• Preamble
• The current monetary system
• We, the People, declare that
  • 1. Money is a commons
  • 2. Money is democratic
  • 3. Money is free
  • 4. Money is for developing wealth
  • 5. Money is for everyone
• Discussions

Preamble

• Article 2: Everyone is entitled to all the rights and freedoms set forth in this Declaration, without distinction of any kind, such as race, color, sex, language, religion, political or other opinion, national or social origin, property, birth or other status. Furthermore, no distinction shall be made on the basis of the political, jurisdictional or international status of the country or territory to which a person belongs, whether it be independent, trust, non-self-governing or under any other limitation of sovereignty.

• Article 3: Everyone has the right to life, liberty and security of person.

• Article 4: No one shall be held in slavery or servitude; slavery and the slave trade shall be prohibited in all their forms.

• Article 17:
  1. Everyone has the right to own property alone as well as in association with others.
  2. No one shall be arbitrarily deprived of his property.

• Article 23:
  1. Everyone has the right to work, to free choice of employment, to just and favourable conditions of work and to protection against unemployment.
  2. Everyone, without any discrimination, has the right to equal pay for equal work.
  3. Everyone who works has the right to just and favourable remuneration ensuring for himself and his family an existence worthy of human dignity, and supplemented, if necessary, by other means of social protection.

• Article 25:
  1. Everyone has the right to a standard of living adequate for the health and well-being of himself and of his family, including food, clothing, housing and medical care and necessary social services, and the right to security in the event of unemployment, sickness, disability, widowhood, old age or other lack of livelihood in circumstances beyond his control.
  2. Motherhood and childhood are entitled to special care and assistance. All children, whether born in or out of wedlock, shall enjoy the same social protection.

The current monetary system

• A private monopoly managed by private interests without representation of the People's interest. Citizens have no control or decision power over monetary creation and circulation. Transparency does not exist or is illusory.

• Not free: money is issued through the creation of credit for which the collateral is merely an accounting entry. Despite a creation out of nothing, any credit is subject to an usury (interest) rate. This usury or interest rate is the major cause of inflation and such cost of money represents a major part of the cost of things.

• Not public, not in the commons: 80 to 85% of the money in circulation today in Western countries is credit money, i.e. money you pay for and that belongs to the banks.

• Promoting a spirit of competition: the money needed for interest payment is not created when credit is initially issued. Therefore economic actors enter into competition for getting the money necessary for interest payment. Such imperative is largely responsible for the mad profit-making race.

• Unsustainable: compound interest is an exponential curve, meaning the amount of interest can rapidly overtake the circulating monetary mass. Interest accelerates the built in Pareto effect?. Thus currency monetary systems have no other alternative than collapsing when the initial monetary mass needed for economic activity is overtaken by the monetary mass needed for interest payment.

Discussions