Basic Income Club

A secure world without poverty is just possible with a free basic income.

A free basic income to all people worldwide has the following benefits:
• Elimination of poverty, resulting in no more existential fears;
• Elimination of survival crimes, people are no longer forced into criminality, therefore there will be more security on the street and at home;
• Elimination of illnesses caused by poverty, which are even more disastrous when health care isn't affordable;
• Elimination of lowest wages, people aren not forced anymore to do any job for any wage;
• To halt the over-populating, children are not needed anymore for life insurance;
• At the same amount worldwide: Elimination of economic refugees, wherever you live you receive the same basic income;
If we want a secure world without poverty a free basic income is essential. And it is very important that it is the same amount worldwide.

Unfortunately governments cannot afford this in the current financial system, the interest debt money system in which money is created through interest-demanding debt. This would lead to ever-increasing debt and ultimately to national bankruptcy.

In the past, slaves, roughly 30-40% of the population, had to work for others without pay.
Anyone who thinks slavery is a thing of the past is sorely mistaken. It is much worse today, just cleverly disguised:
Approximately 90% of the population is forced by the established interest-based system to pay about half of their own income for the interest component embedded in all products and services, which ultimately flows to the lenders — the banks and large investors.
People are thus forced to work half their time for others who provide nothing in return but only possess money that miraculously multiplies.

The consequences for society:
Housing costs are, on average, 50% higher than they should be compared to a society without interest, due to the interest factored into prices. The interest component of rents is 60 to 80%!
The total average interest component in prices is 40-50%.
For example, someone who spends 1000 has unknowingly paid 500 in hidden interest.

A free basic income therefore only makes sense in an interest-free society, because otherwise 50% of the basic income would go to the wealthy.

• Bitcoin, and those like it can be implemented by mining, which does require a lot of real resources.
• A self-enrichment by its founders is usual.
• There are many snowball systems: meaning limited creation, and the rising demand to inflate the prices. Again and again, a bubble will form and burst one day!
• Exchange traded cypto-currencies are part of the financial casino. When we want to get rid of the old systems we must not participate at the financial casino.
• Anonymous transactions can be used for criminal activities.
• Transfers can get lost, the coins can be stolen by hackers.
• They are not linked to a tax system, governments may fight or prohibit them.
• The value of the crypto-currencies is how much people are willing to pay for it. If people don't buy them anymore they are worthless.
However they can be an alternative temporary during the times of the coming hyperinflation of the interest debt money currencies.

• Alternative money systems, from the people for the people!
• Money creation by payments, for example a free weekly basic income to all participants.
• Money elimination by transfer contributions, demurrage charges or inflation.
• Decentralized: In cooperation with the municipalities (basic income payments to all residents), payment records should only be available locally.

Advantages compared to the present system • Automatic basic income for all - no applications for social payments anymore if existing at all;
• No inflation anymore - system-related rising of the prices and wages is past.
• Value saving of income from work (no inflation, no demurrage charge), pensions based on worked hours.
• Interest-free financing of the municipalities, they can employ anybody who wants to work. Own production of cheap organic food then is possible.
• Interest-free financing of home ownerschip, automatic reductions of the home loan amount (by demurrage), no mortgage needed anymore.
• Negative balances at international transfers are not possible anymore, so no debt creation and interest payments because of that needed anymore.
• No private profit-taking at the system, no system-related money moves from the people to the rich anymore.