FUTURE OF MONEY, CORPORATIONS AND THE MACHINES

A friend of mine called me on the morning of the World Trade Center bombing, while it was taking place and told me to turn on the television to see what was happening. I saw the first tower on fire. A few minutes later I watched a second airliner fly into the other tower and explode. I looked at my wife and said “They’re trying to save the Federal Reserve.” Of course she only had a blank stare in response. I explained that this is the beginning of some kind of war in order to perpetuate the Federal Reserve and the dollar. A short while later we heard Bush proclaim that it was a single terrorist who perpetrated this event and that the United States had to attack the country of Iraq because it had “weapons of mass destruction”. I didn’t know just how big the plot was, that is, that it would lead to a long series of wars in the middle east and I didn’t know that the event was also used to destroy evidence and steal gold, but I knew enough.

I had been warning people since the early nineties about the Walmart locations being used to house our military and capture the people into some kind of totalitarian system of slavery. My comments were the brunt of every joke, no one could conceive of such a thing that long ago, and yet today people are shocked to be watching it from many sources on the Internet. Remember, I was saying this before the Internet had browsers to make it more accessible to everyone. Now we have unconstitutional laws and illegal policies such as the Patriot Act, National Defense Authorization Act, the so-called “FISA” court, the Affordable Care Act, and illegal surveillance, immigration, the TSA and the list has been growing since the World Trade Center bombing event.

Everyone laughed when I explained that the war in Afghanistan was for the purpose of securing the poppy fields for the opium and to support our pharmaceutical industry while at the same time, importing illegal opium for the production of heroin. Since then, illegal drug use has increased by orders of magnitude, especially in the northwest. There has been an explosion in the use of opium for new pharmaceuticals.

The reason I explain these things, that I saw much of what was coming twenty years ago, is because I want people to listen this time and even though some of my ideas may seem outrageous, they could save many households, especially if communities will work together. I’m going to make a new prediction, it’s about the future of money, and then I’ll explain how we can save ourselves from what’s coming by how we use money and our ability to produce resources.

This article first introduces some concepts about the future of money and how it will finally be used to serve people instead of as a tool to enslave people. We’ll then explore some possible changes in the rules of court that will allow people to bring corporations back under control of people and to serve peoples’ interests first. And finally, we will discuss the future of robots, robotic systems and artificial intelligence in our society and how people can dramatically benefit from these innovations.

Future of Money (NWO failed)

The so-called “New World Order” plan sought by the so-called “elite” as referred to by some, includes forcing people into a cashless economy, for all the evil intentions you’ve probably heard. What these psychopaths did not expect is the Internet, cryptographic currency and the blockchain, and I’m not talking about the bankers’ version of these, I’m talking about truly open source, encrypted blockchain (distributed ledger) and Bitcoin applications. And if you believe that the Internet and Bitcoin can simply be made illegal, you lack enough information to understand why this is not likely (just like the World Bank’s failed attempt to levy taxes on the rain over Argentina). I’ll explain more later, but just know that a new, user-based Internet is being constructed around the world by its users so that there are no more Internet Service Providers that can be regulated. It’s called the “mesh net” or “IPV 6.0”. This will eliminate government from our Internet, while still allowing government to use the Internet just like everyone else.

But let’s talk money. People produce money with labor. Money is gold and silver and people dig it out of the ground. Governments and corporations only use money. Profit is the productive use of money for the benefit of people who own corporations.

Governments and corporations have been given too many privileges over the use of our money. They have severely abused these privileges and therefore, must be substantially limited in their use going forward.

When a government or corporation issues credit or a money equivalent such as a bond, it does not become money until people work for it. Again, only people produce money and they do it with labor. I know some of you may have arguments in response because you attended some college courses in economics or have traded stock in a stock exchange, but but I’m not trying to be technically correct or comprehensive. My purpose is to publish some ideas to hopefully inform people about how to adopt better practices and save their families.

Stolen Property in Trust

Our immediate concern is that there is much gold and silver being held by governments and corporations. We want our governments to have some gold, but the corporations (with few exceptions) do not need gold in order to serve the interests of people. In fact, I will argue that while corporations may hold gold and silver, none of them are the owners of gold and silver because this is the money of people and it has been acquired by the corporations largely through illegal means, at least over the last century. My argument is that, for the most part, corporations holding precious metals today, such as JPMorgan, are doing so for the purpose of manipulating markets and re-capitalizing themselves after having spent the last century stealing our wealth. The precious metals that have been stolen by these corporations are not rightfully theirs; and therefore, these thieves are merely the trustees of our gold and silver and must manage them in a way that serves people exclusively and not solely for the profits of the corporations or their investors and executives.

