tag:blogger.com,1999:blog-74580467726401830102024-03-05T19:24:51.277-08:00Promise LanguageA data structure that describes any transaction in any language.Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.comBlogger105125tag:blogger.com,1999:blog-7458046772640183010.post-48449325063965029262019-02-15T19:35:00.000-08:002019-08-27T03:48:05.507-07:00A permanent place to settle agreements<div class="separator" style="clear: both; text-align: center;">
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Sovereign land to all countries (maximum size is 1 mile x 2 miles, depending on size of the country). This provides enough room for a private runway. Gold can be stored by each country, although any form of value can settle agreements.<br />
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Covered settlement area provides privacy on the details, while ensuring all participants are safe.<br />
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EDIT:<br />
Somewhere in this general area:<br />
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We'll need 'international corridors' from Mexico and the Gulf. People can travel freely through those corridors without any documentation.<br />
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EDIT 2:<br />
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<br />Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-42466699991457284982018-12-30T06:19:00.001-08:002018-12-30T06:19:05.468-08:00President Trump: Replace the Dollar With Goldhttps://www.forbes.com/sites/ralphbenko/2017/02/25/president-trump-replace-the-dollar-with-gold-as-the-global-currency-to-make-america-great-again<br />
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<br />
Gold works for accounting. It maintains a static money supply. Fractional-reserve can provide expansion. <br />
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Gold works with the existing dollar. Federal Credit Receipts allow it to be tried in a city/region and roll it out over time.<br />
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The trick would be to revalue gold periodically (perhaps monthly) and all the products backed by it. One thought might be to issue dollars, with gold setting prices on producers. Producers can collectively decide on prices. As the economy grows, producers would lower prices once/month.<br />
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<br />Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com2tag:blogger.com,1999:blog-7458046772640183010.post-58470380513792487702017-07-06T13:40:00.002-07:002017-07-06T13:40:43.425-07:00FCR FinancingA Federal Credit Receipt (FCR) is a temporary placeholder for a Treasury obligation during its negotiation. All aspects of monetary, taxation, and debt repayment are negotiable.<br />
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In the simplest case, a bond-owner might trade their bonds for a revenue stream deriving from a City's water system.<br />
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The above provides infrastructure capital with very low cost of funds.Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com2tag:blogger.com,1999:blog-7458046772640183010.post-24691724537663860702017-03-15T13:38:00.000-07:002017-11-06T18:12:59.551-08:00Update to the data structureSomeone suggested to break the units and denomination into two 'events'. So, we would have:<br />
<br />
I Offer 100<br />
My Offer-units $<br />
My Terms 'plane ticket to BKK'<br />
His Terms 150<br />
My Offer 130<br />
He Agrees.<br />
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So, the data structure has 6 columns:<br />
EventID (GUID or similar)<br />
TransactionID (GUID or similar)<br />
EventType (text)<br />
CommerceID (user defined)<br />
Description (text)<br />
TimeStamp (date time)<br />
<br />Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com4tag:blogger.com,1999:blog-7458046772640183010.post-13723026297961485162017-01-16T08:56:00.003-08:002018-02-01T21:06:06.119-08:00Federal Reserve meeting 2017/1/16 10 AM Transcript.<a href="https://www.facebook.com/federalreserve/posts/1213283372082986?comment_id=1214206138657376">https://www.facebook.com/federalreserve/posts/1213283372082986?comment_id=1214206138657376</a>
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<a class=" UFICommentActorName" data-ft="{"tn":";"}" data-hovercard="/ajax/hovercard/hovercard.php?id=1427872960&extragetparams=%7B%22is_public%22%3Atrue%2C%22hc_location%22%3A%22ufi%22%7D" dir="ltr" href="https://www.facebook.com/keihatsu?rc=p" style="color: #365899; cursor: pointer; font-weight: bold; text-decoration: none;">Andrew Brown</a> <span data-ft="{"tn":"K"}">USD is an "asset-based currency":<br />Treasury bonds, notes, and bills are a debt from the perspective of the Treasury, Congress, and general population of the United States, however, they are an asset to those who own them. The obligation is a structural component of the trust and faith of the US Government and is a core basis of the US dollar's value. Currently, income taxes are collected to maintain those obligations.</span></div>
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<a class=" UFICommentActorName" data-ft="{"tn":";"}" data-hovercard="/ajax/hovercard/hovercard.php?id=1427872960&extragetparams=%7B%22is_public%22%3Atrue%2C%22hc_location%22%3A%22ufi%22%7D" dir="ltr" href="https://www.facebook.com/keihatsu?rc=p" style="color: #365899; cursor: pointer; font-weight: bold; text-decoration: none;">Andrew Brown</a> <span data-ft="{"tn":"K"}">USD is issued in when the Treasury creates new debt securities (bonds, notes, and bills). Since those are technically assets, USD is an asset-based currency. In 2008, rules were changed that allow the FED to issue USD in exchange for non-Treasury issued assets called Collateralized Debt Objections (CDO's). Both can be called "debt-assets", because they represent the future income-stream of interest and principal payments. Can USD be issued against other assets that are not time-based income streams (debts)? Yes.</span></div>
