#57.8 Perspective - Money and Contracts

Those who have followed along this far have already read all the previous numbered (above #0 news) papers and understand the proposal. For instance, fewer than we would like have read #84.

Those advocating some limited supply of some commodity as money are actually advocating economic suffocation and THEIR counter price inflation explanations are also erroneous because all money dies in depreciation. We buy all THEIR junk economics because THEY run the show … until THEY no longer do. This blog is not about what THEY do, have done or are doing. It is about you and what you and those immediately around you are doing.

Briefly again, the proposal is to establish our own monetary accounting machine, institutions to support it, money that issues from us not THEM (globalists, bankers, elites, pedophiles, satanists, etc. you are what you are by association). Ours is to overlay any and all natural human society and run parallel to THEIR machine, so that when THEIRS finally fails, we can then have things our way. Understood? You want your freedom? Where is your money? Without that, you are a slave; THEIR slave. This proposal is not a secret society, but it is private. It is based on the simple natural law of contracts between people that was before, is today and will be after any state. So we begin with the road to freedom being paved with all kinds of explicit and implicit contracts and that among them is the right to ORGANIZE by association our own monetary union apart from THEIRS.  

So this blog is not primarily about THEM or THEIR machines. You can find out plenty of relevant information by following a few of the sources listed down the right side of this page under NEWS sources. THEY are the present disintegrating order, the final disgusting beast imperium that rules the world at the present moment. This blog is not about any of that either. It assumes that you know about all of that already. That's what being aware and awake amounts to. You already know that we are ruled by the basest of men (and a few of the worst possible women) and that the entire rotten system is all rigged to support the few at the top. This blog isn't about THEM, it's about us and how we deal with each other day to day, year in and year out and how we will have our will matched with our claimed desires for freedom represented by our own money.

In the United States, this proposal is understood as included within the 1^st Amendment to the Constitution (which THEY hate and even today, always attempt to break, have indeed already long since before we were all born broken, but which is also not what this blog is about).

 
Each one of us has the NATURAL (not CIVIL) right to contract with another except for that which the state regards as criminal activity. If THEY say that THEY have a monopoly over all contracts dealing in money, then you live under a tyranny that deliberately blocks your right to contract. Riegel said just that. There are a few states where laws exist that would prevent any of our proposal from moving forward easily. Again, exposure of THEIR criminal and unlawful behavior is the best weapon we have. The more people that become ACTIVE, aware and awake to the reality that this so called representative democracy we live under is just in place to protect the “special” interests, then it will be recognized more widely that politics is nothing more than a public show to hide THEIR out and out tyranny.
 
There is indeed much in law concerning such matters that also needs to be repealed and TORN OUT OF ALL THE LAW BOOKS and never regarded again, as they are deliberate attempts to break the 1^st Amendment, and by same amendment, I have the right to say, think and write such anywhere in public view, where it can be freely discussed, debated, etc. Hey, if you really care about unmasking the tyranny in democratic republican garb that we live under, try forming an alliance that is only interested in repealing law not making more of it. Most of us would be happy to join.

Previously, I noted that attorneys would naturally figure pretty broadly throughout our intended machine. We will need protection and the attorneys we seek would naturally see things from a natural law perspective.

All owners have a vote and they vote for the officers of their local exchanges who run for those offices and serve for a term of one year. Behind the elected officers are a board of trustees.

The local boards I have in mind for each exchange are actually like boards of trustees and I'll make it easier by also stating that such as we seek should be completely beyond reproach as well known community leaders; either they own sizable businesses in the area or they manage large estates, are perhaps farmers, etc. the pillars of society. You want on your boards people you can trust, so in fact they would be boards of trustees. These are the men among men, women among women, natural leaders. If you have few people following you around you're probably not a leader. Out of this body would be chosen among themselves rotating positions as officers of the initial bodies (yes, corporations in the same sense) and they would be the usual officers of President, Vice President and Secretary to rotate among themselves for terms of a year up until the first election by the owners which will be signaled by owner membership rising above a specific number of owners. The number of owners above 10,000 might be what is required to set off the democratic process.

