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| The basis for all the proposed money in our parallel market, hence, our parallel economy, is this single transaction. |
The
basis for all the proposed Valuns (international standard value
units) in the Valun Exchange Network (ven) is this single
transaction.
How does one defeat THEIR “commodity theory of money;” wherewith money, that which is “weighed out” in a transaction, is itself a commodity subject to speculation? The answer is by basing our monetary unit on a single transaction that has already occurred.
To obtain the present value of any Valun in THEIR money, simply compute the present value of that initial transaction: On 12/1/17 V1 = $2.77. On 12/19/17 V1 = $2.74 and it can never rise higher than $4.32,
When it comes to “monetary reform,” which is really an impossibility, any real proposed alternative improvement on any of the money available would have to satisfy this question, else one is more or less measuring value by the arbitrary value of some other commodity used to split barter is measuring. It IS arbitrary too as it is subject to speculation based on … whatever the speculators decide, not you or me.
If that value measurement function of money must have anything to do with ANY commodity whatsoever, then it is no good as a stable and fixed measure of value in all transactions. A fixed quantity of this or that wont do, because that fixed quantity used as money is itself capable of changing in value over time relative to all other commodities.
Recall that speculators make money on money without work, which is truly capitalism, the itch with capital, instead of free enterprise, which must contribute value to the commonwealth, which must support the population living there, which means that a stream of income must issue from all so called wealth, or it isn't wealth at all, but perhaps illth as Arthur Kitson coined it.
We were jeered somewhat and from the usual quarters for suggesting that hedge fund managers don't work, when they certainly take definite chunks of time out of the rest of their lives to pursue their craft and are certainly paid for that time.
But we suggest that nothing they do produces anything of added value to the commonwealth in which they live, so it isn't work. What is it then? If one is making claims on productive work or its byproducts by any means other than contributing comparable product, then one is a cheat, a felon, a rascal, a parasite. As my Ukrainian dissident mentor would say after making his point, understood?
Speculators: We include in this category any and all professional gamblers, gamers of all sorts, those who play and make money are not workers in our sense. We henceforth brand these kinds as parasites on the rest of the natural commonwealth that exists to provide basic necessities and more to the people actually living on the land.
We anticipate ahead of time any criticism from traditional economics to the effect that speculators are responsible for stable prices by suggesting that such talk and teaching are nothing short of exalting grifters (straight from Google, “If there's one type of person you don't want to trust, it's a grifter: someone who cheats others out of money. Grifters are also known as chiselers, defrauders, gougers, scammers, swindlers, and flim-flam men. Selling a bridge and starting a Ponzi scheme are things a grifter might do.”). We start by exposing such talk and such people as rubbish and parasites and we shall have none of them in our honest money system.
So the answer to defeating “the commodity theory of money” was given us by E. C. Riegel and we have historical reinforcement of the idea by Arthur Kitson, who literally stumbled upon it earlier than Riegel did; any honest monetary system must be BASED ON A FIXED TRANSACTION that has already happened and the daily exchange value of the unit is determined by the daily changes in the present value of that fixed transaction.
It doesn't matter how many or how few proposed international standard value units or Valuns there are. Once the standard transaction is set, all of them achieve the same value and they all fluctuate between a low exchange rate set by the initial price of an oz of gold on 11/2/2011 (with comparable values for silver), and a hypothetical zero price for an oz of gold which we know to be impossible. That potential high would be $4.32.
So a Valun is NOT a “buy and hold” investment like bitcoin, which is now so expensive that it cannot purposefully function as suitable money, even though that was erroneously prefigured from the outset, since it was based on a FALSE paradigm of money itself and frankly makes no improvement on the fundamental error of scarcity of commodity as a basis for stable value measurement. ALL of that, we must confess, we consider ultimate doo-doo precisely because the basis of the money is NOT the issue, the issuance is. So bitcoin, etc.? It will all ultimately suffer the same fate as the famous tulip bubble. Again, since none of it is ours, why bother with it? It's mere entrapment that you and I do not need.
