1)
Why do we need more money?
Those among the 2% who have on
average 97% of the all the financial resources on earth, don't need
more money. The rest of us are expected to subsist on the remaining
3%. Most of us need more money. One hears all kinds of
pronouncements from economists, all beating the same drum; THEIR
system is fair and just and works the way it does and woe be to any
outsider whoever tries to displace THEM. Again, just who are THEY?
Broadly, globalists, bankers, elitists, technocrats, satanists (those
who have an entitlement complex to be predators on others), pedovores
(the whole range of abuse here), scribes (writers and lawyers) and
Pharisees (politicians and their sycophants). We need our own money
so that we can and will be able to move out from under THEM and away
from THEM as THEY face ultimate oblivion. We, the people, by our work and our will, choose not to follow THEM.
2)
Why should we accept the Valun?
The proposed Valun
(international standard value unit) does not change. It is
based on a specific piece of purchasing power defined by an ounce of
gold bullion for $2,160 on 11/2/11 a specific point in TIME. We
divide this by a thousand and get our Valun at inception at $2.16.
But today, the price of gold is 12% lower than at inception. So the
present value of the Valun is $2.43. The Valun can never fall below
$2.16 nor rise higher than $4.32 should gold all of a sudden become
worthless, which is not very likely.
E. C. Riegel made many
contributions to our understanding of monetary reality. He seemed to
sense that defeating the “commodity theory of money” would be
absolutely necessary, though he didn't state it quite that way.
Riegel was an autodidact. We need more of them. There were others
who saw this flaw in THEIR monetary understandings. Arthur Kitson
was one of them. With a solid unchanging reference point, we can
tell right away whether precious metals or US dollars (THEIR primary
brands of THEIR money) are gaining or losing purchasing power
compared with ours. Right now, precious metals are gaining purchasing
power and dollars are losing purchasing power.
What happens
should our inception point ever be surpassed by gold prices forcing
our initial $2,160 per ounce higher? We raise the inception point
and all Valuns assume this new higher valuation. It will never be
possible to lower the inception, therefore Valuns will retain their
purchasing power over all THEIR money. Should US dollars no longer
buy gold, the US dollar, after years of constant economists
prattling, is probably done for as functioning money, much like what
happened to the Venezuelan Bolivar. This provision ultimately results in a harder and heavier Valun moving forward against all of THEIR money.
For
example, let's say that gold surpasses $4,300 per ounce spot price.
That makes our bid price up to 25% higher, $5,375 per ounce. That
new inception point is recognized by IVES (everyone should be able to
explain the relationship between IVES and the local exchanges) and
the Valun is now $5.38. Now what happens when the price of gold
falls from there? The new valuation is going to make it more
expensive in gold in present dollars and therefore the Valun goes up
further. It may be necessary when that happens, because it's
probably going to happen, to have V-Checks representing V¼. At the
new inception, at $5.38, the quarter Valun would be at $1.35 and the
cento or fen would be a bit above five cents American.
3) How
does this help us build wealth?
Since our goal for everyone is
individual-sufficiency, individual-actualization,
individual-attainment, etc. we recognize that we will need to
interact with each other, through exchange of our work for
goods and services, we will need to organize to actually own together
that which helps us all toward our individual goals. That's one
reason Riegel called the new organizations we would require,
“exchanges.” The present monetary system cannot and will never
be sufficient to our needs. THEY already know that we seek ways out
of THEIR system, so THEY devised cryptocurrencies, so that THEY can
eventually put up their “social scoring” technology against us.
We are also flatly opposed to more reliance on the internet, which
also belongs to THEM. Our proposal understands these realities and
seeks ways out of and away from THEM and THEIR systems and
solutions.
Wealth to us, must provide an income,
or it isn't wealth. Each one of us has acquired some interests and
skills that are capable of providing us an income, therefore our
work, the time out of the rest of our lives spent earning
money (barter),
constitutes our individual innate wealth, just waiting for
expression as income to us. That extra income, from undeveloped or
expressed innate wealth, is used to maintain and build more wealth
opportunities, all intended to provide income to us. Having the
Valun as a supplementary currency allows us to grow our wealth apart
from and beside THEIRS. Eventually, as THEIR fake STOLEN fiat,
unbacked credit and “commodity money” systems are seen for what
they are, more people will want out into something else. The Valun
will be worth having and saving as well as spending and investing in
projects that actually benefit people rather than stealing from them.
