The abolition of legal tender

For the human being, the real value of all things is determined by the work, because only through the work he come into possession, transforms and enhances everything that exists in nature, including himself. Without gathering, hunting, farming, mining and processing, the human being cannot use anything necessary to meet their own needs. And without information and training, he cannot use himself. All these activities are working. The same natural resources and energy have no value without the work. The real wealth, from food to knowledge, is therefore made ​​up of everything that comes from working.

Money was adopted to measure the value of this wealth and to change and keep the same. Originally, the money was a real existing asset, also derived by work, the value of which, determined by the work it takes to get it, was the universal equivalent, i.e. the measurement of the value of all other goods. Subsequently, with the receipt of deposit, money became an object representative of existing real assets deposited to who issued the receipt.

Since the custodians of the goods began to issue receipts without to receive any asset but in exchange for debts, i.e. through loans with interest, the money no longer represent existing real assets but only future goods. And since the future goods can only come by the future work necessary for their production, from that moment the money represents the future work necessary to produce the goods payable with the same money.

Paying interest on this money created out of nothing, it realizes a gain without producing goods but simply subtracting the value of work actually performed. Not only. Just because you can make money without producing, this money was issued in excess compared with future work, not of one but of several generations. And because the amount of money is increasing higher than production, it is impossible to produce all the goods that the money is supposed to represent. So, most of the money does not have and will never have any value. For this was adopted the legal tender, by which a law establishes that money without real value has a legal value. With this legal tender the humanity and the entire planet are dominated (and perhaps destroyed).

Suppose we remove all legal tender. What would be the effects? There would be no more debts nor credits, the existing wealth would be only represented by movable and unmovable goods already produced (their value would be determined by the work done for their production), while the future wealth would be represented by goods and services to be produced with the job. But most of the existing wealth would remain concentrated in favour of a small minority. How to redistribute? The only solution is to adopt a new universal currency guaranteed since the issuance by real existing goods and that represents the value of the work (so that the value of goods is determined by the work done to produce them). This currency must be distributed equally among all the inhabitants of the planet and must have an insuperable limit of issuance.

The universal currency is Dhana ( This, apart any ideology and all philosophical speculation, is the only way to return the money to its original function and to recognize the true value of the work. There is very little time to do it, before the situation becomes irreversible.

Thursday, October 18, 2012.

Rodolfo Marusi Guareschi