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| The basis for all the proposed money in our parallel market, hence, our parallel economy, is this single transaction. |
This
paper is going to cover a variety of topics related to this blog's
proposal.
Aren't you suggesting just the same thing as a guaranteed income [THEIR proposed Universal Basic Income] if you allow any money to be issued without work? Isn't your “natural socialism” about the same as a proposed minimum monthly stipend? How is it different and why have it?
Yes,
we will address this, the resurrection of any and all pensions to
100% of their value in OUR money back to Valun inception Nov. 2,
2011. We need it to establish a firm footing for independent finance
within the private market established within the proposed Valun
exchange network (ven) of all operating exchanges nationwide and
worldwide. To the question;
1) Aren't you aware that we live
in a world where people make money on their money all the time for
doing nothing? (This is capitalism as opposed to free/private
enterprise, which this blog advocates) How do you know that they
came by their original money by honorable means? You don't. How do
you know they paid any and all taxes on it? You don't. How do
relatively poor people enter “public service” and end up
millionaires or billionaires? We know and frankly don't really care.
Yes,
as a matter of fact, as we have said all along, socialism is what
defines a failing economy. It is the crumbs given out by capitalists
through THEIR fronts, the governments, to compensate for THEIR
looting of an economy.
So
how does all current fiat money enter a system? As a debt to a
central bank that the government takes out as a loan at interest as
the bank's best credit risk customer. The bank's liability is an
asset to them; they have a claim on the economy for said amount of
whatever goods or services the economy can provide for the money
lent, from nothing or not, it actually doesn't matter. That's the
way the present system works, for the benefit of the bankers, and the
preferred government contractors; the arch grifters of society, not
those working people paid for time out of their lives to do service
for others or who have produced or grown anything of value. The rest
of the money floating around was borrowed into existence from banking
sources down the line from the central banks, all lent at interest
that must be paid from a supply of money that doesn't include it;
literally the demand back of uncreated / unissued money. Since THEIR
money supply does not include this money, someone will not be paying
back their debt and shall economically fail as a result. We call
that the inevitable “musical chairs” effect of any and all
genuine usury driven societies.
What's
the difference between a bank issuing money and you or I doing it?
Here's one of the differences; there is no interest to pay to
anyone.
2)
When we issue it, we make the choice of what to buy, usually
employment, when THEY (usual suspects) do it, the state has first buy
and certain sectors of the economy are benefited disproportionately
compared to others; anything having to do with war making or
profiteering on the backs of the already downtrodden.
3)
Reliance on loaned money and payment of interest from money that was
never issued insures that all money will be tight and scarce no
matter how much is issued in this way. Bubbles are literally
required else economies die, but bankers are lured into the biggest
deals involving the least risk. The little people mean nothing to
them, increasingly dealing with car and home loans is becoming
onerous to those who would rather gain the sure thing in the equities
markets as long as interest rates are low or near zero or even
negative, where you pay someone for holding your money, which is
actually THEIR money in an account with your name on it.
A
Valun system would run in parallel with the existing system, each
hour worked would produce eventually several Valuns per hour and
there's no interest to pay to anybody. Furthermore the more
industrious people are, the better they do; this system promotes
productive activity. Since THEIR money is required only to pay THEM
taxes on the profits of our money, strange but true until it isn't,
then our reliance on THEIR money is thereby reduced.
What's
the glue that holds it (THEIR system) together, that engenders lower
risk than elsewhere for THEIR money? Patents and copyrights,
intellectual property. The stolen ideas and techniques of others for
the benefit of those who make money on money without actually
working. Any idea placed into THEIR patent and copyright system is
ripe to be bought by speculatively interested capitalists.
So
no wonder there's a limited economy with THEIR money. THEY are
getting exactly what THEY intended, keeping everyone on a shorter and
shorter leash through imposed scarcity of money except among the 1%.
Notice the general war on cash and we just found out that one thing
that's possible in cryptocurrencies is the tracking back from point
of sale to the producer of a wide range of products. All sorts of
things suggest themselves as that quality issues are all related to
efficiency of scale being exceeded, poor -corrupt or overpaid-
management, etc. Hence, knowing this kind of information from
blockchain technology automatically disqualifies all cryptocurrencies
from consideration as cash because none of these sales is anonymous.
