Tuesday, October 10, 2017

#113.3: The Proposal - How It Works - Part 3

We put this reminder up lest anyone out there think this proposal is intended to feed into more of this futile and excessive preoccupation. We care for FREEDOM, which is why we care at all about the question of money.
Before we get started, we notice again a lot of interest from Russia, if it really is from Russia. Supposing the interest is from real people in Russia, then we have this to say:

Friendship and greeting to all Russians, those whose banner is the wolf of the north, the whelp of the pack, along with Iceland, leading the way away from THEM (the usual suspects). Those who are up on their study of national symbols will pick up the references quick enough. Let's say right now that we are in solidarity with the aspirations of the Russian people, of their democratic republic taking shape in today's Russia and we are supportive of Russia as a sovereign nation and as a people, culture and language. We are not globalists here.

We remind Russians and everyone else around the world that we are all living under a Beast empire that has been in actual power since 1815 which we shall continue to call Mystery Babylon. It is mysterious, in that it is hidden, it is Babylon in that it is everything old corrupt Soviet style Babylon ever was and the word Babylon conveys confusion and that too is all about THEM (usual suspects).  

With that taken care of, it would probably be best to begin with a reminder concerning E. C. Riegel's idea of one ledger for the entire monetary system. Right now it is possible for people to open many bank accounts and only their public identification shows that they are the same people. This situation allows for a great many common frauds. So the first thing to understand is that in the proposed system, there will be many local exchanges, but they all share the same ledger; all accounts are on the same set of books. This is done to prevent fraud. A ledger contains accounts and transactions against accounts are called journals. All the transactions in the example involving the accounts of Jack and Jill in the previous post, represented journals or journal entries. Once again, the heart and soul of any and all monetary systems lies in the ledger, not the circulating tokens.

In fact it has been suggested by many that the journal transaction entries that are still evident in ancient clay tablets proves that essentially, all money not only involves tendering of tokens, but the accounting that went behind all that business. Again, it is the accounting, not the tokens that matter and as perhaps THEY may even say among themselves, “the devil is in the details.” One doesn't defeat an enemy by relinquishing a valuable weapon (the invention we call money) to THEM. The fiat to issue all legitimate money belongs to us by natural right! We will have our own money and it will be truly ours not THEIRS (usual suspects)!

With that much said, this time we will focus on more details concerning the individual A and B member exchange accounts, explain some cost accounting implications too, so that everyone can see how they can make money (build wealth) using the proposed international standard Value Unit or Valun. 

This is not to be some economically disruptive proposal, advocating some idealistic new social order, some new communitarian social monstrosity, something that always implies FORCE to accomplish its totalitarian social objectives. We are not interested in any of that at all. 

This is a proposal for a monetary system that runs in parallel with all existing systems until they are no more. It intentionally promotes wealth (which must provide an income) among its members, and the proposal implies an eventual renunciation of THEIR systems, interests and money. The message is “come out of her, my people” not, let's sit down with our sworn and proven adversaries and compromise over a nice pot of tea (give up our values and rights since THEY never give up any of THEIRS which are presented as a necessary evil upon the rest of society). No, thank-you! 

And lest any misunderstand us, who are THEY again? The phalanx of the enemies of mankind, by THEIR own long time written admissions; globalists, bankers, elites, pedophiles, satanists, technocrats, THEIR scribes (people who work for THEM usually writing THEIR essentially fake or intentionally misleading information) and those we'll continue to call Pharisees; usually members of political parties or other such organizations. We saw a summary of some of the pronouncements THEY made here. 

All THEY have ever said (or has been said of THEM) implies the necessity of a state to FORCE THEIR rule and to push THEIR money over on the rest of us. Using THEIR phony intellectual property law, a legacy from the French revolution, THEY intend to make all of nature (GMO's) a means to pay THEM a stream of income on THEIR wealth too, and to either reduce most of us to extinction or to a kind of slavery that more closely resembles what passes for life in something like a Soviet gulag or NAZI concentration camp … or American Indian reservation or internment camp, than anything even the first tier of nations has going on right now.

Freedom, is when you can say what you like, think what you like, do what you like and own what you want, without asking anyone's permission. It is given written public utterance in the 1st Amendment to the US Constitution. It describes in words exactly what your individual will (fiat) is. You cannot be free without money. Look around you. It is possible to get away with horrendous crimes and never see justice if one has lots of money or the connections that provide lots of money to grease the wheels of the judiciary in one's favor. That's freedom for the thieves (and worse) who get away with horrendous crimes; THEIR money gives THEM freedom, while enslaving the rest of us. It does matter who you know more than what you know or what you are capable of creating, doing, growing or inventing.

In order to straighten this obvious crookedness, ultimately. we do not advocate any compromise with THEM. We view THEM as our natural enemies. But we would rather not resort to violence unless it is brought upon us. Considering recent events, perhaps “first blood” has already been shed, and if not, it is possible to suggest several scenarios where the merely tragic becomes terrible and horrible rather quickly. Those who understand their own fundamental situation with respect to THEM, are going to be better prepared for what will happen and perhaps very much sooner than any would have liked to think as well. But anyway, let's get on with it ...

The nature of the proposed local independent exchanges are as local associations composed of A and B members. They are to be individually owned for profit companies. The A members own the businesses. This is the natural grass roots democracy that E. C. Riegel understood; an equality among equal individual natural persons living in a specific geographical area.

Each local exchange is a separate entity, less than a franchise, more like an accredited association, functioning under the same rules, so as to be associated with IVES (the proposed International Valun Exchange Society which provides some bookkeeping support and account verification responsibilities, (We already said this is to be a ONE LEDGER system, so the coordination has to be by the ultimate identification of accounts as well as the setting and disseminating of the daily exchange rates for the Valun). For instance IVES will know the valid account numbers for individual A members without having to know anything more about the account! This allows transaction clearing to go on with fair anonymity and allows the system a natural means of tracking any attempted frauds. 

I think I should point out right here something that is going on right now among the presently affluent young. They have embraced bitcoin and other cryptocurrencies thinking they will be able to store away some purchasing power for the future that some state or its agents can't get their hands on for taxes. The aware among the young know damn well that The Establishment is a pack of professional liars and everything that comes out of THEIR mouths a filthy lie. They know that THEY are also thieves above all else. So these aware young people seek to hide as much as they can from THEM and perhaps hope eventually to “get away” and live as a gypsy or PT; “perpetual traveler,” having no permanent work or residence, etc. This would seem to me a frivolous and unrealistic outlook moving forward. 

Though we are in tremendous sympathy with them, they have fallen for a trap, just as investing in precious metals coins to the detriment of growing one's wealth (investing in anything that will build your income) is not a good recipe for success. 