Want to join the “buy and hold” crowd, do you? This is not the place for you. We're interested in work, real work, gainful work, in building wealth, real wealth, in earning money which is free of being manipulated in any way by speculation and will more than keep up with inflation, money that is actually yours and worth saving and since it is yours by work or by will (fiat), then you can pass it along to your descendants, etc.
Build on this the cooperation of everyone who sees themselves in a similar situation and you build productive communities out of the ashes of THEIR intended projects to dehumanize, sub humanize, atomize (remove the importance of real natural bonds including family, race, nation, etc.) and otherwise demote and obsolesce you and yours out of existence, into some Hunger Games scenario.
So obviously a known range of between $2.16 and $4.32 for a Valun is a whole lot narrower than the ranges we are seeing in ALL of the cryptocurrencies.
Besides which, most of you dweebs out there, yes YOU, I'm talking to YOU! You are mostly totally unaware that it was always the bankers' intention to drag governments onto a gold based monetary system knowing full well that the demands of a healthy economy, even under such malign auspices as to give governments the right of first purchase, would require more money than there was gold without jacking up the prices of precious metals, in all THEIR other brands of money that most people use, to the point where practically no one could afford to own precious metals and the few that did would naturally command and rule.
Rule by who has the most of some metal that few people want or can use? And this lunacy has been going on now for how many thousands of years? This has to be the sickest worst taste joke imaginable. Nevertheless, our proposed money is to be just as valuable and anyone that wants to buy any of it into existence shall damn well pay for it in silver and gold, since that's the only valid means to feed the Beast administrations THEIR taxes. Understood?
Precious metals? This limited focus is for a generally more barbarous world where almost no one produces anything and most subsist on raiding others who have produced and stored up these things, forcing them to trade using only THEIR metal.
We don't want that and there are more of us than THEM and we will eventually have our own money, despite whatever crooked paths THEY place before us.
THEY will of course attempt to float a world currency based on the same model we're generally familiar with. It wont work any better than the present ones. Eventually someone will finally be brave enough to take the simplicity of this proposal seriously enough to start making it a reality in their local communities.
We suggest that there are certain places where this idea would most likely strike root first and grow; the northeastern United States and maritime Canadian provinces, the Caribbean island nations, rural places and increasingly nationalistic and populist countries in Europe and Asia, perhaps some special situations in South America and Africa.
We do have to face some reality though. You always need some basic acumen to run a business, to understand the simplicity of buying and selling and earning a profit, etc. So operating such a system is really open only to those that have familiarity with money and money matters anyway.
Running such a system for ourselves would require some basic understanding of accounting as accounting is the essential piece of ANY monetary system.
(I'm supposing now that my British FRSA mentor, who tasked me with this work, knew right away that my accounting experience was sufficient to grasp everything essential to a well functioning monetary system, as I had spent many years in banking and financial support positions. Another colleague who was military and rose through intelligence, it turned out had a similar technical background. I began to see that to explain this system to its owners, you and me, that I would have to go into sufficient detail over many papers on this blog. Bear with me, please. The tokens shall be as nice as we can make them, but the accounting information is essential.).
The first steering committee needs to consist of at least 12 community representatives and a 13th to be an attorney, always an odd number with the attorney being the tie breaker. The twelve (or more) can be from any walk of life, but whatever it is, they should be successful at it and well respected in their communities.
Natural leadership is required. Those who dare to do things in a certain way expect certain results, don't ask anyone's permission to do what needs to be done. THAT is freedom and it is supposedly guaranteed by the Bill of Rights, which is OUR side of the agreement we identify as the US Constitution, that THEY have always sought to break. Life, Liberty and Property and Due Process are OUR rights. The founders certainly didn't ask anyone's permission to do as they did in 1776 and we are today facing similar circumstances. By the way, nothing the founders of the American republic did was ever to uproot or transgress moral and natural law, which they understood to be immutable and sacrosanct. Understood?