4)
How does this help us ensure that our children have a future?
Valun
accounts are inheritable assets among all our members. Our children
will be the normal and natural inheritors of our assets. There is
little or nothing about the present monetary system that can be
relied upon long term and anyway, none of it actually belongs to us.
So we need our own that can eventually belong to people of our
choice, usually our families and our children.
5) How does
this proposal help local businesses?
In our proposal, an
individual gets an A member account with V200 in it. They can set up
a B member account for their own business for free as long as they
put Valuns into it. Any business can put Valuns into their business
account by submitting transactions to increase the Valuns in their
Equity balance. Any tools, inventory, supplies, fully paid for in
THEIR money can be added for their value in Valuns. There are no
transaction fees for making changes to the Equity balance, as all the
changes occur in one account. You would be building the value of
your business in Valuns. Some businesses that are already in
existence can apportion a percentage of their inventory for sale in
Valuns or some other equipment that is fully paid for that would be
included in their business.
The proposal intends to limit the
competition from “public” corporations and “public”
institutions. No B member business may be an absentee owner,
“limited liability” corporation. No government organizations may
be B members either. The intention is to limit the Valun market to
actual producers as far as possible. A B member business intends to
make money as a for profit operation. They must have
identifiable owners. An A member opening a B member business is the
actual owner of that business. Otherwise many A members can form
partnerships and all family owned and operated businesses are
encouraged to become B members.
6) How does the Valun
defeat price inflation?
Another of Riegel's contributions was
the recognition that price inflation was directly influenced by
government spending over taxation; deficit spending. The only break
on this, as we have maintained, ignored by most of THEIR economists,
is the role of depreciation of assets in the destruction of money.
The second hand markets for all goods and services actually provide a
hedge against general price inflation.
Let's examine THEIR
fundamental explanation for inflation; too much money chasing too few
goods. This idea has a fundamental flaw, which means that it's a
lie. It concerns something very simple, the observation that not
all units of exchange (money) can or will be bid on the prices
of all goods at the same time. Not everyone shares the same
interests, has the same perceptions of economic decisions, including
whether to make or buy something, whether to expand or contract
business based on risks, etc.
Our contention is that the
stability of the Valun over time, designed specifically to beat all
of THEIR money, will tend to bring prices into whatever the correct
balances between offered products and services will be and over time
these prices will become more stable. Conversely, any differences in
price, from a longer term average, will be easily identified as
caused by either temporary or permanent changes in buying habits, the
results of real physical shortages, etc. rather than the relentless
march of higher prices brought about deliberately by THEM to steal
more and more from us.
7) How does advertising help
sponsor our money?
We need to identify ourselves to each other
in ways that improve our bottom lines. We proposed that the actual
tokens in our proposed system, the six month open Valun-Checks
(V-Checks), would be the most attractive advertising we could make
it, cheap enough to circulate among us and provide necessary account
clearing information. Businesses that can afford it, would be
encouraged to buy advertising from their local exchange, that would
appear on the backs of these V-Checks. To begin with, they would be
issued in V½, V1, V2, V5 and V10 denominations. They will require
paid advertising on all their reverse sides.
8) How is
usury defeated?
The rent of money is the particular subject
associated with gaining income from wealth, in the form of money.
Wealth to us must produce an income, so besides each one of us having
innate wealth, which is free enterprise, the acquisition of more
money would enable us to practice capitalism, the making of money on
money without work.
But unlike THEIR system, all the rent
for any borrowed money must be paid up front, and very
importantly, paid out of already existing money, not as in
THEIR system, from money that was never issued over and above the
issued money supply. We have also determined that THEIR fractional
reserve system allows certain special people the authority to loan
money they don't actually have. We forbid this practice. We have
also deliberately separated the transaction clearing function from
the money lending function.
Since none of the money in the
accounts we will maintain belongs to anyone else but the owners,
there is no need for deposit insurance because there will never be
any outside lending claims against any of this money as any kind of
reserve. If someone intends on becoming a financier, they would have
to acquire the necessary Valuns to lend from those who have the most
of them at the opening of the exchange, and pay those people up front
as well for the rent of their money.
