Equal Money System FAQ 13 – How will people be motivated?

Equal Money FAQ 11 – What will the Equal Money look like – how will it work?

Most practical would be to have all the money be digital – because then it can simply be send from one (or many) central point(s) to all the individual accounts. Which would then require digital payment technology at every shop/store/warehouse and chip-technology. So it will be very similar to the payment systems that are already in place.

The type of biometric identification depends on the technological advancements that are most suitable for authentication purposes. The current biometric state of the art technology includes DNA readers, palm and fingerprint recognition, and iris scanners. Embedded technology is also a possibility, such as chip implants that are read via RFID.

The point here is to have a digital system which can also be implemented through using bankcards which already have a chip in it for further security.
Another reason why digital money is preferable – is that just as easy as the money is created, it must be able to be deleted. This would happen as soon as the money is used at the first payment. When I for instance buy myself a pair of shoes, that amount of money that I’ve just spent will not be ‘transferred’ from my account to the account of the store, it will instead be deleted from my account. Because remember: the purpose of the money is to make sure there is equal access for all to basic living-resources. Therefore once the money has served its purpose, there is no reason anymore for it to exist.

Within this, the money could be distributed either as a monthly or as an annual income.
So, yes – the entire experience of what money is and how we use it, will certainly change.

Equal Money System FAQ 10 – Can one just create money out of nothing – isn’t that what is causing the current money-crisis?

Indeed. What we’re proposing is a fiat money-system. Meaning: money that is created and issued by a central institution directly and declared as Legal.
With regards to the current money-crisis, one must understand: it is not due to money being created ‘out of nothing’ – but solely due to the procedure according to which all money being issued has the nature of a loan with interest.
This is completely against what we’re suggesting: because the point of having money is not to use it to exploit people for power and control, but to make life easier -which is by the way what children in schools are being taught about why money exists. Unfortunately they’re not being told the whole story.
As explained above – money will be a tool at your disposal that gives you access to living-recourse. It will not be a ‘loan’ – because you have a right to it: it is your money.

Equal Money System FAQ 9 – But how can you make sure the basic facilities are actually provided for everyone?

This will be done through a system of conscription – where everyone who finishes school will do 4 years of mandatory labor, in any one of the area’s that are required to support the basic support system of the world. This will make sure the basics can constantly be provided for everyone, and look – it will only cost you 4 years of labor and you get labor-money !
The basic support system includes food production and all the public services, such as mentioned in the list above.

Equal Money System FAQ 7 – Wouldn’t it be better to have no money at all?

No. For this simple reason: the goal is to establish equality on a basic physical level – equal housing and electricity, equal food and water, equal health care and equal education. This means one will work with an economy of goods and services. Now, practically speaking it will be far more effective to distribute one single resource to all – being Money – than to distribute all the different goods and services continuously to everyone. Because when each one has their own money that gives them access to what they require, each one can then go and get what they need, for instance in central stores and shops. To go to a situation of no money at this stage would lead to chaos and anarchy – because there would be no measure for anything – while equal money is a very specific measure, that will make sure each one has their necessary resources. So money is also a tool that allows for managing distribution in an orderly way.

Furthermore the only alternative to money is Barter, though to use barter at a world-wide scale as a replacement for money – is quite impractical. One merely need to consider that barter led to the creation of money in the first place, as human populations grew larger, because it is easier to express the value of all goods and services in one commodity – being money – that is most accessible to everyone. Thus if the money is sound, the principle of barter is actually contained within the use of money and there is no loss of value. Obviously this is not the case in the current system, where the value of money is based on debt.

2012 Interesting Quotes – “The System is flawed”

With 3,3 billion people jobless, and thus unable to earn a living. What alternative is their for them in the current system? To be the slaves of those with jobs just to survive? To be a criminal in the eyes of those with jobs because they must steal to live? The system is fatally flawed and must be replaced, the sooner the better as many suffer daily with now ay to find a solution. Investigate equal money system and show you have empathy and compassion! Bernard Poolman