THE ISSUANCE OF NEW MONEY

It is a straightforward principle to align the creation of additional new money with the increasing value of goods and services successfully exchanged in the market place. When that increase occurs without hindrance, it is quality that advances and quantity, which declines. Better quality will last longer. No built in obsolescence and less waste.

For any individual nation there must be one single authority, which creates and issues that Nation’s currency, which we call money. Such an authority has total dominion and sovereignty over the people of that Nation.

Therefore the issuing authority of new money, must be chosen by the people, to be of the people, for the people. In this manner the people have total dominion and sovereignty over themselves and enjoy the first true democracy in the history of mankind. Freedom gives no other option.

“Whoever controls the volume of money in any country,  is absolute master of all industry and commerce  and when we realise that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate”. President James Garfield. 

Within a few weeks of making that statement, President Garfield was assassinated on July 2, 1818.

In order to have an authority, which the people can trust, the manner in which the value of money is calculated must be simple, easy to understand and easily validated.

Because money is a means of exchange and therefore stands proxy for what is being exchanged, money must truly represent the value of the goods and services successfully exchanged in the market place. All we need to know, is the value of that for which money stands proxy.