If anyone needs to
borrow money in our proposed system, they will pay the rent for it up
front out of already existing money and all compounding of interest,
allowing claims upon claims for money that never existed, thus
causing a “musical chairs” economy everywhere; this is also
forbidden.
We further make borrowed money work for the
communities it is raised within rather than some other communities
with one of our 80% rules; if a lender raises the money within a
particular exchange area, then 80% of that money must be lent within
that same area. This simple rule helps eliminate capital flight away
from where it is produced and invested. Obviously the more
productive a community is, the more financing it will have and
conversely.
No matter where one is, our proposal upholds and
supports the work ethic, which begins with our perception that all work is the time out of the rest of your life to produce or
provide something for payment in money to satisfy the terms of
barter. The erroneous assumption, another lie, is that
transactions using whole barter are different from those using money.
But in truth, barter never goes away. We just use money to set up
and clear our terms of barter, splitting the terms of the trade
between buyer and seller.
We have other practical rules for
ensuring that everyone stay out of onerous debt. The practical goal
for our system is that everyone operates in the black, not the
red
9) How is poverty defeated by this proposal?
E. C.
Riegel observed that only the poor should be able to issue money
without producing anything. He was referring to the indigent. How
do we determine indigence among our prospective members? Let's begin
by saying that any business that is running in the red is not fit to
remain in business. So businesses may come and may go, but
individual people, their needs and aspirations, remain. Our proposal
benefits any who are disabled, veterans, unable to work, retired or
homeless.
Within the United States, and eventually
everywhere else, we only have one simple question; are you really an
American citizen and can show proof of it? Many of our citizens are
chronically homeless, unemployed, etc. and we'll be honest, for some
of these people, perhaps nothing but some form of extended stays in
sanatoriums for remediation of longstanding difficulties, is likely
to produce beneficial results. In other words, this powerful tool,
important as it is, may not be sufficient in and of itself to help
the most needy.
Nevertheless we have as part of our proposal
that indigents would be eligible to issue Valuns based on some
predetermined policy, backed by a form of credit contract between the
indigent and the exchange. Since it takes two sponsors for each A
member, the indigent member will know and be known by other members
of the community. Perhaps their ability to issue Valuns will change,
perhaps not. An indigent might decide to spend as few of his Valuns
as he can, saving sufficient Valuns, so that when he has the means,
he opens a B member business and begins the process of sliding out of
indigence.
Who benefits from any extra Valuns that enter the
system? The poor will likely spend most of theirs. So who gets
them? The producers. And unlike any of THEIR money, none of the
extra Valuns can contribute to inflation directly, because the
exchange value of each and every Valun is never determined by
speculation (speculators) concerning the amount of money available to
lend, nor in calculations of the financier's take, the interest out
of money that was never created/issued.
We suggested a long
time ago that probably the first segment of the population to attract
to our proposal would be law enforcement, both active and retired,
and their grandmothers. Likewise veterans and their grandmothers.
Let's look at a few details from our proposal that have specific
meaning for these segments of our population.
We cannot
operate anything without adequate law enforcement. We need and want
these people to be part of our private economy. Whether retired or
not, we can help them. Any A member begins with an Issuance balance
of V200. Any active law enforcement may become A members and while
earning THEIR money, earn up to 80% more in Valuns. Since their
employer is some government that can't become a B member, each police
officer has a labor contract with the exchange itself operating as a
proxy. These contracts are simple one page affairs that specify how
many Valuns at what times are deposited into their Income
balances.
Now then, their grandmothers, retirees, veterans,
etc. We have another policy that says that these A members can issue
as many Valuns as the accumulated proceeds received from any and all
pensions, retirements, etc. since Valun inception on 11/2/11. If you
received Social Security since that time, you can begin stacking your
yearly statements because when the exchanges start near you, you can
take those into our offices and find out how many thousands of Valuns
you will be entitled to issue. If someone has retired from some
skilled job having its own pension, whether paid or not (as some have
gone broke through incompetence or corruption), as long as they have
documented proof, they will be able to issue 100% of all that value
in Valuns.
We hence have three ways that Valuns can enter
the market using them; by work (labor contracts), by will
(credit contracts) and by indigence. The way Valuns disappear
from the system is the same as in any other money, through
depreciation of assets.