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Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-54768434414388611382016-10-04T09:14:00.004-07:002018-03-18T02:27:03.432-07:00Federal Credit Receipt (FCR)A plan to retire the national debt & turn it into a spendable asset<br />
<br />
<b>Summary</b><br />
The national debt is voluntarily (one bond-owner at a time) placed into custody at the US Treasury and a local committee is created to decide how to spend that money for the benefit of the economy.<br />
<br />
A “Federal Credit Receipt” (FCR) represents the Treasury bond obligation, after it is freed from all encumbrances and registered at the Treasury Department. A “Credit Review Commission” (CRC) is created by the State legislature to decide how that money is disbursed.<br />
<br />
This is a plan to distribute the monetary authority that has centralized in DC and NYC. It delegates monetary power to the States while retaining Federal oversight. Existing markets remain intact and an outlet is provided to retire the debt. The national debt can be negotiated and its income-stream swapped (debt-to-equity swap), reducing the tax liability while respecting the obligation.<br />
<br />
The national debt can be retired in an orderly and voluntary manner while distributing up to $1 trillion in spendable assets to each State. Federal government obligations and credit are maintained. As the $19 trillion becomes spendable by the States, the Federal budget and deficit can be reduced.<br />
<br />
<b>Goals</b><br />
•<span class="Apple-tab-span" style="white-space: pre;"> </span>Retire the national debt safely and voluntarily.<br />
•<span class="Apple-tab-span" style="white-space: pre;"> </span>Maintain the full faith and credit of the United States Government.<br />
•<span class="Apple-tab-span" style="white-space: pre;"> </span>Re-build the infrastructure and economy.<br />
•<span class="Apple-tab-span" style="white-space: pre;"> </span>Provide up to $1 Trillion in spendable assets to all 50 States.<br />
•<span class="Apple-tab-span" style="white-space: pre;"> </span>Support the military's need for financing and provide currency-defense.<br />
<br />
<b>Problems</b><br />
All money originates in Washington DC, forcing the States to ask for money from Congress. DC frequently places strings on that money without legal jurisdiction or authority. The primary fee source of NYC’s capital market is the daily rollover of the expiring debt. <br />
<br />
Unless State taxes have pooled pockets of money within the State, all new money is requested through either DC or NYC.<br />
<br />
The budget of the United States is financed through tax revenue and debt. The ratio is about 1/3 new debt and 2/3 tax revenue. The debt payments are interest-only with up to a 30 year balloon. The debt-owners are in a powerful position because they own the future revenue stream of the tax payers. <br />
<br />
Existing debt-owners are selling their T-bonds at their sole discretion and purchasing other assets denominated in USD. The military requires a stable source of financing, so Treasuries cannot be negotiated. Selling debt for USD is an uncontrolled source of inflation and is a threat to the currency.<br />
<br />
For example, China selling bonds for USD and purchasing assets is a risk that the United States should not be willing to accept. China can be allowed to swap bonds for other assets as determined by the State legislature.<br />
<br />
<b>Solution</b><br />
1. A “Federal Credit Receipt” (FCR) is created by the US Treasury to represent the obligation of the Treasury bonds, notes, and bills. The FCR is created when the debt obligation becomes unencumbered and separated from the markets. The FCR is effectively a Treasury bond with "clear title" and in the custody of the US Treasury. <br />
<br />
The FCR expires in 1 year. If the FCR has not been redeemed for another asset within that time, the US Treasury can re-issue a 30 year bond to satisfy the obligation.<br />
<br />
2. To process the FCR's creation, a new division at the US Treasury is created, called a “Credit Assurance Bureau” (CAB). The CAB processes each debt instrument, ensures it is not being used as collateral, removes the interest rate obligation, and verifies its ownership. The CAB maintains the records of the FCR, records its rightful owner, and holds the debt obligation in custody of the US Treasury.<br />
<br />
3. Redemption of the FCR is performed by a multi-jurisdictional Commission as delegated by the State legislature. An example might be a “Credit Review Commission” (CRC) created by the Texas state legislature as inclusive of representatives from the US Treasury, the Federal Reserve Dallas branch, Texas State Treasury, and County and/or City government agencies. The legislation should specify that all redemptions must be "for the benefit of the local economy". The CRC is comprised of many different people in different jurisdictions and they collectively decide how the income-stream is swapped on the obligation. Due to the public nature of the national debt, decisions must go through committee, rather than individual control by the owner of the debt.<br />
<br />
<b>Pilot program</b><br />
The Social Security Administration turns in some Bonds to the US Treasury for an FCR. Texas' CRC decides to redeem that FCR for ownership in a Texas Stock Market in San Antonio. SSA receives an income-producing asset, the debt obligation is retired, and Texas' economy is improved through more efficient capital distribution.<br />
<br />
This also prepares Texas as a potential financial center for processing $200 Trillion in world-wide debt instruments. A “Credit Receipt” would be a more generalized version of the FCR described above.<br />
