Stories that humanity needs to know

This is what no government will let their schools teach people about money.
It´s only now with the help of internet that its impossible to stop this knowledge from being spread.

On July 5th 1932, in the middle of the Great Depression, the Austrian town of Wörgl made economic history by introducing a remarkable complimentary currency. Wörgl was in trouble, and was prepared to try anything.

Of its population of 4,500, a total of 1,500 people were without a job!
200 families were penniless.

The mayor, Michael Unterguggenberger, had a long list of projects he wanted to accomplish, but there was hardly any money with which to carry them out.

These included repaving the roads, streetlights, extending water distribution across the whole town, and planting trees along the streets.

Rather than spending the 40,000 Austrian schillings in the town’s coffers to start these projects off, he deposited them in a local savings bank as a guarantee to back the issue of a type of complimentary currency known as ‘stamp scrip’.

This requires a monthly stamp to be stuck on all the circulating notes for them to remain valid, and in Wörgl, the stamp amounted 1% of the each note’s value. The money raised was used to run a soup kitchen that fed 220 families.

Because nobody wanted to pay what was effectively a hoarding fee, everyone receiving the notes would spend them as fast as possible. The 40,000 schilling deposit allowed anyone to exchange scrip for 98 per cent of its value in schillings. This offer was rarely taken up though.

Of all the business in town, only the railway station and the post office refused to accept the local money. When people ran out of spending ideas, they would pay their taxes early using scrip, resulting in a huge increase in town revenues. Over the 13-month period the project ran, the council not only carried out all the intended works projects, but also built new houses, a reservoir, a ski jump, and a bridge. The people also used scrip to replant forests, in anticipation of the future cash flow they would receive from the trees.

The key to its success was the fast circulation of scrip within the local economy, 14 times higher than the schilling. This in turn increased trade, creating extra employment. At the time of the project, Wörgl was the only Austrian town to achieve full employment.

Six neighbouring villages copied the system successfully. The French Prime Minister, Eduoard Dalladier, made a special visit to see the ‘miracle of Wörgl’. In January 1933, the project was replicated in the neighbouring city of Kirchbuhl, and in June 1933, Unterguggenburger addressed a meeting with representatives from 170 different towns and villages. Two hundred Austrian townships were interested in adopting the idea.

Eye witnesses report by Claude Bourdet, master engineer from the Zürich Polytechnic. "I visited Wörgl in August 1933, exactly one year after the launch of the experiment. One has to acknowledge that the result borders on the miraculous. The roads, notorious for their dreadful state, match now the Italian Autostrade. The Mayor’s office complex has been beautifully restored as a charming chalet with blossoming gladioli. A new concrete bridge carries the proud plaque: “Built with Free Money in the year 1933.” (H.E. remark: No longer!) Everywhere one sees new streetlights, as well as one street named after Silvio Gesell. (H.E. remark: Name long changed)

At this point, the central bank panicked, and decided to assert its monopoly rights by banning complimentary currencies. The people unsuccessfully sued the bank, and later lost in the Austrian Supreme Court. It then became a criminal offence to issue ‘emergency currency’.

The town went back to 30% unemployment.

This fueled the peoples frustrations and in 1934, social unrest exploded across Austria.
In 1938, when Hitler annexed Austria, he was welcomed by many people as their economic and political saviour.

A very similar story from the US.

How America created its own money in 1750

Benjamin Franklin tells what made New England prosperous

Colonies were more prosperous than the home country

Before the Declaration of Independence (1776) and the war that
followed, the colonized part of what is today the United States of
America was a Crown possession of England. It was called New England,
and was made up of 13 colonies, which became the original states of the
great Republic.

In 1750, this New England was very prosperous. Benjamin Franklin wrote:
“There was abundance in the Colonies, and peace reigned on every
border. It was difficult, even impossible, to find a happier and more
prosperous nation on all the surface of the globe. Comfort prevailed in
every home. The people, in general, kept the highest moral standards,
and education was widely spread.”

When Franklin went over to England to represent the interests of the
Colonies, he saw a completely different situation; the working
population of the home country was gnawed by hunger and plagued by
inescapable poverty. “The streets are covered with beggars and tramps,”
he wrote.
He asked his English friends how England, with all its
wealth, could have so much poverty among its working classes. His
friends replied that England was prey to a terrible condition; it had
too many workers! The rich said they were already overburdened with
taxes, and could not pay more to relieve the needs and poverty of this
great mass of workers. Several rich Englishmen of that time actually
believed what economist Thomas Malthus later wrote, that wars and
epidemic disease were necessary to rid the country from “manpower

People in London asked Franklin how the American Colonies managed to
collect enough money to support their poorhouses, and how they could
overcome this plague of unemployment and pauperism.