Abandon the Dollar

People need to realize that they do not need to hold and use fiat currency any longer because we have technology. We can use cryptographic currency along with precious metals and vault services so that we can have the best of both worlds, the use of precious metals, the security of Bitcoin and, when absolutely necessary, settlements in fiat currencies. This becomes a boycott on fiat and frees people to have privacy and the ability to accumulate wealth without this fiat system of gatekeepers that has been strangling humanity for hundreds if not thousands of years. Saving money using Bitcoin and precious metals actually makes good sense; whereas, the system of fiat we had before this technology made it a bad idea to save money like people did a hundred years ago. Now we can do that again and be rewarded for it and the longer we hold our money this way, the more buying power it will have.

There are Bitcoin wallet services that allow you to store your money in any precious metal, a wide range of foreign currencies, and a range of cryptographic currencies such as Bitcoin and Lite-coin. Some of these are completely anonymous and some are not. Some of these services allow you to store your money in Bitcoin or gold until the moment you buy something at the point of sale. You might have a Bitcoin in your wallet service and when you use this account to buy groceries for example, the purchase is converted into the correct amount of dollars at the moment you spend it. People are quickly discovering that for the first time in known history, they can eliminate the gatekeeper system that had kept us unfairly confined.

We can choose to avoid using the money equivalents of governments and corporations (i.e. bonds and credit). Beginning in 2009, people once again resumed their use of gold and silver, but with more sophistication using technology. People no longer need to hold metal coins for trading when they can now use Bitcoin for the settlement or transactions in gold and silver.

People will stop adding value to the fiat currency equivalents created by governments and corporations. People are quickly discovering that they can replace their use of fiat for cryptographic currency with far more security, and have the use of real money. Couple this with a few more changes to how we’ve been doing things and we’ll see spectacular benefits for people and entrepreneurs.

Bitcoin, and cryptographic currency in general, provides enough security so that we can use money in a more secure way that anyone has ever been able to do throughout history. This subject because quite complex so you’ll have to do your own research and discover the security measures of Bitcoin for yourself. But you will soon wonder why you ever thought a bank was a safe place to keep your money.

Fair Pricing and Lending

First, change the way, at least residential real estate is valued or priced. Stop pricing it based upon what people are currently selling property for in a particular market, such as the “fair market value” or the “comparable” methods that are being used now. The valuation of real estate should be based on today’s current costs of materials, labor and a premium added by the builder. The price of real estate is going to fall for many years to come, and this is the perfect opportunity to get away from using the banking system to finance residential homes.

People may even consider recording the title of a home during the next closing in a corporation and from that point on, sell only possession under an appropriate contract so that the title never changes. People, generally, will need to understand this and be amenable to the reasons for doing it instead of recording the title in the occupant’s name.

The second change I recommend is in consumer lending. An aspect of my second point is consumer lending, so I wanted to explain that I’m including insurance in this category. Replace standard homeowners insurance with steps that limit risk and damage, such as fireproofing, upgrading fixtures and installing your own security and surveillance using the Internet. We can also offset our home insurance needs by using assets to not only pay for our homes (at least in part) but meet the balance of its insurance needs and maintenance costs. Combine this with insurance that covers only specific risks that are too high for the homeowner to accept on his own, such as catastrophic events like wind, earthquake or flood damage, and you have a very affordable plan for risk management.

We can also form captive insurance organizations to serve these purposes and to take it to the next level, communities can work together to form their own private captive insurance organizations to provide homeowners with catastrophic coverage, as well as meet most of the needs of automobile insurance. We might still have a need to “outsource” some of this type of risk to larger companies, but I believe most of our car and home insurance needs can be met using these methods.

When it comes to actual consumer loans, such as those between corporations and people, they must be limited to hard money loans that do not exceed 7 years. The costs of financing should be excluded from the actual money lent. The usual limitations on interest rates should be enforced without exception, no more pay-day type loans with the outrageous interest rates we’ve been seeing in recent years.

We don’t need new laws in order to make these changes, we just need people to demand these types of loan contracts when they make consumer purchases. There are many legal form publishers online that allow anyone to create a loan contract with any terms and we can use these, without an attorney, to create our own loan terms using these criteria. It will require your own self-discipline and planning and you will need to avoid the temptation of going into long-term debts with high interest rates that have become the standard, at least in north America.

