The FDIC Illusion of Insured Bank Deposits.
The Federal Reserve and You Video Player - Philadelphia Fed. The Brixton Pound - Money that sticks to Brixton - B£ CurrencyFair - Peer to Peer Foreign Exchange | CurrencyFair. Unconditional Basic Income in a Capitalistic System. About Basic Income. About basic income | FAQs | History of Basic Income, Part One | History of Basic Income, Part Two Additional Information A basic income is an income unconditionally granted to all on an individual basis, without means test or work requirement. It is a form of minimum income guarantee that differs from those that now exist in various European countries in three important ways: it is being paid to individuals rather than households; it is paid irrespective of any income from other sources; it is paid without requiring the performance of any work or the willingness to accept a job if offered. The following FAQ's are based on Philippe Van Parijs's Background Paper to BIEN's 9th Congress in Berlin, Basic Income.
A simple and powerful idea for the 21st century. Click here to download Van Parijs's paper. How is Basic Income defined? See also: cash benefits, household-based Basic Income , income, regular instalments, uniform levels of benefit Basic Income in cash, rather than in-kind? Switzerland: An Initiative to Establish Basic Income for All. An initiative to establish a new federal law known as “For an unconditional basic income” [fr] was formally introduced in Switzerland in April. The idea, which consists quite simply of giving a monthly income to all citizens that is neither means-tested nor work-related, has generated commentary throughout the Swiss blogosphere. The Swiss referendum process is a system of direct democracy that enables citizens to call for legislative change at the federal or constitutional level.
If the initiative to introduce a basic income gathers more than 100,000 signatures before October 11, 2013, the Federal Assembly is required to look into it and can call a referendum if the initiative is judged to be credible. Swiss Francs by Flickr user Jim (CC BY-NC-SA 2.0). On his blog, Pascal Holenweg explains what it's all about [fr]: On his blog [fr], Fred Hubleur makes the point: Martouf sets out a number of arguments in favour of a basic income [fr], as illustrated here: Voilà, ça y est, vous l'avez.
4 Bitcoin-Newbies: What I have learned about BTC in 4 months. Bitcoin "Could Undermine Central Banks." Woo hoo! - Hit & Run. Freicoin: Bitcoin with demurrage • Index page. Ripple. Hawala. Hawala or Hewala (Arabic: حِوالة, meaning transfer), also known as hundi, is an informal value transfer system based on the performance and honour of a huge network of money brokers, primarily located in the Middle East, North Africa, the Horn of Africa, and the Indian subcontinent, operating outside of, or parallel to, traditional banking, financial channels, and remittance systems.
Origins[edit] Hawala is believed to have arisen in the financing of long-distance trade around the emerging capital trade centers in the early medieval period. In South Asia, it appears to have developed into a fully-fledged money market instrument, which was only gradually replaced by the instruments of the formal banking system in the first half of the 20th century. Today, hawala is probably used mostly for migrant workers' remittances to their countries of origin. How hawala works[edit] In the most basic variant of the hawala system, money is transferred via a network of hawala brokers, or hawaladars.