Clive Boustred says the future can be different; that we can get rid of the Federal Reserve Bank, displacing it with a new system that puts people in control of their money and lives It is hard to believe, but he has the credentials to be taken seriously
Clive Boustred has an impressive resume that includes nearly twenty years of providing consulting strategy for many of the high tech companies that are creating the world in which we now live. That experience built the corporate strategies of such companies as Sun Microsystems and Intuit. The core of his experience is in high tech, edge banking systems. Boustred's solution to the problem Americans face economically is CopperCards Bank. According to Boustred, the CopperCards Bank does not generate money, as we know it. It does not charge you for every transaction. It does not use fractional reserve banking. Instead, it simply enables trade using the heretofore untapped potentials of computers, encryption, and the Internet.
We all know that if we all took our money out the bank would not have enough to meet its demands. That is what a 'run on the bank' means; it is the result of fractional reserve banking. With the bank Boustred has designed the money you put in the bank stays there, waiting for you, he says. It does not visit anyone and is not rented out without your knowledge, as is true with the bank down the street. Boustred explains that CopperCards Bank is not banking, as we have known it, but a system that eliminates currency as the means for conducting transactions. People can use gold and silver coins; anything, according to Boustred, can be traded through CopperCards Bank. No fees are charged, loans on assets, such as your car or home, are made without charging interest at no cost to you. Boustred's system would eliminate the costs of making transactions. It will sit on your desk or in your purse, waiting for when you need it.
Today, many Americans seek relief for the problems created through fractional reserve banking and the FED. Many are looking seriously for solutions. More people every day can tell you who owns the FED and why a solution is necessary. At the same time, those entrusted with government, for instance Congress, continue to ignore the problem. Which leaves Americans at a stand still.
Such solutions as that started by Bernard von NotHaus's Liberty Dollar have proven to be problematical. The company issued minted gold and silver currency, valued for collection and as a way to hold precious metal against inflation. In the von NotHaus case, while tens of thousands in coin and metal were seized by the Federal government, no arrest or charges were made; the holdings of gold and coins confiscated are being held with no explanation. Asked if his system was legal Boustred replied that it certainly is. Displacing a system with something better, like the car replacing the horse and buggy, annoys the blacksmiths but it is perfectly legal. Also, there is nothing to seize. All transactions are recorded off shore.
Interviewed for this article Boustred said, “If not for the Federal Reserve and government Americans would have had this system as the natural extension of the computer and Internet long since.” Boustred then explained that we have seen the technology moving in this direction without understanding what was going on. Citing such innovations in trading as Ebay and Craig's List, Boustred pointed out that these are actually trading systems and since they charge small amounts are wildly profitable because of the high volume. That makes these sites a little like today's banks, but better than selling or trading using traditional means.
The CopperCards Bank extension of this is to see the 'bank' just as a point for trading. Anything can be traded. You pay in dollars, which are traded for 'coppers' the internal unit for marking value, to buy Swiss Francs; your old stamp album, converted into coppers, by placing it for sale, is paid out in Euros to buy lodging in Hawaii. Ten hours of your time spent building a rocking chair becomes coppers which instantaneously are paid out to buy transport into the Alps. Anything, effectively, becomes money when viewed this way.
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