<br />
<b>About me</b><br />
Andrew B. Brown has a degree in Accounting from UT Austin, 20+ years of IT and executive experience including VP of a software company, managed the IT department of a Medicaid healthcare plan in Arizona, and most recently worked at Morgan Stanley as a lead software architect. Mr. Brown has also managed ad valorem taxes for Bank One's REO department, originated mortgage loans for sale to Wall Street, and has 10+ years of professional trading experience while holding SEC Series 7, 63, 55 licenses.<br />
<br />
<br />
The above is a brief overview and I'd like the opportunity to explore the details of how this can work to fix the US economy and rebuild its infrastructure. As the legislation covers more than one jurisdiction, it could be summarized as the "Robin Hood legislation", as it places monetary decisions in the hands of the local population.<br />
<br />
Andrew B. Brown<br />
(512) 947-8282<br />
andrewbb@gmail.com<br />
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Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-28606877742190379112016-08-12T16:05:00.002-07:002016-08-12T16:06:17.984-07:00Lawyers disbarred<div class="separator" style="clear: both; text-align: center;">
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While the trend is up, the quantity does appear lower than what might otherwise be expected.Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com1tag:blogger.com,1999:blog-7458046772640183010.post-6316944990228345712016-07-10T09:49:00.000-07:002017-12-05T18:38:25.564-08:00Contract Scripting Language (CSL)<b>Scenario:</b><br />
<br />
Andrew has $20 Dollars and wants Lasagna.<br />
Christine has Lasagna and wants $25 Dollars.<br />
<br />
<br />
<b>Contract script:</b><br />
<br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Andrew Offer $20</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Andrew Terms Lasagna</span><br />
<br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Christine Terms $25</span><br />
<br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Andrew Accept</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Computer Notice "This is a legal binding contract."</span><br />
<span style="background-color: white;"><span style="font-family: "courier new" , "courier" , monospace;"><br /></span></span>
<span style="background-color: white;"><span style="font-family: "courier new" , "courier" , monospace;">Christine Deliver Lasagna</span></span><br />
<span style="background-color: white;"><span style="font-family: "courier new" , "courier" , monospace;">Andrew Deliver $25</span></span><br />
<span style="background-color: white;"><span style="font-family: "courier new" , "courier" , monospace;">Computer Notice "Contract complete."</span></span><br />
<span style="background-color: white;"><span style="font-family: "courier new" , "courier" , monospace;"><br /></span></span>
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<span style="background-color: white; color: #333333; font-family: "helvetica neue" , "helvetica" , "segoe ui" , "arial" , "freesans" , sans-serif , "apple color emoji" , "segoe ui emoji" , "segoe ui symbol"; font-size: 16px; line-height: 25.6px;">Computer is performing as the lawyer above. This introduces the idea of Computer as a legal entity. You could create a contract between a Computer and a Human with specific Terms, such as the Human must keep the computer running and the Computer must keep the ledger.</span><br />
<span style="background-color: white; color: #333333; font-family: "helvetica neue" , "helvetica" , "segoe ui" , "arial" , "freesans" , sans-serif , "apple color emoji" , "segoe ui emoji" , "segoe ui symbol"; font-size: 16px; line-height: 25.6px;"><br /></span>
<span style="background-color: white; color: #333333; font-family: "helvetica neue" , "helvetica" , "segoe ui" , "arial" , "freesans" , sans-serif , "apple color emoji" , "segoe ui emoji" , "segoe ui symbol"; font-size: 16px; line-height: 25.6px;"><br /></span>
<span style="background-color: white; color: #333333; font-family: "helvetica neue" , "helvetica" , "segoe ui" , "arial" , "freesans" , sans-serif , "apple color emoji" , "segoe ui emoji" , "segoe ui symbol"; font-size: large; line-height: 25.6px;"><b>Example of a 3-party equilateral contract</b></span><br />
<span style="background-color: white; color: #333333; font-family: "helvetica neue" , "helvetica" , "segoe ui" , "arial" , "freesans" , sans-serif , "apple color emoji" , "segoe ui emoji" , "segoe ui symbol"; font-size: large; line-height: 25.6px;"><b><br /></b></span>
<b>Scenario:</b><br />
<br />
Andrew has Dollars and wants Yen.<br />
Matthew has British Pounds and wants Dollars.<br />
Since we have non-matching value, we advertise on Bank of England's book and also market it on Forex.<br />
Bank of Japan sees the opportunity and translates the value.<br />
<br />
<b>Contract script:</b><br />
<br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">CommerceID EventType Description</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Andrew Offer 2,000 USD</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Andrew Terms 200,000 JPY</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Computer Notice "This is a legal offer from Andrew."</span><br />
<span style="background-color: white;"><span style="font-family: "courier new" , "courier" , monospace;"><br /></span><span style="font-family: "courier new" , "courier" , monospace;">Matthew Offer 1,500 GBP</span></span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Matthew Terms 2,000 USD</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Computer Notice "This is a legal offer from Matthew."</span><br />
