Economic Revolution - Interview - February 3rd 2006

Interview Feb . 3rd 2006

The following is a discussion between Victor and Richard on February 3^rd 2005. The discussion took the form of an interview in order to better explain the process of economic change. Please add your comments in this forum.
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RW: Victor could you explain the central key of the Golden Age Economic Ideology.
VS: That is simple; the central factor is the redistribution of wealth. Right now 1% of the people own 90% of wealth and my intention is to assist the 99% own 90%.

RW: What would be the first step in accomplishing such a large goal?
VS: Setting up financial companies to allow us to provide people with the money they need to buy all their commodities, goods and services.

RW: How is this different than the present system that is operating?
VS: The top 1% who own the 90% are favored sons of the banks. They are able to go in and borrow additional funds by leveraging the wealth they have. That model is very difficult for the people on the street. The way it works in practice is the people without access to private banking are only allowed to survive and they are always on the fringes... of poverty. They have no disposal income to improve this condition.

RW: Are you a socialist or a capitalist?
VS: I cannot answer that because both terms are polluted. I am really neither. I believe there can be a system which is not elitist and dictatorial. If you wish to use words to describe the present system you would have to use terms such as plutocracy, the rule by the rich. The capitalism that we see in the world is oligarchic and not a democracy just as the societies that were said to be communist were nothing but fascist totalitarian states. The movement towards totalitarianism is always the route of fiat money systems. These kind of conversations become quite layered with difficulty because of the ideas people have about systems. The social system I am seeking to see occur is a one where people are sovereign and are empowered. Whatever this system is called doesn't matter but it will not be fettered by elitist capitalists who promote wars, disease and profit over the value of the population's lives and happiness.

RW: Isn't our system a democracy with a capitalistic money system?
VS: NO... it is partial, biased and controlled. The majority are enslaved by taxes and devalued money through inflation. So it is not a democracy but a plutocracy as I stated. And this is not a capitalistic system because it operates through a debt money system it is a debt money system operated in a controlled marketplace. “Capitalism has been defined in various ways.[1] In common usage, it means an economic system in which the means of production are overwhelmingly privately owned and operated for profit, decisions regarding investment of capital are made privately, and where production, distribution, and the prices of goods, services, and labor are affected by the forces of supply and demand in a largely free market. (From Wikipedia.) When you understand that the way the Central Banks control the governments on behalf of the global corporations it is hard not to see that this is not a Free Market Economy. Debt Economics is dishonest economics because it devalues its money to benefit the elite who own and control the reigns of power which is the power to put and take money off the system.

RW: What is wrong with debt money?
VS: The imbalance between what is for sale and the amount of money on the market generally causes the debt money systems to collapse after a short period of time. Honest money systems are ones where there is never any more money that the assets that are for sale. It is in balance. The US economy was taking over in 1913 by outside powers when the federal reserve came into existence and made money based on debts not on assets. “According to the United States Constitution, only the U.S. Congress has the power and responsibility to coin money and set its value. In the 1913 Federal Reserve Act however, Congress delegated this power to the Federal Reserve. The constitutionality of this type of action has been controversial. (From Wikipedia.)

RW: How can you move from debt money to honest money?
VS: Its hard to get debt money to act as honest money and the four principles of money.

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) (From the Training Manual)

It took a while for me to discover these four principles. It is hard to have the debt money system to act honest or to move to the new system. It requires a pool of money so there can begin a underwriting service and move it into the market place. What is required is producers getting paid for the product right away. The underwriter recovers his money through an auction format in the market place for the product.

RW: How you explain this to a guy on the street?
VS: I would just ask if he would he like to be part of a system that allows him to sells his products and services at market value? This would be a great improvement and much easier than the way it is now. The only thing that this marketplace would require is that he must deliver his goods and services that are correct and nothing fraudulent.

RW: The first question then he would have is “yes I would like to sell my goods and services for market value and where can I do this? And who can I do this with?
VS: The first thing he would do is he would get guidance from his local ad agency to categorize and market his product for sale.

RW: Who puts together the ad agencies?
VS: This is why there needs at this moment in time to be a pool of unallocated funds to start this operation. The plan is in need of a cooperative financial system which involves the underwriters, bankers, warehouses, marketing and advertising companies.