This is a simple idea and doesn't
take any advanced degrees to understand. If anything is sold for
less than it was purchased for, the difference in terms of money,
disappears, dies, is gone forever, never to return. The quickest way
to a continual recession would be one where nobody ever bought any
used goods. Then, inflation would behave according to THEIR economic
rules, and happen much faster. We'd also be buried in used junk
before too long. But of course, nobody follows this because used
goods are everywhere and nobody is FORCED to buy brand new of
anything. The same economic rules affect recycled materials. Any
work to recapture discarded value, can still produce an income, but
comparisons between the brand new and the slightly used, well worn or
obsolete, surely affect the prices asked and any differences between
an item being sold as brand new and one sold as obsolete, always
involve the destruction of money over the useful life of the
asset.
All of which illustrates how far off THEIR limited
quantity of some scare commodity theories about money, pricing, etc.
really are, since money is created and is destroyed. There is no
conservation of energy theory here or any other such nonsensical
idealism. Legitimate money, not THEIRS, always begins when someone
buys something and is always destroyed in the process of asset
depreciation. In fact, there are many cases where the superlative
quantities of stuff, great mansions, great estates, luxury
automobiles, etc. are no longer economically sustainable, since they
often do not provide or produce any income. Many of these items
become so top heavy in relative valuations, that they become
practically worthless. Remember that the next time you think to
expand your holdings too far. There will always be taxes to pay in
THEIR money. Consider it a protection racket or a FORCE of Nature as
you will, taxes will always present a limitation on what any of us
may do.
Since the proposal is nether a tax dodge nor a money
laundry, all prospective A members would be aware that in joining and
owning come tax responsibilities that can only be handled in THEIR
money. And very important, we have a way into exchanging THEIR money
for Valuns, but there is no way back to THEIR money. Money
laundering is eliminated in this way.
We say today (8/17/19)
that a Valun is worth approximately $2.43 and that's what we'd expect
a member to pay in dues if collected today, but they can't cash out
of Valuns back into any of THEIR money, because the Valun is intended
to be the rock bottom for all money everywhere eventually. Of course
some scoundrel might try and operate within the Valun system trying
to produce something that would be sold only in dollars. But none of
that sales would ever show up as transactions representing income to
that B member business. It would show up on the rest of the accounts
representing their business, not the B member account. Were such
practices to be attempted, we assure you that they would fail pretty
badly, especially since before one got anything to sale, it is likely
that THEIR money would have inflated more and reduced their
expectations of reward. So, it's best to stick with Valuns.
Now
we have indicated three groups of people with respect to Valun
issuance, because only money that is issued by individual natural
persons in the act of settling their barter is legitimate money to
us; THEIR money is still money all right, but it is illegitimate,
entirely because of who issued it, either some government or some
bank. These three groups of people are the employed, retirees and
the indigent.
We fully expect the indigent, not all but
some, will decide to start businesses and begin acquiring assets in
furtherance of those businesses and that they will all begin by
establishing a B membership and adding to that business's Equity
balance. Eventually, these self-employed formerly poor people may
well slide off their indigence contracts with their exchanges and
begin to become self sustaining. The rest will furnish the only free
money to anyone in the system.
Retirees are given their
entire accumulated pensions since Valun inception on 11/2/11 in
Valuns to issue. These do not represent earned income because they
aren't actually money until they are spent into existence. But they
are assets that can be inherited by another member. That information
is part of the membership contract everyone will have with their
local exchange.
Example: Joe, a retired Army officer, has
an initial V45,000 in his issuance balance. He does nothing but
spend down his issuance and upon his decease has V25,000 and has
bequeathed this asset to his niece Judy, who is an A member. She
gets her uncle's V25,000 issuance and might be subject to whatever
taxes this implies. Right now, 25,000 x 2.43 = $60,750.
If taxes
are required, what's the surest way to raise money? I'm suggesting
that the precious metals dealers we associate ourselves with, will be
willing to hold some Valuns. They would actually need to, in order
to hold a B member account open. If you have a valid tax receipt and
this would probably be the only exception we would ever allow, you
would take however many Valuns it takes, buy gold or silver coins
with your Valuns from one of our reputable B member business engaged
in dealing in precious metals, and then reselling them for the money
required to pay the taxes. This will probably be the only way any of
our money becomes transferable back into theirs and will presume that
any and all precious metals dealers understand the role and value of
the Valun moving forward.