The
current economy is normally in a deflationary scenario despite
inflation caused by money being cashed out and returning to home
markets, where it ends up in the equities markets until interest
rates rise and then they'll flood into the debt markets, which are
anywhere from ten to a hundred times larger than the equities
markets. Having decent debt markets is fine. It has always been
debt to whom and in what money that has mattered as pertinent
questions. It also matters as in a Valun system, that all rent of
money is from money that already exists, not as under usury.
Q:
what happens to any money that is lost in a stock sale? A: It is
gone, perhaps forever, never to return, because stocks have and can
become worthless and the currencies that measured them along with
them and none of that has anything at all to do with anything you or
I do. That's how all money dies, through depreciation, the inability
to cash out of something for what one paid for it. Things lose value
and money dies with them. So are you beginning to understand a
little bit more the significance of this proposal?
If
everyone of our A members is capable of issuing money, all of it to a
standard adopted by us all, the proposed Valun, then we buy with it
whatever we want most and eventually everything else with it,
including the land, as we intend our money system to last, since it
corrects the frauds of the present system and besides it would really
be our property, not THEIRS. What does having a strong claim on the
2nd Amendment demand? That you accept a right to protect
what is actually yours. Understood?
4)
We accept as usual and normal for some people to have a claim to a
living from others around them, chiefly members of the same family.
Families to communities. Communities to nations. The proposed Valun
system strengthens it all. This is where we ram straight through all
existing schools of economics. We see it from the standpoint of the
little people in this world, not from that of the high and the
mighty. If the invention we call money is to last and benefit us,
we, the people, NOT “the masses,” then we must resolve to join
together in a certain way to make it so. Women and children
were supposed to depend on what could be brought in by a breadwinner.
This is the root of natural socialism. Anything else is frankly a
state tyranny and hence illegitimate as socialism and is not allowed
within the proposed association.
Maybe we should make this
point straight too. We have in cultures extending back at least
4,000 years the idea of a family holding, a pile of money that is
intended to serve the emergency needs of family members that is
collected from family members only out of the proceeds of exceptional
business or trading activity; increase over and above normal income.
We'd organize these as B member holding companies and the accounts
would have an increasing pile in their Retained Earnings balance as
family members would make their contributions, all of which would
have to be from money on which taxes had already been paid. All the
principal benefactors of the family would be members of a B
membership company. Of course a family member might have
responsibility for the holding company and desire to place funds into
credit contracts with other entrepreneur finance businesses within
the developing Valun system; people who financed furniture, parts,
recycled anything, cars, etc. and thereby over time increase the
holding company's assets. We will allow certain avenues to make
money on money without work as long as they obey the rules.
Distributions from the company to family members would be made when a
recognized need arises requiring financial aid. Yes, this was and is the rightful tithe.
The
organization of exchanges is going to begin conceptually with
existing political demarcations. In the US, that would be the county
level. Under the proposed IVES identification system, the United
States is 3-23. In the United States, a
county is a political and geographic subdivision of a state. Of the
50 U.S. states, 48 states are divided into a total of 3,007 counties.
The number of counties per state ranges from the three counties in
Delaware to the 254 counties in Texas. We will give examples from
the US.
After
the first 3 numbers identifying continents and countries, there are
four numbers that identify the states and the counties. Here's how
that further breaks down:
IVES# State #of
counties
00 DC
01 Delaware 3
02
Pennsylvania 6701 Delaware 3
03
New Jersey 21
04
Georgia 159
05
Connecticut 8
06
Massachusetts 14
07
Maryland 24
08
South Carolina 46
09
New Hampshire 10
10
Virginia 134
11
New York 62
12
North Carolina 100
13
Rhode Island 5
14
Vermont 14
15
Kentucky 120
16
Tennessee 95
17
Ohio 88
18
Louisiana 64
19
Indiana 92
20
Mississippi 82
21
Illinois 102
22
Alabama 67
23
Maine 16
24
Missouri 115
25
Arkansas 75
26
Michigan 83
27
Florida 67
28
Texas 254
29
Iowa 99
30
Wisconsin 72
31
California 58
32
Minnesota 87
33
Oregon 36
34
Kansas 105
35
West Virginia 55
36
Nevada 17
37
Nebraska 93
38
Colorado 64
39
North Dakota 53
40
South Dakota 66
41
Montana 56
42
Washington 39
43
Idaho 44
44
Wyoming 23
45
Utah 29
46
Oklahoma 77
47
New Mexico 33
48
Arizona 15
49
Alaska 27
50
Hawaii 5
Now
after that, we're going to assign exchange numbers to counties as
they organize themselves and we want three counties in each state to
organize together. For states having more than 99 counties,
hexadecimal notation is used. The following are given as mere
examples:
1) The state of Delaware has only 3 counties so the
IVES numbers for these exchanges would be 3-23-0101,
3-23-0102 and 3-23-0103.
