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BSOSCBlog.com • View topic - Necessity and Plans For ICE

Necessity and Plans For ICE

Necessity and Plans For ICE

Postby jpf1030 » Tue Feb 09, 2010 3:59 am

We feel it extremely important to set up an alternative intentional community economic system to have a method of exchange in place before any potential collapse in the current runaway fiat money system. Barter will most likely be the most common method of exchange, but we have learned there is much more than setting up barter to set up a local economic system. We give a great deal of thanks to our new found knowledge of this area to Thomas Greco, author of The End of Money and The Future of Civilization. Not only has this book edified us immensely, but we have now been blessed through the internet to meet Tom Greco, whom we now value as a friend and confidant in our efforts. Tom taught us the important principle of establishing a valuation system as a first step.

After much discussion with our Task Force #7-ICE, co-chairman, Greg Dahl, we have come up with a good starting point for a valuation system. We reminisced about our teen years in the 60's when a dime would buy a loaf of bread and a quarter would buy a gallon of gas, which the same silver dime will still purchase a loaf of bread and silver quarter buy the same gallon of gas. We also reflected on the historical fact that a one oz. gold coin would buy a nice man's suit in the days of Nebuchadnezzar thousands of years ago and the same one oz. gold coin will still buy a nice man's suit today. This all goes to show that the purchasing power of real money has not really changed much at all through history for most all commodities.

We therefore decided to get some old pricing guides from recorded time for mankind through 1964, the last year of US 90% silver coins. Greg has ordered old Sears catalogs and will do internet research on historical pricing to develop a general database of the real money value of products. Once we have compiled the data, we can take averages for determining the purchasing power of specific units of silver and gold currency over time. Obviously, most consumable goods we all purchase today will have purchase cost designated in silver coins. This will give a fairly indisputable valuation system upon which to move through the next steps of a means of exchange, barter system and local credit clearing system.

Task Force #7- ICE will be the host of the first meeting of April on the 2nd Saturday under the direction of co-chairmen, Greg Dahl and George Karpati. I'm really excited for that meeting as Greg and George will be presenting some fantastic info that will be of great value to all of us in knowing our local economic system is coming together to establish fair market trade among all of us...Jim
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