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News ::
How to Open a Local Treasury
25 May 2002
Money controls corporations, media, elections and every aspect of our lives. WHO and HOW money is issued is central to all political-economic affairs. So how do we create a money system that serves people and the ecosphere?
How to Open a Local Treasury

treasurynet.org/_wsn/page2.html

1. Design high-quality TEA certificates with local and universal design elements (see below for details).

2. Obtain a laser printer, printing press, or anything capable of printing high-quality water-resistant certificates. (Don't forget a good paper cutter.)

3. Obtain 24-lb tree-free paper (eg: cotton, kenaf, hemp, 100% post-consumer waste).

4. Obtain the population statistics of your county and your state from the census bureau (eg: www.fedstats.gov/qf ).

5. Locate and validate producers of renewable energy in your county and your state from local, state and national renewable-energy organizations (eg: www.ases.org ).

6. Print TEA dollars in appropriate quantity in denominations of $1, $2, $5, $10, $20, $50, $100 and/or $500.

7. Give $730 in monthly TEA dollars (citizens dividends) to any resident of your county age sixteen (16) or over.

8. Give $500 (and change) in TEA dollars (energy dividends) to any validated renewable-energy producer in your county every time their system has harvested at least 500 kWh. (You may choose to distribute smaller amounts more frequently, but that will require more administration.)

9. Maintain and promote a TEA website with a spreadsheet or database of all monthly and annual TEA dollars 1) available to participants, and 2) printed as paper certificates or issued electronically (include denominations and serial numbers) in your county and state. Include participating residents' names and addresses if you and they feel comfortable doing so at this time. (Maintain distributed backup copies for security.)


Design of TEA Certificates

All TEA dollars - paper or electronic - bear the following
information:

1. Time-energy value represented.
2. Serial number.
3. Month and year of issue.
4. Month and year of expiration.
5. County or municipality where issued.
6. State where issued.
7. Signature of the local treasurer.

TEA certificates must be of very high-quality design, comparable or superior to central bank notes such as old American or European currencies, but ultimately with superior security features.

In the center of the front of each TEA certificate must be an engraving of a historical man or woman from your region who was dedicated to emancipation. (A different man or woman must be selected for each certificate denomination.)

1. The first line of each certificates must have 1) the numerical value (eg: "20") at the top left and right corners, and 2) "TEA CERTIFICATE" in the center.

2. The second line must have 1) "THIS NOTE IS NEGOTIABLE CURRENCY" on the left, and 2) the certificate's ten-digit serial number on the right (in color). If the certificate is issued in the USA, it should have 3) "THE UNITED STATES OF AMERICA" in the upper center.

3. The third line must have 1) the website of your local treasury on the left, and 2) "TREASURYNET.ORG" on the right.

4. The fourth line must have "TIME + ENERGY = WEALTH" on the left.

5. The fifth line might have 1) "egroups.com/group/Time-Energy-Accounting" on the left, and must have 2) the name of your county on the right.

6. The sixth line must have the name of your state on the right (below the county).

7. The seventh line must have 1) "ONE DOLLAR = ONE LIVING HOUR" on the left, and 2) the date of issuance on the right (eg: "ISSUED: 1 APRIL 2002")

8. The eighth line must have 1) "ONE DOLLAR = ONE RENEWABLE kWh" on the left, and 2) the date of expiration (in color or bold) on the right (eg: "EXPIRES: 1 APRIL 2006")

9. The ninth line must have 1) "TREASURYNET.ORG" on the left, and 2) your local treasurer's signature on the right.

10. The tenth line must have must have 1) the certificate's ten-digit serial number on the left (in color), and 2) "Treasurer" on the right, below his or her signature.

11. The eleventh line must have 1) the numerical value (eg: "20") at the bottom left and right corners, and 2) the dollar value (eg: "TWENTY DOLLARS") spelled in the center.

Initially, anti-counterfeiting elements (eg: microprinting) will be solely the responsibility of local treasurers and/or treasuries. As the TEA network matures, more sophisticated universal anti-counterfeiting elements will be implemented. Remember, TEA certificates are redesigned every four (4) years.

Examine www.norfed.org for an operational example of a
silver-backed currency.


Initiating a TEA system is quite simple. Attempts by criminals (perhaps disguised as corporations, banks, lawyers or governments) to undermine the system could become tricky during the early years of operation, so please be vigilant.

From the system's conception, the only significant changes were to lower the age of participants from eighteen (18) to sixteen (16), and to reduce the expiration of TEA dollars from one (1) year from issuance to four (4) years from issuance.

It is most important to maintain the simple definitions that each TEA dollar represents one living hour ($1 = one hour) or one renewable kilowatt-hour ($1 = one kWh), and that nuclear power and other environmentally destructive energy sources are absolutely NOT included.

TEA dollars will ultimately be used as both paper and electronic currency, but the above instructions only describe how to begin printing and distributing TEA dollars in paper form (certificates).

Initially, we expect the TEA system to be rather chaotic before participants integrate their systems and official elections are held in 2004, 2008, 2012, etc.

TEA dollars may take a while to establish their legitimacy, however the distribution of TEA dollars will have a remarkable educational value for a currency system that's viable for the 21st Century.

egroups.com/group/Time-Energy-Accounting
See also:
egroups.com/group/jpchance
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