RW: As we are not venturing on Hypothetical Avenue my question is the central banks, global corporations and giants Godzilla companies have a stranglehold on money and venture capital so how is this going to be started?
VS: The starting point is small industries and home based businesses. How is this going implement? The answer is it will happen as the money system we are presently in deteriorates because of its inability to continue and there will be defectors from the 1% who are willing to underwrite the new economy.

RW: What if they are forbidden to do this?
VS: The unwritten rule is they have been. That has protected this one percent from being exposed. They control most of the media, the large corporations and the government by direct influence and proxy. What has occurred that is different now is the Internet. People have been exercising sovereign activities and the marketplace is about as laissez-faire.

A free market (rel. laissez-faire) is an idealised concept of an economic system (as well as an expansive political environment) wherein exchanges are "free" of coercive measures such as tariffs, excess taxation, restrictions, and (in some cases) regulations. AND -- Trades in a market made with Fiat money cannot considered to be free ones, as long as the widespread acceptance of fiat money is enhanced by a central authority which mandates or compels the money's acceptance under penalty of law and demands this money in payment of taxes or tribute. (From Wikipedia.)

The Internet and automated systems following the four principles of money have the opportunity to bring this “idealized” system into reality. As a real market is fair and honest and devoid of governmental interference people can begin to make sense of the value of their labor and resources. Once this is accomplished there can be the progression to global prosperity.

RW: Back on Hypothetical Avenue lets say you received a large $1M USD investment to seed the field so to speak and get the system operational.
VS: Investments can be used in leveraging. The use of leverage is very important to bridge from this system to a new system using loans based on cash and other assets and turn them into credit. There are many new ways that have opened up to get funds or rather “Credit” from credit card companies. Other ways to use collateral and turn it into credit is a way to geometrize cash when the market goes through its normal buy and sell programs. A single dollar can be turned into 10 dollars of credit through buying an insurance wrap. Although the denominations are very high so it takes 10 million dollars to purchase a legitimate credit line which would be 100m. These credit lines are then disbursed out into the economies by the underwriters who perform the function of vouching for the traders in the bid, buy and sell programs.

The Cash to Credit program of 10 to 1 returns has been accessible to only a few. This is not a new idea I am just wanting to make the process available to people on the street. They can take whatever their assets are to the market. This allows them to trade in this exchange where they can make 20 to 50% a day and up. This isn't this unheard of. The 1% who play these investments on the forex markets and other commodity exchanges make these types of returns.

RW: This sounds like a revolution... are you suggesting that the people on the street as you call them can earn returns 10 times and more than what the banks provide over the course of a year.
VS: Yes I believe it will evolve fast and fast evolution is revolution. The ante for the people on the street is the same all they have needed is a ready market. They can go 10 to 1 just like the rich guy.

RW: Well I think anyone listening to this or reading this copy will want to be part of this market place immediately and I mean literally millions of people. So they also want to have wealth and be prosperous. It is better than poverty.
VS: Millions who are asking and wanting can I do this. If they knew of a place where they could invest their money and receive a 50% return in a day thousands would join in a day and millions the next. There would be a garage door opening on every block with people seeking to find a underwriter, or a member of marketing company or advertisers to help them into the market. These people are called the market makers.

RW: Where are the Market Makers?
VS: As soon as someone expresses interest to be part of the Market then the underwriter assists him in assessing the assets and simply writes a check for what he pledges to the system. This can be paid in the form of a credit card and so credit is immediately passed from the Market Maker, which is again the underwriter, banker, advertiser and or marketing company who vouches for the new trader. The trader is the one with the stuff in the garage, or the service or the goods and products he manufactures. Once he receives the Credits from the Market Maker he can buy what he wants. He, the trader, can buy what he wants and at Walmart, restaurants, gas stations and do just about anything.

