Final Questions on Golden Age Economics ---
Money Creation Process
Utilizing the time standard for the creation of money under the current structure there are great disparities in the value of time from one culture to the next. How will this system rectify these differences and will such conversion ratios make sense in the dynamic value and bid processes between 1st world countries and 3rd world countries. What is being asked here is considering the fact that labor is the terminology of value how can the state of value be balanced between disparities that are so evident today.
Following the same line of thought when you have a third world worker willing to work for 10% of the amount that a worker in a 1st world country must have to exist then wouldn't all the work and hence assets be attracted by the lower price of labor in 3rd world countries.
Would the redistribution of assets would for a time go to the third world in a great windfall due to these disparities. If so would not the chaos that is presented be detrimental to the 1st world countries and create critical shortages in the meridian of change?
A Labor based economy being instituted in mid stream would seem to exacerbate these large and significant differences in wealth between the worlds and cultures. If this is so then how would a landing be accomplished to avoid the hardships of he wealthy with the poor.
The reason for the above questions is that if the income projected at 100k USD per year to reach a level of abundance is reasonable for the 1st world but the same amount of funds for a 3rd world economy would be astronomical? Is this desirable?
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MARKET
Considering market dynamics the systems call for a process of economic recirculation which allows for the increase of purchasing power. With increased purchasing power how would this be managed to avoid inflation or rather more purchasing power seeking rare and valuable items and thus creating a shortage and subsequent price increases?
It has been stated that through the process of dynamic value there will be an increase in quality product creativity which will increase resource supply? Is this feasible under the presupposition that profit motive and greed will limit the supply rather than increase it. How do you believe the underlying belief that scarcity is a method to keep prices high and continue to control a resources and commodities?
In selling FUTURES; either services, products or mining contracts etc... how will the ability to market these futures be an advantage to the marketplace? If the futures are sold at a discount it may be found that the value to produce or deliver the items is not profitable at the contract price or contract date. If this scenario occurs then there can be a scalable failure of the array which can cause a lack of viability in the sellers of futures.
In facing the above, the underwriters are at heavy risk that the producers and marketers of futures are honorable and will deliver on their contracts. If there is a large default by producers what insurance guarantees protect the viability of the underwriters and the banking system which holds together the system?
Being that the marketplace holds common values, unique values and there universal indexing process that must be created to achieve a full free flow of goods and services between all levels of economic diversity during the interim how will one local economy be protected from other economies? The current problem with Global Corporations is that they take the value from local economies and return the value to economies that are naturally predisposed to higher values? How will you insure this is avoided so as to not have pockets of wealth and pockets of poverty?
Administration
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Once you have writing legislative, procedures and have the policy management system in place will this open structuralism allows for interactive distribution that is fair and without corruption by individuals and or corporate entities. In fact, can there be corporations that exist in your system or is the administration limited to single users?
With the sort of policy management system that you envision the politics of the system appears to be based upon the assumptions of a utopia. That there will not be any invasive action by aggressive forces who have the intent to damage or disrupt the system for whatever agenda they may or may not represent. So under this alien concept how will the system shield itself from invasion by negative actions either rogue governmental demands for taxation or fearful idealogues who are intent on a crusade for some belief system that is contrary to the Golden Age Philosophies.
Underlying the entirety of the project is the assumption of market forces will naturally evolve towards a free marketplace or an open market that moves away from totalitarians who seek to be funded through taxes and interest off of their central bank created fiat currencies. The constituency may take longer to be strong enough to avoid being considered an illegal operation and all parties to it may find themselves in violation of the rule of law of the tyrannies which are masquerading as democracies. Is the pull towards this economy strong enough and will it have a great enough critical mass to break through such an egregious control both psychological and physical?
The delivery of items that are promised to participants of the economy are planned through a warehouse delivery system which is fundamentally a grass roots avenue of distribution. Is this a circumspect or appropriate understanding of proper distribution mechanics as the logistics for mass movement of goods and services are already manifested. The restructuring of such a massive distribution network appears to be ill considered and unworkable over the short term? What is your consideration of this very important part. And in addition this may be the weakest link in the moving away from governmental restriction as if the products and services cannot be delivered then the effort will be aborted or be stagnated by such strangulation of efforts to deliver on promises.
RESOURCES
The programming of the system requires resource, description, classification and subsequent levels of categorization and value identification. The range of uniform codification already exists to some extent in many architectures such as bar codes and now RFID chips. In order to have standards that are ubiquitous, translative and expandable appears to be a massive undertaking which may or may not be a capability of even the best programmers. The task itself demands the ability to have both a physical, symbolic and intuitive integration which provides a seamless instant infrastructure which can fluidly represent the value and the product on a system which operates automatically without interference or adjustment by outside agencies. Even with the resources can such a devise be created which can uphold a system and allow it to become an organic realized form that is compatible with this ideal?
Responsibilities
In the autonomous execution a program that can be considered the playing filed which is unchanging but supports the foundations of this collective economic vision wherein each player makes free choices with personal responsibility where is there room for adjustment if necessary? Once the program is built it will have to be adjusted to meet various changes which were not seen at the time of its conception and implementation. With this recognition how do you plan to allow for amendments which would not corrupt the original intent?
