Franz Hörmann (* March 23 1960 in Vienna ) is Associate Professor of Accounting at the Institute for Auditing, Trust and Accounting at the Vienna
University of Economics and additionally since the winter semester 2001/2002 Visiting Professor at the Institute of computer science (Communications
Engineering) of the Johannes Kepler University Linz .
Franz Hörmann criticized the existing financial system . He holds a relevant paradigm shift in both the economics as well as in society as a whole
respects necessary. His criticism is directed against the system of compound interest and the double-entry bookkeeping , which in his opinion it is
out of date models. He criticized the creation of money , the existing system of banks in 2009 and predicted the disappearance of the currencies
already in 2011. To be able to cope with this transition, he called for "specialized electronic vouchers" a transitional phase from in and favored an
unconditional basic income in the form of goods or services.
edit on 12-5-2011 by ckno1 because: (no reason given)
what he is talking about needs one hundred years more to develop.
Nobody!! that has more money then the most of usual people will agree to this idea.
Money is POWER and NOBODY gives his power away without fighting.
I like the Idea but my son's son maybe can/will live in NO MONEY World, but...
never ever this is going to happen in the next 100 years, no way!!!
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