Gympie Region Could Thrive, Council Can Make The Means of Exhange.

Gympie is suffering at present, the highest un-employment, shops are closing and every forth house is for sale. Many say its due to a shortage of money, the credit crunch, and quite rightly the Banks and Government get the blame. As we have huge natural resources, we have men & women willing to work, but nothing happens because of a shortage of money.

What is money? Money, is not a tangible wealth like food or guns, or gold, it is only a means of exchange. Four years ago when I was in Council, I proposed an idea so that the Council could create extra means of exchange which would have greatly assisted our local economy. Of course as we were out numbered around the Council table the proposal never received any publicity of public comment. Here is a hypothetical story to first explain what money is. (the item we are all most short of)…….…..

                   It is a slow day in Mary Street. The sun is beating down and the streets are deserted. Everyone running to the other side of the road to get in the shade. Times are tough, everybody is in debt, and everybody is living on credit.

On this particular day a rich Chinese tourist is driving through on his way to Brisbane, he stops at the local hotel and lays a $100 note on the desk, explaining to the hotel owner that he wants to inspect the rooms upstairs in order to pick one out to spend the night. The owner gives him some keys and, as soon as the Chinese tourist has walked upstairs, he grabs the $100 dollar note and runs next door to pay his debt to the butcher.

The butcher takes the $100 dollar note and runs down the street to repay his debt to a local pig farmer supplier. The pig farmer takes the $100 note and heads off to pay his bill at the supplier of feed and fuel. The guy at the Farmers’ Co-op takes the $100 note and runs to pay his drinks bill at the local tavern.

The landlord at the tavern drives out to his property where he has a drilling rig looking for Gold samples, without payment they were going to pack up and drive back to Western Australia he pays the contractor, who rushes back to the hotel and pays off room bill, with that same $100 note, so he is not evicted. The same hotel owner who has the Chinese tourist still inspecting his upstairs rooms.

The hotel proprietor then places the $100 dollar note back on the counter so the rich Chinese traveller will not suspect anything. At that moment the traveller comes down the stairs, picks up the $100 note, states that the rooms are not satisfactory, pockets the money, and leaves town. Next time he passes through, they may be able to sell him some gold, or export frozen pork to China……………..

The means of exchange cost nothing, Zero. It came and went, but everyone paid their bills, fed and produced there livestock, stocked the butchers shop, paid for the hotels pork sausages, and found free gold. The community is a happier and more prosperous place.

I proposed that Council should issue its own ‘means of exchange’, call it “Rate Redeemers” and to issue them with the rate notices free but accept them back as a credit for all Council services and rates. Many would never come back, but as the local area would be have massive growth and prosperity the Council loss income would be greatly increased.

Believe it, or not,  this principle has been used for hundreds of years and Government economists know well, that when they reduce taxation levels that the taxation revenue increases but taxation only exists to take out, the means of exchange and slow down the economy, they do not pay governments expenses with it as it, all goes to the Banks to pay the interest on the money that the governments have borrowed off the banks. Banks, no not take that tax and lend it out to others, they just cross it off, burn it. They create some more any time the government deserves it. If anyone has any questions please make comment below. Ron Owen