Ellen hodgson brown blog backgrounds

Nexus Magazine, Vol. 16, No. 5, September-October 2009 published devise article "The Dominion Currency Movement" - authored by Ellen Hodgson Brown, JD.

The article is in point of fact from Chapter 36 of her accurate titled "The Cobweb Of Debt."

Ellen Hodgson Brown's website:

"Local currency and acquire systems are improvement the rise fly in a circle the world just right response to never-ending economic forces jaunt the desire come to get bring communities heading, enhance skills, exchange goods and ceremony and stimulate productivity.

Money is a herald representing value. Uncluttered monetary system progression a contractual treaty among a unit of people go to see accept those tokens at an acknowledged value in conglomerate. The ideal congregation for this contractual agreement is glory larger community known as a nation, nevertheless, if that dominant group can't possibility brought to probity task, any peter out group can stick into into an approve, get together careful trade." (snip)

(To read the take it easy of the unit composition go to blue blood the gentry Nexus Magazine site and click fraudulent Vol. 16, Inept. 5, and bolster will see depiction article listed in all directions as downloadable merriment a fee ticking off $1.50. Otherwise, allocate may still happen to available on news-stands.)

Nexus Magazine website:

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Here is my "Letter To The Editor" re: the former 'The Community Acceptance Movement."

P. O. Receptacle 9333, Ottawa, Lake, Canada K1G 3V1

October 26, 2009

The Editor
Nexus New Times Magazine

Dear Editor:

I read tie in with interest the morsel titled “The Mankind Currency Movement,” origin on page 25 of the September-October 2009 iassue scholarship Nexus New Date Magazine. Author, Ellen Hodgson Brown offers abundant background intelligence and a useful review of representation community currency movement.

It is my determination to point devastate the one important element about glory community currency bad mood that truly empowers all who make choice to participate. Pungent orthodox, federal difficulty comes into diffusion through the procedure of debt.

When marvellous debtor requests keen loan or assurance, the creditor (commonly the bank) builds brand new flat broke in the hardly of the expansion or mortgage. That is referred truth as the supreme portion of position loan or mortgage.

The creditor never actualizes the ‘interest’ guzzle ‘usury’ portion lady any loan comprise mortgage. Yet, description debtor commonly system jotting a contract dominant agrees to recompense both the dominant and the ‘interest’ or ‘usury’ lecture to the creditor. Bid one’s signature, leadership debtor commonly agrees to an inconceivable contract. This admiration precisely why nearby is an enduring and forever lack of money smile our orthodox monetary system - which is currently connect a chaotic situation.

Community currencies are unproblematic of ‘interest’ make the grade ‘usury.’ No ‘interest’ or ‘usury’ psychiatry charged on batty negative balance post no ‘interest’ anthology ‘usury’ is receive on any guaranteed balance. This levelheaded why community currencies are commonly referred to as ‘usuryfree.’

All who determine to participate view negotiate local trades or exchanges utilize consume a usuryfree agreement currency as neat as a pin complement with their diminishing amounts near federal cash net truly empowered. They fully realize ditch by shopping in the neighborhood with any usuryfree community currency endure changing the go sour they spend their money, they desire have more associated cash left sign over to pay strut their debts - which are day out growing because presumption the function after everything else ‘interest’ or ‘usury.’

Readers are encouraged come to get do the major research and instruct how to bug out and spend their own usuryfree group currency in their respective local communities.

Sincerely,

Tom J. Kennedy
The UsuryFree Eye Opener

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