Re-Inventing the Wheel

Since stating this journey into looking at what money is and drawing myself some kind of picture of it, I have known that I would discover along the way that it had already been done.  Over and over.

The last crises where the banking system substantially changed was the Great Depression.  In the process of searching the web I found this.  It was published in 1936.  It is long, difficult to read but in it I find that I must be channeling some of the essential ideas.

This is a quote from Valun Monographs and Discourses

The perversion of capitalism springs from the: debt-media or finance system whereby those who have followed the natural and virtuous impulses of production and gain, are robbed of their produce in the exchange process. Such injustice is the mis­carriage and not the natural delivery of capitalism and the aborter is financism. Financism or debt money is the pirate of capitalism, preying in all the trade lanes, robbing any who undertake to move values in exchange. It is said that the Roths­childs created the international credit system to avoid the haz­ards from pirates in transporting gold. Commentators have not realized that in thus thwarting highway robbers, the bankers created a new form of banditry that robs by the unseen hand.

Separating Financism from Capitalism is a worthy thought. There are many others in it that I will add as I study the document.

Same ideas.  What is different is the nature of expression and the means of communication today.  Things that were not possible then.  The language used is couple generations removed from today's narrative expression.  Object Oriented expression methodologies did not exist then.  Just nouns verbs and the rules. of grammar.