Tuesday, March 28, 2017

The Guernsey Experiment: Is It an Effective Solution for Eliminating Debt Slavery?

(Pao ChangThanks to Stephen for telling me about the Guernsey Experiment.

The Guernsey Experiment was a financial experiment done by the States of Guernsey in the early 1800s to raise fund for improving the public market and reducing the debt of Guernsey. Instead of borrowing money from private banks, the Committee proposed that the States of Guernsey issued their own paper money to finance government projects. After a few years of implementing the Guernsey Experiment, the economy of Guernsey improved significantly, allowing the people to live in prosperity.

Related Where Does Money Come From? - The Fraud of Bank Credit | Do you own a home? A car? Do you have a credit card or a student loan?

Source - Omnithought

by Pao Chang, March 23rd, 2017

Here is an introduction about what the Guernsey Experiment from MONNETA.org:
After the Napoleonic Wars, Guernsey was in dire straits. Roads being washed away by the sea desperately needed repairing. Unemployment and poverty were high. The main town of St. Peter Port desperately needed a building for its market traders who had to stand outside in all weathers.

Private banks were charging high interest rates for loans to the island’s government. The far-sighted Governor of the island decided to bypass the banks and issue interest-free currency to pay workers to do the necessary public works. The islanders keenly accepted the notes, which circulated freely. Once the new market hall was built, the market traders paid rent in the new currency which went back to the government to pay off the debt created by issuing the original notes. By 1837, States Notes to the value of £55,000 were in circulation on the island. Many public works were accomplished, including building a new college and new schools. No interest had to be repaid and the debt was always retired when notes came back to the government and were destroyed.

This historical case study shows that any local government theoretically has the power to issue its own currency without incurring interest or debt or being made dependent on Private Finance Initiatives that burden future generations.
The Guernsey Experiment is not the best financial solution for freeing the people from debt slavery. However, it is much better than the current fractional reserve banking system, because it allows states to create their own notes and is against private central banks.

Below is a pamphlet written by Olive and Jan Grubiak about the Guernsey Experiment. If you have problem viewing the pamphlet, click on this link to go directly to the PDF file.

The Guernsey Experiment

Stillness in the Storm Editor's note: Did you find a spelling error or grammar mistake? Do you think this article needs a correction or update? Or do you just have some feedback? Send us an email at sitsshow@gmail.com with the error, headline and urlThank you for reading.

Question -- What is the goal of this website? Why do we share different sources of information that sometimes conflicts or might even be considered disinformation? 
Answer -- The primary goal of Stillness in the Storm is to help all people become better truth-seekers in a real-time boots-on-the-ground fashion. This is for the purpose of learning to think critically, discovering the truth from within—not just believing things blindly because it came from an "authority" or credible source. Instead of telling you what the truth is, we share information from many sources so that you can discern it for yourself. We focus on teaching you the tools to become your own authority on the truth, gaining self-mastery, sovereignty, and freedom in the process. We want each of you to become your own leaders and masters of personal discernment, and as such, all information should be vetted, analyzed and discerned at a personal level. We also encourage you to discuss your thoughts in the comments section of this site to engage in a group discernment process. 

"It is the mark of an educated mind to be able to entertain a thought without accepting it." – Aristotle

The opinions expressed in this article do not necessarily reflect the views of Stillness in the Storm, the authors who contribute to it, or those who follow it. 

View and Share our Images
Curious about Stillness in the Storm? 
See our About this blog - Contact Us page.

If it was not for the gallant support of readers, we could not devote so much energy into continuing this blog. We greatly appreciate any support you provide!

We hope you benefit from this not-for-profit site 

It takes hours of work every day to maintain, write, edit, research, illustrate and publish this blog. We have been greatly empowered by our search for the truth, and the work of other researchers. We hope our efforts 
to give back, with this website, helps others in gaining 
knowledge, liberation and empowerment.

"There are only two mistakes one can make along the road to truth; 
not going all the way, and not starting." — Buddha

If you find our work of value, consider making a Contribution.
This website is supported by readers like you. 

[Click on Image below to Contribute]

No comments :

Post a Comment

SITS blog is a venue where Data we come across can be shared with all of you. If we look past personal bias, and distill the Absolute Data within each post, our natural intuition will assemble these nuggets together and reveal a greater truth.

We do not know what that truth is yet of course. We are discovering that together as a whole by sharing and discussing our unique perspective. Share your thoughts and we will all come to a greater understanding as one.

Support Stillness in the Storm