The state of Delaware could organize all at once.
2) The
state of Texas has the most counties at 254, therefore the exchanges
in that state will run from 01 to FE hex.
The state of Georgia
would run from 01 to 9F hex.
The state of Missouri would run from
01 to 73 hex.
The state of N. Carolina would run from 01 to 67
hex.
Etc.
Not all of these numbers may be used, because
some counties will have so few residents that they can't form a local
exchange, while other places might have many exchanges operating in
the same county, because that county has lots of people living in it.
If the number of exchanges rises above 99, switching to hexadecimal
gives us 255 identifications within 2 places, but what if there are
more than 255 exchanges within a single state? What we do then is to
concatenate the state number with the county number and convert the
entire decimal figure to hexadecimal notation. This gives us a total
of 65,535 discreet identifiers in 4 places which should be
sufficient.
For instance, Texas is likely to need more
discreet identifiers than anyone else even though Loving County,
Texas has only 67 residents and is unlikely ever to form an exchange
and there are six other counties there with under a thousand people
living in them. On the other hand, California has Los Angeles County
with over 9 million residents and is likely to form as many exchanges
as in the rest of the state.
For
California, IVES identifier 3-23-31, if
every county there has an exchange they would fit within 3-23-3101
and 3-23-3158 numbering just fine. But as
soon as more than 99 exchanges happen in the state, the numbering
system for them all switches to hexadecimal where 31
is concatenated to the number of the exchange, let's say 100
and the hexadecimal equivalent of 31100
is 797C in hex, so Hawaii at 50,
were it to have 100 exchanges would be 50100
to C3B4 in hex, 50256
would be C450 and 50512
would be C550 Etc. There's plenty of
space to identify lots of places. IVES of course would know all of
them and provide handy Ask IVES apps for local exchanges to use in
validating V-Checks from other exchanges.
In
addition to these numbers, each exchange will assign cash accounts
for each of the denominations of proposed V-Checks initially from
the Half Valun, through the Ten Valun. We would really like to
stimulate cash (anonymous) exchanges and the trust of our personal
checks as well, as the will and honor of our people is better known.
THAT my friends is upon what one bases one's trust of any money
system.
We
would eventually like to see the following full set of V-Checks:
V1/2, V1, V2, V5, V10, V20, V50, V100 and V500. Who exactly runs
the cryptocurrencies? Does anyone really know? These cash account
numbers would be known to the exchange officers and IVES only and
would not appear on any V-Check or be known to anyone else.
The
printed paper V-Check is the outward representation of the Valuns on
these accounts. They got there when the member requested cash from
their account and the Valuns were transferred from the member account
to one or more of these cash accounts and nothing is charged to the
member for doing this. The process can be done immediately upon
request by a counter clerk at any exchange or Valun counter. It's
similar to buying traveler's checks but hopefully easier.
All transactions are tabulated and verified within hours on the same day, certainly all those occurring within the exchange. We did it that way in the old days and survived long before the internet appeared. We have finally come squarely back to understanding the imperative use of paper ballots only. The dullest pencil is always sharper than the … how did that go again? You see. We will need lots of paper and ink, not digits and what did someone call cryptocurrencies the other day? Oh yes, “thin air.” What have we been saying all along? That money is accounting and the tokens were just instances of the accounting.
So what then of pallets of cash, makes no difference from whence, that are flown here and there in big airplanes? Each one of them was printed and yes, accounted for by their issuing institutions. Do you suppose for an instant that THEY are unfamiliar with verifying every last one of those pieces of paper as valid money? Of course THEY are. That even goes for bogus plates with THEIR list of possible serial numbers too. Do you see where I'm going with this?
You
have perhaps been misinformed all your life that money had nothing important to
do with accounting and was merely the external objects of
trade, whether they be disks of precious metals or nicely printed
pieces of paper. No, my friend, the accounting is everything.
