| Philosophy - Honest Money | |
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27 Mar 2003 @ 20:57, by Rich Wigley
1. PHILOSOPHY: Universal Commonwealth and Abundance
a. Civilizations are based upon a shared philosophy. The mark of a healthy society is its adherence to the standards guided by its ideology.
b. The Asset Based Financial System is based upon a CommonWealth. Thus it relates to a pervasive distribution and redistribution of energy, resources and currency. The CommonWealth operates as a single organism with the purpose of feeding, protecting and empowering its citizens to growth and achievement.
c. The establishment of the philosophy of universal CommonWealth is the crucial mark in the creation the Asset Based Economy. It demands the full force of an Ideology of force to create a revolutionary change in world economic conditions and provide for a global golden age of prosperity and wealth. Thus the Ideology is the establishment of Utopia through the activation of good will and abundance for all.
1. PHILOSOPHY: Universal Commonwealth and Abundance
a. Civilizations are based upon a shared philosophy. The mark of a healthy society is its adherence to the standards guided by its ideology.
b. The Asset Based Financial System is based upon a CommonWealth. Thus it relates to a pervasive distribution and redistribution of energy, resources and currency. The CommonWealth operates as a single organism with the purpose of feeding, protecting and empowering its citizens to growth and achievement.
c. The establishment of the philosophy of universal CommonWealth is the crucial mark in the creation the Asset Based Economy. It demands the full force of an Ideology of force to create a revolutionary change in world economic conditions and provide for a global golden age of prosperity and wealth. Thus the Ideology is the establishment of Utopia through the activation of good will and abundance for all.
2. ECONOMY: The Asset Based Economy
a. An Economy based upon the standards of the philosophy of its constituency. The Law conforms to and establishes the personal rights and collective rights through the interpretation of the “common law”. The economy fulfills the divisions of energy, resources, and currency according to its fundamental principals. The economy operates as a single organism that feeds, protects and empowers its citizens to achieve production, creativity and prosperity.
b. The engine of commerce is the action of an economy which powers the circulation of labor, assets, resources and results in the quality of life for the civilization. The first step in the initiation of an economy is labor and the creation of value through the production natural resources into available assets.
c. The transformation from debt based economy to an asset based economy is a natural progression for an advanced civilization necessary to move from global poverty to prosperity. Debt is by its nature a drag upon pure circulation and consequently the wealth of its constituency. Asset based economics is the fulfillment of balanced trade exchange which is uninhibited transaction. It represents the free flow of goods and services in harmonious commerce.
3. WEALTH: Principles of Value and the Creation of Honest Money
a. Wealth is created through the process of transformation of resources into something of actual or potential value. The rule of this creative process is material plus labor times tools equals material wealth. An economy to function requires the ability to measure and balance its currency in alignment with its collateral.
b. The Four Principles of Honest Money
1. Creation – (Expense in effort, energy and expertise)
2. Measure – (Defintion of market value by entrepreneur)
3. Medium – (Money is a temporary medium of exchange)
4. Balance – (Maintaining value between money & assets)
c. The first step in the intiation of value is Labor. Labor is initially defined as its mental, physical, emotional and spiritual components to produce a finished artifact. Secondly, effort and energy must be expended upon a product or at a service.
d. Measured in minutes of labor the product or service can be valued and defined in accord with the dynamic value of the artifact in the marketplace. Insured and affirmed by a voucher a commercial exchange of the asset can be accrued for a temporary medium of exchange within the marketplace.
e. The creation of currency is concurrent and temporal. As a medium of exchange it ceases with the consumption, consumation, use, elimination or transfer of the asset out of its created form. The corresponding currency signature is deducted from the system returning the economy to balance.
f. At the conclusion of the value chain financial balance is restored to the economy with the asset values in equality with currency available. Circulation is achieved without residue of either debts or credits. The asset has been reduced to potential and economic function has achieved its purpose to establish, mark, hold and release value.
