Currencies

Currencies are what we carry in our pockets or have in our bank accounts.

As examples, here are three of them:

Dollar - with terrorism at its tip - see www.modernjihad.com
Sterling - with 'bank victims' at the top - see www.ibas.co.uk and www.safe-online.org
Euro - with unemployment as the tip of an iceberg. There were two Early Day Motions in British Parliament that pointed out that unemployment had risen in Germany and in France since the introduction of the Euro.

Below, each currency exemplifies different problems. The dollar has the 'advantage' or hegemony of being used as a reserve currency and as the globally accepted medium of exchange for weapons and drugs. Besides that, currencies share all problems no matter what their name is:

	money is created as interest-bearing credit by banks - at least up to 97% of the supply that is circulating
	money is in part distributed by governments; of course the government's share varies from country to country.

And then there are LETS Currencies, short for Local Exchange Trading Systems, which I like to call 'barter money'.

As complementary currencies, they solve the above problems, for they are interest-free and thus Islamicly sound.

	Terror Networks	State Sponsored (1950 - 1970) Privatised (1970 - 1980) Globalised (1980 - ???)
	Third World Debts	World Bank International Monetary Fund (IMF)
	Globalisation	World Trade Organisation
	Reserve Currency	Federal Reserve
	Bank Victims	Bankruptcies Repossessions
	Pensioners	Mis-Selling
	Students	Over-Charging Calling in Loans
	Personal Indebtedness	Corporate Debts
	Unemployment	Wages Salaries Prices
	Recession	Inflation
	Compounding Interest on Interest as Profits or Payments of Dividends	Compounding Interest on Interest as Debts or Interest Payments
	National Sovereignty	National Debts
	Mutual Credit	Mutually consenting adults agree on the Value of Transactions
	Barter Money is 'backed' by the Exchanges of Products or Services	Barter Money is interest-free. However, 'transactions charges' may be deducted.
	Banks issue money. Governments administer some of its distribution.	A 'LETS Bank' is a 'system account'. A 'LETS Government' is a 'core group'.
	To allow for 'intertrading','LETS Governments' need to define an exchange rate with TIME as the global reference.	Individual debts are balanced by the sum over the collective membership. 'Debts' of the system account are the 'eternal spring' of the money supply for the 'LETS Government'.

In conclusion, private banks, who are accountable to their shareholders, control our money when publicly created money could solve many problems for both governments and citizens.

Currencies