The corruption of the system even in slight ways may have disturbing effects on the ultimate ability of the economy to continue and endure against the constant pull of challenges which will come in the future. How will the system evolve to provide for as much continuity as possible for the benefit of the collective.
Projects
In collective management of the society there are project that must be manifested. These projects include large social considerations which can be summarized as ... Life, Environment, Protection, Energy, Resources, and Cultural Enhancements. In these areas which would include housing, comfort, Safety, Sanitation, Utility development, Transportation, Communications, Food, Natural Resource Development, Health, Welfare, Education, Recreation and Community Infrastructure the investment in energy, assets and economic values are suggested to be put up in a manner in direct opposition to taxation. The idea that these operations can be run in a for profit positive manner is in contrast to history of governments. How would you respond to such a criticism that the idea of such as a true capitalistic democracy does not have a precedent and is not feasible?
In appreciation of the scope of the above how are certain disagreeable operations such as trash removal and or sanitation be made more desirable by a populus which is without need to produce?
Is wealth a precursor to decadence?
How are the masses to be motivated if their need are met with little effort?
Measurement
The time standard which will be based upon minutes of labor with at present a conversion ratio which is linked to national currencies most notably to the US Dollar at a 1-1 ratio expects that an income of 100k would allow abundance. Is this before or after taxes?
Social Contract and Policy Report
The system of checks and balances to regulate and control the system stability follows the belief in business ethics but also implies that there is an executive decision making apparatus to determine abidance to the law or contradiction to it. If the above is true how are the checks and balances implemented through the system and where is this matrix in the program? Is there a director who will have control over this function in perpetuity? And if so what is the lineage or the ascendancy of officers who would uphold such a function?
Currency, Capitalization and Accounting.
The banking system, its electronic coinage and the credits which will be manifested call for full and transparent disclosures. With the banks being organized through a free market non regulated facility how will the accounting be established to be both universal and authoritarian?
Exchanges
The exchanges are set to operate in all the financial markets, futures, currency, commodity and commercial marketplaces. These mercantile exchanges are the stock exchanges of the future for the asset backed economic systems. The underwriters who energize investments by vouching for the services of individuals and their subsequent products are given incentives. How are these advantages offered and in what way can we depend on this mechanism to have continuity and longevity?
The Exchanges represent all products and services that are “on the market” and as such they hold a value while they are being traded on the bid, buy sell system. Once completed they balance out and the monetary value becomes non-sequiter. So upon trade conveyance the capitalization is complete and the voucher is paid off to the underwriter and a new cycle of monetary circulation begins. What if there are items in trade that are never conveyed for whatever reason how is this rectified?
In exchange coordination and dealing with trade balances, credit liquidity and market or exchange cooperation how is one colonial exchange coordinated with another without a loss of value to the exchange? If a continuance of loss of resources through adverse purchasing of local resources would there be a way to protect this local economy?
Commercial Paper
Basically I believe you defined the nature of commercial profit as basically 5 levels of stratification. First Demand Receipts = Electronic Credits or Coupons = Unitized Cash which is called currency which is proxy ownership. Second, Equity Receipt = Warehouse receipts or deed receipts = stock equity value which is considered to be real ownership; Third, Advertising Trade Credits = Point of Sale Profit = Bank or credit balance which is an asset accumulation or a production value increase; Demand Note = A voucher or a bonding which is a debit instrument which is an investment in a person or project; Trade Note = Venture Capitalization or Financial future which can be considered a derivative based upon liquidity of value and its future or hoped for return. In this scenario do you have any additional thoughts or concerns about his rendition of these terms and if they apply to all characteristics of money as symbolic representations of asset backed wealth?
Operations of Economies.
Underlying the system there are Traders, Underwriters, Advertisers, Bankers, Marketing Companies, Districts, Regions and Alliances. There are probably more varieties of operating economies of scale yet with these individuals, collectives and or cooperatives what fundamental principal keeps the world cohesive if it is not the profit motive? This is being asked because at some point the profit motive will cease to be a adequate incentive for action.
Community Networks
Herein there are a listing of six important areas of development of communities; Social Interdependency,
Communications Systems, Delivery Systems, Educational Systems, Legislative Systems, Executive Councils.
To reach a harmonious economic alliance with a system in synergistic communion and fair distribution, appropriate consumption must be allowed to be understood as primary principal of universal prosperity. In the development of society there needs to be a continuous application of educational media to bring about the fulfillment of a rare and sacred dream. An educated and cultured populous is a necessary prerequisite to a free and prosperous union. The interactive willingness of a society as a whole over the selfish and deleterious advantage of the elite must be guarded and protected to insure the correct valuation of sacred labor over the institution of demonic structuralism designed to enslave populations with scarcity and avarice. The vision of economic utopia must proceed on the back of all its participants as an agreement for the abundance of the whole comes with the appreciation of appropriate consumption and unilateral benefit. Why is this a possibility now in this time when it hasn't been something of merit in the previous centuries?
