Betting on horses, the 1932 Worgl Austria Local Money Experiment and preventing Bear Market?

[DennisPTate]

Orthodox Jewish scholar and historian Mr. Yair Davidiy asserts that you English are the long lost relatives of the Jewish people. He seems to believe that you are significantly descended from groups from the lost Tribes of Ephrayim and Menasseh, the two sons of Joseph.

I was introduced to this idea back in the 1970's when I was a teenager but the Yair Davidiy research is worded in a much better manner. If he is correct then you English are destined to play a critical role in a transition over to a totally different world economy that was shown to former Atheist and near death experiencer Howard Storm, during his 1985 brush with death.

According to the Beings of Light who mentored Howard Storm, it will take you about another hundred and fifty years to set in motion this massive shift in the world spiritual environment and economy.

[Howard Storm]:

5. The Future of the U.S. and the World​

....
The image of the future that they gave me then, and it was their image, not one that I created, surprised me. My image had previously been sort of like Star Wars, where everything was space age, plastics, and technology.

The future that they showed me was almost no technology at all. What everybody, absolutely everybody, in this euphoric future spent most of their time doing was raising children. The chief concern of people was children, and everybody considered children to be the most precious commodity in the world.

And when a person became an adult, there was no sense of anxiety, nor hatred, nor competition.

There was this enormous sense of trust and mutual respect. If a person, in this view of the future, became disturbed, then the community of people all cared about the disturbed person falling away from the harmony of the group. Spiritually, through prayer and love, the others would elevate the afflicted person.

What people did with the rest of their time was that they gardened, with almost no physical effort. They showed me that plants, with prayer, would produce huge fruits and vegetables.

People, in unison, could control the climate of the planet through prayer. Everybody would work with mutual trust and the people would call the rain, when needed, and the sun to shine.

Animals lived with people, in harmony.

[Howard Storm]

Howard Storm's Near-Death Experience - Near-Death Experiences and the Afterlife

Near-Death Experiences and the Afterlife profiles Howard Storm's Near-Death Experience . Did you enjoy reading this post, we have more!

near-death.com

In 1932 Yale professor of economics heard about an economic miracle taking place in Worgl, Austria, so he went there to see what was happening with his own eyes. Basically he saw a community that created its own local currency and the city of Worgl, was experiencing an economic boom while the rest of the world was in a Great Depression.

Here in Canada Calgary Dollars are a modern example of this basic idea.

www.CalgaryDollars.ca/

[The Truth About Money: The Money SystemIsnt There a Better Way?
by Francis and Lia Ayley] :

"City in Austria Printed Local Currency
Worgl, like many other European towns and cities, was hit hard by the Great Depression. There was mass unemployment; four of the five local factories had closed, and the people were starving in the streets. Nobody had any money to buy anything. One of the features of an economic depression is that there is not enough money in circulation to ensure that people can meet their basic needs, and in the 1930s, the shortage of currency in many countries of the world became catastrophic.

The mayor of Worgl, together with local businessmen, decided to try to break this economic impasse by creating their own local currency. They printed and issued 60,000 Austrian shillings worth of local currency. These shillings could only be spent in Worgl, so they remained in the local community and were exchanged over and over again.

The positive impact was immediate and surprising to everyone. In only six weeks, unemployment disappeared, all the factories had reopened and everyone had food. For the inhabitants of Worgl, the economic depression was gone. This dramatic transformation became known as the “miracle of Worgl.” Surrounding towns, inspired by the success of Worgl, immediately started printing their own local currencies.

Sadly, the miracle did not last long. When the Austrian Central Bank heard about Worgl’s local currency, they initiated legal proceedings against the mayor and local businessmen. According to Austrian banking law, it was illegal for anyone except the Austrian Central Bank to issue money. The bank won the court case, and the mayor was ordered to shut down the local currency, which he did, under threat of imprisonment. The town then returned to the devastating economic depression of the 1930s, with all the human pain and suffering associated with this catastrophe. Factories closed, and once again, the people starved.

Alternative Currency in the U.S.
Irving Fisher, an American professor of economics at Yale University, visited Worgl before the local currency was suppressed and witnessed the ‘miracle’ firsthand. When he returned to the United States, Fisher spread the word by traveling and lecturing across the country, advocating the use of the Worgl ‘scrip’ everywhere. Inspired by his vision, hundreds of communities began issuing their own currency, and by 1934 there were over 1,000 local communities using ‘scrip’ throughout the U.S.

Every one of these communities experienced a tremendous rejuvenation of their local economies. They thrived while others suffered. Fisher then met with President Franklin D. Roosevelt, proposing the implementation of government-sanctioned local ‘scrip’ in every community in America. When FDR consulted with his top financial advisors and bankers, however, he was advised to shut all the ‘scrip’ systems down, which he did. Instead, he borrowed large amounts of money from bankers, at interest, and used it to pay for the Reconstruction Finance Corporation and the other work-creation projects, which collectively came to be known as the ‘New Deal.’ So ended the last widespread use of a local currency within the U.S.

This pattern of economic collapse and re-emergence of local currencies has occurred thousands of times in many parts of the world. When these currencies have failed or have been suppressed, banks have not always been to blame. Sometimes, local currencies fail because they have been badly designed or implemented. Sometimes, people lose interest in them when the mainstream economy recovers. But they have always returned in one form or another during times of economic failure.

Our present world situation is uniquely different. Despite a relatively prosperous and stable world economy, a quiet monetary revolution has been occurring around the globe over the last 20 years. Awareness is growing about the flaws in our current monetary system, and people are re-creating viable alternatives. We are witnessing for the first time the worldwide creation of money systems designed by the people who use them, instead of by central banks.

Time Dollars in Whatcom County"

[ The Truth About Money: The Money SystemIsnt There a Better Way?
by Francis and Lia Ayley}

In Calgary as well as in Ithaca New York modern examples of these local currencies have been used to partly finance a part of the economy where people are more willing to accept a local currency. Website developers and programmers often accept Calgary Dollars to build up their portfolio. Using them to raise money for charities through betting on horses would seem to be a logical option.

 

[Ian_Davies]

And people think I'm off my trolley.

I'm starting to think I set the standards for sanity around here.

 

[DennisPTate]

And people think I'm off my trolley.

I'm starting to think I set the standards for sanity around here.

Indeed, my brain chemical mix is probably somewhere in the bottom ten percent of the population, [or perhaps in the top ten percent if you share my general world view]?

I am definitely not your middle of the road kind of person!