|
Humanity needs a new currency without
the problems of the old monies that allow various forms of theft: inflation,
taxes, and speculators. The following chart summarizes the properties of
an ideal currency. This summary reflects the research of several other
writings.
-
Nature: what an ideal currency should be,
-
Worth/Wealth,
-
Capitalism, pure and simple,
-
Provisional: how an ideal currency can be created as a provisional currency
and tax system,
-
Barter: why a provisional ideal currency is a barter system to
organize people to solve problems, and
-
Legalized: when a provisional ideal currency will be legitimized.
Nature: An ideal currency would fulfill the meaning of
currency: "What is your time currently worth." One's timely current
worth is how much time one creates as a problem-solver. This is the basic,
objective, absolute basis of wealth and currency that transcends the
boundaries of nations and centuries. A loaf of bread has the same
time-saving, life-extending value in India, Africa, Europe and
America both today and before recorded history. This basic,
universal and timeless "breadbasket" of wealth is one of many common,
intermediate products that an deservedly serve as an existential
tripod for determining the relativity of individual wealth.This creation
of time is synonmous with and fulfills the Latin meaning of "profit",
pro esse--forward existence or time. An ideal, perfect currency captures
this time with a unity and permanence that unites the symbol of current time
with the very substance of current time--never suffering inflation. The name
for a perfect, idea currency would reflect the origin of all wealth in the
saving of human lifehours.
Worth/Wealth: Because the symbols of one's time has become
divorced from the substance of one's time, it is possible to have more symbolic
wealth (money) than one's substantial worth. This is altogether unfitting
and improper considering that both wealth and worth were once synonymous
in word and deed before the money-changers entered the temples of human
destiny. Then the act of gathering a livelihood (legein) was
simultaneously logical and legal. With the symbol/substance
divorce, wealth was possible without worth as legalities defied logic before
the thievery of lying politicians.
Capitalism: An ideal currency is synonymous with and
mandatory for perfect capitalism, that is capitalism per capita.
If individuals are fairly and accurately rewarded for using their heads
(capita) to solve problems, then the symbols of the substantial
problem-solving are a perfect, ideal currency. When people are allow
to illegally or legally steal the time of others by guns, computers, lawyers,
politicians or economists, the victims have been decapitalized of their
problem-solving time, their human lifehours. When the time-savings
of solving a problem are not equally
divided among the problem-solvers and -sufferers, a true
100% profit is eroded. If the sufferer does not pay or the solver
overcharges, one has not profits and capitalism but theft and decapitalism.
Provisional: An ideal currency can be created by a
problem-suffering people by using an accounting system that records
the problem-solving effort of the problem-solvers. A priori
legal sponsorship is not required nor usually beneficial, for
politicians have repeatedly introduced new currencies to replace
currencies that have suffered hyperinflation. Without changing the reasons
why the previous currency was debased--legal decapitalism--the new currency
will be debased. With modern telecommunications, an on-line accounting system
can be established to record and accumulate the lifehours invested by private
citizens to solve public problems from the local to the global level. Timism.com
has this accounting system.
Barter: An ideal currency provisionally created by the
problem-solvers as they organize and solve problems is nothing more than
an example of the widely common barter systems. Existing barter
systems range from simple, ad hoc promises between individuals to highly
organized systems with tens of thousands of members
transacting billions of dollars. Some originated in the 1930's. Why
not a global barter system for public problem-solving grounded in the
universal, absolute, and timeless basis of all recorded currencies,
the human lifehour? That is what Timism.com has created and is using to reward
and record the contributions of individuals and businesses that support and
use on-line democracy to solve human problems. Lifehours, a barter system
for better democracy and capitalism.
Legalized: An ideal currency does not have to be legalized
at the beginning of its life to be an ideal storehouse of human wealth.
With faith in the final benefit, good parents invest time and money
into raising a child. Likewise, people devote time to public and
charitable good deeds in order to make a better world. Similarly, growing
numbers of people can and will use the timistic barter system to record
their lifehours of problem-solving. With the faith they know that one
day a new group of elected public problem-solvers will not only legalize
the system as the basis of currency renaissance and capitalism per capita
but these public policy-makers will legalize the accumulated provisional
lifehours to be amortized over a
twenty-year period.
With an idea currency, we will live in a safer, saner world with fewer and
fewer problems. If you have been asked to help promote better democracy and
capitalism, your contributions will be recorded in lifehours and as surely
as the sun will rise tomorrow, so will the value of these symbols rise to
the real value of their substance, the lives of you and your loved ones.
If you have questions or comments about lifehours,
you can democratize them at On-Line
Forum as well as review others' input.
Index to lifehour writings
|
|