"FUNNY MONEY"

Money for the People: Grillo’s Populist Plan for Italy

"... Posted on March 7, 2013 by Ellen Brown, Default on the public debt, nationalization of the banks, and a citizen dividend could actually save the Italian economy.

.. Comedian Beppe Grillo was surprised himself when his Five Star Movement got 8.7 million votes in the Italian general election of February 24-25th. His movement is now the biggest single party in the chamber of deputies, says The Guardian, which makes him “a kingmaker in a hung parliament.”

ELLEN BROWN'S WEB OF DEBT<Click

"... In the 1930s and 1940s, critics of Social Credit called it “funny money” and said it would merely inflate the money supply. The critics prevailed, and the Social Credit solution has not had much chance to be tested. But the possibilities were demonstrated in New Zealand during the Great Depression, when a state housing project was funded with credit issued by the Reserve Bank of New Zealand, the nationalized central bank. According to New Zealand commentator Kerry Bolton, this one measure was sufficient to resolve 75% of unemployment in the midst of the Great Depression.