This outlook also involves taking on a tourist lifestyle rather than deciding to settle down and take a stake in any local area or raise a family, which has been looked down upon over the past two generations, while nevertheless being vital to future happiness. Multiplied by the tens of thousands, this is not a trend boding well for the future of any stable economy. It is actually symptomatic of the actual economic situation brought about by THEM, THEIR agenda and THEIR money; literal stagnation leading to literal death. 

Likewise we attribute to THEM the startling climb in suicide statistics among the young worldwide. Why do they take their own lives? They see no future for themselves and their prospects are increasingly dystopian. Understood? This proposal is that important! 

A members are individual natural persons 18 years of age or older who live in the communities the exchanges serve and have lived there for at least a year.

You see, we are calling for an end to the “perpetual traveler” as an acceptable economic choice. If you would have all that is really best in life, you would work for it and build it where you are and it would benefit your friends and neighbors. Multiply this affect and economies grow and spread and wealth builds and income is produced. You say that you choose your friends and neighbors on line. I say that eventually the lights go out, the internet becomes either a totalitarian nightmare or goes away. Your friends and neighbors are those people who live right around you, who you interact with every day. All A members must be legally entitled to live where they are as we will not encumber ourselves with illegal aliens.

The FORCED acceptance of roving populations of displaced people is a state imposed solution. The only real solution to this artificial and deliberately concocted global immigration problem is to get all people to return to their home countries and adopt the same standard money system as proposed here, so we can eventually trade with each other, but in the mean time, to work out all kinds of parallel economies in our own countries, where we know the people and resources there better than anyone else.

The goal is economic redundancy not global monopolies. Therefore, each country and even within each country, all the various sub-provinces, etc. would determine for themselves what it is in their best interests to promote, produce and build up as wealth, which must provide income ultimately for all the members of those exchanges.

Each A member must be sponsored by two existing A members and be willing to pay a yearly dues of one Valun in whatever local currency; dollars, euros, yen, pesos, etc. In US dollars, since the proposed Valun fluctuates in exchange between $2.16 and $4.32 (which it can never reach without gold being worthless, an impossibility), the amount one pays in dues is likely to be between $2.16 and $3 or about the cost of a cup of coffee and a doughnut. We want to encourage people away from “the image of the beast” which is the modern media, the electronic snooping, etc. and get back to dealing directly with each other as real natural persons again. 

Though they are all to be private, these local Valun exchanges are to be true grass roots democratic institutions. All A members get one vote in the election of all the usual exchange officers (president, vice president, secretary, etc. for whatever terms of office, probably one year) and are considered owners of the exchange. Officers are to maintain the system, not attempt to break its rules to benefit some “special interests.”

No member may sell their ownership to anyone else. These are not shares and none of these businesses will be organized as share issuing corporations, because we do not accept the legitimacy or ethics of running any state sanctioned enterprise operating under limited liability or owned by absentee owners. No thank you. You see, it makes no sense to sell your responsibility. The climax and fall, as the shape of the famed Rock of Gibraltar, of the age of the swindling dinosaur, the “too big to fail” organizations and too damn big for their britches, “public” stock corporations, etc. is ultimately going to be upon us. The message has been and continues to be, “come out of her, my people,” etc. 

People say, “nothing lasts forever” and use phrases like that to swindle and destroy what diligence and courage may have created for example over many generations of the same family. The results are the emergence of the very few pillars of local economies and societies throughout the world. Upon such enterprises, whole communities build the basis for trade with other places. The producers were supposed to benefit from this kind of peer to peer networked trade. But clearly the new thinking is to get oneself up and running and successful enough to get bought out by one of the bigs and so go out of business. Why? Because THEY ultimately want none in business but THEMSELVES!

Local charm and local passions? People of diversity enjoying what their particular cultures provide and produce? The powers that be care nothing about all of that. All THEY care about is remaining in power and calling the economic shots for THEIR buddies and cronies. Remember, no matter who you are or where you come from, nobody ever asked you. THEY never asked you what the effects of THEIR policies would have on you, your business or your life. THEY never do. THEY follow orders from certain upper strata of THEM and since you are not in THEIR club, you are prey rather than anything else.

Always remember, THEY regard you with as much casual contempt as you would regard a steer ready for slaughter or an annoying bug just flying by. If you somehow thought you had anything bright or creative to contribute to THEM in some hope of eventually becoming one of THEM, consider what I just said. THEY have already made up THEIR mind and you wont change it at all! All THEY care about is attaining THEIR ultimate goals which are to subject the entire earth to THEIR totalitarian rule and ultimately to become gods and fly off planet as machines believing THEY will get away with it. Sounds absurd now, doesn't it? But why should it surprise anyone to know that during the Middle Ages the same strata of people hired people to try and make gold out of lesser materials? What does alchemy have to do with modern science? You fill in the blanks, ok? 

So, therefore and to wit, THEIR current proposals are to drive the world mad until we go to war with each other and take our attention away from THEM (the previously described who maintain a control over 97% of the world's total financial resources, expect the rest of us to get by on 3% and now want to deprive us of cash instruments). Are you following me?

CASH, a verifiable token of exchange that conveys anonymity in a sale or trade. Our proposed circulating V-Check is the answer to this: an open account circulating check, similar to a traveler's check, would become our cash instruments. Each and every V-Check would represent real funds in a real cash account. The moment one deposits one of these into their own account, the funds are transferred from the exchange's cash account into a member account and the check is destroyed! Shredded in fact would be best. We would have personal checks as well. 

Do you see clearly now, that the accounting is everything and that the tokens, which convey anonymity in transactions; cash, are just the circulating evidence of the accounting? E. C. Riegel certainly understood this. 

Intrinsic value? Coined metal as some commodity that never grows too much? All of that is meant to allow the centralized speculator class to make money on money without work (capitalism, which we have all been brainwashed into accepting as a good thing and synonymous with free PRIVATE enterprise, when equating the two is an outright LIE, deliberately intended to cajole lesser mortals into bowing down to the moneyed classes), so THEY (speculators/capitalists) can determine the price structures of various things and gain the actual goods and services for themselves without actually working to produce them. 

These people tend to live as parasites on mountains of what? Stolen fiat split barter receipts that don't even represent real purchases or real things or services? Believe me, had I not spent some time in THEIR system, and had my mentors, and the two of them had not spent much time in THEIR system, we wouldn't have this perspective, which is as a matter of fact, both exactly true, and is an expending perspective among the awakening “masses,” … er, peoples of the world.

A parallel monetary system? You ask. Parallel to what? There is no more local economy or so little left that it is ridiculous. It will obviously have to be rebuilt and to be rethought as we manage to survive through some very difficult times ahead. As we have indicated elsewhere, the ultimate effects of capitalism (the making of money on money without work) and especially because of usury (the demand back of that which was never created), the continual devouring process will occur until the current 97% will become near 100% of all THEIR financial assets. THEIRS not yours, of course. Then the last snake dies because there is nothing more to consume and the usury THEY extolled, especially among the fanciful and cursed “Austrian” economists, will be the dust of unpayable debt left to consume. 

