as usual, toward profit making and investment. The result is two currencies functioning simultaneously, in parallel. The intent is to treat Human Needs as essential, as a Right. And to be able to afford them.
Why is this necessary?
Present economic functioning emphasizes profit making, competition and investment. This has served humanity by creating the industry and wealth that made nations prosperous. But now, the aggregation of value (money) in the hands of a very few has evolved creating a small middle class and large percentage of people living paycheck to paycheck or in poverty. This is the situation that we experience presently in the USA. It is also evident in most developed countries worldwide.
This evolution of unequal societies through the present functioning of the economy worldwide is putting pressure on the majority of Human populations, resulting in wars, migrations, stress, populist uprisings, anger and frustration.
It is important to realize that economics is a belief system like religion. Not everyone wants to be a Christian, or a Muslim or a Hindu or sometimes, be part of any religion. But they can, if they want, choose a religion from many different ones because not everyone is served emotionally and spiritually by the same religious philosophy. So religions have over many, many years split into various forms to accommodate most World populations. This process has not yet been accomplished with World Economics.
We all have to participate in the way economics has evolved from beginnings designed to benefit only royalty and bankers to the present economic inequality. As participants in the “Economic Belief System” we need to have alternatives. There are no other choices for people to make, like in religion, no different kind of economy available or a way of opting out. No other options than the formula of competition and profit making are available. The result of this economic formula over time is to send value into the hands of a few and make the rest of the population pay for their lifestyle. We are seeing this now all over the World. And we are experiencing the stresses that unequal societies bring, poverty, migrations, wars, political upheaval, confused populist movements, dictatorships, etc.
Our proposal of a Worldwide Parallel Currency is a way to offer choice within the World Economic System. A way out of poverty, a way toward more equal societies, a way for everyone to access basic food, shelter, education and healthcare as a birthright. A separate parallel currency can provide this option leaving existing currencies to their present functions but resulting in less harm to people and nature.
In other blogs I have addressed how the parallel currency can be organized to function efficiently.