4. CIRCULATION: Synergy and Abundant Production
a. Productivity is the mandate of the Asset Based Economy. Labor is rewarded through shared synergistic effort towards wealth creation. A product of the natural reward of increased circulation is quality and abundance.
b. With increased quality and more abundance market forces reward talent and places premiums on better products and overall values increase. Consequently, the value of expertise is rewarded and there is a general advancement of the quality of life without loss or debt. There is a graceful movement of the workforce towards appropriate aptitude. The value of labor increases with ability to satisfy the market desire for higher qualities, more expensive, attractive, and better products and services.
5. CIVILIZATION: Lawful Society and Human Rights
a. Organizing and managing society requires procedural legislations, mandates, directives and requests for consistent conduct, ethics and all business practices. Organization must consider the interactive collection of motives, directions, purposes and values following standard operating procedures.
b. Civilizations exist within a framework of personal and collective rights. Individual personal rights protected by the state are the right of person, property, liberty and contract. The rights of the collective are to insure there are laws to protect and support the rights of its citizens.
c. In peaceful coexistence the ability to empower personal interests without harming collective requirements are maintained through decentralization of power. In each community, state and region the manifestation of collective power is reduced to common denominators of influence on economic and social levels to provide for the least executive directives required.
6. UNIFICATION: Value and Resource Classification
a. Establishing and operating asset based economic systems efficiently requires uniformity of value. The currency of the asset based economy maintains a balance of values through first the codification of all resources, products, services. Universal codification is broken down into classifications, categories and sub-categories. Secondly, value is administrated by accurate accounting and measurement of exchanges allowing for balancing of values in respect to available currency to available resources within the economy.
b. Resources are commodities, products, potentials and are coded and denoted as Warehouse Receipts, actual currency or services rendered or to be rendered. In the creation of a warehouse receipt there is labor, material and talent expended which results in an asset. At this point it is considered a point of dynamic value and can be distributed into the economy. When the WR is offered on the market it is presented as a resource until it is either vouched for or purchased then it holds a value until terminated through consumption or transfer. The value is registered as the item itself as a WR, subject to its sub-category, category and class.
7. AUTHORITY: Individual Free Sovereignty
a. Individual Sovereignty is the corollary of Radical Decentralization. For independence and creative uniqueness to flourish the rule of law must be based upon free choice and markets driven by need and demand. Personal responsibility is the mainstay of social interdependence providing for invisible authority within an exemplary culture.
b. Personal freedom is the natural course of the advancement of citizenship and the fulfillment of rights protected and promoted by the collective. The right of dominion over person, property, liberty and contract is the essence of sovereignty.
8. DEVELOPMENTS: Collective Project Development
a. Each person, citizen, customer, seller and trader has common needs and desires which reflect through the collective. These are stated in community goals of quality of life through synergy. They include; Safety, Comfort, Recreation and Education and can also be expressed in terms of Housing, Energy, Food, Environment and cultural expansion of talents.
b. Project developments in a Commonwealth allow large or infrastructure projects to be funded through collective agreement. Creation of a value is mirrored by society as a “person” and funded by a region or nation to produce higher standards of living for its community and further the development of a civilization.
9. MEASURE: Checks and Balances, Prime Measure of Worth
a. Checks and balances keep order within the system and are the ability of the collective to maintain equity within the markets. The Asset based economy is balanced following clear principles. Checks and balances are administered by the community's leadership but under obligation to follow clearly defined structures of Law.
b. An asset based economy is an Honest Money System. The Prime Measure is based upon and regulated by economic standards, and contractual honor and the merit of performance. Contracts between individuals are administrated under the collective private partnership to insure that the social contract of economic stability is maintained as common law.