Capitalism always devours its own and is a destroyer of wealth as it destroys income. If you don't happen to agree, you're either just not informed, brainwashed, or perhaps in on any of the many parasitical activities of grifter capitalists, or perhaps even all of the above.

Remember I too was not only heavily involved in capitalism, I advocated it. But capitalism eventually requires that all ethical considerations be jettisoned. If you decide to take up a life as a parasite, just making money on your money while you do not take any time out of the rest of your life to produce some good or service for others, then sooner or later you must lose your sense of what's really right and wrong, because nothing but making that money on money without work, really matters to you. 

As THEIR control approaches 100%, you may be able to live well this way, for a while. Then too, the terms of absolute slavery will become more familiar to more people. That's what THEY expect. Then THEY will bring in all THEIR socialist ideas, THEIR monthly stipend for doing nothing but being an economic consumer, THEIR money of course. You will be THEIR slave and that means THEY can and will use you in any way THEY feel like; THEY will literally have THEIR way with you. Understood?

A victim status? Is there any justice for those who victimized you? Oh, THEY want your sympathy (after THEY hurt you), THEY want your love (so THEY can rape you), THEY want your worship (so THEY can damn you). And most give it to THEM willingly; the Stockholm syndrome. THEY know exactly what THEY are doing too. It's almost instinctual with THEM, like predator to prey. Want to join THEM, do you? You would have to be a vampire too. Understood? It's the symbolism, stupid!

It may be that it's too late, as many of the small businesses and medium sized businesses have literally been run out of business by the too big to fails, wealth destroyed as income streams are destroyed, and then eventually the bigs can hardly remain in business. Why? Too big too soon? To much centralization? Too much anticipated reward against apparent sales? Of course. All of that. Goods forced on people who otherwise would prefer something better? We note that. Bottom line? Too much debt and too little income; people are running out of money. And it's all THEIR money too isn't it? Note how prices are rising mysteriously all the time placing more necessities out of reach. What did you work for? How much work have you ever been able to do? None of that money is yours or mine, and precious metals or cryptocurrencies aren't yours either. All of it belongs to THEM, not you or me because we did not issue any of it!

So each A member gets ONE exchange account with three balances in it: 

The issuance balance will begin at V200.00 (two hundred Valuns)
The income balance will begin at V0.00
The escrow balance will begin at V0.00

You are not required to file income taxes on any money that issues directly from you (directly from your FIAT or WILL), but, until the public laws are repealed – which is not the concern of this blog - you are required to pay taxes on any money you receive as income. Over each fiscal year, journals to income balances will be presented to each A member in a report to determine which transactions are actual income and which are not. For the American exchanges, the 1099 will reflect the average value of the Valun from the first valid transaction in any fiscal year, to the income balance, to the close of the fiscal year. Each A member is admonished to acquire the “public” money required to pay their income taxes on all income from all sources of income as the law – which is FORCE - directs. This proposal is neither a tax dodge nor a money laundry. 

All A members are able to issue Valuns. B members (businesses, organizations, usually made up of A members) are not entitled to issue Valuns. 

We will also have B memberships which are for any private for profit business organization. B members are not required to pay membership dues, but all B member accounts must be funded. 

B member accounts have three balances as well; the retained earnings balance, the income balance and the escrow balance. An 80% rule would apply to all payroll accounting as follows: 

A B member (business account) is allowed to have an escrow balance (used for all payroll accounting throughout the system) that is no more than 80% of the combined income and retained earnings balance. To have an escrow balance of V1,000 (one thousand Valuns), one would have to have on account, in either one or both of the other balances, a sum total of V1,250: (V1,000/.80 QED) 

All B member accounts must be funded. If any fall to below zero, they are considered insolvent and must close their accounts. It matters just how one gets a B member business account started/funded. One could do this any number of ways, but the most basic example is the family business.  

Let's say one has a family of six people above the age of 18 that are all involved in some way in the family business. That's V1,200 right off the bat, obtained directly from the free V200 they each get for becoming a member/OWNER of their local exchange. Of course each A member might prefer to pledge less of their Valuns, but this is one source of easy funding for small businesses.

In addition, we will also allow any individual A member the right to exchange “public” money for Valuns (not to exceed certain limits) at the specified rate on whatever date that occurs and the proceeds in Valuns can be deposited in any B member account, assuredly into the retained earnings balance (the capital of the business), as it would be assumed that no one would place any pre-taxed money into these retained earnings balances. We are not responsible for determining whether that is the exact case, of course. As far as any business expenses incurred are concerned; these are costs of doing business and when the volume of sales is sufficient, these expenses become valid tax deductions. 

B member businesses may also contract with their local exchange and indirectly with IVES, to have their ads posted on the reverse sides of our V-Checks, which are to be the cash instruments in our system. These V-Checks are printed as numbered blanks that are each posted as open checks floating around with a six month expiration date. The printing is paid for in “public” money and becomes another valid advertising expense for all B members that participate. Our cash instruments become circulating advertising for our business members!

We want lots of small and medium sized businesses, each being able to sell a portion of its services or wares in Valuns. We'd suggest for those businesses already in business that this percentage should ramp up from the point of membership up to 25% of intended annual production within a year. 

We're going to take the basic example of what Gordon Long called capitalism, but is really free PRIVATE enterprise. He said that the process whereby every successful business grows is where it takes its profits and invests them back into the business. We say this is wealth building as the income derived from improved productivity of all members participating in that business grows to the point where diminishing returns to scale occurs. I have been in positions to evaluate and determine whether make or buy decisions are more profitable for manufacturers. But the real question is whether a business is selling all it produces and at what retained earnings results after a percentage of all other expenses are deducted? Profit becomes a goal for any business up until it reaches that point of diminishing returns to scale and once that point is reached sustaining the income of the business becomes more important. 

We have made evaluations in the past that considered all potential tax and costs of doing business exposure against projected revenue at 10% for single operators, up to 35% for larger organizations. So basically one takes a position that up to 25% of the output can and would be put up for sale in Valuns and that whatever that amount is in local currency, anywhere from 10% to 35% would have to be set aside to cover the taxes on those sales. 

If an item sold for $100 and carried an 8% tax, that would be $108.00 while the current Valun might be $2.71 on say 10 October, 2017 and so V36.90 would equal $100 and if said item were for sale in Valuns it would sell for perhaps V37 even plus $8 tax. The likely lowest prices in Valuns for everything would fall to the lowest circulating V-Check, the proposed half Valun. Think of the half-Valun right now as a third heavier on average than the US dollar. So maybe the item sells for V36.50 or V37.50. Meanwhile the tax is still accounted for locally as 8% of a comparable sales price in dollars or $8 on every $100 of sale. 