<span style="background-color: white;"><span style="font-family: "courier new" , "courier" , monospace;"><br /></span><span style="font-family: "courier new" , "courier" , monospace;">Andrew Terms 210,000 JPY</span></span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Andrew Counter</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Computer Notice "Terms-value change from Andrew."</span><br />
<span style="background-color: white;"><span style="font-family: "courier new" , "courier" , monospace;"><br /></span><span style="font-family: "courier new" , "courier" , monospace;">Matthew Terms-Advertise Bank of England</span></span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Matthew Counter</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Computer Notice "Terms-Advertise change from Matthew."</span><br />
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<span style="background-color: white; font-family: "courier new" , "courier" , monospace;"><br /></span></div>
<span style="background-color: white;"><span style="font-family: "courier new" , "courier" , monospace;"></span><span style="font-family: "courier new" , "courier" , monospace;">Andrew Terms-Advertise Forex</span></span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Andrew Terms-Advertise Bank of England</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Andrew Counter</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Computer Notice "Terms-Advertise change from Andrew."</span><br />
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<span style="background-color: white; font-family: "courier new" , "courier" , monospace;"><br /></span><span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Matthew Accept</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Computer Notice "This is a 2-party legal offer."</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;"><br /></span></div>
<span style="background-color: white;"><span style="font-family: "courier new" , "courier" , monospace;"></span><span style="font-family: "courier new" , "courier" , monospace;">Bank of Japan Offer 210,000 JPY</span></span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Bank of Japan Terms 1,500 GBP</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Computer Notice "This is a 3-party equilateral contract between Andrew, Matthew, and Bank of Japan."</span><br />
<span style="background-color: white;"><span style="font-family: "courier new" , "courier" , monospace;"><br /></span><span style="font-family: "courier new" , "courier" , monospace;">Andrew Deliver 2,000 USD</span></span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Matthew Deliver 1,500 GBP</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Bank of Japan Deliver 210,000 JPY</span><br />
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<span style="background-color: white;"><span style="font-family: "courier new" , "courier" , monospace;">Andrew Complete</span></span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Matthew Complete</span><br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Bank of Japan Complete</span><br />
<span style="background-color: white; color: #333333; font-family: "helvetica neue" , "helvetica" , "segoe ui" , "arial" , "freesans" , sans-serif , "apple color emoji" , "segoe ui emoji" , "segoe ui symbol"; font-size: 16px; line-height: 25.6px;"></span><br />
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<br />
<span style="background-color: white; font-family: "courier new" , "courier" , monospace;">Computer Notice "Contract complete"</span><br />
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<span style="background-color: white; font-family: "courier new" , "courier" , monospace;"><br /></span></div>
<br />
<span style="background-color: white; color: #333333; font-family: "helvetica neue" , "helvetica" , "segoe ui" , "arial" , "freesans" , sans-serif , "apple color emoji" , "segoe ui emoji" , "segoe ui symbol"; font-size: 16px; line-height: 25.6px;">This is a 3-party contract and can be used to settle currencies or for barter.</span><br />
<span style="background-color: white; color: #333333; font-family: "helvetica neue" , "helvetica" , "segoe ui" , "arial" , "freesans" , sans-serif , "apple color emoji" , "segoe ui emoji" , "segoe ui symbol"; font-size: 16px; line-height: 25.6px;"><br /></span></div>
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Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-21217106118952299982016-06-24T15:56:00.000-07:002016-06-24T15:56:25.270-07:00Monetary historyTreasury Bonds were invented in the 1860's for the purpose of placing America into debt. The inventors of T-bonds were bankers in England who designed the system to force the "slaves to feed and house themselves, without them realizing they were slaves". (I can't find those letters on the internet any more; I read them ~10 years ago.)<br />
<br />
1907 Bank Panic<br />
1908 Titanic commissioned<br />
1912 Titanic sank (by-passing immigration)<br />
1913 Income Tax Amendment<br />
1913 Seventeenth Amendment - Popular Election of Senators<br />
1913 Federal Reserve Act<br />
1914 WW I<br />
<br />
A permanent segregation was built into the legislation: bond-payers and bond-owners.<br />
<br />
Debt is a means to an end. It keeps the population working while title to land and businesses is transferred among the bond-owners.Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-61127808202130965402016-06-20T09:41:00.003-07:002016-06-24T12:11:38.386-07:00The blockchain defined in plain languageThe blockchain is a list of Bitcoin transfers, synchronized on 6000+ computers. Each Bitcoin transfer consists of an amount, time it was transferred, who it was from and to, and a description.<br />
<br />
The blockchain is a half-ledger, because it doesn't show what was purchased.<br />
<br />
Since the description is only 40 characters, most companies store a reference # on the blockchain referring to data stored on their own computers.<br />
