tag:blogger.com,1999:blog-32972305.post1688389896732800853..comments2024-03-20T18:35:40.565-07:00Comments on Hypertiger Wisdoms: United States NotesUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-32972305.post-11535042718065887532019-02-27T13:24:01.241-08:002019-02-27T13:24:01.241-08:00At times, sarcasm can result in misunderstanding. ...At times, sarcasm can result in misunderstanding. After multiple careful reads of the above (US Notes), I am unable to determine your position with regard to the implementation of sovereign money US Notes denominated in Dollars? I spent the better part of 10 years studying this matter as well, and have naturally reached many of the same conclusions as you. However, I have also concluded that the Dollar is indeed the "Coca-Cola" brand media-of-payment and the property of the United States sovereign. Therefore, my monetary reform proposals include, inter alia, that commercial banks (and the FED) be prevented from issuing dollar denominated liabilities and that the Dollar-brand be re-claimed by the United States. Banks would not be prevented from issuing their own commercial paper liabilities if they so chose, but they would be no different from any other debt instrument ie JPM credits or Citi-credits. Under my plan (the "Big Apple Plan") the Dollar would be a purely liquid asset (without an associated liability); each Dollar unit/token of which would be uniquely identifiable (think of the serial numbers on your Federal Reserve Notes - but expanded to include all Dollars); Legal tender laws would only make the Dollar legal tender for taxes, levies and fees of the government, but would NOT be forcibly accepted in settlement of debts unless agreed to in advance by both parties; Legal Tender for liquidation of debt could be agreed to use any media of exchange provided by mutually consenting parties etc... There's much more. A key element also entails the recognition of a separate Unit-of-Account used only for pricing and accounting -- which I've named Quanta. Quanta is a quantity of energy (one tenth of the reduced Planck energy constant - about the amount of energy represented by a ten-100 watt light bulbs burning for a little more than an hour, or a liter of diesel fuel, or 15 horses working for one hour).<br /><br />Key point, relating to your final paragraph: the actual implementation of the Big Apple Plan is well designed to coincide with the debt deflation "implosion" which you have so well described in your previous posts. More details of my solution are described here:<br /><br />https://twitter.com/wesfree/moments<br /><br />Question: were you being sarcastic, or do you think a debt-free US Note, born without interest, is a feasible solution?Weshttps://onename.com/wesfreenoreply@blogger.com