Coinage and Cryptocurrency or Paper IOU Fed Notes. What is money? Should it be Based on mining labor or debt for government spending and taxing?
Soon we will have to decide. But first The truth about the debt Notes we have been forced to use as legal tender/currency for trading goods and services.
What we call a dollar is a debt note (IOU) from the federal government to the Banks (Federal Reserve) and represents nothing but a promise by the Federal government to tax the people and repay the value of the loan (bond) that the dollar represents.
However the government reneges on it's promise of what seemed to be 100 cents at first by taking out more loans (printing more debt - Federal Reserve Notes we call a dollar) to pay for expenses way above the ability of the government to tax its people for decades into the future. What that does is dilute the promise (value) of each Federal reserve note we call a dollar since the total note amounts in circulation are much more than what the Government can pay from your taxes.
Let's say government takes in a million in taxes but has printed two million notes. Each note then is worth 50 cents not 100.
The government by now has reduced the value of the Fed reserve note Dollar to less than one cent compared to 1918 when it began as a promise for 100 cents. Inflation of prices is actually the equalizing of prices to the actual promised value of the Dollar note.
Cryptocurrency or coins made from mined metals are based on a fixed amount of labor put in to mine either digital or actual coinage. It is not based on taxes but rather a fixed value and amount of the underlying metal or digital coins. No worse than trading someone else's IOU that you have to pay from taxes as we do now with the "Dollar" note.
The only problem with coins and Crypto-coins is that they fluctuate in value. So we would have a fixed advertised price for goods but....the actual amount of coins presented for a purchase would have to be adjusted daily or even by the minute to equalize to the value of the underlying coinage. Loans would also have to be adjusted. This is already being done with cryptocurrency since it is digital and easy to figure out.
Lawrence spent his career solving the problems of major businesses. He created software, business processes and systems that save millions of dollars a year and make people’s work life easier and more productive.
He was a founding partner in a company which is instrumental in streamlining the practice of medicine and helping both patients and Doctors cope with the problems created by government health care.
During an assignment on the 98th floor of the WTC in 1993, he experienced first hand Islamic Terrorists' nearly successful attempt to take down the WTC. He and tens of thousands of others were trapped in the building in darkness and choking smoke.
After the government’s whitewashing denial of the root cause of the bombing - the evil built into Islam, the deepening confusion of American values, the negative end results of unnecessary and even immoral government intervention, the deterioration of the US economy and widespread systemic government corruption and unchecked power, he founded The Society Project to provide a blueprint for restoring our unique government Of the People, not Above the people, as it has become.
The Society project is dedicated to restoring the Constitutional Republic of the United States by educating, motivating and facilitating people to act to repair our society, through the Amendment process, before our society becomes another of the world’s failures.
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