As we said, the first groups of people to take advantage of the proposal for building wealth would be various craftsmen and craftswomen whose goals are to free themselves from THEIR system and seek a means of earning a genuine livelihood away from THEM and THEIR doomed system by providing a genuine good or service offered for sale in Valuns. There are many retired people that would benefit from this proposal. There are many young people just starting out only finding out that THEIR system doesn't provide much of a future for themselves or any posterity. The proposal suggests that the means is the contract between you and your local community. That provides you mutual recognition. We present you with a framework that is unbeatable as long as the rules are followed. We present a trading unit or market vehicle for conducting business that is already proved to be harder than any of THEIR monetary units including those in precious metals; neither silver nor gold is capable of purchasing what they did at Valun inception, which has not changed. 

Each local area will have different concerns, but seriously folks, if we have a whole lot of people who reach the age of twenty and are without experience of basic skills, we also might propose that basic skills workshops and centers for this kind of education be instituted as soon as there are enough members in each exchange to make them happen because we will need more people with basic skills on into the future. Economic redundancy to scale is the goal, not monopoly of economy by a few outside and foreign players. You see, what each exchange intends to become is THE local club that all people of any substance or talent want to be associated with. We will make our own class distinctions by ourselves without any “management” assistance from anyone outside who really doesn't know anyway what we want and only seeks to control all economic outcomes for their own benefit from somewhere far from the local area each local exchange would serve. 

You'd walk into your exchange with some kind of badge or key since this is to be a PRIVATE association not open to anyone off the street. You'd see signs indicating who wanted what kind of work and they would be sold to those who would accept payment in Valuns as well as local “public” money; all as labor contracts within the local or eventually extended market for talent that would likely develop. Everything would be figured on contracts and you would be rewarded for the more of them you complete. There's no incentives in THEIR system unless you already have plenty of THEIR money or know what to do to get your hands on more of it. Remember what I put up in front of this piece. This isn't just about money. It IS about freedom. 

AND it is everybody's right to work out their quest for freedom as best suits themselves and those in their own communities since we all are different and each community has different sets of needs. There are many ways that would be open to earning Valuns. Seeing V-Checks will become more commonplace especially as THEY attempt to FORCE everyone into using THEIR cards which are DEAD if and when the grid fails. 

So durability being an issue, what do you suppose is one of the first things any self respecting IVES affiliated exchange would want to do? System confidence and energy independence! Each IE would want to have all its critical infrastructure as simple, reliable, regulated and durable as possible with sufficient backup and recovery and all the rest to maintain the single ledger stretched around the world supported by a loose network of laptops and thumb drives with off the shelf software and a minimum of custom programming where possible. The first genuine efforts will concern themselves with these issues especially now that we are living in a world of potentially disintegrating social fabric. We will also need to consult with those who have had experience in the printing business concerning the best and most cost effective way to eventually realize the V-Check concept. To those who are still out there selling fully digital figments of imagination, tell us what you will have accomplished not if but when all THEIR grandiose schemes for world hegemony and power fail?

David Burton 

[10/16/17: The proposed international standard value unit or Valun can never be lower in exchange than $2.16 ever! It can likewise never reach above $4.32 else gold is worthless, an impossibility.

The dollar equivalent of a Valun will always reflect the inverse of the price of gold and silver; as the price of gold rises in dollars, the exchange value of the Valun falls back toward its exchange value at inception on 11/2/11. Should the dollar price of gold eclipse the inception price of $2,160 (OUR bid to acquire an ounce of gold), then a new Figure 1 transaction involving both kinds of THEIR money is accepted and all Valuns in the system rise in exchange value based on OUR new inception bid to acquire an ounce of gold. Yes, from then on, our money would be even harder than THEIRS, so if the price of gold were to fall again, the cheapness of the gold or its loss of purchasing power is reflected in an even harder Valun; you would need more dollars to buy the gold required to purchase the same purchasing power as the initial transaction.

Now regarding the “public” money: What would happen to Valuns if suddenly THEY went back to a pre-1971 fake gold standard, since THEY still allowed fractional reserve banking? Let's say THEY chose gold at $32 an oz and silver at $5 an oz. The Valun would then be $4.28 and an oz. of gold would only get you V18.52 and an oz. of silver V1.46 so the Valun is even harder than it was before.

Suggesting the reverse happens and some skyrocket price for gold is selected by THEM? Let's say THEY choose $10,000 an oz. for gold and $600.00 an oz. for silver. The Valun has a new inception transaction since this transaction is higher than the last inception and no new Figure 1 inception transaction can ever be set lower than the previous one. The Valun is now $12.50 and a mere half-Valun would be $6.25 and this is when gold trades for something as artificially set as all the whiners complain that it is now. We don't even have a reliable audit of all the gold in the present world markets for it or how much is actually changing hands. It's all politely held conjecture. Hence, we question whether something that is “gold backed” matters at all above the usual trustworthiness of any of THEIR trade instruments. (Still dealing with dragons and snakes) There will be agreements involving these instruments, like you get to hold your gold these represent, but you can't take the gold out of the country, so you have to leave it or spend it within that country. What is that? More proof that the thing is really not yours and certainly not mine either.

With the proposed Valun, you will at least know where all the rest of THEIR money stands next to ours. Why price things in Valuns? Two reasons: first a reliable measure of value that will still be subject to availability and requirements from one local area to another, and secondly to actually measure and determine the degree of inflation and depreciation in THEIR system next to one that is subject to neither.

Reliable price determination is based on suggestion and discovery. Suggested price is based on what it costs to make a given product amount (lot) and that includes factoring in depreciation: the first items off the lot sell for more than the last. It may be as little as a 5% reduction from first to last or as much as 50% varying from product to product and including whether product is perishable or not. Levels of profit are actually minuscule in certain endeavors, only 5% of revenue, or even less. That percentage shrinks ever farther in an inflating money. The proposed Valun will have far more stability. An enterprise with some sales in Valuns may in fact make the difference between its survival or its bankruptcy, wealth confiscation, etc.

Above all, we propose a standard for our money that allows us to exchange with THEM on OUR terms and to determine once and for all what the true boundaries of our freedom actually are and have been. More eyes are opening every day!]

Wednesday, September 27, 2017

#53.2 What Some Would Do - To Hell with Fractional-Reserve Bankers Constitutional Amendment

We have friends who have ideas that are percolating about and really deserve a response. Dennis Spain, someone whose professional interests I highly respect, has been pondering monetary reform and he wrote the following a few days ago, reproduced here in full:

To Hell with Fractional-Reserve Bankers Constitutional Amendment
Dennis Spain · Wednesday, September 6, 2017

I invite feedback on a “To Hell with Fractional-Reserve Bankers Constitutional Amendment”:

(1) Rescind the Federal Reserve Act of 1913 and replace all Federal Reserve notes and check book balances in all U.S. banking institutions (and any other domestic credit-creating institutions) on a 1-to-1 basis with U.S. Treasury-issued dollars and U.S. Treasury-denominated bank balances.