Interest rates may be factored into the principal and fees and costs charged for the services provided by the lender, outside of the loan instrument. In other words, if I want to borrow $5,000 for a car, I pay the lender a fee of $150 for the service of lending me the money, and for a $5,000 face value loan, I receive $4,400, for example. Lenders should also be precluded from selling the loan contract, or any part of it. There are more traditional ways to offset this type of risk. We’ve seen what happens when car dealerships for example sell loan contracts before you even drive the car off of the lot. The dealership becomes nothing more than a banking facility instead of a car dealership.

Considering these changes, people need to adopt new methods of obtaining financing with mechanisms involving “crowd funding” and “loan brokering” that are being done with software applications between people and businesses alike.

Distributed Ledger

I believe we will soon discover very many functions of government and corporations can be replaced by applications on the blockchain using its distributed ledger technology. This is nothing different than the trend to replace people with robots and robotic systems in factories, farming and industry.

Existing methods of data management (e.g. collection of taxes, interaction with people), especially of personal data, typically involve large legacy IT systems located within a single institution. To these are added an array of networking and messaging systems to communicate with the outside world, which adds cost and complexity. Highly centralized systems present a high cost single point of failure. They may be vulnerable to an attack via information control systems and the data is often out of sync, out of date or simply inaccurate.

Distributed ledger technologies (DLTs) allow users to modify records in a shared database, i.e. the ledger, without necessarily needing to use a central validation system that imposes its own standards and processes.

The blockchain can improve record keeping in the public sector. Factom has reportedly partnered with the Honduras government on a blockchain program to record land ownership. The program’s goal is to reduce fraud and corruption associated with a government-controlled centralized registry by substituting that system with a transparent, distributed ledger.

Other public sector uses include vehicle registries, digital identities for individuals, voting records and benefits disbursements.

In the energy sector, a South African company integrated bitcoin payments into smart utility meter reading to enable customers to prepay utility bills digitally. This system is especially helpful for “unbanked” customers, and it is easier to administer.

Horizontal blockchain applications apply to numerous industries. Such applications include automated audits, smart contracts and enhanced cyber security.

Smart contracts – agreements that can automatically activate actions based on specific conditions – could reduce administrative costs by “self-enforcing,” such as requiring a driver to be current on lease payments in order to start a leased car.

Blockchain technology can change the role of corporate audits by allowing a third party to verify a distributed network to ensure the transactions are accurate, complete and unalterable.

Cryptographic signing using blockchain can enable immediate detection of data manipulation and verifying IT system integrity, giving blockchain a role in cyber security. Guardtime, a company based in Estonia, has explored such a solution.

I believe this development can replace many of the labor intensive aspects of data management, removing the “middle man” so to speak and that we should embrace these changes. We should not fear replacing people with automated systems because this fear is based on the false premise that more people with more with jobs is better for the economy because of the “velocity of money” proposition. You will soon discover that this is false and used to keep everyone buying into the slave system we’ve experience over the last century.

Smart contracts and the blockchain are also beginning to replace the need for a court system and attorneys in most transactions.

Through a network of smart contracts built on the public Ethereum blockchain, the benefits offered by the New York Convention and other alternative dispute resolution services will be made more available.

Still in its development phase, Andreas Antonopoulos and his co-creator, Pamela Morgan, CEO of Third Key Solutions, intend for the DAMN (Decentralized Arbitration and Mediation Network) to provide users with layers of choices regarding whether a dispute will be resolved by a person, an algorithm, pools of random jurors, pools of experts, through collaboration of the parties involved or even another DAO specially set up for mediation.

Those who opt into the system will also be given a choice if the decision will be made public or not.

Because the legal infrastructure set in place by the New York Convention is enforceable across borders in nations that also include China, the UK, Russia, Iran and Israel, the idea is that smart contracts that are compliant might also be enforceable.

An attorney with a background in commercial arbitration has explained what she viewed as the true power behind the encoding of alternative dispute resolution services into the Ethereum blockchain. According to the non-profit democracy research organization Public Citizen, the cost of initiating arbitration is “almost always higher” than the cost of a dispute resolution within a court controlled lawsuit.

