National currencies have become a private affair overtime as banks expand the money supply at will,
for strategic private investments, as loans to private businesses, controlling economies for private interests.
Banks extend new loans simply by creating a digital record of new debits and credits, with no restraint to cash reserves.
Yet public spending is limited unnaturally to tax, as an unjustified restriction which results in an inadequate level of money supply.
Thus private bank owners have absconded the right to create money, while the public are starved of money unnecessarily,
responsively forcing the sale of public assets, divesting the public of quality services and lowering the standard of infrastructure.
Distribution of money is out of balance and people without fair access to enough disposable income for reasonable quality of life.
The power of credit will serve society, once we choose to exchange a currency that delivers public advantage.
Gnote allows the voluntary public exchange of an agreed local currency to revive public control over the power of credit.