Individual membership in our business / monetary machine is called A membership and only A members have voting rights and pay dues. B memberships are for businesses, largely or wholly made up of A members, just as Riegel described it. Only A members can issue money under our proposal, again just as Riegel described it. B members (for profit business organizations) are made up of A members.

Regarding B members, since the business functions in local “public” money already, all that is done is that an overlay is created by each local node, which we call an exchange rather than a bank. Since money is inseparable from accounting and not just represented by the quantity (commodity) of its tokens, each B member account enables each member business to manage its monetary assets in Valuns.

The institutional nodes we call exchanges because we aren't actually in favor of banks, banking, or the present practices of THEIR finance structures. Again, you can find out all you want about THEIR system elsewhere and that is also not what this blog is about.  

Each exchange would be in the business of selling advertising of its member businesses all in “public” money at first (until we have the businesses within our VEN to print our own V-Checks, etc.). These ads would be part of the designs on the reverse sides of our functioning currency, the proposed V-Check. To all our B members, the money they spend on advertising is a legitimate cost of doing business.

 
So this proposed overlay consists of accounts for each member. These accounts will resemble checking accounts, with some added features, as described elsewhere in this blog.
 

The monetary unit used is the proposed international standard Value Unit or Valun, the same name proposed by Riegel. Right now, the proposed Valun is roughly $2.75 (3/28/17). Our money is called a Value Unit or a Valun. Value Units would be referenced in regular conversation as Valuns. Each Valun represents an unchanging unit of purchasing power rather than a unit of a commodity (which is what ALL of THEIR money represents, including bitcoin). One cannot presume an international standard of value / exchange measurement, unless the basis does not change.

A Valun changes its exchange in dollars, gold, etc. based on the present value, in THEIR money of course, of the original, initial transaction which has already happened and established forever (or at least until the price of gold breaches this initial transaction). Then the initial transaction goes up, never down, and the resulting Valun becomes even harder relative to all of THEIR money.

As we said, if you intend on preserving purchasing power in your monetary system, you deliberately build that intention into your system. The proposed Valun is already the heaviest money in the world and will always intentionally be so.  [It was brought to my attention that a few of the Gulf states have heavier currencies so we would be in good company.]   In fact we can roundly say that any investments, savings, etc. in all THEIR money is fatally doomed to suffer inflation, whereas it would be very difficult to break a Valun, once established (since it is never a unit of commodity nor exchanged on that basis, ever)

Each A member is entitled to issue money for any work already paid in any other money, so again a parallel series of contracts is set up at the exchange, which runs parallel to payment in “public” money. At the present, there are income taxes and since Valun issuance through work definitely constitutes income, all money as earned
income within our machine is still subject to taxes based on THEIR money, not ours. Nothing about this proposal is a tax dodge, so if you thought it was, please look elsewhere. A members would be issued 1099's (or equivalent) each year and the “public” money they earn would go to pay these taxes. Taxes are always each member's responsibility.
 
How much extra income would one acquire earning / issuing Valuns? It will ultimately depend on how many people adopt the Valun as their means of exchange for common goods and services first and other more ambitious extensions into finance of larger purchases as actual wealth measured in Valuns grows within each community later.

Income taxes are obviously part of THEIR scam involving THEM acting by stolen fiat to issue “public” money. We can't be complacent about things or argue reality away: illegitimate or not, all this “public” money, including all accounts related to it, is real money; it fulfills the characteristics attributed to money save one, a store of value.

 

Since we maintain that money apart from a commodity basis cannot itself possess value without affecting all sales transactions and price structures, only a commodity basis can store value. But what is the basis of THAT value and who gets to decide it? Do you or I? No. Besides which we contend that you can have either a stable measure of value or a store of value, but not both. Our little experiment since 2011 has demonstrated that gold and silver prices are NOT stable, in dollars or anything else. If the basis of your money is incapable of maintaining steady prices, then it is insufficient as a measure of value; this would be like using a ruler with different measures on it each day while your are building a project, house or business.  
 