In two examples provided on its website, the fee for a $60,000 claim was $221 compared to an arbitration fee of $10,925, an increase of 4,943%. Further, an $80,000 claim would cost $221, compared to $11,625 at an arbitrator, or a 5,260% difference. This can all be avoided and people can have access to the enforcement of agreements without the costly and cumbersome legacy system of gatekeepers and the courts.

Replacing Pension Funds

Pension funds, at least private ones, have been stolen by the big banks. You will need to create a plan to replace the benefits you expected from your pension fund. The assets of these banks should be held in trust and returned to the pension funds, but corruption may preclude this for some years. In order to compensate, people will need to immediately adopt the use of Bitcoin and precious metals and either acquire one or more cash flow assets or create one or more using the many opportunities we now have.

Factored into this idea is the necessity for people to offset living costs using gardening for food, renewable energy production using their own homes and land instead of buying it from the energy grid, and producing clean water on their own properties. Imagine if everyone were growing vegetables, what would the price of vegetables be at your local grocery store? You probably would not have any being sold that way after most people adopted the practice of having their own gardens. In fact, people would probably freely exchange vegetables for free just to be neighborly.

People will need to buy what supplies they can in discounted bulk, preferably at wholesale prices, and avoid buying processed foods. Instead, buy fifty pound bags of flour, sugar and rice. Buy bars of soap in loaves or blocks and cut it yourself. Plan on food and supply storage in terms of 90 days to periods of one or several years. The same is true for cleaning supplies, fabric, clothing, first aid and medical supplies such as antiseptics. Antibiotics will still require a physician or special storage facility with special knowledge on how to administer them and when. There is nothing wrong with having rely on a physician for things like this, only once in a while. The same is true for emergency supplies of blood, but we don’t need to see a doctor for every little incident.

People can produce eighty percent of their own food by gardening, composting and canning. We can generate most of our own energy by first reducing our consumption of energy while still living very comfortably, but we don’t need to spend hundreds of dollars a month for our energy needs.

Additionally, we don’t need to give away the recyclable materials (glass, plastic, paper and metals) each week for free so that they can be used to make enormous profits for a few people that run the waste management systems. These materials are money, we pay services to take them away when we already have the technology to partially process these materials on a community level so that these resources directly benefit people and not a few corporate assets for the 1/10 of 1 percent.

People will need to work together and collect their own waste for the purpose of selling partially recycled materials including plastic (e.g. beads), glass (e.g cullet), metals and paper back into the manufacturing supply stream.

The “velocity of money” is propaganda and a lie. We have been “taught” for years by the media that a healthy economy is indicated by higher velocities of money, in other words, the more that consumers spend, the better the economy becomes. The truth is that more consumer spending simply allows the people at the top to make more money while the majority of people buy more liabilities so that the people in the top 1/10 of 1 percent enjoy increases in the value of their assets that facilitate this consumer spending. We don’t need a higher velocity of money to have a healthy economy. Economies are local, they serve people.

People do have a need to buy consumer products, such as electronics, entertainment, appliances, cars, furniture, food, medical care, etc.; however, we don’t need to buy these things at the volumes and levels promoted by the propaganda given everyday, and we certainly don’t need to do it using credit.

These seem like drastic measures, but are well within about abilities and without unreasonable costs. We can and will adopt these changes and this is why the so-called “new world order” has failed.

Corporations Under Control

Corporations do not and can never have the same rights as people as corporations are creates of statute and derive their existences from statutes. Corporations have no conscience and must therefore be regulated. People do not derive any rights from statutes and are the creators of statutes, not the subjects.

It has become clear now that corporations, not all of them, but a list of them, have been used to exploit people and monopolize the resources that are rightfully and naturally those of people and not corporations. These corporations have engineered a legal system that protects them against real claims to correct and recover from damages they cause. The people need access to a forum within our existing legal structure that allows them to reasonably force corporations to be operated in a way that not only serves shareholders, but the people who are directly impacted by what corporations do in our economy.

In each state, there is a supreme court that set the rules of how the courts can be used by anyone making a claim. These rules, known as the rules of civil procedure, set forth an adversarial forum in nearly every situation. I’m proposing that we need a forum, using our existing rules and statutes, that gives the court jurisdiction to solve consumer abuse situations where government agencies have failed and previous lawsuits have not given real solutions to the same problems.

Corporations must serve people and to the extent they actually injure people, they need to be changed or dissolved. We can have our supreme courts add a new set of pleading requirements for the protection of consumers that would allow people (consumers) to use the power of the court to fix this system which has grown to exploit people. We don’t need new regulations or a top down approach, that has shown to only keep new businesses out of the marketplace. Instead, we need to give the power of regulation back to the people using the system we already have in place.