RW: Right now there are no Underwriters. All these poor people are on Reality Street. They have a garage with a bunch of junk that nobody wants to buy at a fair value but rather everyone wants a big discount.. Reality street has a dead end. No way will any investor come forward. Is there a way to create an economy from the group on Reality Street or do you have to go to this elitist 1%?
VS: I am going to need underwriters to help 1.6 billion people to become abundantly prosperous. It has not been done before and a free market is a Utopian Idea. What is different now is the automation and the Internet can make it happen. What we need more than anything is the automation created and the systems. A donation of debt money or donation of time and resources is all that is required in order to create the platforms on which this golden age economy can operate.

RW: A 1.6 billion member constituency of traders who will become prosperous. Does anyone share your ideas? The population of the world has been downtrodden so long. They don't believe. The feeling they have is they don't expect to be funded by the rapists, the one percent you speak of.
VS: Your point is valid yet funds will come as this idea unfolds and it is required for the cycle to begin. The cash credit cycle. To leverage assets and cash into credit like the Federal Reserve does. Money is basically a commodity. We use their commodity to keep leveraging the currency we have.

RW: Isn't what you are talking about illegal for a private citizen to expand credit? They can't do that. No one has been able to do that? It has been restrained and restricted?
VS: I am suggesting we can do this for guys on the street. People expand credit all the time. Look at people who have “Credit Cards.” The only difference is I am speaking about trading credit lines where people will be able to pass their credit line from one person to another without it turning into cash and thus causing a taxable event. If the credit is a hypothecated rather than a piece of property then it can be expanded in the same manner as in banking. (Hypothecation is a pledge of property as security for a debt without transfer of possession.) If this can occur through the magic and power of automation and the expansiveness of the Internet then it can grow and expand geometrically very quickly. What can grow and expand is the free flow of goods and services which is the credo of the golden age economy. Thus you have a privatized currency operating upon pure credit rather than on debt and whereas the credit is controlled and vouched for by the market makers or underwriters who are in turn traders within the system making no one conspiratorial behind the system but users of it.

RW: Have you thought about writing a book on this and going on a public speaking tour?
VS: I want to actually do it and let the story be told by my actions and let the people who become prosperous in the system tell the story. I want to hear it worked from a billion people who become billionaires. That would be more fun.

RW: Why don't you take this project idea for an economic system software design to a commercial lending source?
VS: I am actually doing this so the banks will favor it. They want cash in reserve and want fees and interest and we will be in harmony with the banks. They get cash directly from our desire to leverage. They will honor their credit lines because the system will pay the debt service through the operations of the system. All banks want to get big and this system will increase their reserves immensely. So the answer is yes we can take the many different projects to the banks. The idea of them funding the economic system is something that is not possible because it is public domain and must remain decentralized to avoid any sort of compromise or destruction of its capacity to operate.

RW: Are you are really looking for finance companies and or underwriters. They seem to be the ones that will do the process. Is this correct?
VS: Looking at banks, insurance and finance companies their investments and instruments are very usable in honest economics. All the systems in place are in place, insurance wraps, bills of exchange, bank guarantees, letters of credit, etc. what is needed is a system to validate and vouch for assets that can be used as collateral by the people on the street rather than just the upper echelons. What happens is that on the global exchanges, the networks, local regions and all the marketplaces the DEBT money system will be replaced with a system that allows for proper creation, balance, measure and where the money is medium and not a value in and of itself. These are again the four principles of real or honest money. The system will make that fit and balance assets to cash. At any point the collapse of the dollar and hence the debt money system there will be an exchange immediately to our system which involves Mints which is measured as minutes of labor. This is what is the common denominator of what is being pledged within all products. Labor is defined as both expertise and effort used in conjunction to provide a service or produce a product. When something happens to the economy credits in the system are exchanged to Mints based on the MEASURE. This measure is based on a 40 hour work week where all a person's needs can be met on one 40hr work week. About 110k a year.

RW: You are trying to save the planet?
VS: Yes this is the goal of the Underwriters. The underwriters will become the most wealthy, Billionaires. The difference is they are involved in wealth redistribution. They buy someone else a house and put it into long term timeshares. There are trillions, at least 6.6 trillion being distributed and redistributed. This will geometrize even more money. It is similar to the “fish and the bread” story of Jesus of Nazareth. The more baskets the more the supply grew. It is based on that kind of principle. The more he gives away the more he gets, that provides more and more.