If you work for a business / organization / institution / machine that does not have a B membership in your local Valun exchange, you can still get a contract with the rest of the members of your exchange to earn and issue Valuns.

Let's say you work for a public water department and you live within the service area of the exchange. The water department is part of a public institution, a government, and therefore is at present disqualified as a B member (We predict, as did Riegel, without having to say so directly, that governments are more likely to become eventual exchange members than any “public” corporations). However, individuals that work there are permitted A membership. All that is necessary is for a regular pay stub to be presented and a Labour (British English spelling) Contract is drawn up on one page that describes the expected pay dates when Valuns will be issued and paid. The number of Valuns selected will have some reference to expected taxes as an upward limit.  

But there is another and it is another use of our 80% rule. In any job, you are earning “public” money and some of that is withheld for taxes. We're only interested in the take home pay. That would be your 100% base pay and so the number of Valuns you'd be allowed to issue would be up to 80% of the value in “public” money represented by that base pay. Example: if your take home, after tax pay is $100 a week, then depending on the dates on the Labour Contract, the dollar value of Valuns that day would be no more than $80 per week.

 
Perhaps at first the number of Valuns such would prefer earning alongside their “public” money would be smaller than they would be willing to pay themselves for their work in excess of the purchasing power represented by pay in “public” money. Later, as experience and familiarity grows, more Valuns will be earned / issued in this way. That's one reason for beginning with Labour Contracts of no longer than six months. Each contract can be adjusted differently.

Oh, and who issues the Labour Contract? Why, you do. It's part of the self-financing of all labor throughout our system. You, as the A member of your exchange, having some public job at a water department, have the right to issue your labor to your community for as many Valuns as you can pay the income taxes on up to 80% of your base pay. You are offering the community to continue working and thereby earning extra purchasing power (besides your “public” money) that you agree to spend and receive among the other members of any exchange using Valuns, anywhere Valuns are recognized and received, but primarily locally among other exchange members.

Likewise, should you be an A member working for a company (a public corporation) which cannot be a B member, you can issue a Labour Contract for additional Valuns paid to you on the dates you would normally be paid in “public” money, again up to the 80% rule.

We described what happens in Labour Contracts at #78.and #79. 
 
To those who continually pressure for minimum wages in “public” money, this proposal is our answer. One reason E. C. Riegel got interested in this whole alternative money thing was his contention (shared by us) is that common labor of all kinds is universally underpaid. Nobody except those who do not work, but live from making money on money without actually sacrificing any time out of the rest of their lives, the capitalists, only THEY ever make money in the present system / machine. The present machine, we should and can easily see, is either incapable of or unwilling to, pay anyone more than they are currently being paid. This illustrates the fundamental ineligibility of all THEIR economic explanations. THEY extol usury, rigorously defined as the demand back of that which was never issued, which is stealing and of fractional reserve banking schemes, lending money one doesn't have, which is fraud. To hell with THEIR economics of apologetics for THEIR corrupt machine! Some of this blog constitutes an informed refutation of a few of THEIR ideas, but frankly we're not even that interested. Most of us have come with armed minds and baloney detectors. The more we know, the less we'd like even knowing them.

This blog is not about THEM or THEIR economic explanations for anything.

What can be salvaged for a new economics? We'll start with supply and demand and location and appreciate our own means of exchange, which shall be understood at each community level and eventually throughout the Valun trading communities worldwide. We do expect that over all costs of labor will rise, but will be covered by Valun acceptance and that costs for all products in Valuns will be lower and more stable.

