<br><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Dante-Gabryell Monson</b> <span dir="ltr"><<a href="mailto:dante.monson@gmail.com">dante.monson@gmail.com</a>></span><br>
Date: Mon, Mar 7, 2011 at 2:18 AM<br>Subject: 2006 archive : Chris Cook - The Future of Money is No Money<br>To: <a href="mailto:econowmix@googlegroups.com">econowmix@googlegroups.com</a>, <a href="mailto:sustainable_solidarity@yahoogroups.com">sustainable_solidarity@yahoogroups.com</a>, <a href="mailto:hc_ecology@yahoogroups.com">hc_ecology@yahoogroups.com</a><br>
<br><br><span style="font-family: Georgia; font-size: 13px;">excerpt from Chris Cook,</span><div><font face="Georgia"><br>
</font></div><div><font face="Georgia"><span style="font-size: 13px;">"One could add <b><i>"The Future of Property is No Property"</i></b> since Property,<br>
too, <b><u>is in fact a Relationship, not an Object</u></b>."</span><br></font><div><span style="font-family: Georgia; font-size: 13px;"><br></span></div><div><span style="font-family: Georgia; font-size: 13px;">from a 2006 message :</span></div>
<div><span style="font-family: Georgia; font-size: 13px;"><br></span></div><div><span style="font-family: Georgia; font-size: 13px;"><a href="http://finance.dir.groups.yahoo.com/group/gang8/message/10932" target="_blank">http://finance.dir.groups.yahoo.com/group/gang8/message/10932</a></span></div>
<div><br></div><div>more on</div><div><br></div><div><a href="http://www.google.be/search?sourceid=chrome&client=ubuntu&channel=cs&ie=UTF-8&q=%22Open+Corporate%22#sclient=psy&hl=en&safe=off&client=ubuntu&hs=wGK&channel=cs&source=hp&q=%22Open+Corporate%22+chris+cook&aq=f&aqi=&aql=&oq=&pbx=1&fp=88d22d22e77e9e9f" target="_blank">"Open Corporate" : google search link</a></div>
<div><br></div><div><a href="http://p2pfoundation.net/Chris_Cook" target="_blank">http://p2pfoundation.net/Chris_Cook</a></div><div><br></div><div><i>"<span style="font-family: sans-serif; font-size: 13px; line-height: 19px;">it may serve as a framework for the various stakeholders to come together to achieve the common purpose"</span></i></div>
<div><br></div><div>-----------------------------</div><div><br></div><div><div><span style="font-family: Georgia; font-size: 13px;"><br>
</span></div><div><span style="font-family: Georgia; font-size: 13px;"><a href="http://finance.dir.groups.yahoo.com/group/gang8/message/10932" target="_blank">http://finance.dir.groups.yahoo.com/group/gang8/message/10932</a></span></div>
</div><div><span style="font-family: Georgia; font-size: 13px;"><br></span></div><div><span style="font-family: Georgia; font-size: 13px;">Chris Cook excerpt :</span></div>
<div><span style="font-family: Georgia; font-size: 13px;"><br></span></div><div><span style="font-family: Georgia; font-size: 13px;">My thesis is that we now see emerging a new alternative<br>
for "investing" in productive assets in the shape of what I call<br>the "Open Corporate".<br><br>This new "legal wrapper" - which essentially renders the Company<br>obsolete -literally gives rise to a new form of indefinite "Property<br>
right" - neither "freehold" nor "leasehold" but "Co-ownership"<br>between user and financier of property.<br><br><b>This in turn is based upon neither Statute (enforced by government)<br>
nor Common Law (enforced by judges) but something in between - a form<br>of consensual law best understood by the French distinction<br>between "Contrats de Mandat" ("one way" contracts essentially imposed<br>
by one party on the other) and "Contrats de Societe" (contracts, such<br>as partnerships, negotiated and agreed consensually).</b><br><br>I believe that such investment in land through "Community Land<br>Partnerships" (ie Community Land Trusts" which are members of a CLP<br>
alongside investors and occupiers, instead of leasing land to<br>tenants) gives rise to a flow of land rental value which may be<br>exchanged on local "clearing systems".<br><br>Why would anyone want to do this?<br>
<br>The answers are:<br>(a) the requirement for "Equity Release" - vast amounts of Capital<br>are tied up in land and property values - in the UK over �1 trillion<br>is held free of mortgage by individuals over 65;<br>
(b) the requirement for stable long-term revenue flows for pension<br>investment.<br><br>Non-toxic "Equity Release" investment using CLP's by pension funds in<br>the properties of pensioners constitutes, I believe, the mechanism<br>
through which the process of "Assetizing" money will begin.<br><br>Finally, I like "The Future of Money is No Money" but consider that<br>in fact what we will see is a Money which is no longer a Central Bank<br>
issued Object, but rather a Relationship.<br><br>One could add "The Future of Property is No Property" since Property,<br>too, is in fact a Relationship, not an Object.<br><br>Best Regards<br><br>Chris Cook</span></div>
</div>
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