(2) Honor only the repayment of principal on all presently existing financial contracts in the U.S. Federal Reserve banking system and prohibit the interest payments on these fraudulent contracts. Payments on principal for these presently existing financial contracts are not to be extinguished from the money supply, as is heretofore the case. Prohibit all future lending by any banking institution of funds which do not originate from actual savings of the holders of the new U.S. Treasury dollar notes and U.S. Treasury denominated bank balances and stringently require any interest charges to be determined solely by the two parties involved in these valid loan contracts. (A valid loan contract is an actual lending of the previous savings of one party to another party for a stipulated time period.)

(3) Fund infrastructure projects nationwide which cross state borders with U.S. Treasury-issued currency in amounts proportional to the population of each state affected and without leaving any state's cross-border infrastructure needs unfunded. These infrastructure projects are to be authorized by Acts of Congress and can include, but not exclusively of other examples of infrastructure, roads, airports, harbors, waterways, pipelines, electric utility lines, high speed rail, etc. all such projects being put out to bid to private companies on a competitive basis.

(4) Fund the U.S. Military with Treasury-issued currency.

(5) Fund Disability and Medical Insurance for all U.S. citizens with Treasury-issued currency, awarding contracts to private firms for such services on an openly competitive basis and in such a manner as to apportion the created funding according to each State's population.

(6) Continue to fund Social Security retirement liabilities separately by a tax on workers’ incomes throughout their working life and absolutely sequester these funds from any outflow payments other than to retirees.

(7) Abolish the Federal Income Tax and institute a federal sales tax with a varying yearly tax rate adjusted by the U.S. Congress in session, the sole aim of such adjustments being to maintain a stable Consumer Price Index based on data collected by the Federal Government. Any such sales taxes taken in by the Federal Government are simply extinguished from the currency supply to keep the Consumer Price Index stable or decreasing.

(8) There are to be only two federal taxes levied on the American citizenry: sales taxes, receipts of which are extinguished to prevent inflation; and social security taxes applied to retirement accounts. Thus there is no need for the Internal Revenue Service. That agency is hereby abolished and the 16th Amendment to the U.S. Constitution voided.

Now, a comment on Dennis' remarks, with my response:

EE: The Federal Reserve Act is UNCONSTITUTIONAL anyway. Only CONGRESS is authorized to print U.S. Money.

Nope, the Constitution does NOT allow the Congress or anyone else to issue any printed money; only gold and silver were to determine settlement of debts; splitting of barter. The Constitution allowed the government to operate mints where they would coin money from precious metals, but the metal itself was to belong to the owners of the metal, paying the government a slight fraction of the mintage as what is called seigniorage: profit made by a government by issuing currency, especially the difference between the face value of coins and their production costs. It should further be noted that in 1792, Congress established the weight of a dollar (that little pain) chosen as the official money of the country. A Constitutional dollar was held to be 371.25 grains of silver = .7734375 of a troy oz. It would be a coin slightly more than ¾ an oz. of silver and such were minted into the 19th century and served as the national commodity currency with various monetary reforms, etc. including the issuance of gold coins and silver coins at the 1 troy oz standard.

The Constitution never allowed the government to issue paper money. Never! It's not because those around at the time had no idea of paper money. It was not invented by the British colonists (the Chinese may have invented it), but the American colonies did issue paper money and for the most part, until the British started counterfeiting paper Continentals, it worked very well, which was the real reason for the American revolution. The mother country was involved in a world war and needed hard specie (precious metals) to fund their war efforts and needed to grab it from whatever source. You can all guess where the silver and gold were bound now can't you? Anyway, from day to day business, you all know damn well that paper money instruments work just fine. What you don't understand is what money must represent; splitting the barter which never goes away, and so if these pieces of paper somehow do not agree with the actual barter in society, that money is suspect. The music stops when money is no longer accepted in trade or when it becomes so rare that nobody has any of it.

I have seen some of this colonial money in some collections, but never have I seen in person, to hold in my hand, a Continental, real or counterfeit. I doubt you'd be able to tell the difference without analysis of the actual materials, especially the ink used. The original paper currency of the United States remains somewhat rare, because I assume most of it was destroyed, perhaps on purpose, probably by bankers. You can get one, perhaps a $4 bill, which says it is the Continental Currency of the United Colonies for $350.

I want you all to remember that the inflation in Continentals was due entirely to Bank of England instigated (yes, I'm accusing them directly!) counterfeiting of Continentals! And of course there was a lot of trade between the new United States and Britain and all accounts were inevitably settled in silver and sometimes in gold. This meant that one could actually buy precious metals with Continentals. So how do you drive up the exchange and break the Continental? You print up more Continentals and then start trafficking them for goods by offering more of them in trade for some measure of goods. The new government of the United States could not deficit spend into infinity, so they had no way to contribute to price inflation. The reason for the Constitution was so that the new American government could borrow money. The original US government bought far less than any government that followed it under the Constitution of 1787.

The reason Congress was forbidden under the Constitution from issuing or printing any paper money is because the Constitution was first and foremost a formative commercial document intended to bring the new American government into the worldwide fold of the money lenders, who have always controlled gold and silver from mines to markets, and THEY didn't want any of the governments to be issuing their own paper money; oh no, they had to borrow it all from a bank, of course. So, who really won the American war of independence? Whose money do we use anyway?

I'm not really surprised that most people don't know what the Constitution really was and is. It was and is a commercial contract with the rest wrapped around it. The Bill of Rights is the ONLY part of it that is ours; our part of the agreement was the rest of it. We held the government and its creditors to the Bill of Rights that THEY were supposed to respect and never breach. But THEY are dragons and will “do as THEY wilt” and so it is THEY who have broken all ten of the amendments and have wrecked for the most part all of the foreign policy of America to stand for the whims and adventures of rich CAPITALIST rascals, both foreign and domestic. Most don't know that because after all, most of us attended government schools with THEIR own agenda embedded so deeply inside these bastions of statism, that we would never have found out for ourselves until we took the trouble to find out for ourselves what became the obvious, right in front of us, as it crossed our careers and lives.

Most don't know that the Constitution was literally voided as a valid contract back in 1861 when the Southern states exercised their perfectly legitimate natural right to pull out of an agreement that was clearly against their own interests. Perhaps gaslighting has been around much longer than we think; the fraudsters tell you that some agreement they made with a pack of foreign bankers is really the people's when it was drawn up in secret, under armed guard, and then pushed through all the state legislatures to get the thing accepted as we suppose it was. What did it say up front? We the people, etc.? All a huge sales pitch for national indentured servitude to international banksters from then on! So until we have a thorough audit of the Constitution, specifically how every last amendment after the 13th was enacted, including the original 13th, that we want back, the repeal and repulsion from law and society of the 14th, 16th and 17th amendments and probably all the rest thereafter as not duly ratified under the actual original terms of the document itself. We know almost for certain that he 14th amendment and all law connected to it, all the so called “civil rights” which defy all natural rights, of right should be totally abolished and all so called law and rules following from it ripped from the statute law books across the land. But that's not what this blog is about. Promoting a complementary monetary system is enough of a challenge.

