Vertical System release
Safe Goods Publishing
561 Shunpike Rd.,
Sheffield MA 01257
www.safegoodspub.com
For Immediate Release Contact: Nina Anderson
Sept. 24, 2008 413-229-7935
safe@bcn.net
Long-term Fix for the Wall Street Bailout
The looming financial crisis is creating fear and instability in economic markets, but
also is causing us to look at the fragile model we have based our livelihoods on. Is the
bailout sound advice or just a ploy to line the pockets of those who got us in this mess?
Is there a better alternative?
To understand our disastrous financial situation better, it is necessary to review the
history of economic systems. Barter was the first system, where goods or work were
exchanged. This pretty well established market value. Currency came in to act as a
common denominator. It made trading much easier. At some point it became easier to
keep the gold or silver in a safe place, so banks were born. They would issue
certificates stating that they had the gold or silver or other items of value. Later, they
watered the value down by issuing more certificates than the value they had to back
them up. As things became more complicated the paper issued became the measure
of value. With the advent of the computer the rules changed again, and the source of
value is now based on debt. The current debt has grown so large that it threatens the
stability of the entire system. For adversaries of America, this is a great boon! They
don't have to do anything but sit and watch us implode. The system can only function
when there is motion. Fear has slowed that down. We no longer make money. Where
originally value was based on productivity, this is no longer the case. The incentive is
to take money from whoever has some. Increasing taxes will only make matters worse
further slowing the economy.
A new financial model is based on the fact that there is nothing in nature that we can
use without work being performed. The ultimate basis of value is work. This opens
avenues that have existed for a long time, but not well mined (example: the Ithaca Hour
program). Part of the problem has been the absence of adequate tools. Our current
technology is capable of providing the service needed to use the concept of work
value where that value can be converted directly into a liquid asset in a bank account
of choice belonging to the individual performing the service. Here the individual is in
control. However we need a support system and overseer. That should be the Federal
Government and in a new economic system that is under development (the Vertical
System), this would be self-funded.
As described in the book, The Vertical System, author Albert Benoist says, “This
financial model is built on the premise that work performed has value, and that value is
owned by the person or entity performing the service.” The identification of the
work/value is not new. Schedules of this information have been compiled by many
sources such as unions, professional groups, government agencies and even
individuals. There is no need to invent this as we already have it. If we continue to
issue more money to bail those institutions that have been failing we will increase our
debt, as we will not be making more money (equity). This will produce more pieces to
be divided into the GNP resulting in the shrinking value of each piece. This would be
followed by a shrinking job market further exacerbating this miserable condition.
Depending on how desperate people get, we may be confronted by ugly solutions such
as happened in post WWI Germany. The financial solution outlined by Benoist has
merit and could easily restore America to a debt-free status over time without taxing
the population to extremes. Traditional solutions have resulted in an unstable market,
cash poor United States and a population riddled with fear. It’s time the Presidential
candidates investigate a new approach.
-end-
561 Shunpike Rd.,
Sheffield MA 01257
www.safegoodspub.com
For Immediate Release Contact: Nina Anderson
Sept. 24, 2008 413-229-7935
safe@bcn.net
Long-term Fix for the Wall Street Bailout
The looming financial crisis is creating fear and instability in economic markets, but
also is causing us to look at the fragile model we have based our livelihoods on. Is the
bailout sound advice or just a ploy to line the pockets of those who got us in this mess?
Is there a better alternative?
To understand our disastrous financial situation better, it is necessary to review the
history of economic systems. Barter was the first system, where goods or work were
exchanged. This pretty well established market value. Currency came in to act as a
common denominator. It made trading much easier. At some point it became easier to
keep the gold or silver in a safe place, so banks were born. They would issue
certificates stating that they had the gold or silver or other items of value. Later, they
watered the value down by issuing more certificates than the value they had to back
them up. As things became more complicated the paper issued became the measure
of value. With the advent of the computer the rules changed again, and the source of
value is now based on debt. The current debt has grown so large that it threatens the
stability of the entire system. For adversaries of America, this is a great boon! They
don't have to do anything but sit and watch us implode. The system can only function
when there is motion. Fear has slowed that down. We no longer make money. Where
originally value was based on productivity, this is no longer the case. The incentive is
to take money from whoever has some. Increasing taxes will only make matters worse
further slowing the economy.
A new financial model is based on the fact that there is nothing in nature that we can
use without work being performed. The ultimate basis of value is work. This opens
avenues that have existed for a long time, but not well mined (example: the Ithaca Hour
program). Part of the problem has been the absence of adequate tools. Our current
technology is capable of providing the service needed to use the concept of work
value where that value can be converted directly into a liquid asset in a bank account
of choice belonging to the individual performing the service. Here the individual is in
control. However we need a support system and overseer. That should be the Federal
Government and in a new economic system that is under development (the Vertical
System), this would be self-funded.
As described in the book, The Vertical System, author Albert Benoist says, “This
financial model is built on the premise that work performed has value, and that value is
owned by the person or entity performing the service.” The identification of the
work/value is not new. Schedules of this information have been compiled by many
sources such as unions, professional groups, government agencies and even
individuals. There is no need to invent this as we already have it. If we continue to
issue more money to bail those institutions that have been failing we will increase our
debt, as we will not be making more money (equity). This will produce more pieces to
be divided into the GNP resulting in the shrinking value of each piece. This would be
followed by a shrinking job market further exacerbating this miserable condition.
Depending on how desperate people get, we may be confronted by ugly solutions such
as happened in post WWI Germany. The financial solution outlined by Benoist has
merit and could easily restore America to a debt-free status over time without taxing
the population to extremes. Traditional solutions have resulted in an unstable market,
cash poor United States and a population riddled with fear. It’s time the Presidential
candidates investigate a new approach.
-end-
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