<br />Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com4tag:blogger.com,1999:blog-7458046772640183010.post-11661652289140849712016-06-15T17:55:00.005-07:002016-06-24T16:01:14.830-07:00How to retire the national debt<div style="background-color: white;">
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<span style="color: #222222; font-family: arial, sans-serif;"><span style="font-size: 12.8px;">1. Create a "Credit Assurance Bureau" at the US Treasury to take custody of the T-bonds (one bond at a time and at the owner's discretion).</span></span><br />
<span style="color: #222222; font-family: arial, sans-serif;"><span style="font-size: 12.8px;"><br /></span></span>
<span style="color: #222222; font-family: arial, sans-serif;"><span style="font-size: 12.8px;">2. As the US Treasury takes custody of the debt, a "Federal Credit Receipt" (FCR) is created to represent the obligation, verify ownership, and make sure it is free of all encumbrances (clear title).</span></span><br />
<span style="color: #222222; font-family: arial, sans-serif;"><span style="font-size: 12.8px;"><br /></span></span>
<span style="color: #222222; font-family: arial, sans-serif;"><span style="font-size: 12.8px;">3. Each State creates a "Credit Review Commission" to oversee the assets' distribution for the benefit of the local economy.</span></span><br />
<span style="color: #222222; font-family: arial, sans-serif;"><span style="font-size: 12.8px;"><br /></span></span>
<span style="color: #222222; font-family: arial, sans-serif;"><span style="font-size: 12.8px;">Example: Social Security Administration turns in a few of their T-bonds to the US Treasury and receives an FCR. That FCR is redeemed for shares in a Texas Agricultural/Commodities Market in Amarillo.</span></span><br />
<span style="color: #222222; font-family: arial, sans-serif;"><span style="font-size: 12.8px;"><br /></span></span>
<span style="color: #222222; font-family: arial, sans-serif;"><span style="font-size: 12.8px;">I have presented it to both Texas Senators' Regional Directors here in Austin (John Cornyn and Ted Cruz). They have forwarded the plan to DC. This will bring up to $1 trillion to each State. Texas could become the clearing house for the $200 trillion global debt market, as well.</span></span><br />
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Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-73043336078299285102016-05-21T17:42:00.002-07:002016-05-21T17:42:10.756-07:00Puerto Rico's debt crisis<span style="background-color: white; color: #1d2129; font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 19.32px;">If Puerto Rico had had a "Credit Receipt" option, then Templeton & Oppenheimer might have turned in their bonds to the US Treasury. Once the Treasury verified the bonds were free of all encumbrances and verified ownership, the asset would be registered. The obligation rests with the PR government, as expressed through the inhabitants' organization. The right is in custody of the Treasury and terms can be negotiated.</span>Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com1tag:blogger.com,1999:blog-7458046772640183010.post-59372859214499674642016-05-20T17:59:00.003-07:002016-06-01T06:09:37.782-07:00Turning the national debt into a spendable asset<div style="background-color: white; color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">
The Robin Hood legislation is designed to retire Treasury bonds and redeem them for other assets via a "Federal Credit Receipt" (FCR). The redemption goes through channels (State & local Commissions), rather than financial predators swapping assets for USD and creating inflation.</div>
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The legislation has 3 parts:</div>
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1. State legislation to create a "Credit Review Commission" as part of the State Treasury.</div>
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2. Federal legislation to define a "Federal Credit Receipt" and a division of the US Treasury.</div>
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3. Constitutional Amendment separating money creation from Federal authority.</div>
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The good:</div>
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- $19 trillion to spend on the economy and infrastructure</div>
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- Provide an outlet for retiring the national debt</div>
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- Maintains the bond and derivatives market</div>
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- Prevents inflation and allows Treasury and Federal Reserve oversight</div>
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- Protects against financial predators</div>
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- Maintains the value of the dollar</div>
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- Creates jobs around the country</div>
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- Supports the military's need for financing</div>
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The bad:</div>
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- facing the psychological denial of being in debt</div>
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The "Credit Receipt" applies to all debt instruments, so $200+ trillion. This would work to solve Puerto Rico's recent debt crisis. I am hoping Texas can catch up as it can become a clearing house for $200 trillion as we transition from debt-based currencies on planet earth. We are currently in a slow-motion Venezuelan Bolivar situation, and I am trying to warn and provide the solution.</div>
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Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-89394230912992878512016-05-18T16:13:00.002-07:002016-05-19T17:39:28.412-07:00The Robin Hood legislation<div style="background-color: white;">