So what is Dennis going on about now? He isn't alone. There are plenty of people out there thinking along the lines he sets forth. We'll explain as we parse his remarks:

(1) Rescind the Federal Reserve Act of 1913 and replace all Federal Reserve notes and check book balances in all U.S. banking institutions (and any other domestic credit-creating institutions) on a 1-to-1 basis with U.S. Treasury-issued dollars and U.S. Treasury-denominated bank balances.

First off, this is what Lincoln did and what Napoleon wanted to do. It is the same idea promoted by Bill Still and others. Is any of this possible? No, it isn't. Why? Because THEY (usual suspects as described elsewhere throughout this blog) run the show … until THEY don't. What would it take to remove THEM? Elections? What have we learned lately without a question of any doubt concerning any elections? So what does it really take to bring these things about? Power other than civilized is violence. Are you suggesting that we advocate preemptive violence? We will leave that to THEM. What do we decide to do when THEY bring violence upon us for distancing ourselves from THEM? THAT is the real question more of us should be asking ourselves right now. What will be our response? We know already that THEY initiate violence in order to encourage more violence; organized violence = war, which is very profitable to the bankers and military industrialists. It's our response to THEIR expected initiation of violence that we need to decide upon. But that's not the purpose of this blog either.

Now, what have we said about the difference between barter and money? Barter is simple trade of things for things or sometimes services for services: a trade among time worked for goods and services. If rather than excepting something traded for barter, one gets a token used as some kind of exchangeable measure of value for fulfillment of barter either soon or later, then whatever that token is becomes money.

If we use gold and silver coins as tokens and refuse to account for any trades using them (what some people imagine they want), we are still operating at the level of whole barter, because both silver and gold have other uses besides as money. The third party in any trade using them is the dealer you bought your coins from.

But if we add the accounting and tokens are made of paper, then we move away from whole barter to split-barter. However, barter never went away. A return to barter is a return to whole barter which would plunge society back to times when life was truly nasty, brutish and short.

One other point: since gold and silver are commodities and since there are other monetary systems, there are speculators who do not make money unless prices change. So today that chunk of gold buys one thing and the next day something else. Precious metals are many things, but one is that they are relatively scarce and this is believed to prevent the money losing its purchasing power.

So tell me, have you ever taken precious metals in pay for any work you have ever done? Right, I guessed that no one out there has actually received trade for their labor in silver or gold. According to the US Constitution, all of us should have been paid in nothing but gold and silver. Have we? So you tell me where the fraud lies and how far back does it go?
Dennis (and others) suppose that all we need to do is replace the outer accounting in the PRIVATE Federal Reserve with an inner accounting within the PUBLIC US Treasury department. Do you ever expect to see anything like the transparency required to do this? All this proposal has ever meant is to exchange one set of knaves for yet another, and since the revolving door still operates, and will operate too, between the Treasury and the private banks, what's the difference? FRN's or TN's? There is no difference.

Then we have the real issue of backing. If all the money issued under such a scheme were taxed back and re-spent (that is there would be little or no borrowing from the public), the money supply would be fully backed, but eventually not be able to keep an economy going due to depreciation of assets not of the money itself.

The governments are the first buyers under such a system and why should that be? Right, it doesn't belong to any government by any natural right; it is a scam perpetrated on the general public since forever. And they buy what they want rather than what we want. This is where I compare whining people petitioning their government for spending changes as similar to kids in the back seat of a car complaining about how their father or mother might be driving the car.

So, all this commotion concerning taxpayers' money is strictly speaking horseshit, because ALL money collected by the IRS goes directly back to the central bank for payment of interest on the government's loan of money from THEM. The public debt can get stratospheric, but the game continues and just because you might have some other idea and may think so doesn't make it so. Most taxpayers think the money they pay in taxes is actually theirs too. It isn't and everybody is a debt slave.

But back to backing. All that money that was spent was issued by the government, an actor in the economy that cannot sell back into the market what value was represented in the money they spent. So all that money must be taxed back to be backed for future spending. It isn't of course, so it floats around starting from the winners of government contracts, most of which buys rapidly depreciating products (anything that can't be sold for what was paid for it) so that money is lost. The rest of the money flowing from the font of government spending dribbles down until a few have enough money to offer others work. Understood? This solution does NOT solve anything! But we don't care as we expected that it wouldn't anyway. It has already been tried and THEY put a stop to it because THEY control states.

First we have to get away from the most obvious misconception: NONE OF THE MONEY WE HAVE EVER USED IN OUR LIVES ACTUALLY BELONGS TO US. All the baloney I hear every day about protests about government spending OUR TAX DOLLARS is complete foolishness. NONE of the money we pay in taxes is ours even if we earned it with real work. Terms of our labor and payment for labor are indications of our slavery, not of our freedom.

(2) Honor only the repayment of principal on all presently existing financial contracts in the U.S. Federal Reserve banking system and prohibit the interest payments on these fraudulent contracts. Payments on principal for these presently existing financial contracts are not to be extinguished from the money supply, as is heretofore the case. Prohibit all future lending by any banking institution of funds which do not originate from actual savings of the holders of the new U.S. Treasury dollar notes and U.S. Treasury denominated bank balances and stringently require any interest charges to be determined solely by the two parties involved in these valid loan contracts. (A valid loan contract is an actual lending of the previous savings of one party to another party for a stipulated time period.)

Now this is a lengthy and weighty paragraph, so we'll wade into it

Honor only the repayment of principal on all presently existing financial contracts in the U.S. Federal Reserve banking system and prohibit the interest payments on these fraudulent contracts.

Any sensible person would regard this as the honoring of fraudulent contracts when the rightful penalty by real natural law would normally be TWICE THE PRINCIPAL to be repaid … to who? … by the perpetrators of these frauds. So are these really fraudulent contracts?

It depends on one's perception. If one thinks it is natural to have a dragon you are forced to live with in your house, then I guess maybe. But again, what power does anyone have to actually accomplish this? And then, so what? What one has to get through one's head is that the state and the banks are both not just necessary evils, they are damned evils that imperil life itself, that we do best to stay away from and out of, in order to avoid being caught up in their games, frauds, schemes, blood sports, etc. The message has always been “come out of her, my people” and to build a monetary system in parallel with THEIRS and begin using it, so that when the worst possible happens, we will have our own money in place to eventually repudiate and renounce any of THEIRS.

Payments on principal for these presently existing financial contracts are not to be extinguished from the money supply, as is heretofore the case. 