For every dollar you have you can create 10 dollars in debt/credit. We are going to use what the private corporation called the Federal Reserve does. Its the biggest Ponzi scheme every and it has been reserved for the one percent who are co-consipirators and have stolen the wealth from the 99% for thousands of years. That is what it is at its most fundamental level. In this new money system the person who pledges his product gets his money and goes to the market and it starts with this asset, product, service. Anything can be of value and can be put up and the underwriters will hypothecate or loan against it. Each Trader is capitalizing himself into the market. They keep leveraging assets into the market and when he is bid buying and selling the underwriting is profiting. There are real interesting things going on in the Market because it is not like Ebay. He is making money because he is buying and selling so his money comes from buying and selling and so he is gaining more by that. I found a way to accelerate that market and have millions of transactions per minute. Each trader or person can double, triple their money in a day. They can make as much money as they want. They keep contributing the more they spend. They cannot buy and sell unless people put things up on the Market. The underwriters put up the products by vouching for the traders and they are given a discount and it is a wonderful vicious cycle of prosperity. Each trader can be active as they want. Bid, buying and selling. Automation is the key because of how fast the Market can move. Each trader can allow the computer to do it and automatically do it in micro seconds. There are billions of sales per day. If people are putting products and services.

RW: History is full of examples of good economic ideas that don't work due to the notorious nature of the real world for finding flaws and stagnation, inflation, hording have been problems which produce depressions, recessions and outright collapses of economies. What do you have to say about this. ???
VS: The credo for the Golden Age Economic system is “The Free flow of Goods and Services.” Governments put inhibitors to keep economies from moving so that it can favor this special interest or that. Governments take huge amounts in taxes and the banking fees are incredible and make it hard to let people into the market. Its costs $25 million to get a seat on the US Stock Exchange. In our system the cost is 0 dollars to get on the exchange. You put your product in and you are in the exchange. No initiation on that. All you have to do is to promise to do what you said you do. If you deliver the product then you did it. If you fail your merit falls and the underwriters will no longer help you and people won't buy from you and you won't be vouch for you. Having someone vouch for you is important.

RW: A lot of people have good ideas but the implementation is the important part of process isn't it??
VS: to seamlessly walk over to this idea will be like a contagion of prosperity. For right now there is a savage dog eat dog attitude. We can cooperate. This can be an easy process of redistribution. The first money goes to the programmers. There is a long list of things; building communication centers, with Intranets and advertising supported Internet systems to do the transactions. The constituency is still required and there are certainly enough believers especially once they earn money they will flock to the exchanges just as they do to the stock market, MLM's and people try to find businesses that will make them wealthy. But 99% don't every make it. They never reach that point in their financial status where they are wealthy. This time we will make it and the billion member constituency never had an easier way to reach their goals. This system can grow very quickly..

RW: GREED & FEAR controls the 1% and the 99% are infected with this problem Why are the billionaires in such resistance. Wouldn't they be the ones that would prosper the most?
VS:I heard the statement that what if the Illuminati decided to be benevolent. The golden age would come in through the work of the wealthy. The storehouses would be full of products and wealth would increase as it was distributed. What counts is the end product. Its all sitting on the table right in front of us. The question is still how do we move from debt money to honest money. Are we who represent the traders and underwriters of the new economic systems going to use the infrastructure of the debt system. This is the most likely scenario as the new system will be able to move to any currency at any time. The new Medium is privatized individual credit currency based on the value of assets involved in trade or transactions. The first thing is to have the pool of funds to create the programs and fund the infrastructure which will drive the new economy. It is going to come from a lot of directions. The idea is well defined and the rule of the universe will make it happen. We must look past the history of the old system for in the last 100 years the plutocracy has killed 1 billion people to keep their control and power. Their money is their bane of their existence. Looking from a new perspective where we want a person to be responsible for themselves. This is called sovereign activity. That is what this exercise will do. I have seen it over and over it is empowering... incredible The character of people reaching prosperity grows. They have passion and joy. This is what we are selling. They can take down their protective walls and enjoy the fruits of labor which becomes peace, prosperity and happiness.

RW: Thank you for your clarification on these ideas. I think it is extremely valuable to go over this in context with our time and with the understanding that you have worked to achieve.