Thanks to debt-free money issued by the colonial governments

Franklin replied; “We have no poorhouses in the Colonies, and if we had
some, there would be no one to put in them, since in the Colonies there
is not a single unemployed person, not a beggar nor a tramp.”

His friends could not believe their ears, or understand how this could
be. They knew when the English poorhouses and jails became too
cluttered, England shipped the wretched inmates like cattle, to be
dumped on the quays of the Colonies if they survived the filth and
privations of the sea voyage. (In those days English debtors went to
jail if they could not pay their debts, and few escaped, since in jail
they could not earn money.)

Franklin’s acquaintences, in view of all this, asked him how he could
explain the remarkable prosperity of the New England Colonies.

Franklin told them: "Why, that is simple! In the Colonies, we issue our
own paper money. It’s called ‘Colonial Scrip.’ We issue it to pay the
government’s approved expenses and charities. We make sure it’s issued
in proper proportion to make the goods pass easily from the producers
to the consumers. In other words, we make sure there is always adequate
money in circulation for the needs of the economy.

"In this manner, by creating ourselves our own paper money, we control
its purchasing power, and we have no interest to pay, to anyone. You
see, a legitimate government can both spend and lend money into
circulation, while banks can only lend significant amounts of their
promissory bank notes, for they can neither give away nor spend but a
tiny fraction of the money the people need. Thus, when your bankers
here in England place money in circulation, there is always a debt
principal to be returned and usury to be paid. The result is that you
have always too little credit in circulation to give the workers full
employment. You do not have too many workers, you have too little money
in circulation, and that which circulates, all bears the endless burden
of unpayable debt and usury."

English Bankers impose poverty on the Colonies

Franklin should not have been so free with his advice, which soon came
to the attention of the powerful English Bankers. They quickly used
their influence to have the British Parliament pass a law that
prohibited the Colonies from using their Colonial Scrip money. The new
law ordered them to use only credit redeemable in gold and silver coins
that were provided in insufficient quantity by the banks of England.
And so began in America the plague of debt-based money, which has ever
since brought as many hardships to the American people, as it has to

The first law regulating Colonial money was passed by the British
Parliament 1751, then expanded by a more restrictive law in 1763.

Franklin reported that only one year after implementation of the
prohibition on Colonial Scrip, the streets of the Colonies were filled
with unemployed and beggars, just like those he had seen in England,

because there was not enough money to pay for their goods and work. The
English Banker’s new laws had reduced the circulating medium by half.

Franklin added that this was “the original and true cause of the
American Revolution;” and not the tax on tea or the Stamp Act, as has
been taught our children for generations in “history” books.

Here is a good quick overview of possible problems in our current monetary system.

A flaw in the monetary system?

Question. How could Germany being probably the poorest country in Europe with mass unemployment in just five years rise to become the most prosperous country in Europe affording to abuse that power to build at that time the worlds most powerful army?

When Hitler came to power, the country was completely, hopelessly broke.

People were living in hovels and starving. Nothing quite like it had ever happened before - the total destruction of the national currency, wiping out people’s savings, their businesses, and the economy generally. Making matters worse, at the end of the decade global depression hit. Germany had no choice but to succumb to debt slavery to international lenders.

Or so it seemed. Hitler and the National Socialists, who came to power in 1933, thwarted the international banking cartel by issuing their own debt free money.

Within two years, the unemployment problem had been solved and the country was back on its feet. It had a solid, stable currency, no debt, and no inflation, at a time when millions of people in the United States and other Western countries were still out of work and living on welfare.

Unfortunately Hitler was power mad and with the army he built caused the death of millions of people.

Imagine a reality in which the Germans would have had an alternative to such as Bitcoin, the world in which we now live.
The Germans would had been able to avoid and protect themselves from the catastrophic effects of the Wiemar hyperinflation.
This would in turn had made the rise of Hitler into power less likely as people would had been way less poor and frustrated.

It would also had meant that people would not had been willing to accept his currency as they would already had access to a better currency one which they could send to anyone they liked all over the world.

Having access to several currencies (not fiat currencies that must follow each other down in value).
Alternative currencies creates economic stability, in fact its the only way to ensure economic stability.
Because with only one currency, if something happens there is no way out of it.

Do you know during what time period Europeans had 44-79 more days of work every single year, than we do today? And why?

In England during the middle ages they used debt fee money and according to
Oxford Professor James E. Thorold Rogers who was an english historian and economist.
Professor of statistics and political economy at the University of London.

