hi Thomas ,<br><br>I know you dealt with the fraud issue regarding compl. currencies,<br><br>do you have any reference? (and from o-hers)<br><br>Michel<br><br><br><br><div class="gmail_quote">On Fri, Nov 11, 2011 at 12:55 PM, <span dir="ltr"><<a href="mailto:ideasinc@ee.net">ideasinc@ee.net</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;">Bill Black is a extraordinary speaker, imo, clear, direct, empirical, and<br>
intelligent. In that he holds a dual posting at the University of Missouri<br>
at Kansas City in both the Law School and in the Economics Department is<br>
not an accident. His pursuit of the dysfunctionals of the banking sector,<br>
both as a regulator and as a professor is part of the reform in MMT<br>
monetary reform and the regulation of the dys-functional as per Functional<br>
Finance.<br>
<br>
In this context I have yet to see anyone anywhere promoting the lesser<br>
forms of community currencies and exchanges, which I will not list here,<br>
in all the possible breathlessness applied in promoting these "community<br>
alternatives" I have yet to see even a single clause recognizing the<br>
massive potential for fraud within the nominal "alternative" �category.<br>
There simply are no standards whatsoever relative to transparency or<br>
accountability. This is the Ronald Reagan/Margaret Thatcher version of<br>
opening access to fraud under the pretense of higher principles, TINA. It<br>
seems that this is an "alternative" version of a TINA assertion, presented<br>
as a recitation of various mantras as "community, " "Free!,"<br>
ALTERNATIVE," �and then multiple attempts to compartmentalize the<br>
perpetration of fraud.<br>
<br>
<br>
As I referenced way earlier The US had a period of monetary history which<br>
became known as the "Free Banking" era. By most measures it was a major<br>
fiscal disaster, levels of fraud had not been exceeded from that era up<br>
until the late 1980'a and the beginnning of the US Savings and Loan crisis<br>
which Black was a lead prosecutor<br>
<br>
Tadit<br>
.<br>
<br>
<a href="http://www.youtube.com/watch?feature=player_embedded&v=N_AuvLTJNh0" target="_blank">http://www.youtube.com/watch?feature=player_embedded&v=N_AuvLTJNh0</a><br>
<br>
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