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News ::
Federal Reserve Dollars, TEA Election Cycle & Other Questions (english)
22 Oct 2002
Perhaps the folks at the World Bank Group, the Federal
Reserve Corporation or MIT have already calculated new
shenanigans for cornering the market on OUR time and OUR
Sun...? If so, perhaps such "economists" need to be
reminded that slavery and theft is both un-economical
and unlawful.
windpowerrainbowcltoyw.jpg
Perhaps the folks at the World Bank Group, the Federal Reserve Corporation or MIT have already calculated new shenanigans for cornering the market on OUR time and OUR Sun...? If so, perhaps such "economists" need to be reminded that slavery and theft is both un-economical and unlawful.
Several questions were raised after "THE TREASURY
NETWORK" post was distributed last week (8/07/02):

http://egroups.com/group/Time-Energy-Accounting/message/187

It would probably be best if questions, suggestions
and related discussion be posted openly and directly
at

http://egroups.com/group/Time-Energy-Accounting

ELECTION CYCLE

Two interrelated administrative questions were:

1) Why hold elections every four years rather than
every two years?

and

2) How are treasurers or representatives removed
(recalled) prior to a scheduled election if they are
doing a bad job?

These are good questions, even though they do not
pertain to the kernel of the TEA operating system (ie:
$1 = one living hour or one kWh of renewable energy).

Administration of local treasuries is ultimately
determined by local resident citizens. So if a local
treasury becomes corrupted and/or inefficient, its
reputation or "credit rating" among other participants
will suffer the consequences.

In such a case, perhaps the market value of an
inefficient local treasury's TEA dollars will be
devalued (inflation) by participants. And if poor
performance continues for too long, participants might
simply refuse to accept such a local treasury's
currency.

Legal remedies might also be applied, which is one of
the responsibilities of elected provincial (statewide)
representatives.

But one of the primary goals of the treasury network
is to reduce the workload of lawyers, law enforcement
and other entropic (wasteful) activities (eg:
over-employment for the sake of growing "our" GNP -
Gross National Pollution).

Most likely, since it's in their own best interest,
local TEA treasuries will correct inefficiencies
and/or corruption prior to suffering devaluation of
their currency, which bring us back to the two
administrative questions posed.

Should elections be held every two years rather than
every four years?

If doing so makes local treasuries and the entire
treasury network more accountable, responsive,
efficient and responsible, YES. What do you think?

And - if need be - how are poorly performing local
treasurers and/or provincial representatives removed
prior to elections?

If elections are held every two years, this more
frequent cycle will likely allow enough time for such
treasurers or representatives to be voted out (or face
legal action) prior to excessive damage incurred.

If treasurers or representatives are removed prior to
an election, who will replace them? If a local
treasurer is removed, it's the responsibility of the
provincial representative to appoint a PROVISIONAL
(not to be confused with PROVINCIAL) local treasurer
to be responsible for such a local treasury until the
next election.

If a provincial (statewide) representative is removed,
it's the responsibility of the nationwide body of
elected provincial representatives to appoint a
provisional representative to coordinate local TEA
treasuries of such a province (state) until the next
election. What do you think?

FEDERAL RESERVE DOLLARS

Some interrelated questions were posed directly
related to the kernel of the TEA operating system.

1) How are Federal Reserve dollars and other
currencies converted to TEA dollars?

As a reminder, the TEA system neither pretends to be
perfect nor permanent. No currency system has ever
been either. The TEA system is simply a peaceful
means to provide equal rights and equal
responsibilities during the very critical transition
period in which we live.

So, how do those with savings in Federal Reserve
dollars, Euros, Yen, Swiss Franc, stocks, bonds,
options, futures, LETS, HOURS or any other currency
convert their paper to TEA dollars?

The answer is simple and points to the way for those
wishing to invest in genuine prosperity rather than
wasting more resources (time and energy) with casino
finance "capitalism" or its partner-in-crime, the
military-industrial complex.

To convert "conventional" savings to TEA dollars and
its corresponding time-energy value, anyone can simply
obtain renewable-energy (RE) capital (ie: from a
simple photovoltaic system to stocks or bonds in
RE-harnessing companies) and collect their share of
energy dividends from their local TEA treasury as
described in the distributed post, "THE TREASURY
NETWORK":

http://egroups.com/group/Time-Energy-Accounting/message/187

If speculators want to bet on the potential of a
particular technology or company, they may indulge in
leveraged options and futures at their own risk - as
usual.

Windpower and photovoltaics (PV) have been good
investments for quite a while. Research, development
and rapid commercialization in more efficient PV seems
likely to be the next genuine bonanza (not another
financial bubble).

After all, how much petroleum (and weapons) is
required to mass-produce glass PV made of sand?

Since there's plenty of sand, sun and seawater on
Earth, the most limiting factor is time - how quickly
individuals and society respond to the obvious task at
hand before political, economic, social and
environmental conditions grow worse.

There's no real energy (or water) crisis, just a
crisis of intelligent social behavior - caused mostly
by obsolete institutions.

Another currency-conversion question posed:

2) Is it possible for a renewable energy producer
(harvester) to hold energy savings beyond a month and
then redeem their kWh for freshly issued TEA dollars
at a later date (which have a higher value due to the
2% per month demurrage / counter-inflation rate). And
what would be such consequences to the stability of
the TEA system?

Since TEA dollars (like all expiring coupons and
demurrage currencies) devalue over time (100% over
four years or about 2% per month), there's little or
no incentive for energy producers to withhold their
energy rather than quickly selling/redeeming it for
TEA dollars, precious metals, inflationary Federal
Reserve dollars, Euros or other fiat-debt currencies.

Since the Sun provides a plentiful and predictable
flow of energy, physically hoarding it is irrational
and costly. Do so at your own risk!

Perhaps the folks at the World Bank Group, the Federal
Reserve Corporation or MIT have already calculated new
shenanigans for cornering the market on OUR time and OUR
Sun...? If so, perhaps such "economists" need to be
reminded that slavery and theft is both un-economical
and unlawful.

More questions have been raised (and answered)
repeatedly, which is why those who want to fully
understand the TEA system should stay tuned at

http://egroups.com/group/Time-Energy-Accounting

and download the simple spreadsheets, experiment with
the numbers (eg: population, land area, net PV
efficiency, other RE inputs) and ask questions.

Neither "left" nor "right", but real!

Jon Chance

jpchance (at) egroups.com

http://egroups.com/group/jpchance - United States President.

http://treasurynet.org - Time + Energy = Wealth.

http://bfi.org/operating_manual.htm - R. Buckminster Fuller.

http://whatreallyhappened.com - CENSORED.

http://www.awea.org - Prosperity, Not War & Pollution.
See also:
egroups.com/group/jpchance
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