Yet today, we do see attempts all the time against these basic laws, as in some foreign places and among some foreign peoples, their understandings and laws and even what they consider right and wrong are quite different from ours. How is it then that we are asked to conform to them and not them to us? How come they are sending perhaps the worst of their people into our countries and we are not likewise invading theirs with our worst, or are we?
How many foreign bases have the recent governments of the American republic purchased for itself and its capitalist cronies around the world? Remember, contrary to everything you have ever been told, capitalism is NOT synonymous with free enterprise, which must be private, and if you aren't rich enough not to have to work, you aren't a capitalist, and of course capitalists never actually produce anything themselves.
How many of those foreign bases are operated with our best and brightest who are of course rightfully perceived to be our worst people by those foreign people into whose countries our government and its capitalist cronies have bought and paid for them to be? Do you see the nefarious connections with making money on money without work operating here?
Our effort is to organize NOT to confront but to build a parallel system and eventually renounce THEM and THEIR system, as the only way to render THEM powerless and ineffectual is to stop association of any kind with THEM. “Come out of her, my people,” lest you become entangled in her crimes!
Politically speaking, E. C. Riegel was a common mid-western democrat. He thought of his proposal as an improvement that would save the existing system from eventual destruction under inflation. We know better now, sorry and tough if you don't happen to see it our way or agree, having examined the present system thoroughly for an additional sixty years, we now know certain things for certain.
You can't polish turds or improve on something that is based on the fraud that is usury; rigorously defined as the demand back of money that was never issued, guaranteeing a perpetual scarcity of money supply no matter how much money is created in this manner. Likewise, you can't just allow people who don't actually have the money to loan it out. The so called “Austrian” school extols usury, fractional reserve lending, which it conveniently discounts without considering the basic argument, which is moral and ethical, not a matter of sheer mathematics, as well as the scarce commodity prison basis for money, so everything associated with them is instantly rubbish and kicked out of any serious discussion. Wash your minds of this purposely intended distracting garbage! If you intend to make excuses for fraud or the people that habitually practice it, you are obviously misled. We want nothing to do with them or their soiled ideas. Upon joining us, you can repent and discard your economic rubbish at the door.
As we have said before, since governments at present get right of first purchase, the true aim of the US Constitution, was to enable them to borrow money, which by the way was the only real reason behind it, since before that the government didn't believe it had sufficient funds to … expand its power.
Whose money did the government borrow? Whose money do they tax you into paying back to them? Whose money have you been earning all your lives? Oh, you get to hold it for a while and even pass it along after probate, but none of it is actually yours because you didn't issue it.
Another point or two about money: debt never goes away, ALL MONEY IS INSTANCES OF DEBT AS UNFULFILLED BARTER TRANSACTIONS. Barter never goes away either. Those talking as if there is anything other than these simple realities, is frankly an idiot!
The question is rather debt to WHOM that matters! Right now, it's debt to the central bankers and by and large to all the rest of THEIR credit community, operating sort of as was done going back for a long long time.
So people who talk about a non-debt solution to money are IDIOTS! Again, a very exact definition, as people who could know if they weren't so intellectually lazy! But it's deeper than that as I'll show. They don't understand the subject of money in its simplicity and get confused trying to shoehorn concepts they can't begin to explain, because they don't understand them, and understanding is frankly not that hard.
So why do people hold onto capitalism for instance, when they aren't capitalists and aren't likely ever to be in their lifetimes, even though most will have had a try at free enterprise and think it was capitalism all along?
Part of it was the artificial capitalist vs. communist thing that the bankers again funded as part of THEIR means of divide and rule. People hold onto these concepts because they want to get along with other people. That's all. So this is an association of words, concepts, ideas, with emotions which tend to concentrate around likes and dislikes, just as in the social media.