But here's where we make it personal: if you do work (time taken out of the rest of your life) for a family member and you aren't getting paid for it, then your value is being causally exchanged, which does not diminish its value, but indicates that the worker does not reap any direct material benefit for their work; they have given their time or material products as gifts. The best things in life certainly ARE free and not determinable in money, but that does not dismiss the acknowledgment that a lot of labor goes unpaid, especially within our most important natural social units, extended families. What then? Do we demand that some state pay for it out of “public” money? Why? That strategy gives more power to those who have already abused it and anyway the basis for all of THEIR money is without basis. Contemplate if you will the other papers we have linked in this post.

An example would be two sisters, the elder with children, the younger without. The older needs the younger to watch her children while she works. Rather than pay her in dollars, pay her in Valuns. Hundreds of simple jobs would work this way under the proposal.

The entire market where Valuns are traded and accepted as the means of exchange we called a Valun Exchange Network or VEN, but then discovered someone had already called another bitcoin like commodity based money a VEN. So it goes.

David Burton 

dpbmss@mail.com

Current Hypothetical Value of a Hypothetical Value Unit 

[4/11/17: Q: I'd appreciate it if you could outline all the contracts a member would be subject to for joining an exchange. Owen, IA

A: Each member has a Membership Contract with their local exchange. Individual A members / owners of each exchange agree to pay a yearly dues of V1 (one Value Unit or Valun) in “public” money. Right now that would be $2.76 per year. The exchange opens an account similar to a checking account for the member with an opening issuance balance of V200 (two hundred Valuns). 

Each B member business gets an account and does not have to pay dues. We encourage all legitimate private businesses to join with as little cost as possible. It is expected that at least some of these businesses will be buying advertising from the exchange in local “public” money that will appear on the reverse sides of our circulating currency, the V-Check.

Movement of Value Units (Valuns) between accounts constitutes a transaction. We regard a transaction as between an issuer/buyer and a receiver/seller: the buyer is paying Valuns to the seller. Each exchange will charge a fee of one tenth of one percent (.01%) to the buyer. This means that it takes V1 to move V1,000 from one account to another and the least one pays is V.01 (one cend or one fen) to move V10 (ten Valuns) or less. 

The other function of each exchange is as a private meeting place where each member gets to advertise for goods or services available in Valuns. It will be at the level of bulletin boards rather than the internet, although websites for each exchange that perform this service are bound to spring up. As we all know, information is everything and we will want to know what jobs are available and how to apply, etc. One might see jobs offered in combinations of Valuns and “public” money. Examples of values might be in the range of 5 to 2 or 10 to 1. 

For instance, I would be perfectly happy to sell most of my services in my chosen discipline for V5 + $2 an hour. It works out to around $15 / hr. Other jobs would prefer V10 + $5 which would be more like $32 / hr. This would be all in line with exactly what E. C. Riegel would have liked to see develop. His only problem was implementation. 

(4/11/17) We assume that many, most, all of the businesses that become B members buy ads from the exchange which show on the reverse sides of our money, the circulating V-Checks. They buy this advertising from us in “public” money and take the money they spend off their taxes as a legitimate business expense. 

We expect all exchanges to print and circulate V-Checks in the following denominations: V½ at about $1.38, V1 at $2.73, V2 at $5.46, V5 at $13.66, and eventually the rest, V10 at $27.31, V20 at $54.62, V50 at $136.55 and V100 at $1,365.50 ! We have already seen laws that indicate nothing of less value than $1 can be circulated as alternative money and there may be rules concerning the circulation of anything above a certain dollar amount. For the time being, coinage is the unique province of the state. Although E. C. Riegel had some ideas about coins and we entertained them and even though small round shallow cylinders of metal of various sizes is an impressive invention by itself, we can just as well accomplish a lot by using good 80 lb paper and making our money look as attractive as it needs to be to convey its message: the bearer of this V-Check herewith tenders whatever number of Valuns (international standard Value Units) in exchange for whatever product or service is offered for sale in them. 

V-Checks have six month expiration dates like regular checks and like coupons, but even if expired they can be exchanged for new V-Checks with new expiration dates or deposited into an account.]