100% reserve banking

er, I don't remember marx saying laws and rules won't be necessary.   Can you tell me which branch of socialism agrees with that statement and which ones don't.  Is that engels who says rules and laws won't be necesary, and if you have a link to the quote then I'll take my time to read it.  but mostly form what I've read so far, these early thinkers about socialism didn't have these concerns or thoughts and never solved some of the problems I will mention below.  So just a link to the complete words of marx isn't very usefull to me because I don't have the time to read it even though it's free and not owned by anyone.  If you send me a link to a specefic part or a specefic crique of socialism that supports your claim, then that would be usable by me. Also, some of the laws and rules I mentioned are not "laws and rules" as you understand them, IMO.  I'm including natural laws in this like the natural law or rule that says you can't drive the same tractor over two different fields at the same time.  That rule comes from physics and I expect it to operate the same under capitalism or socialism which must both follow the rules of physics. Other rules are economical or ergonomic in nature, like you can't pick twice as many apples in an hour using the same picking technology and pickers. There's a lot of information science type rules about voting when you have the requirment for socialism that EVERYTHING can be voted on by anyone at any time.  The information science rule on that topic is that you only have a certain amount of attention and time to read things and vote on them, so can't feasibly vote on every single topic in the world and will have to manage your time to vote on the ones most relevant to yourself.  Unless you're arguing socialism will have people with an infinitite ability to vote on millions of topics in a single hour, then you have an unsolved problem in socialism that needs something more to solve it than just socialism.  I'm interested in exploring what those other somethigns need to be. If I agree that there are no laws or rules in socialism, then what about pdf's?  are there no PDF in socialism? I've heard the argument that socialism requires capitalism to produce the means of abundance?  if you agree with that then lets look at the PDF vs google doc and see which one produces the means of abundance better?  

 MattYou are wasting your time with a person with a child mentality accostumed to read comics books, and playing with comnputers and video games, personally, I do not care if the Socialist Party publish its materials on toilet papers, as long as the message get to workers.Socialism is a serious political theory, so serious than in some places many peoples have been killed or taken to prisons. This is not office work, or buisness administration, or yuppies fantasiesI do not remember how many times we used mimeographer ( ink or alcohol )  to print newspapers, leafters and articles because those were the resources that we had, but the importance thing was the message.  What we are doing at the present time is much better than any fancy PDF , or the ideas of any computer fanatics, or ipad boy.I do remember when the Soviet Union had their Progress Publishing House , Tirana Publishing Center,  and the Chinese had their international Publishing House, most of the works of Marx and Engels were printed using cheap papers or newspaper paper, and the cost was only 0.15 or 0.25 cents a pamphlet,  we never cared about the paper, we cared about the content to record it in our brainsSocialism is for political mature peoples with mature conceptions, for peoples who want to break away from the bourgeoise ideology,  the play ground is the proper place for little children, and this forum can not be used for trivias or childish ideas. A person who in two years has not learned the most basic things about socialism, he or she is just  wasting time, or does not want to learn new ideas.In a few weeks I was ready to become a member of the WSM, my grandfather was an old man who never used a computer, and never heard anything  about PDF,  he only had a shortwave radio, he knew that the Soviet Union, Cuba and China were not socialist countries, and he knew that this society was a piece of shit, and WWII was fight among criminals, and he did not care the winner,  and some inteletelctuals with doctorate degree do not know that, they are being sodomized by capitalism, and they love capitalismThe main objective of this forum, or any forum of the World Socialist Movement, is to propagate, and  educate about socialism, and to understand that capitalism must be replaced by a new society. If we do not learn anything from one of the oldest school and university of socialism known as the Socialist Party we will never learn from any other place. Concrete is concrete, and illusion is ilusion

The moral solution to amoral capitalism…Keen, lost deep inside his Minskian models of the capitalist economy — in abstraction from the amoral world of practical capitalist profiteering — demands that the banks make his models, which reveal the amorality, work morally in the interest of capitalism.He tells the banks to kickstart capitalism by gifting everyone money to pay off “debt” — the essential capitalist necessity — or suffer the stigma of “profligacy” — the essential capitalist virtue.Here we can view the folly of pursuing a purely phenomenological modelling of the capitalist economy, and passionately believing in the rules that make the model work in abstraction from the human necessity of reproducing society under capitalist social relations of ownership and control of society’s productive forces.And then, emerging from his phenomenological model into the world beyond it, and pontificating on human conditions such as the “morality” of debt repayment, and not its essential necessity for capitalism and his model of it.Keen forgets that it is precisely the amoral capitalist class that demands its debts be settled — under compulsion of capital to actuate itself — in order that the capitalist may remain the personification of his vital bloodsteam: capital.God, and the aggrieved investor, bless moral Keen…

I am currently reading Paul's Mason's book, "Post Capitalism: A Guide to our Future".  In it, he makes a number of startling claims such as that "banks have always lent out more cash than there was in the safe"  (p.11)  and since 1971 no longer have to contend with legal limits in the form of a fractional reserve.  What are the facts and figures to substantiate or repudiate this claim? I find it quite difficult to peice together all the different elements in Mason' sweeping survey of post war economic developments (particularly since the advent of neo-liberalism)  such as the role of fiat money, financalisation and  QE – though Im still on  chapter 1.  Has anyone read the book and come to any conclusions particularly regarding his comments on banking

 Proto Marxism ,funny money  and fictitious capital “From Demetrius” 37-41AD  L. ANNAEUS SENECA,ON BENEFITS By Seneca  BOOK VII.  ……is brought out of the same dark pits as gold and silver…………. Thus far we have dealt with actual substances; but some forms of wealth deceive our eyes and minds alike. I see there letters of credit, promissory notes, and bonds, empty phantoms of property, ghosts of sick Avarice, with which she deceives our minds, which delight in unreal fancies; for what are these things, and what are interest, and account books, and usury, except the names of unnatural developments of human covetousness? I might complain of nature for not having hidden gold and silver deeper, for not having laid over it a weight too heavy to be removed: but what are your documents, your sale of time [????????????], your blood-sucking twelve per cent. interest? these are evils which we owe to our own will, which flow merely from our perverted habit, having nothing about them which can be seen or handled, mere dreams of empty avarice. Wretched is he who can take pleasure in the size of the audit book of his estate, in great tracts of land cultivated by slaves in chains, in huge flocks and herds which require provinces and kingdoms for their pasture ground, in a household of servants, more in number than some of the most warlike nations, or in a private house whose extent surpasses that of a large city! After he has carefully reviewed all his wealth, in what it is invested, and on what it is spent, and has rendered himself proud by the thoughts of it,…  http://www.gutenberg.org/files/3794/3794-h/3794-h.htm

In his current book, Yanis Varoufakis outlines some very intersting goings on with Greek finances.

He adds in a footnote:

That's the banks, creating money through real fraud.  Next, let's look at what the European Central Bank got up to.

You neeed to read that a few times, it's a method to allow Greece to not default on a debt it owed to the ECB.

http://thenational.scot/news/15366130.New_report_outlines_how_indy_Scotland_could_comfortably_raise__40bn_to_set_up_a_new_currency/If banks can create money with the stroke of a computer key-board, how does a new country creates its new currency money?