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<span style="color: #222222; font-family: "arial" , sans-serif;"><span style="font-size: 12.8px;">The "Robin Hood laws" will provide $19 trillion for the economy and infrastructure of the United States.</span></span><br />
<span style="color: #222222; font-family: "arial" , sans-serif;"><span style="font-size: 12.8px;"><br /></span></span>
<span style="color: #222222; font-family: "arial" , sans-serif;"><span style="font-size: 12.8px;">1. United States Congress defines the "Federal Credit Receipt" and creates a new department within the US Treasury to retire the national debt while maintaining obligations.</span></span><br />
<span style="color: #222222; font-family: "arial" , sans-serif;"><span style="font-size: 12.8px;">2. Texas legislature creates a "Credit Review Commission" as part of the Texas Treasury to decide monetary disbursements locally.</span></span><br />
<span style="color: #222222; font-family: "arial" , sans-serif;"><span style="font-size: 12.8px;">3. A Constitutional Amendment to separate money creation from the Federal government.</span></span><br />
<span style="color: #222222; font-family: "arial" , sans-serif;"><span style="font-size: 12.8px;"><br /></span></span>
<span style="color: #222222; font-family: "arial" , sans-serif;"><span style="font-size: 12.8px;">The plan is to turn the US national debt into a spendable asset, using the "Federal Credit Receipt" (FCR) as the legal and monetary instrument to prevent financial predators from destroying the currency.</span></span><br />
<span style="color: #222222; font-family: "arial" , sans-serif;"><span style="font-size: 12.8px;"><br /></span></span>
<span style="color: #222222; font-family: "arial" , sans-serif;"><span style="font-size: 12.8px;">The same concept applies to any debt instrument, so I am suggesting a solid understanding be conveyed worldwide, so the world can gracefully transition from debt-based currencies without destroying the world's economies.</span></span></div>
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Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-71892941485344058992016-05-18T15:13:00.001-07:002016-05-18T15:14:44.332-07:00How to defend against monetary warfare<div style="background-color: white; color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">
<span style="font-size: 12.8px;">The defense plan is to turn the US national debt into a spendable asset, using the "Federal Credit Receipt" (FCR) as the legal and monetary instrument to prevent financial predators from destroying the currency.</span></div>
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<div style="background-color: white; color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">
This will provide $19 trillion for the economy and infrastructure of the United States.</div>
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<div style="background-color: white; color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">
The same concept applies to any debt instrument, so I am suggesting a solid understanding be conveyed worldwide, so the world can gracefully transition from debt-based currencies without destroying the world's economies. See Venezuela as the recent example.</div>
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In the US, three parts to the legislation:</div>
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1. The US Congress creates legislation for a new department within the US Treasury and define the "Federal Credit Receipt".</div>
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2. Texas creates legislation for a "Credit Review Commission" as part of the Texas Treasury to determine monetary disbursements locally.</div>
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3. A Constitutional Amendment to separate money creation from the Federal government.</div>
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Please contact me with questions, as the plan is ready to start today.</div>
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Thanks,</div>
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Andrew B. Brown</div>
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10723 River Plantation Drive</div>
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Austin, Texas 78747</div>
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<a href="tel:%28512%29%20947-8282" style="color: #1155cc;" target="_blank" value="+15129478282">(512) 947-8282</a></div>
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<a data-saferedirecturl="https://www.google.com/url?hl=en&q=http://linkedin.com/in/keihatsu&source=gmail&ust=1463685834518000&usg=AFQjCNEJb20yUQ0-MZt3febka_Ay7O3MAQ" href="http://linkedin.com/in/keihatsu" style="color: #1155cc;" target="_blank">http://linkedin.com/in/<wbr></wbr>keihatsu</a></div>
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Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-54441524121363955612016-05-12T17:10:00.004-07:002016-05-12T17:10:54.310-07:00Transitioning from Debt-Based Money<span style="background-color: white; color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">This is a plan to retire the US national debt in a safe manner, without causing alarm economically or financially.</span><br />
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Debt is a liability to some, but it is an asset to the purchaser of the debt. So, that asset can be traded for another income-producing asset. While that happens all the time, it has inflationary consequences and financial predators are gaining title to property and businesses, without concern of a currency collapse.</div>
