{"id":4165,"date":"2015-04-23T19:43:20","date_gmt":"2015-04-23T19:43:20","guid":{"rendered":"http:\/\/www.ggtrust.com\/currency\/?page_id=4165"},"modified":"2015-04-23T19:43:20","modified_gmt":"2015-04-23T19:43:20","slug":"purpose","status":"publish","type":"page","link":"https:\/\/currency.ggtrust.com\/index.php\/purpose\/","title":{"rendered":"Purpose"},"content":{"rendered":"

The purpose of the GGCurrency System is to provide an alternative to the current established global and local currency systems. Such a system must of course be better than the current system, or it would be useless to introduce it. Our proposed system will have the following benefits:<\/p>\n

    \n
  1. Autonomous, and free from external manipulation (no central banks or governmental control)<\/strong><\/li>\n
  2. Self-regulating without outside interference<\/strong><\/li>\n
  3. Autonomously able to expand or contract money supply to respond to changing demands for currency<\/strong><\/li>\n
  4. Transactions free from external observation<\/strong><\/li>\n
  5. Unlike fiat currencies, cannot be overproduced to cause inflation and loss of value<\/strong><\/li>\n
  6. Does not require bank involvement in order to use or transfer it.<\/strong><\/li>\n
  7. It is a credit based system, instead of a debt based system such as that used in all national currencies and the international monetary and banking system.<\/strong><\/li>\n
  8. Creating or using it does not create more debt (unlike the current system)<\/strong><\/li>\n
  9. Unlike the national currency, our currency has intrinsic value<\/li>\n
  10. Unlike Bitcoin, it has a physical representation that can be used locally.<\/li>\n
  11. Beauty<\/li>\n
  12. Secure from theft or counterfeiting<\/strong><\/li>\n
  13. Asset backed, unlike the Fiat nature of all national currencies today, or Bitcoin.<\/strong><\/li>\n
  14. Easy and inexpensive to transfer money locally and internationally<\/strong><\/li>\n
  15. International money transfers without government oversight or interference<\/strong><\/li>\n
  16. Includes a mobile phone based bill payment system<\/strong><\/li>\n
  17. Linkable to the value of local labor<\/li>\n
  18. Able to be produced with labor<\/li>\n
  19. Non-Scarce, abundant currency<\/li>\n
  20. Promotes relationships<\/li>\n
  21. Promotes Community<\/li>\n
  22. Benefits local communities: keeps wealth local, instead of exporting it to the cities <\/strong><\/li>\n
  23. Inherently causes increased wealth, abundance and prosperity in the communities using it<\/strong><\/li>\n
  24. Coordinates with local Chambers of Commerce and business organizations<\/strong><\/li>\n
  25. Tends to benefit entire communities, instead of being concentrated into the hands of a wealthy few\u2014benefits the village as well as the castle<\/strong><\/li>\n
  26. Inherently benefits women<\/li>\n
  27. Has historical basis for benefiting society<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    The purpose of the GGCurrency System is to provide an […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-4165","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/pages\/4165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/comments?post=4165"}],"version-history":[{"count":0,"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/pages\/4165\/revisions"}],"wp:attachment":[{"href":"https:\/\/currency.ggtrust.com\/index.php\/wp-json\/wp\/v2\/media?parent=4165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}