100% reserve banking

 Oh dear. What on earth are you on about? This has got nothing to do with money. Money is a social institution grounded in an exchange or private property-based economy,  The transfer of organic materials between trophic levels is not some kind of quid pro quo property transaction.  I know there is a tendency to resort to metaphors when talking about nature or natural processes but the lion is not really the "king of the animal world".  You do know that dont you?

Listen to John Poncy and visit his website AT http://www.grb.com!!!!!!Get your free blankety blank cheque book and pen!!!! ffs.  Is this the same forum that banned a member of the World Socialist Movement for 10 months but can't remove 3 or 4 piss takers. 

https://www.worldsocialism.org/spgb/socialist-standard/2010s/2012/no-1296-august-2012/debt-money-and-marxMoney and DebtThe transformation of money into capitalhttps://www.marxists.org/archive/marx/works/1867-c1/1868-syn/ch02.htm

Your commentary has nothing to do with the documents that Matt published which is about the European Investment Bank related to the topic that we are discussing which is about the Banking System, the purpose of banking in our society, and why we would not a banking system in a socialist society. It does not make any difference if the documents were written on stone, a piece of carboard, or PDF.Google is not a socialist institution, and it does not advocate for a classless society either, it is own by a corporation, and the user are member of the working class, they belong to a class, and the owners of Google belong to a particular class also. After  spending so much time in this forum, you do not have a clue of what socialism is, what is the meaning of property, what is a  class society, what is the meaning of classless. You are totally confused

Thanks Marcos. I see you have replied to that. So no point in me saying any more.

I will repeat again: You are totally confused, and you are in the wrong place. Everything in this society is owned by the capitalist including the ideoogy that you have in your brain, and the holes in the cemetery that we are going to be dumped when we dieWe have explained to you hundred of times our concept of property,and you do not get it, and we have explained to you in the same way that there is not any socialist medium in this society, and that we do not want to establish socialism within capitalism which it is also impossible.Socailism will be established within a socailist society., it is a post capitalist society, it is not a pre-society, capitalism has prepared the objective conditions for a new society. We need workers in this capitalist society with socialist consciouness, or workers who have  moved away from the capitalsit ideologyA document written in PDF, or Google, or written on a piece of toilet paper will not  be turnd  into a  propertyless socialist format.  Socialism is a social-economical-political theory which must be inserted in our brains. We are not computer fanaticss, The wonderful job that Matt is doing in the internet is what we need because it is political food for our brain, I do not care if Matt has copied those ideas from a piece of toilet paper, or from papyrus.  Many years ago organizations used mimeograph to print their newspapers.Many years ago we use to read Marx and Engels on paper format, now they are in digital format, and storage in harddrive that we can carry in our property, and some companies have claimed copyright over their works, it is the same intelectual works in different format, but it is no a problem of ownership, the main idea is what we can record on our minds.Peoples used to carry Marx and Engels works inside of a Playboy magazine, or a comic book 

 This is not capitalism. capitalism is an immense production of commodities , for sale, for profit of a minoritycapitalist  class, on a market.

No difference in any of those. Those are all means of exchange and only relevant in the context of production of commodities for sale or exchange for profit, in a market and therefore redundant in a post-capitalist, free access socialist society, where *production is of utilities for use, with self determined free access to them*.

That is not socialism. (See * above.)

There will not be digital private property, save personal stuff. If stuff is published it is everybody's.

There will be no privileged access or property.

Because it is not  a market and not capitalism.

So a waste of time then. Largely irrelevant as economics, as we/you know it, will be unnecessary as we will have replaced calculation in kind for economic calculation. Economic calculation will have expired, ceased to be, redundant, dead, finito, kaput.

The exercise is irrelevant. The only technological implication we need is can the assistance of technology of all kinds, be helpful for the purpose of delivering a superabundance of utilities to satisfy peoples human needs.To this end we will have self-regulating stock control systems and calculation in kind.Socialism has been possible since the start of last century never mind this one, even without the present day technology.Our priority is getting that message out to as many people as possible. To hasten the world my signature below depicts.

@Matt,I agree that one uses whatever tool is appropriate.  I'm making the argument that for socialism the choice of which is more or less appropriate matters as a MINOR concern and a google doc is more appropriate (slightly) than a PDF.  The google document set with the privacy rights to "public can comment, public can edit, public can view" is better than a PDF. A PDF offers only the privacy rights of "public can view, or private, or private with some list of names allowed to view only". In no case can a PDF be made that allows for anyone in the world to edit it and comment on it and vote on it.   A member of the public can not edit or vote or comment on a pdf without a great deal of additional and difficult to access technogy.  You could perhaps devise a complicated system for allowing anyone in the public to edit or comment on a PDF and with a little more work, maybe even offer that for free, but it would be technically very very difficult to use and time consuming and expensive in time and effort for both maintenance and use.  google docs come with a wide assortment of tools built in for solving problems with a truly property free system.  For example, you can use something called version control in a google doc which is a method of problem solving when two people edit the same paragraph in different ways without consulting each other and agreeing with each other on what the edits should be.  So in a socialist society (or a capitalist society) you run into a problem with two people simultaneously wanting to edit the google doc in different ways to say different things and for different purposes.  This is rather similar to a society without property where two people want to use a tractor for their own field plowing and no one owns the tractor.  Based on your comment, you define ownership as " if someone or some group is delegate or tasked with something, then they may retain editing functions for the duration of a task".  And that's a good start (IMO) using the available PDF technolgy that's used by socialist today. but consider the limitations to your description.  Who can edit it?  your answer is only the group that is delegated or tasked and only for limited amount of time can edit the document. At least that's my understanding of your argument(correct me if I've missunderstood you). Presumably after editing it is made public but then it can't be edited?  it's unclear what you propose for after the delegated people have finished editing and what to do if revisions are suggested after the editors have made the document public.   But I appologize for this being off topic and didn't intend to distract, so let me bring this back to the point of the argument which is 100% reserve banking.  There's an analogy between money and information in this case that seems relevant to me. Like information comming in different forms like a PDF vs a google doc, in the same way we can consider money to come in different forms like M1, M0, M2, M3 definitions of money.  So a PDF is like M3, and a google doc is like M0 or something similar as an analogy is what I'm suggesting.  100% reserve banking is very difficult with a gold standard bank, and actually it seems to depend less on the definition of money and more on the laws and regulations that the government applies to banks.  unlike M0, M1, M2, M3 definitions of money and the monetetary system that is closely regulated by legislation, the rules for information such as a google doc have their laws about usage of the document built into the document.  So it's kind of like if couldn't exchange M1 for M2 or M0 because the laws and rules about the use of M0 were actually part of the money and inseperable from the money legally.  We have a similar case in that A google doc can be made into a PDF very quickly and easily, but a PDF can not be made into a google doc without effort and sometimes a great deal of effort to retype and reformat the document.  So information in a PDF is less "fungible" than information in a PDF to use the concept of fungibility very loosely as an analogy.