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MONEY = ELECTRONIC DATA.

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  • Wed, Dec 10, 2008 - 01:20pm

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    Searle88

    Searle88

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    MONEY = ELECTRONIC DATA.

 

What is not fully expressed ofcourse in the crash course (as far as I can see or remember right now)is that MONEY IN THE MAIN IS ELECTRONIC DATA TRANSMITTED FROM ONE BANK ACCOUNT TO ANOTHER. This is very important to understand. A tiny near non-existent portion of it exist as cash, and coin.

In my evolving project of Transfinancial Economics an understanding of electronic money plays a vital role. Without it the possibility of a tax, and interest free system in the present world would probably be "impossible".

                    http://www.p2pfoundation.net/Transfinancial_Economics

 

 Robert Searle

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