https://sv.bab.la/lexikon/svensk-engelsk/g%C3%A5-f%C3%B6re

these are the slides from the Concept presentation for the Lagom & Förres Federated currency. The currency is inspired by the hansiatic League.
https://mises.org/wire/trade-good-gold%E2%80%94or-how-hanseatic-league-thrived-without-debt

Mind and Monetary Arrangements: A Method to Assess Monetary
Heuristics in Historical Time
Thomas Marmefelt
University of Södertörn, Department of Social Sciences, SE-141 89 Huddinge, Sweden
Phone: +46 8 608 41 15, Fax: +46 8 608 40 30, E-mail: thomas.marmefelt@sh.se
Åbo Akademi University, Åbo/Turku, Finland
Abstract
In order to theoretically analyze, from the perspective of new monetary economics and social
learning, the evolution of monetary arrangements with functional separation of money, this
paper develops a method to study this phenomenon in the history of monetary arrangements
of the North and Baltic Seas region, from the Hanseatic League onwards. The aim is to do
historical economics, analyzing history from the perspective of the economic theorist, while
the approach is topic-oriented rather than discipline-oriented, involving economics, history,
and cognitive science. The focus will be on the cognitive aspect of money as social institution.
This implies multiple methods. The evolution of units of account and media of exchange are
adaptive responses by human minds. The focus will be on the heuristics of long-distance
traders in the Baltic and North Seas region, expressed in the form of units of account and
media of exchange they used and their success in the contemporary trading environments.
Lessons for monetary separation with an abstract unit of account compared with one based on
a commodity bundle will be developed. This involves the identification of the unit of account
in which contracts and calculations were made and what media of exchange were used to
make the payments. From a cognitive perspective, the medium of account provides a script
that translates the unit of account into a particular worth. When the value of the underlying
commodity bundle changes from the original worth, market agents observe a script deviation
of that bundle, attributing that to changes in the commodity space, and adjust the bundle
accordingly. This method will be developed to be able to study four historical cases:
Hanseatic monetary arrangements, seventeenth century banking, the gold standard and the
unification of monetary functions and nineteenth century monetary unions, and interwar
monetary fragmentation.
Keywords: emergent money, liquidity, monetary arrangements, value of money, social
learning, monetary history, North and Baltic Seas region
⨊Före(s) = Store Of Value; Federated Mutual Savings Bonds.⨋Lagom(s)= programmable and Customisable Means of Exchange´´Mutual Blockchain Federated credit Union´´
´´Federated Programmable Complementary Means of Exchange Currency´´
´´Federated Mutual general retirement and insurance fund’’, 
Gå före tillsammans ⨊GåFöre(O⨋)The FederatedMutualSociety.⨊Före(s)And⨋Lagom(s) Putting the Complementary into Crypto Currencies!.

Gå före tillsammans ⨊Före(s)

⨊Före(s)And⨋Lagom(s) Putting the Complementary into Crypto Currencies!.

DASH:

https://www.youtube.com/watch?v=OhI3YrVRiUE  Daniel Diaz, Dash business developer, shares the network’s latest announcement regarding the prioritization of block rewards to fund fiat gateways. Partners for gateways include Deginner, CryptoCapital, & Coinapult.

Dash homepage: http://dash.org
Fiat gateway budgetary plans: https://dashtalk.org/threads/prioriti…
Deginner: http://deginner.com
Coinapult: http://coinapult.com
CryptoCapital: http://cryptocapital.co

BITCOIN DARK;

http://bitcoindark.com

From Darkcoin manifesto.

Key currencies.

‘’Volatility has characterised most cryptocurrencies to date, compromising what would otherwise be a desperately needed store of value. BitcoinDark will enable users to ‘lock’ funds against real-world currencies, commodities and stock indices, redeeming them for their value in BTCD at a later time. Together with its realtime exchange, this will enable users to trade effectively and manage their own accounts and portfolios of investments, entirely outside of the existing financial system’’.

On the point about Financial services offered and not functioning soley as a currency that is exactly the point ABC . The differentiation to gain traction and add value in a democratic market place as opposed to apeing the existing monopoly practices in the industry is the key. Essentially what I see emerging as the opportunity here is to take the Blockchain and Ethereum platforms , to program financial services functionality into a debt free decentralised complimentary currency. 

⨊Före(s)

A massive amount of financial services innovation has gone into non productive Algo trading and derivatives Contracts. Speculations on money as a store of value and completely ignoring the means of Exchange. ( Thats what the Quote from Cruet’s money Syndrome of the Deutsche Bank CEOs is seeking demonstrate in my earlier e mail. https://realcurrencies.files.wordpress.com/2012/01/monsyndrome_ch-7-18-21-22-1.pdf

Look at the Dark Coin Exchange here. https://poloniex.com/exchange#btc_btcd  This is merely apeing all the worse features of Casino Capitalism and is antithetical to Complementary currencies supporting real commerce and acting as a means of exchange rather than focusing on a store of value and speculation on spreads on future value ratios.

​

 This famous cartoon shows The Golden Tail ( Store of Value) wagging the Silver ( Means of Exchange Dog ) it is from 1896 at the time of the famous William Jennings Bryant Cross of Gold Speech. One point which can not go unconsidered is the point that Atom bank make but don’t back up as far as I can gather, and that is that Block chain technology gives parties who wish to contract to exchange the opportunity to bypass banking intermediation or any other intermediation , effectively every transaction potentially has its own private bank as a special purpose vehicle. If this negates traditional bank intermediation services and Bankings monopoly to Originate money through credit, is also gone. Are we looking at the famous African Blue Bank, is it deceased , has it ceased to be and gone to meet its maker?

