Real Money Full Reserve Banking

Thanks for the link.  http://www.positivemoney.org.uk/ is  the British counterpart of our own organizations that are proposing 100% real money to replace our 100% debt money private banking system.  I had not looked at the site for some time and I'm pleased to see that good logical thinking is not exclusive to the USA just like science is not exclusive to the USA.

A couple of weeks ago I was overjoyed to find the IMF paper on Full Reserve Banking (100% real money).  It is an excellent  presentation of the idea as well as the method to transition from fractional reserve banking to full reserve banking.  That is what has to change to make possible my concept of uniquely serializing every single digital dollar and having the name of the financial entity (person if all corporations are in fact persons) owning/possessing the dollar change from the old owner to the new owner as money is used as a medium of exchange.

The IMF Paper is a restatement of the Chicago Plan devised to resolve the banking problems of the Depression.  Unfortunately, not implemented then although the total plan was a "go nuclear" threat to the banking system that forced them to accept some controls.  The repeal of those controls as well as lack of enforcement is what caused our current recession and economic problems.

An excellent plan then, an excellent plan now and now we have the technology in computer systems to implement it.

IMF Paper:  http://www.fullreservebanking.com/

Wikipedia description of full reserve banking:  http://en.wikipedia.org/wiki/Full-reserve_banking

Kucinich's plan is fundamentally a real money banking system:  http://www.monetary.org/

100% real money means that once money is created it never really goes out of existence, it lives forever.  It might be pulled out of circulation for various control reasons and  more can be made as necessary.  The total amount is finite but in sufficient abundance to do what money does.  It is obvious that every single unit must therefore be identified for control. If that is done then the unit of money becomes the real dominant record in the money system, not the account of the holder in which and aggregate amount of money resides although that account will always be the apparent dominant record of the money system to the the owner of the money.  Just like you view Dancing with the Stars a a program you like but essentially it is a collection of ones and zeros in a technology system that brings the program to you.  You do not care about that but that is the foundation of the system.  That system changed for analog transmission to digital transmission recently.  A big change in the nature of delivery but little impact on most viewers.