How
would a precious metals dealer be able to sell their wares for
Valuns? The same way any other business would, by setting up as a B
member and allocating a certain amount of inventory for sale in
Valuns into their Equity balance. Right now (8/17/19) an ounce of gold trades for V875.25 and
the dealer will probably want slightly more to effect the transfer. As the recent rise in precious metals indicates, their purchasing power is increasing relative to dollars. Were the price of gold to reach our bid price of $2,160, making each Valun $2.16, then an ounce of gold bullion would trade for 1,000 Valuns as it did at Valun inception.
We presume that precious metals dealers are just like any
other mortals and would want the benefits of local trade wherever they are
operating. From the very beginning, we steadfastly recommended that
there would be a place for precious metals dealers in our system.
They would be the only effective means of converting
THEIR money into ours or vice versa. But unless to raise money for
taxes, there won't be any means of exchanging out of our own money
into THEIRS.
Now then, how does one go about selling this
proposal? Best to go out by two. Both should be signed up as putative A
members. That way the two of you can sponsor any you sign up. Since
there isn't an exchange as yet, you would be forming a local steering
committee and signing up for the exchange that shall be. You would
accept the V1 yearly dues, whatever that is, from each who signs up.
You will have to keep all these funds separate, so I recommend as a
temporary expedient only, that three of you decide to form a DBA
(doing business as) and secure a regular checking account under that
DBA until the DBA is re-established as a local exchange up and
running and open for business. Then that DBA goes away and the
assets of the defunct DBA now belong to the local exchange.
Tell
everyone that this is something you are building that will require at
least a year to bring into existence; they are being asked to pay it
forward. Let them know what will be required, the software,
hardware, etc. Describe what the local exchange is supposed to be
like and how it is expected to function. Let them know that for some
of them, you would be looking for advertising that would appear on
our money. Tell them what they need to know, as though you were
selling an investment opportunity, which this is, except it will
always be outside THEIR system and not exposed to it in the usual
particulars; speculators, grifters, grafters, liars, etc.
Don't forget to tell them that such a thing as we envision cannot be accomplished with fewer A members than 40,000 or fewer than 500 businesses willing to participate as B members. Let everybody know that these are our goals for membership drives. Above all, establish TRUST in all your dealings with anyone.
If
you cannot establish TRUST between yourself and those you approach,
something may be very wrong with your approach. Remember, this isn't
about everybody going it alone, this is about people helping other
people. Approach your efforts with the attitude of bringing relief
to everyone you meet, rather than saddling them with more
baloney. Read and reread this blog often, so as to be familiar with all important aspects of the proposal. Stick to the facts and build TRUST. Without that, no
constructive purpose is ever achieved.
Thanks and best
David
Burton
dpbmss@mail.com
[8/18/19:
Many questions come to mind after this. What about insurance? What
about fire-fighters? Could they earn Valuns in another state other
than where they live? The answer is that any fire-fighter or primary
medical service provider, while they may be working for someone else
that cannot be a member, may still have labor contracts allowing them
to issue 80% of what they earn in dollars in Valuns, as long as they
meet the other requirements and are able to cover the additional
taxes.
Let's say Ted is a fire-fighter who often works in
Oregon, Washington or Idaho, but who lives in California. Ted would
be an A member of his local exchange in California and establish B
member accounts in Washington, Oregon or Idaho. His labor contracts
would involve his personal business as a fire-fighter or service
provider, operating in states other than his home state. Obviously,
all these exchanges would have to be established, up and functioning,
for any of this to be possible. Otherwise, Ted might be able to
secure a labor contract through his home exchange in California, with
the exchange operating as a proxy, as long as Ted's pay for services
comes directly from some public source, like a local, state, regional
or Federal government agency.
This brings up a point; anyone
currently working for any government agency, as long as they meet the
other requirements, can certainly become A members, once their local
exchange is established, up and running. In all their labor
contracts, the local exchange acts as a proxy for the Valuns they
earn while earning dollars.
Can someone working for a public
corporation also do the same? Their employer cannot be a member, but
they still have a will and work and as long as they meet the other
requirements, may become A members. They can even set up B
memberships as long as they have Valuns in these accounts. Many
might choose to do this in order to start a business on the side so
that they can eventually leave the corporate rat race, etc.
As
for insurance in a Valun system, this would require a far longer
answer. Best.]