Honestly, we don't care.  It's THEIR money, not ours and if THEY can't maintain an economy, even for the grand and stated purposes of looting the rest of us, then the rest of us have the right and the ability (there are many very gifted people out there whose talents can find no natural market) to form our own peer to peer networks and institute our own monetary system. 

ATTENTION: NONE of the cryptocurrencies are yours. These are more of THEIR frauds. We don't give a damn who is behind them either. So what? They are not from and of us. They are in fact false paradigms based on an idea of a rare artificial commodity pricing all other commodities. With all due respect, the ways most of these come into existence is by methods that none of us would regard as real work; so called mining does not impress us, sorry (not really).

Prohibit all future lending by any banking institution of funds which do not originate from actual savings

This is one of the pillars of the proposed Valun based system. One cannot loan to another that which one does not already have. Logically all loaned funds must have originated with savings. All loaned money in the proposal must have come into existence first; no lending institution can ever create money out of nothing, because they have a special right to do so. This is usury and theft from everyone else and is absolutely prohibited in the proposal. One cannot be forced to pay back that which was never issued. It benefits money lenders above all others in society and we will have an end of it!

of the holders of the new U.S. Treasury dollar notes and U.S. Treasury denominated bank balances and stringently require any interest charges to be determined solely by the two parties involved in these valid loan contracts.

Yes of course, but we go one step farther: in the proposal, since rents of money lent must be paid and agreed to by the two parties, and since compounding of interest (another huge scam) is forbidden, all rents of money lent must be paid up front from again existing sources of money. In this way, usury is a defeated dragon. If one cannot pay the rent for borrowing money up front (to be maintained for all credit contracts above one year in length out to 49 years), then what business have you to be borrowing money anyway? Better to find something useful to offer and sell it for Valuns. They will be worth earning!

We intend to reinstate a robust economy by encouraging work and savings and discouraging debt and maintaining our Valun as a superior vehicle for preserving purchasing power over ALL possible contenders, or else why bother? The Valun will be worth saving, especially as the natural economy in peer to peer networked trade builds.

You'll notice something: there is never to be allowed a means whereby those who didn't make something (real wealth that produces an income or it isn't wealth) can be taken away by those who only had the credit money to buy it out from under a debt encumbered owner. Yes, wealth building and wealth preservation are very much of interest to us and at the heart of this proposal. Everyone who has been serious about these matters knows it too.

(A valid loan contract is an actual lending of the previous savings of one party to another party for a stipulated time period.)

It will be the case under the proposal. All credit contracts are voluntary and under agreed upon terms and fulfillment of contracts will earn you notice and respect among all the other members of your local exchange or any other Valun exchange member you might deal with.

(3) Fund infrastructure projects nationwide which cross state borders with U.S. Treasury-issued currency in amounts proportional to the population of each state affected and without leaving any state's cross-border infrastructure needs unfunded. These infrastructure projects are to be authorized by Acts of Congress and can include, but not exclusively of other examples of infrastructure, roads, airports, harbors, waterways, pipelines, electric utility lines, high speed rail, etc. all such projects being put out to bid to private companies on a competitive basis. 

I hate to break it to you all, but all such spending is actually unconstitutional (see Article 10) and it is the responsibility of each state to deal with financing its own infrastructure. Else, if allowed (and of course it has been), then this is some false stimulus to an economy that hasn't been asked of by the people involved whether they wanted to have or fund such projects or not.

The American interstate highway system was based on what Hitler had done in Germany and admired by Eisenhower and others. Spending for it was considered part of national security and all the roads and overpasses were supposed to accommodate any military vehicles. But whether or no, we are more concerned with rebuilding the local economies in all countries everywhere and we are sure that as each community thrives, its own ability to finance paving the roads, etc. will improve.

One contracts for all infrastructure jobs the same as for any other construction and most graft can be least practiced where better exposed at each local level. Since at present, the proposal does not allow governments or non profits to become members, the future dealing with these in Valuns would require local bond issues in Valuns and again, where is that money to come from? From the savings of those most affected in their own areas.

(4) Fund the U.S. Military with Treasury-issued currency. 

Again, what the state decides to pay their military personnel and with what is their business. All we say is that we allow every past or present military person in our communities the right to earn Valuns along with dollars and to be paid in Valuns as well as dollars regarding any pension benefits. We want and welcome these military people and their families as members. They have mostly been mistreated by society and deserve our help too. And we will need their help. 

(5) Fund Disability and Medical Insurance for all U.S. citizens with Treasury-issued currency, awarding contracts to private firms for such services on an openly competitive basis and in such a manner as to apportion the created funding according to each State's population.

This is also strictly speaking unconstitutional. When did we ever get it into our heads to ask the government to reduce risks for people's health? If people want health insurance let it be competitive and private and it would produce the best results within a certain price range for services. So if you're talking about providing such for the poor, then again you're breaking the Constitution. Why did we have poverty and why do we still have it? There are many perfectly natural factors including natural disasters and unforeseen calamities, epidemic disease outbreaks, structural changes in the patters of employment as industries shift from one phase to the next. Even regular household products eventually reach a saturation point. How long before the number of products produced can no longer be sold even at constant levels of production? What is particularly irksome is the notion of entitlement to goods and services where none really exists: there's no such thing as a free lunch. That's true even if you eat your lunch at home too. So what's so different about healthcare? Is all the medical insurance in the world going to guarantee your next heartbeat? THERE ARE NO GUARANTEES and expecting far more than is reasonable from perhaps wanton disregard for health risks is … naturally to be borne by the person taking the risk, not the rest of society.

But how would our proposal deal with this? First of all, anyone who has been living on a pension since Valun inception (11/2/11) gets the accumulated pension and payments thereafter in Valuns plus monthly payments in Valuns equivalent to what they receive in public money. That starts all seniors with an issuance balance that may be quite large. If they need help and people are willing to contract to help them in Valuns, then … maybe other alternative forms of medical treatment will finally be able to be adequately paid for what they're worth, etc. Our proposal would inevitably break the grip of THEIR medical dictatorship of the pharma (sorcerer) drug cartels.

 (6) Continue to fund Social Security retirement liabilities separately by a tax on workers’ incomes throughout their working life and absolutely sequester these funds from any outflow payments other than to retirees. 

THEY can do as THEY like. We have already said what we would do for all and anyone presently living from a pension. They would be able to issue Valuns equivalent to what they received from THEM in THEIR money. Many who are retired might choose to become useful capitalists (providing finance for items that require it within their communities) or might be willing to buy into health coverage plans set up by health practitioners to be paid in Valuns and enough public money to cover taxes. What this does is relieve the system from any extra strain as the 1% who already have 97% of all the financial assets sure could use it more than you need to support your health. And furthermore since none of THEIR money is ever yours, you are making deals with dragons anyway. Better, far better for each to have their own and know from the outset that it belongs to each member.

