Margouillat (posts at ET) suggested the word "collectivities"--I like it; the community has to pull together but it is made of collectivities, including the singular collectivities....I dunno, the community pulling together--if it necessarily worked, wouldn't all communities necessarily pull together into one huge community?  the fault lines are where the collectivities meet--but okay, like a nation state is a community, global decisions should be decided by the global community, one vote each, and (I like this phrase) "certain deterministic systems have formal predictability limits" so keep those decisions where the unpredictability won't cause too much possible harm--thinking long term--

Great paragraph!

1 - 7, excellent.

Excellent!

Okay, money means I can close my hands over it, or have someone else protect it for me (by handing over some of the money?)  So....the money is a signifier for "I can come and take that", or "I can put it into my hand and close my fingers over it and no one can take it away."  So....it is a claim on human labour--it says, "Give me one of those (or, let me keep this), and I'll give you some money (I gave you some money for it.)"  So the protectors....of the money...and the makers of the commodities--are all working for...How about, though, if money is used as an abstract medium of exchange, given value in the various collectivities such that it can carry trust--because without an abstract means of exchange, every exchange becomes profound, but there are lots of exchanges to be had, and here the best (most efficient) exchange is to pass each other shiny objects which represent (are abstractions of) some fascinating conversations, maybe.  So, I give this person I've never met before some wine, and he or she gives me a shiny coin.  Tomorrow I take the shiny coin and give it to someone else for something that's not wine, and sooner or later that shiny coin (or it's equivalent) will be back with the person who gave it to me, given to him or her in return for something given by...getting rid of money doesn't change the power game, just different tools are used.  Today, debt money, yesterday, slaves, tomorrow, rations--okay...heh...great diary so far!

10 - 11 - 12, the US banking system--leads to

Isn't there something banks do even when they are handing out zero debt?  If the banks stopped offering out extra money right now, certain funds are nevertheless in accounts and can be transfered to other accounts--the transaction process continues, but the debt stops--and then there's all the work needed to pay off the debt (somehow--by getting those who have credit accounts to simply hand over the debt money directly proportional to how much credit money they have in their accounts--as there is more credit money than debt money in the system by a ratio of say five to one, then twenty five percent of all the money is the price of ending the debt system, and then the system (of the remaining money) is no longer a debt-based money system?

14 - The creation of debt money necessarily reduces the value of the money already in circulation?

15, 16 - Okay, of these people are all of them in the process of generating debt?  A business where the starting costs were labour and raw materials, both in good supply.  Then money is handed over for the products.  So the bank created that money without something to back it up, but now there is something to back it up--the product, and the money has (more) value.  Make more products, receive more money.  Now--that money isn't debt based; but it relies on the central bank not to devalue it (by e.g. creating lots of debt ;)--am I getting this at all right?).  But what if that money is used to buy forests, islands, machinery, govts.--such that if the money loses its value, certain transactions will stop but others will continue as before--supply lines that aren't made of (but some of which were bought with) money.

18, 19 - ...and this credit system has to live within a world which will always, potentially, contain a debit system--loan sharks and up; and different collectivities might use different forms of money, so there have to be exchange rates of some kind (for some transactions); if debt (from the receiver's end) is the money for tomorrow, what do I do if I have no money today?  The community will provide, but it doesn't seem to, or only begrudgingly, as little as possible--it (they -- the various communities) could clean the mess up now, even using the debt money, just place it where it's needed, it's a slight deflation of money's power, so....some people don't want that--they begrudge the constant erosion--but any money simply moves around the cycle--created on the back of human activity then passed out such that the human activity seeks its advantage--

20 - What I see is that there is a lot of money which could be put to productive use, write off the debts--and put the abstract value objects remaining into use as fluid--liquidity--I like Chris's idea of energy credits--call them renewable energy credits--freely exchangable for goods and services wherever renewable energy is generated--

Heh...if it's down to us to change govts, look who some italians just voted into power.  If I wants rights in the community, best start by finding the collectivities that offer me (at least to some extent--better than others) those rights.--

Hey, enjoyable read!

Don't fight forces, use them R. Buckminster Fuller.