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News ::
The Banking Scam
17 Feb 2002
Modified: 18 Feb 2002
This is a link to the site, with the article on the left column. An excellent site with a wealth of information on the western establishment...
Please book mark the page and enjoy the effort this person made to bring these things into the light, in such a selfless manner.
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The Banking Un-Scam
18 Feb 2002
The function of the Time-Energy Accounting (TEA) system, 100% backed by human time and renewable energy, is to:

1. Administer a lawful citizensí currency.
2. Strengthen the liberties and responsibilities of individual
citizens and local communities.
3. Minimize the centralization of power.
4. Balance competition and cooperation in the marketplace.
5. Minimize public and private bureaucracy.
6. Maximize efficient and equitable utilization of natural resources.
7. Eliminate the need for personal income tax.
8. Minimize the need for any taxation.
9. Minimize corporate-government racketeering.
10. Stabilize the money supply and price level.
11. Restore full-reserve banking.
12. Remove the primary cause of economic inflation, deflation, recessions, depressions, warfare and waste of resources.
13. Enhance life, liberty and tranquility for all.

The Time-Energy Accounting (TEA) network issues:

1. Citizens dividends backed by human lifetime ($1 = one hour = $730 per month) plus

2. Energy dividends backed by harvested renewable energy ($1 = one kilowatt-hour).

Producers of renewable energy are free to sell their energy on a fair marketplace at competitive prices (ie: below $0.10/kWh) to consumers.

Each time-energy dollar is valid for one year from the month of issuance, then "self-redeems" or "extinguishes" itself like an expiring coupon.

The sooner participants circulate or invest each time-energy dollar, the more value the dollar has, since it represents time-energy value for only one year.

Savings are channeled to useful investments in renewable energy infrastructure rather than paper money, precious metals, oil, or other "barren" (non-renewable) commodities.

Renewable energy investments produce real dividends (not interest) in the universal metric of kilowatt-hours measured by ordinary energy meters.

Human lifetime is itself a natural dividend in the universal metric of hours measured by ordinary clocks (unless you endorse slavery).

Participants are issued citizens dividends once they are 16 or over so that parents will not be encouraged to over-populate for money.

Who can reasonably deny that our lifetime is our most valuable asset?

Who can reasonably deny that benign renewable energy is the foundation of a sustainable civilization? (Nuclear power and NEW large-scale hydropower are not benign, sustainable or cost-effective.)

Among other things, renewable energy can desalinate our oceans to produce abundant fresh water.

The issuing of time-energy dollars is performed by elected local treasurers and their staff. No electronic or mechanical vote tabulation is permitted.

Confederated / cooperative local treasuries co-audit each other on a randomly selected basis every three months.

Time + Energy = Wealth.

Simplicity is the ultimate sophistication.

Jon Chance * US Congress

Citizens Executive Administration

Time-Energy Accounting Currency System
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