(7) Abolish the Federal Income Tax and institute a federal sales tax with a varying yearly tax rate adjusted by the U.S. Congress in session, the sole aim of such adjustments being to maintain a stable Consumer Price Index based on data collected by the Federal Government. Any such sales taxes taken in by the Federal Government are simply extinguished from the currency supply to keep the Consumer Price Index stable or decreasing. 

Everything mentioned here is of course THEIR business, not ours. We have to get used to seeing things that way so as not to be confused or abused. First we have the notion of the money being the responsibility of the state. What an atrocious idea! We take the most important function we have, an extension of our will, our fiat and award it to a bunch of known knaves and scoundrels! Far better to join with your friends and neighbors and OWN one's own position in one's own money system (you see how the state and THEIR money system atomizes everyone so few actually know ones friends and neighbors anymore, something else this proposal intends to change). At present I regard the repeal of all income taxes everywhere as necessary to promoting freedom, but I'd give less chance of it ever happening, until the government is literally declared a joke and the bankers taken out to the gallows than …. than that a teacup orbits the planet Mars. None of that concerns this blog. We have to live with taxes as they are imposed by law and law is FORCE. 

(8) There are to be only two federal taxes levied on the American citizenry: sales taxes, receipts of which are extinguished to prevent inflation; and social security taxes applied to retirement accounts. Thus there is no need for the Internal Revenue Service. That agency is hereby abolished and the 16th Amendment to the U.S. Constitution voided.

And after all is said and done, can any of this be expected to be accomplished short of violence and if then just what would you have? It wouldn't be any freer a country and a lot of innocent blood might be shed over a reform that would accomplish little or nothing. 

I have two BIG criticisms: 1) All of it applies to states not to us so I don't really care as it's nothing any of us can do anything about and as I said there are no guarntees that any of this would help anybody moving forward. And 2) all of it concerns itself with THEIR economics based on THEIR ideas which are NOT SCIENCE! Even if they were, this blog has adequately disproved most of THEIR economics and will continue to do so. Bring it on! I was once on the inside so I know damn well how bankers operate; mostly as pirates open for any opportunity to make money on money without work. OK? 

The Valun system places issuance of money squarely where it belongs; with each one of us, not some government or bank, because WE WILL (fiat) and whether THEY can FORCE us to accept certain things, ultimately it will all be foreign to us; THEY have stolen our fiat which is ultimately why THEIR system fails and has done so many times before this and shall again. 

So regardless of what THEY decide to do, we had best decide to do what we need to do for ourselves. Hasn't that been clearly expressed throughout this blog? The real question is what level of testosterone has the system left the average person? Why so few responses? Hmmmm?

David Burton 

[9/28/17 Q: Have you seen this? Specifically what do you say concerning reliance on electronic or electric networks? Is it ever possible to hide anything from governments? Boris in Minsk

A: I wouldn't know, Boris. I suspect that criminals who defy natural law against LIFE, LIBERTY and PROPERTY of other people, whether they represent states or not, are still criminals. Crime likes networks and tends to operate under hierarchies where the pay starts from the top and trickles down; gangsters hiring other gangsters to do crimes with “plausible deniability,” etc.

Our proposal recognizes that all value and determination of value originates in each one of us, we determine and maintain a standard, we support natural law, we support natural human rights, the rights no one has to go into some fake admiralty law court to decide.

Our message is to provide a means to finally “come out of her, my people” instead of figuring out how best we can deal with “necessary evils.” So no, crime being crime, I suspect that the same kinds of people who consistently break the basic law stipulated in the American Bill of Rights, will continue to do so; THEY usually take whatever they like because THEY live under “do as thou wilt” rather than any law. THEY live by brute FORCE, the law of the jungle. THEY commit terrible crimes and never get justice for what harm THEY have done.

But yes, we do see the problem with reliance on electronic or electric reliance for money and monetary systems. Obviously our V-Check proposal for cash instruments provides some help, but ultimately as we have consistently maintained, money always involves three people; the buyer the seller and the accountant. Money is accounting and all reports required to backup accounts MUST be on paper.

Q: Could you ever see the Valun as carried over a blockchain network? Eric in Zurich

A: We aren't even off the ground. It takes recognition by lots of people to get something like this going. We appreciate what the blockchain is supposed to represent, and we are aware of how the basic concept works, but all we could see as a benefit is that all transactions will be both encrypted and separated from each other and presumably could be transmitted faster as the blocks do not need to be any bigger than 256 characters. But we don't care about a service that carries the accounting around with it. All the accounting needs to be done locally even though we use the same ledger.

The biggest difference between a Valun and a bitcoin or any of THEIR money is that all Valuns are based on a transaction that has already happened, so there is no speculation or opportunity for speculators within the proposal. The daily exchange rate is merely today's value of that initial transaction. We want our money to be a steady yardstick of value, immune from the usual causes of price inflation and thus all notions of money being a commodity pricing all other commodities and that money must be a purposely scarce commodity are demolished by our proposal. Ours is not a “buy and hold” investment as ALL cryptocurrencies are. THEIR system benefits those who live without work, the real sponges on society at or near the top. Our proposal recognizes that the fiat to issue money is a natural right of each of us and we propose a framework to make that recognition a working reality.]

#0: Gordon Long – Markets in Delusional Phase

Gordon Long – Markets in Delusional Phase
You have consistently said that capitalism is money earning money without work and yet Gordon Long says that capitalism is where companies invest their savings, called profits, into productive assets which in turn create savings or profits that are reinvested into assets, etc. This enables capitalism to work for the betterment of us all. What have you got against this?   Marvin in Utah.

Gordon Long is simply equating capitalism with free enterprise. Since we are about eliminating confusion not aiding it, we draw a REAL distinction between the two. Mr. Long has made enough money to not have to work anymore; he doesn't add anything more to the economy through work; spending time away from the rest of his life for which he is paid, wherein one performs some productive service. Mr. Long does spend time managing his money, but we do not accept that as honest work, sorry! He is a capitalist in that he fulfills our definition of being one; someone rich enough to makes money on money without productive work. Also notice that Long indicated that productive assets were to enhance or improve productivity. Whose productivity? The productivity of all the human factors in any business. But what are the limits to productivity? The market supposedly determines this; if you produce more of something than a market can absorb, you may have excessive inventories that depreciate rapidly, especially if the goods are perishable. If they are not, they nevertheless may depreciate. Depreciation of inventories is often figured against taxes. Since what Long describes as capitalism is really free enterprise, we support the growth of free enterprise which must of course always be private, so let's make that private enterprise. As far as his analysis of the present system goes; THEIR system that we have all stupidly just allowed to assume authorities that it doesn't even deserve, our folly, his analysis is correct. This is just another reason why we need our own money, even people such as Gordon Long will need his own money. Be seeing you.