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A new monetary instrument called a "Federal Credit Receipt" (FCR) can create the structure to retire the debt. The pilot program covers most of the jurisdictional and legal paths:</div>
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Social Security Administration (SSA) turns in some of their bonds to the Treasury, the Treasury issues them a Federal Credit Receipt. The FCR can then be redeemed through a committee with oversight and cross-jurisdictional decision-making. For example, a Texas Stock Market could be created and shares passed back to the SSA, redeeming the FCR, and retiring the debt.</div>
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It gives the central banks more control over inflation, while directing resources to the generalized benefit of the economy.</div>
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I could use some help. The US has $19 trillion in spendable assets.</div>
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Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-69720650332009080852016-05-10T16:07:00.000-07:002016-05-10T16:07:09.836-07:00Plan to retire the US' national debt and rebuild its economy & infrastructure.Essentially the US is in a foreclosure via its national debt. Total land value in the US is ~$20 trillion (not including improvements) and the national debt is about the same.<br />
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So, rather than doing a bond-swap for the entire landmass of the United States, perhaps we should take control over the bond market.<br />
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There are inflationary concerns when bond-owners sell bonds for USD and spend it.<br />
<br />
Therefore, I invented a "Federal Credit Receipt" which is a new monetary instrument to structure the value transfers.<br />
<br />
As a "pilot program", and to work through the details while legislation is written, I am suggesting this:<br />
<br />
Social Security Administration (SSA) turns in a few of the bonds in their portfolio for a Federal Credit Receipt (FCR). We create a Texas Stock Market in San Antonio and redeem the FCR for ownership in that income-producing asset. SSA then owns at least part of the Texas Stock Market and the debt is retired.<br />
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Please pass this around. I think Goldman Sachs is the appropriate company for this plan. I need some assistance in Austin, quickly.<br />
<br />
Sincerely,<br />
Andrew B. Brown<br />
10723 River Plantation Drive<br />
Austin, Texas 78747<br />
512/947-8282<br />
andrewbb@gmail.com<br />
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Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-23298866689439887302016-04-21T14:20:00.003-07:002016-07-29T17:07:05.083-07:00Federal Credit Receipt<span style="background-color: white; font-family: "georgia" , "times new roman" , "times" , serif; font-size: 16px; font-style: italic; line-height: 22px;">To get a handle on the total debt market, one must consider how to de-couple USD from debt AND allow retirement of the debt. To that end:</span><br />
<br style="background-color: white; box-sizing: border-box; font-family: Georgia, 'Times New Roman', Times, serif; font-size: 16px; font-style: italic; line-height: 22px;" />
<span style="background-color: white; font-family: "georgia" , "times new roman" , "times" , serif; font-size: 16px; font-style: italic; line-height: 22px;">If the Social Security Administration were to turn in a few of their bonds to the Treasury, the Treasury could issue them a "Federal Credit Receipt" (FCR). That FCR represents an obligation on the part of the Treasury/Federal Government and is an asset owned by SSA, in the custody of the Treasury.</span><br />
<br style="background-color: white; box-sizing: border-box; font-family: Georgia, 'Times New Roman', Times, serif; font-size: 16px; font-style: italic; line-height: 22px;" />
<span style="background-color: white; font-family: "georgia" , "times new roman" , "times" , serif; font-size: 16px; font-style: italic; line-height: 22px;">What that does, is allows the Treasury, Federal Reserve, and potentially Congress to set terms on the redemption of the FCR.</span><br />
<br style="background-color: white; box-sizing: border-box; font-family: Georgia, 'Times New Roman', Times, serif; font-size: 16px; font-style: italic; line-height: 22px;" />
<span style="background-color: white; font-family: "georgia" , "times new roman" , "times" , serif; font-size: 16px; font-style: italic; line-height: 22px;">For example, the Federal Reserve economists might determine that a Texas Stock Market is beneficial to Texas in distribution of capital and its economy. So, the FCR might be redeemed for ownership in a Texas Stock Market. The FCR would then be off the books of Federal obligations and SSA would hold beneficial ownership in an income-producing asset.</span><br />
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<span style="font-family: "georgia" , "times new roman" , "times" , serif;"><span style="background-color: white; line-height: 22px;"><i>This plan shores up Social Security, while allowing a way out of the debt, and provides resources to economic development and infrastructure throughout the United States.</i></span></span>Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-35755908138867099022016-04-08T09:49:00.005-07:002016-04-08T09:49:51.665-07:00Fixing money<span style="background-color: white; color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">Money can be fixed by simply keeping accurate track of a person's transactions. Reputation. It doesn't matter which currency: USD to seashells.</span><br />
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<span style="background-color: white; color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">It's that simple. The formal structure for that ledger is below.</span></div>
Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-85022030790799540292016-04-05T14:47:00.005-07:002016-04-06T11:56:43.704-07:00How to eliminate the "national debt"<span style="font-family: "uictfonttextstylebody"; font-size: 17px;">Retire each existing Treasury bond, in exchange for a new monetary instrument called a "Federal Credit Receipt" (FCR). </span><span style="font-family: "uictfonttextstylebody"; font-size: 17px;">The FCR is essentially an IOU that is non-interest bearing. </span><br />
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<span style="font-family: "uictfonttextstylebody"; font-size: 17px;">This allows economic control over the bonds and where the value is directed. Rather than China selling $2 trillion in bonds, receiving dollars, and then spending them, the Fed & Treasury can decide what can be purchased and define the terms.</span><br />
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<span style="font-family: "uictfonttextstylebody"; font-size: 17px;">Example: Social Security can turn in some of their Treasury bonds for a Federal Credit Receipt. The FCR can be used to purchase a Texas Stock Market, with Fed oversight.</span><br />
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<span style="font-family: "uictfonttextstylebody"; font-size: 17px;">This controls inflation and gets the US out of debt, while rebuilding the economy.</span>Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-22076587104415794972016-04-02T17:31:00.004-07:002016-04-02T17:31:53.050-07:00Money is accounting and the corruption is underestimated.What is needed is a common language to describe financial transactions. I solved this 8 years ago. It's a structured form of contract law.<br />
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Lawyers, IT, and finance can't screw it up. Nor can it be misrepresented by other languages or cultures.<br />
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Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com2tag:blogger.com,1999:blog-7458046772640183010.post-29551584229955512082016-01-11T18:52:00.001-08:002016-05-18T23:04:42.146-07:00IT people don't understand:Law/contracts<br />
Banking<br />
Finance<br />
Accounting<br />
Money<br />
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Therefore, they need a standard protocol and data structure.<br />
<br />Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-2635246752529596532016-01-04T20:19:00.000-08:002016-05-18T23:04:42.142-07:00Communicating transactions without ambiguityDifferent cultures and languages create mis-communications in monetary transactions, therefore a standard protocol is necessary.<br />
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Some of these mis-communications are perpetuated deliberately and is the cause of wars.Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-30748241321611314672016-01-03T13:17:00.001-08:002016-05-18T23:04:42.150-07:00Currency distribution in the United States<div style="background-color: white; color: #141823; font-family: helvetica, arial, sans-serif; font-size: 14px; line-height: 19.32px; margin-bottom: 6px;">
Who creates cash and destroys cash? Who controls the cash distribution network in the United States? Who can revoke bank charters and control distribution, terms, and fees all the way to the ATM?</div>
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The answer is Janet Yellen, Federal Reserve chairperson.</div>
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<span style="color: #141823; font-family: helvetica, arial, sans-serif;"><span style="font-size: 14px; line-height: 19.32px;">Examples:</span></span></div>
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<span style="font-size: 14px; line-height: 19.32px;">1. As Janet Yellen controls the bond purchases from the Treasury, she can dictate Congressional budgets (how it is spent/distributed).</span></div>
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<span style="font-size: 14px; line-height: 19.32px;">2. As Janet Yellen controls the debt structure and rollovers, she can revoke charters of Wall Street firms, and dictate fee and debt structure.</span></div>
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<span style="font-size: 14px; line-height: 19.32px;">3. If accounterfeited digital cash is found in a billionaire's bank account, it can be confiscated and destroyed.</span></div>
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<span style="color: #141823; font-family: helvetica, arial, sans-serif;"><span style="font-size: 14px; line-height: 19.32px;">That effectively makes her the "boss" of all Americans.</span></span></div>
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Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com0tag:blogger.com,1999:blog-7458046772640183010.post-63837233076943862182015-12-05T09:33:00.001-08:002016-05-18T23:04:42.180-07:00How to fix the world's monetary system?The USD's design ensures bond-OWNERS receive interest in perpetuity from a class of bond-PAYERS. While appearances are kept that bond-payers have a chance of becoming bond-owners, in reality that is nearly impossible. That structural defect was designed and deliberate and literally trains those in the financial industry to follow the basic model of: sell labor forward and extract a payment. What is that? Slavery. This is how Wall Street makes money.<br />
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Are you guilty or ignorant?</div>
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If you work in the financial industry, unless you actively do something to fix the system (as described below), you are now guilty of conspiracy to enslave the human race. Please pass this to your boss.</div>
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Andrew B Brownhttp://www.blogger.com/profile/08467528160282419998noreply@blogger.com1