10 BANKING: Debt Based to Asset Based Banking
a. Currently Commercial Banks are authorized by nation states to create debt through a system called fractional reserve banking. This allows the bank to follow regulations of reserve requirements and contract debt with its clients. In a debt based economy commercial banks are the force behind depreciation of value and taxes against production. Debt based banking is the root causation behind individual loss of capital and freedom through interest and expenses.
b. The natural condition of a debt based economy is plutocracy, rule by the rich. The government becomes a crippled bureaucratic oligarch managing an depreciating economy. Inferior products and services are produced by a disassociated, disinterested and underpaid labor force subjecting the masses to a reduced standard of living. Labor and poverty become synonymous, government becomes totalitarian and civilization sinks into anarchy, decay and collapse.
c. Within an asset based economy merchant banks are partners in production and operate as trusts, depositories and virtual warehouses of receipts for goods and services. As a fiduciary accountancy and advocacy for meritorious projects and services Merchant Banks provide regulatory ledgers to insure currency balance and function.
d. Merchant Banking allows equity participation and investment to be rewarded with profit. Asset based banking allows fair trade to be regulated by market forces of dynamic value contributing to a healthy society wherein freedom and liberty maintain the principles of a democratic federation.
11. EXCHANGES: Common Wealth Trade Expansion
a. Asset based economics unite commonwealth principles and enable trade exchange expansion by allowing for the free flow of goods and services. Fair trade facilitates circulation and profitability through dynamic cycles of natural abundance. Profit radiates throughout society and rewards quality production.
b. The redefinition of labor by places time as the measure of value of a product or service. A time based currency system is fair. It values labor as time spent in the creation of a product or service and the result is an honest money system. Current value is adjusted by the dynamics of the prototypical supply and demand market. Dynamic value creates natural short term surpluses and deficiencies with inflated or subsequent deflated values. Markets are self-correcting when allowed to run a course within an asset based economy and the economy will return to stabilization and balance.
c. Mercantile exchanges are functional participants in the collectivization of trading. Through the necessity of uniform codification into classes and categories of all goods and services the Merchant exchanges perform the regulatory duties of administration. Conversion of assets into warehouse receipts is a primary function of the exchanges. These warehouse receipts are then valued according the commonwealth’s economic measure, minutes or “mints”.
d. Actual exchanges are produced through a process of bid and redemption through standard economics of buy and sell. Mints are the medium of exchange and on the level of accounting are ledger entries to validate warehouse receipt values in transition from merchant to trader to consumer.
12. OPERATIONS: Technological Infrastructure of Exchanges
a. Exchanges operate through automated systems utilizing advanced technology to make possible the enormous amounts of calculations in an active marketplace.
b. Programming software structures demands scope and extensive detail management. In each system a hierarchy of commands is present initiating and delegating tasks, mandates and projects. Each system follows an interweaving policy and report requirement insuring checks and balances have occurred at every station.
13 SOCIETY: Common Wealth Infrastructure
a. Social interdependency is the primary function of the commonwealth community system and is directed through executive councils. The formation of automated systems and executive councils are natural offspring of business development and rather than of a political power structure.
b. Infrastructures for transportation, communication, utilities, commodity distribution, public education and governmental power are built under the guidance and support of collective vision. Primary power resides in the constituency and their executive councils to manage and channel desires of each community, region and nation to fundamental prosperity, economic balance and continuity.
14 FOUNDATION: Economic Alliances and Systems
a. Alliances are engaged in by participants for mutual benefit. The asset based economy requires humanity to achieve appropriate consumption and fair distribution in respect to its environment. It is further based in maturity and moral leadership aligned with the goals of legitimate social economic philosophy.
b. Systems are developed by people to exact the correct effect in a process. The foundations of Asset Based Money systems are compartmentalized and limited in scope and size to allow simplicity of performance and ease of action. System establishment requires that it is grounded in a willing constituency of participants to be successful. As debt based money is driven by greed, fear and lack the programs of opportunity abundance and wealth will find obstacles only in the efforts of momentum and disbelief.
c. Technological systems and production are expanding to provide a great multiplier upon the engine of material wealth. A surprising component of asset based economies as they move into full operation within trade exchanges will eventually produce a society where everything one needs will be inherently free. The inhibitors to success and creation will be eliminated and natural wealth and abundant supply will replace scarcity and desperation.
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Category: Economics, Financing, Banking
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