“Rogers was one of the first to reveal several crucial aspects of England’s social development during the Middle Ages, including the evolution of the manor, the mass shift from the corvée to cash rent in the 14th century, the subsequent stratification of the peasantry, and the growth of pauperism during the Reformation.”

This is how little they worked.

“The medieval workday was not more than eight hours.”

“One day’s work was considered half a day, and if a serf worked an entire day, this was counted as two “days-works.”[2] Detailed accounts of artisans’ workdays are available.”

“The medieval calendar was filled with holidays. Official – that is, church – holidays included not only long “vacations” at Christmas, Easter, and midsummer but also numerous saints’ andrest days.”

“A thirteenth-century estime finds that whole peasant families did not put in more than 150 days per year on their land.”

“Manorial records from fourteenth-century England indicate an extremely short working year – 175 days – for servile laborers.”

The contrast between capitalist and precapitalist work patterns is most striking in respect to the working year.

Later evidence for farmer-miners, a group with control over their worktime, indicates they worked only 180 days a year.

Today we work 224-229 days per year which is 44-79 days less free time per year than during the middle ages, yet we have unemployment problems.


so instead, here is pair of boobs, beer and some dolly dollar!!!

:yeah: :yeah: :yeah: :yeah: :yeah:

cheers for bliss of ignorance

The secret way, in which dictators and oppressive governments control millions of people and keep their oppressive power over the people.

People use money without really understanding how a monopoly of creating money is a very dangerous thing.
Most wars with millions of killed humans have been financed by the ability of those in power to create new money by borrowing an endless supply of it or simply producing it like Hitler did. Which is possible when people have no other way of transacting with eachother.

By doing this the power will ensure that they will always stay as the most powerful entity in the country because this will allow them to have low taxes yet, give them the ability to pay for huge armies and pay high salaries to people who work for them, protecting their power as military and secret police, yet these people produce nothing of value.

The good salary they can offer gives these military occupations a high status, making lots of young people wanting to become military.

Those who first receives money is those who gets the most value out of it.
Before prices have increase because of the inflation the new money creates.

Those who gets the least value from the money are those who do not get it straight from the governments.

By giving new money to the army first those who work in the army gets a high value for their salary.
And the inflation instead makes sure the rest of the population is held on a tight string.

The choice for millions of people all over the world becomes a choice of having work as a military or being poor working as a worker or unemployed.

Just start to look at the big countries in the world and you will see HUUUGE armies while people are poor.

These armies also ensure the oppressive government stays in power all over the world.

The ability for governments to have a monopoly on money used in a country makes it impossible for any uprising power to compete and pay a higher salary since it becomes impossible for them and the people to collect more money than what the Government or dictator who can print money can print.

Thus the one who controls a endless printing press can always afford to have the biggest army and thus making it impossible for the people who use this powers money, to collect money to rise against the oppressive power.

The control and lack of privacy of peoples money also makes it impossible for people to collect money for forming resistance.

Blocking people from moving their money also blocks people from escaping and doing an exit away from an oppressive government/dictator and bringing their capital to a country with freedom.

When war hits a country, the currency of the county looses its value, a currency that do not belong to a country will not lose its value because of war in that country.

Both these are what made it difficult for people of Syria to replace their government.
The leader used the ability to print the money people use to fund the army protecting him and his government and once war really became a fact
the money the people had saved lost most of its value.

Bitcoin had they had access to it had given a way for people to escape the war and bringing with them their value of their money to the new country.
And instead of millions of people being forced to escape as poor many would have had more money to help them buy food, shelter and clothes for their children.
Many peoples lives would had been saved by this.

Thus the refugees will also become less of a burden and more of an asset for the country that welcomes them.

You think this is bad? Than you do not like Bitcoin.

No one can block peoples bitcoins. Their value is not depending on a single country like so many failed currencies, for reasons such as war, hyperinflation, economic crises and countries ceasing to exist etc, throughout our history.

If gold was created hundreds of years ago by the “full faith” of a government there would be absolutely no value at all in gold today.

Almost every single war has been created by armies, people who give up their ability to think for themselves in order to obey order.
Yet most people on this earth do not want to spend money on huge armies, they want good schools, good healthcare, good research, good roads and railroads, houses and peace.

Yet here we are.

This thread is not here to entertain MR.cAMEL, if you want to have “fun” go play somewhere else like 4chan.

This forum is not here for you to spam about bitcoin & economics, if you want to have someone to talk with & share your thoughts go to

Errr so what exactly is Off-Topic for?

Partially, Camel is right.
Splajn seems to have forgotten there are still two complete devoted topics in this section not yet closed where he could have added the info like i have had requested him in the last closed topic.
So please, if you don’t mind, continue there…