Would you rather have Ideal Money, or Continued Global Conflict?
Sounds non-sequitorial, like, “Would you rather carry your lunch or walk to work?”
That is a choice humanity has, to make.
About the money, and conflict.
When we have ideal money, Global conflict becomes difficult to maintain. I don’t think it can be done.
By ideal money, I suggest, a fixed unit of cost for planning, stable store of value for saving, with global acceptance for maximum utility, and nothing else.
We currently create variable cost, variable valued currencies, with variable acceptance, that invariably lose value over time.
So I suggest a rule, for international banking regulation, to correct the process:
All sovereign debt, money creation, shall be financed with equal quantum Shares of global fiat credit, that may be claimed by each adult human being on the planet, held in trust with local deposit banks, administered by local fiduciaries and actuaries exclusively for secure sovereign investment at a fixed and sustainable rate, as part of an actual local social contract.
Fixing the value of a Share at a million, and the sovereign rate at 1.25%, establishes a stable, sustainable, regenerative, inclusive, abundant, and ethical, global economic system, with mathematical certainty.
How can it not?
Fixing the cost of creation and maintenance establishes a fixed unit of cost. That stabilizes value, for storage. Money maintained at 1.25% will forever have precisely the convenience value of using a 1.25% per annum fixed value globally fungible trade medium, instead of barter.
That, is an option to purchase human labor, broadly, as any produce of human labor, any human’s property. Any property was acquired with human labor, or options to purchase human labor.
The rule creates a per capita fixed potential money supply, financed with our individual, informed, agreement, to make our labor available in exchange for the currencies. A million per capita, appears to be sufficient, and is a conservative valuation, based on estimates of lifetime economic produce from three to six million. 1.25% of a million per capita can sustainably be recirculated, equally, through the hands of each of us.
Pushed to that limit, which one might reasonably expect, there will be a million per capita in existence, and whoever borrowed it, will be paying 1.25% per year of all the money in existence, equally to each of us.
That’s a thousand per month, earned by each adult human being on the planet, for participating in the global human labor futures market, voluntarily.
Voluntary acceptance, through local social contract, is an ethical method of achieving global acceptance.
Oh, did you notice that the thousand per month would be a consistent, global, Basic Income, that doesn’t cost anything. Because the money is paid as interest on money creation loans, paying it to the ones who earned it, is free.
Current global sovereign debt would only pay each adult human being on the planet about twenty per month. But we will own our selves. And we’ll each have access to 1.25% sovereign rate loans for home, farm, or secure interest in employment, with local fiduciary oversight.
When each level of each government has access to 1.25% money for secure investment, they’ll quickly have backlogs of readily financed projects awaiting willing labor. We should reasonably expect comprehensive and generous local social contracts to be written, to retain and attract citizen depositors, globally.
In a system of abundance, the only scarcity is willing available human labor.
As more money is created, our Basic income is increased. As social contracts become more comprehensive, efficiencies of stability, scale, innovation from cultural diversity, cost of living goes down.
When each local deposit bank is licensed to create any currency, projects may be financed in whatever currencies are required for materials and labor. Our economies will become so enmeshed, any thought of war becomes absurd.
When we each have access to the value of our future labor, instead of having that property usurped by State, for Wealth, conflict abates. We are no longer told how some ‘other’ is to blame for our apparent enslavement, because the inequitable markets designed to devalue ‘other’ human labor, are made redundant, and excised.
Yes, it’s just that simple, to simplify Economics, and provide an ethical foundation for our global economic system.
For something no one seems to be able to provide a logical argument against, acceptance is similarly absent.
Thanks again, for your kind indulgence