EOM Ch. 11 Credit Clearing, the “UnMoney”

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The End of Money and the Future of Civilization (2024 edition)

by Thomas H. Greco, Jr.

Chapter Eleven: Credit Clearing, the “UnMoney”

Direct Clearing Among Buyers and Sellers

Buying and Selling on Credit

Clearing through Banks Versus Mutual Credit Clearing

Direct Credit Clearing Makes Conventional Money and Banking Obsolete

Mutual Credit Clearing Systems as Clearing Houses for Buyers and Sellers

Direct Credit Clearing—An Illustrative Example

Balance Limits and Settlement

Providing Surety of Contract

An Insurance Fraud