It's not too difficult for the literate person to understand and as
I've said before, everyone in the world knows what banknotes look
like and even the illiterate know how to use them, so why dispense
with them? So that some people who demand to make money on their
money without actually contributing anything can have their slice of
the action of others making random and routine decisions about where
to spend their money, which isn't even theirs? You see where this
goes. Cryptocurrencies can perhaps mask who the buyer and seller are,
but if all the transactions can be traced, then what is that? More
snooping in on transactions? You see where this goes too. And
lately, not much to our surprise, we hear that some wallets have been
raided of their coin. Trying to set up a monetary system on the
internet is like setting one up in the middle of a superhighway. A
good place to get run over not to settle business.
V-Checks will be printed as numbered blanks to be stamped with an expiration date by the clerk at exchange or counter. On each V-Check, running along the bottom of the obverse side will be a series of eight numbers or letters defining the registry of each one in the series. On the upper right hand corner of each obverse side of a V-check will be a space where the expiration date goes. It will be stamped either with a permanent ink stamp or with one of those which punches a date in holes through the paper. For instance a V-Check from New Jersey would have 3-23-0318 241A532D on it. Because we want to help the clerks do their job fast, it would probably look more like this:
3-23/0318
241A532D
The
obverse side would also indicate how many Valuns and say something
like Bearer hereby tenders said number of international standard
Value Units. The reverse side would indicate the number of Valuns
and feature an ad for a local business. In fact, we've given
consideration to offering ads that look similar to those sometimes
found on church bulletins.
The obverse sides identify the
exchange and would feature some scene or landmark from the area of
the exchange, an identification of the exchange and of course the
IVES symbol.
We
started this discussion answering a comment by someone claiming to be
a libertarian / free market / capitalist who values precious metals,
self reliance and preparedness. What of those in society who cannot
earn a living? Some of them might be related to you. Sure, some
have their problems. What would a Valun system do for them? What
would doing for them do for you? Do you understand how being part of
something like this in your own neighborhood would certainly build
more self reliance and preparedness among all involved? You can't go
it alone. In fact, anyone thinking so is deliberately playing right
into THEIR game. Yes, “come out of her, my people” is the
message. But out of her into what? Not into being alone and
oblivion.
Community
will perhaps be forced upon us by natural circumstances as the earth
is definitely changing by the day; we need each other to survive and
eventually to thrive no matter where we are or what we decide to be
doing. This proposal offers a direct way out for each and every one
who embraces it, but it will require all of us to get together to
make it a reality.
What
could happen. The initial transaction that established the proposed
Valun could easily be eclipsed. What do we do then? The Valun
must always trade at a premium to any and all of THEIR money and
we do that by establishing a transaction between gold and dollars on
11/2/11. That's $2.16 per Valun and take a new initial value, a
bigger chunk of purchasing power, with each successive rise in the
price of gold. If our price to hold an oz of gold is $3,200 then all
Valuns in the system rise to $3.20 and then if the price of gold
falls, the Valun continues to rise relative to dollars as it takes
more gold to purchase the same piece of purchasing power. And THAT
ladies and gentlemen is how you preserve purchasing power in a
monetary unit no matter how many of them are out and about at any one
time.
The rascals of economics will surely tell you that one
cannot have too much money circulating about as it raises prices.
How can it be that all these spare monetary units would be bidding on
more than one product at a time? Since all the money does not
participate in each and every sale, the argument is dismissed, thrown
down, excised, discarded, shoved off the stage, etc.
What
causes inflation then? Exactly what Riegel said caused it, too many
unbacked pieces of purchasing power, literally bogus claims on the
economy that didn't originate in a transaction to split an honest
barter. Riegel didn't mean backed by gold or anything like that
either. He had this in mind: the government spends $10 but only gets
$2 back in taxes. That's $8 unbacked to $2 backed. Now, next go
round the government can spend that backed $2 again along with
perhaps $6 more of borrowed money. That's now $12 unbacked to still
$2 backed and $2 taxed back. The backed money canceled out the
unbacked money but it's never enough. Too much and speculation on
commodities happens and economies to scale are breached everywhere
and before you know it, you have today's ghastly messes around the
world. You see where this leads? Everything goes up in price. Oh
and by the way those who really own the money begin demanding that
the government adopt all kinds of THEIR policies and the government
can't do anything about it because all and everyone is bought and
sold with THEIR money. And you still think this blog's proposal
isn't that important?
Get back to me when you know that it is.
You'll need to help set up IVES and each county represented will
have to begin with 13 people who meet the criteria and one of them
had best be a lawyer.
Be seeing you.
David
Burton
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