For instance, maybe more people will like me if I identify as a moderate libertarian freethinker or even a radical commie rather than a hard working trade craftsman or even a minor position professional; a teacher or guidance counselor perhaps or something like that.
So rather than taking the time to really learn something, people prove their enemies right all the time by going with the flow, going along to get along and all the rest of the natural strategies people have developed to stay alive and relatively active and prosperous.
You are all being led to the slaughter while a group of the most terrible “savage babies” you can even imagine get richer and more powerful, and with each passing year, manage to have more say into anything and everything each of us is ever doing, thinking, feeling, living. When will it ever stop? How does one make it stop? Can it reach a point where it can go no farther?
We have no idea. But we do know that we would like to think what we like and do what we like and especially anything that enables us to add value to our commonwealth, for in doing that we increase our own wealth, since we now know that any and all said wealth MUST provide an income or it isn't what THEY claim it to be.
So first there is a “brick and mortar” exchange, which is likely something like a Farm Bureau or Grange with something like a bank operating within it. But this place is private and not just open to anyone off the street to walk in. You all must be recognized and recommended by two members. In urban centers, the idea of a private club is more likely.
So three people in a designated community decide to start an exchange. Each two can recommend the other third person in the triangle. You are recognizing each other's right to issue their own money according to the rules set forth in the founding documents / agreements which all members willingly accept. It starts there.
We have written of IVES too, and any dues paying member that owns a piece of their local exchange owns a piece of IVES. The International Valun Exchange Society is the logical hub at the center of a wheel, that is supported and supports all the local exchanges and possible Valun counters wherever they may be.
Valuns are issued by A members through Labor Contracts which may parallel existing jobs, up to 80% of current remunerations in “public” money (which is actually private and belongs to THEM). So if you earn $100 per week, you can take up to $80 in Valuns. We do not want to encourage indebtedness or tax avoidance since all of that is THEIRS and must be dealt with in THEIR money; if you earn more purchasing power in any additional money, you are required to pay the income taxes in most places. Yes, you may not like excessive taxation, but how much has all that political activism done for you concerning it? Right. It ain't your government and it ain't your money, stupid! It says right on all of it to whom it belongs and all that “We the People” crap THEY give you doesn't change a thing. This proposal is to offer a peaceful and sensible way out from under THEM (usual suspects) and allows us to recover what we're really worth; our innate wealth! All wealth MUST produce income or it ain't wealth!
The other way Valuns are issued is by the impecunious, by those without jobs or money. There might be real good reasons, disability, serious injury, really advanced age, why various people must be respected because they are natural persons and their value to society and the community consists in providing more to the most productive members in their communities in that most of these people would likely spend everything they have and what they spend would tend to go to the most productive as it would and should be under normal and natural economic conditions. Notice, we say NOTHING about enforced equality of outcome because equality of outcome itself is a FRAUD on nature and common sense; those that determine the standards of equality determine the bases of slavery.
But we seriously doubt whether the poor would remain poor under this system because the proposal intends to uncover everyone's innate wealth and offer sufficient opportunity to express it.
We are challenged to get into more depth concerning the character of people required to put forth and support what actually amounts to a social machine rather than anything else. So there will be forthcoming articles concerning the moral dimensions to this kind of undertaking. We are perforce required to review some of the things our enemies have actually written and a long time ago too, that most people would best know and understand moving forward. Yes, this blog makes a distinct break with just about all standard economic thinking as it all relates back to THEIR shady monetary machine that we all must use right now. There will be an end to it and we are NOT in a very good mood to accept just some more of THEIR usual solutions when THEIR system fails AGAIN and yet another of THEIR solutions is promised to fix things. Have THEY ever kept THEIR promises except to operate as grifters upon the rest of us? We call the actual events of history as witness against THEM.
David Burton
dpbmss@mail.com
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