by Morley Evans
If the economic system collapses, as it did in 1929 and there is no drought or war, all the physical assets of the world will still exist; all the water to drink will still be there; all the air to breath will still be there; all the food to eat will still be there; all the houses to live in will still be there; all the factories with all the machinery to produce goods will still be there; all the coal, gas and oil to burn will still be there; all the creative genius of eight billion minds will still be there. Everything will still be there. So what will be missing? Money. But money is only a means to facilitate trade between individuals and groups of individuals. If "A" pays "B" with money for a dozen eggs, "B" will accept money from "A" if he believes "C" will accept money for the milk "B" wants to buy from "C" and so ad infinitum. Money avoids the problem of barter called the double coincidence of wants. Necessity will induce people to overcome the inconvenience of barter and a means of exchange will quickly develop and improve if the current system of money collapses. The big losers if the current system of money collapses will be the financiers who run the current system of money and who caused it to collapse. If the current system of money collapses, it will not be the end of the world. It will only be the end of their world.
What is Riba? http://en.wikipedia.org/wiki/Riba
Was there money before central banking monopolized money? Here's one example:
Was there peace and order before governments monopolized peace and order? More on that next time.