Time for an out of the Box moment. We are not doing Banking but we are re inventing The Mutual Credit Society, and / Or Building Society. We are also removing Usury and Speculation from the model as well, Both WIR and JAK have done that and it is a clearly successful model. We need to look at the cooperative finance services offered by Mondragon Corporation as well, they have a cooperative structure but otherwise do everything on a full finkncialised Capitalist basis, contrasting the three models and abstracting into what we are proposing 

1.a ´´Mutual Blockchain Federated credit Union´´ And

2. a ´´Federated Programmable Complementary Means of Exchange Currency´´ and 

also our own version of the Dash ‘’Fiat Gateway´and Dark Coin manifesto commitment to; ‘’BitcoinDark will enable users to ‘lock’ funds against real-world currencies’’’ We need to develop the concept of Store of Value as a secure path to savings ( not hoarding or speculation’’ Our store of Value would be based along the lines of

3. a ´´Mutual general retirement and insurance fund’’, 

if one looks at the current Financial Landscape and adopt the 180 degrees mirror opposite approach essentially that is what a financial services institution designed for the customer would look like. It is both sad , shocking & remarkable but, non the less true.

Zeitvorsoge

A good example of using a community currency to facilitate co-production of public services is the ‘Zeitvorsoge’ – literally ‘time- provision’ – initiative, launched and financed by the City of St. Gallen, Switzerland. Its main objective is to allow retired but generally fit senior citizens to save time-credits through helping those in need of basic care. Several local elderly-care organisations provide volunteers with opportunities to earn time-credits. The city itself acts as guarantor, ensuring that credits can be redeemed at any date in the future for similar care services if and when the earner requires them, either through the elderly-care organisations or peer-to-peer. This puts people in charge of their own care, allowing them to define and meet their own needs – crucially, however, with the professional and financial support of public institutions. p.47 People Powered Money. 

We are looking for a store of value that would send an actuary to sleep effectively.
Some Notions to Conjure With.

⨊Före(s) = Store Of Value; Federated Mutual Savings Bonds.⨋Lagom(s)= programmable and Customisable Means of Exchange´´Mutual Blockchain Federated credit Union´´
´´Federated Programmable Complementary Means of Exchange Currency´´
´´Federated Mutual general retirement and insurance fund’’, 
Gå före tillsammans ⨊GåFöre(O⨋)The FederatedMutualSociety.⨊Före(s)And⨋Lagom(s) Putting the Complementary into Crypto Currencies!.

Its been a patchy week for me trying to pull together the very wide and disparate elements of a proposal along these lines. A few days more mulling over the People Powered Money Book and following up in more depth on the Examples it offers will help I think to provide a sketched framework within which we can identify a starting point or Pilot area and project.

​⨊GåFöre(O⨋)The FedratedMutualSociety.

Lets chat through further thoughts and comments over this weekend. Happy Birthday to Angela for yesterday.

Rog

⨊ GåFöre(O⨋). 
The FederatedMutualSociety.

On Sat, Apr 2, 2016 at 12:49 AM, Andrew Boyett-Camp <abc121@me.com> wrote:

Hi Roger,

Very interesting what this guy was saying on Fox. A repeat of my last email even? (OFW’s, traditional banks not being innovative due to legacy systems, opportunities for financial services etc.)

Although he didn’t state it categorically, he also ‘implied’ that the Blockchain infrastructure is the key – even with +500 crypto currencies in the mix, most won’t gain any traction.

As stated in my last email. Western Union is buggered!

A WIR/Atom bank type setup (with a bias toward ‘community spirited finance’) and based on Blockchain technology, I personally feel provides much more scope than a currency alone.

I do conceded that one very dangerous area is home loans/mortgages, as without strict lending criteria, P2P type home loans is just another bad debt crisis waiting to happen…

His launch of a crypto currency ETF was a no-brained really. iShares & Vanguard are sure to follow suit. The ability for investors to gain exposure to a broad basket of crypto currencies is a punt. He of course did say that Bitcoin itself will either be worth a lot more than it is now – or it will be worth zero!

Andrew Boyett-Camp

On 1 Apr 2016, at 20:40, Roger Lewis <rogerglewis13@gmail.com> wrote:

MISES WIRE

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Home | Wire | Trade as Good as Gold—or, How the Hanseatic League Thrived without Debt

Trade as Good as Gold—or, How the Hanseatic League Thrived without Debt

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TAGS Free MarketsWorld History

10/16/2014Carmen Elena Dorobăț

We’re often told that international trade thrives on debt. In an especially risky line of business, financial intermediation, with its loans and guarantees, is the indispensable infrastructure for the progress of commerce. Perhaps entrepreneurs wouldn’t even consider selling goods to foreigners if it weren’t for banks and credit markets to finance them. Naturally, if and when markets fail in this role, Ex-Im Banks and other government intervention must provide ‘extra liquidity’ for trade.

While this string of non-sequiturs sweeps economists of all stripes, international trade—or better yet, trade in general—is better off not ‘banking on’ such helping hands. Without doubt, loans have their economic role, but retained earnings, equity, or simply cash-hoarding can be just as effective in transferring purchasing power to entrepreneurs. In fact, international trade thrived in times when banking and financial systems were not only in their in their infancy, but also when oceanic trade was dangerous and expensive.  Nonetheless, it began as a self-financed venture, a venture for which merchants themselves set money aside. The Hanseatic League (c. 13th to 17th century)—a commercial association of traders from German towns—is a good example of this type of financial behavior.