What would/should/could we have in replacement of the Federal Reserve?

[MMe M]

Originally Posted by uranian

money serves 3 functions, store of wealth, means of exchange, unit of account. the gold/silver/copper standard has worked well in the past. you can still get inflation under a gold standard, e.g. introduction of "new world" gold and silver significantly increased the amount of precious metal circulating, thereby decreasing their value, aka inflation. the simplest form of currency for me would be just coins stamped with their purities and weights. doesn't really matter who coins them. you would get away from currency trading (an insanely huge business, trillions of USD a day go through currency markets, except even by modern freaky fiat standards, none of that money is actually real), which would stabilise matters. the basic problem is the charging of interest for loans, i think, as the money for the principal (actual loan) already exists, but the money to repay the interest doesn't. this is the heart of the problem for the current system, it has to continually inflate so that the "money" exists to repay the principal as well as the interest, and when it stops inflating (pretty much when everyone is so maxed out on debt that they can't borrow anymore), it starts to crash. i.e. now.

but i think money is rather symbolic of our perceptions of lack. when we get free energy, this will change to a perception of abundance, and we will not compete with one another for bigger cars, TVs, whatever. certainly there will still be stuff that needs to be done that wouldn't be inspiring and joyous things to do (taking out the trash, etc.), but i can easily see a society that, at the local level, maintains some barebones administration to identify what needs to be done, and share that work among the citizens of the community. a day a week? not a lot, i think. this requires a paradigm shift, certainly, but i think we're both choosing it and being economically forced into it right now.

NO MONEY, no more slavery! It is all a means of slavery. It is a tool, a device the same as shackles, collars with bells, used to control the many by the few. It must end. Wants vrs needs and all the rest will come to pass. Work should be to sustain, create, to nourish the soul, not to feed the banks. Abo;ish the fed for the slave masters institutions that it is, and begin to trade again. How much would life actually cost if energy were free, if your housing was what you built, if you grew your own food co-operatively, see where im going here?

Yes some of you would need to learn skills but in a cashless society, we must cooperate with each other.