We need a set of pleading requirements that creates a forum for judicial review that is not adversarial. It must have bonding requirements for the petitioner so that the chance of frivolous or destructive petitions is limited. An example pleading may require that a bond-fide list of adversely affected people be identified and that a substantial but reasonable bond be required before the court will hear the petition.

The court would function much like an involuntary receivership, where the judge or a panel of judges may appoint a special master or trustee to conduct an audit or other investigation of the corporation’s activities. The “subject corporation” would not be permitted to appear or defend itself as this would not be an adversarial proceeding, but more of a remedial proceeding to correct problems being caused by the corporation.

Today we have a problem with foreign corporations using the state courts to take property from people and many of these have not been domesticated and do not have adequate bonding. The states are thereby deprived of a substantial amount of revenue from this use of our court system. As aspect of the judicial review must include registration and bonding requirements that have not been met by businesses engaged in activities within the state. This must also include equal treatment for federal agencies, all of them.

Agencies like the IRS, EPA, DEA or DOE would not be permitted to operate without first meeting the domestication and bonding requirements of the state, thereby making these agencies subject to judicial review and correction within this forum. The same would be true of corporations operating as monopolies in a market that is depriving people of the benefits of fair market competition.

This judicial forum would be able to alleviate obstacles that are currently precluding companies from competing with those that currently have a monopoly stranglehold in a market.

Robots and Artificial Intelligence

Yes, it’s likely that robots, robotic systems and advance software, soon to become known as artificial intelligence, will replace people in many professions and occupations People are afraid of this because the perception is that there will be less jobs and a greater surplus of labor and downward pressure on wages and benefits. I would agree with this premise; however, it’s not something to fear once you realize that we’ve been incorrectly taught to believe that the economy needs people working at jobs to make everyone prosper.

The reality is that this propaganda has been published for the last century for the sole purpose of making the top 1/10 of 1% richer and the rest of us poorer. We must acknowledge that there are many more millionaires thanks to this system, but as we can see by current events, we are headed for a catastrophic, worldwide economic collapse. It’s doesn’t have to be so difficult, we just need to be reasonable and look at the truth.

I know this is a limited view from having lived in suburban north America my entire life, but most of what people buy in the economy can be provided on roughly ¼ acre of land. We can grow about 80% of our own food, provide more than 100% of our own water and sewage needs and more than 100% of our own energy needs, including fuel for the car. Additionally, we can put our children through school, including college and post-graduate, for a few hundred dollars a year in today’s money by simply re-organizing those resources using technology. I will explain more about this in a future article.

If this were currently the way we lived, what would be the individual’s need for money? Would it be about half of what is was, how about a fourth? I think it would be about a fourth. And I think that fourth could be further reduced by selling surpluses of food, water and energy. This is just the basic idea, the beginning. A quarter acre of land can nearly eliminate most people’s needs for money, because having your own food, water, shelter and energy, is money.

Let’s revisit this matter of robots taking our jobs. Maybe it’s a little less frightening after considering the foregoing possibilities? Now imagine instead of showing up for work each day, you built a robot or artificially intelligent software program or a combination of the two, to replace you at work. But because you built this technology, you simply lease it back to your company to fill your spot. So instead of earning so much money per hour, minus taxes, you earn income from a contract with the company which is using your technology. Okay, I know this is not practical. I couldn’t build my own robot or AI platform, but I know that if one existed, I could invest in the technology along with hundreds of other people.

In fact, we need to reconsider our entire participation in this economy. We need to look at the new technology that will replace people as a means to expand our investment opportunities. We need to own the robots, own the robotic systems and components, artificial intelligence (AI), intellectual property rights related to robots and AI, own the lease agreements, the contracts with companies that use these robots, service and maintenance agreements and insurance contracts and companies. We need to own every aspect of the industry where robots and IA replace people. But I haven’t forgotten about the most important element, energy.

Remember that I was just explaining that we can and should produce our own energy on our own private property? Well, there will easily be a surplus which should be sold back to the grid. In fact, we should sell so much power back to the grid that we will have little need for utility scale energy production. In fact, we will finally realize that the systemic risks are too great to continue producing energy this way, and that individuals should be producing energy. This is the same source of energy that the robotic and AI systems will be using, once we control the energy, we control everything, people will then recover the political power that was stolen from them in the last century.

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