The Positive Currency Act
What we are about to share with you is a long held secret. Many nations around the world, legally speaking, print and add to their own monetary liquidity determined by their sphere of fair valuation. This is what being a fiat capitalist economy, like America, is. The secret is that some countries, like the United Kingdom, Germany, and Japan, use a deeper and more robust rubric for the estimation of their National net worth. This strengthens their currency against all others and allows them to mint exactly what they need per year.
- Preface
Some who pick up this proposal may think it will be a dry and hard to read treatise because it has to do with economic evolution. However, this proposal is different. We will show you the ethical foundations for increasing liquidity (the pie) within the monetary base not only for America, but the whole world. Second, we will show you a procedure to raise America and the world out of recession (recession being defined as the shrinking of equitable financials). Finally, you will ask what will it take to make this process a success? There, we give you a step by step process to raise capitalism to the next evolutionary plateau through democratic governance in the form of a clean sample Bill.
In summary, knowing where the problems are and why, you, as a reader, will be delighted to find the best known solution for economic recession: positive currency*.
Positive currency is printing money based on a nation’s fair valuation.
*Digital Currency already exists in the form of ATM and debit card transactions. Positive currency is the evolution of capitalism and money trading, scientifically based on National net worth.
Where does money come from?
2. Economic Facts
The pool of money in America is $5.8 trillion dollarsª. If neatly distributed to 330 million people, this is $17,575 USD per person. However, factually speaking, the distribution of this wealth is highly uneven.
Nearly 75% of the total pool of money ($4.35 trillion) is controlled by less than 10% of the American population (33 million people)ª.
The remaining pool of money is $1.44 trillion, and it is shared by the remaining 90% (297 million people). This share is $4,848 USD per person.
This inequality speaks to problems in the American economy. Here are some other staggering FACTS:
- 28% of Americans have less than $1000 in their savings account.
- America is $35 Trillion in debt.
- American households are $17.7 Trillion in debt.
- 33% of Americans have $0 saved for retirement.
- From 1979 to 2020, net productivity rose 61.8%, while the hourly pay of workers grew far slower — increasing only 17.5% over four decades. Thus, Americans are working harder and producing more, but being paid less with less buying power.
The best solution is to usher a more up to date printing of money based on the valuation of America. In short, from intellectual property to real estate to infrastructure to human resources, amongst many other equities and measurements, our value, as a nation, will generate an annual minting known as Positive Currency, adding to the monetary base (MB) of America.
3. The World Economy?
The tried and tested way of producing money is valuing and estimating the amount to be minted backed by either a gold back (or silver backed) standard and a fiat standard. Over the long haul of what we have printed thus far, there is a high inequality of wealth with staggering symptoms of economic recession. Thus, signaling these ways may be incomplete.
A better legal and economic precedent would be to mint money based on the valued net worth of the country. This is called “national net worth”. Each country set to print money would have national & private actuaries who can measure the truest worth of the nation, as a whole.
An example of this could be seen in the United States. If America was valued by the total amount of worth from national debt, human resources, material resources, infrastructure, intellectual property, and so on, we would have a valuation which would provide us with a printable or mint-able amount known as the “economic growth percentage”.
- EXAMPLE OF BILL -
119TH CONGRESS
1st SESSION
IN THE SENATE OF THE UNITED STATES
— — — — — — — — — — — — — — — — — —
THE BILL
To update the printing of US money based on National Equities actualized by multiple industries which can estimate the total net worth of a nation.
SECTION 1. SHORT TITLE.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, this Act is cited as the “Positive Currency Act”.
SEC 2. GENERAL SUMMARY.
(a) IN GENERAL — Positive Currency is the printable money created through the estimated net worth of a nation. In summary, once the total net worth is determined, America will fairly and legally print money based on an economic growth percentage. For example, if the national net worth is $1 quadrillion dollars, and if 7% is the annual economic growth percentage, then America would print into existence $70 trillion dollars for that cycle. This will grow America annually by the determined amount of hard currency, increasing liquidity (the total pie), in the national marketplace.
SEC 3. PROCEDURE.
(b) STIPULATED PROCEDURE — (1) First, the truest worth of America will be assessed through many parameters of real equity by the actuary science industry. Actuaries will determine the total value of human resources, the infrastructure, the gross domestic product, the intellectual property, the wildlife and natural resources, the national tangible assets, the military property, the national debt, so on and so forth, until finally, each parameter is measured and added to create America’s “national net worth”.
(2) Second, the economic growth percentage must be set by how America is acting and reacting to multiple economic factors. These factors will be — but not limited to — recession, interest rate changes, housing market fluctuations, supply and demand, economic competition, industrialized challenges, import versus export, manufacturing, and prediction factors. The economic growth percentage (%) is the amount of national net worth, as fiat, to support and back the printing of capital.
(3) Third, the treasury of the United States of America, including the digital treasury, will print, move, and deliver the money — based on the economic growth percentage — to the existing industries which distribute the capital further to the expecting populations. These include, but are not limited to, the Federal Government of the United States of America, State Governments, Central Banks and trusted institutions.
SEC 4. KEY PERSONNEL & INSTITUTIONS.
(c) To guide this system known as “annual positive currency” to completion — the printing of capital and the distribution of this money will be led by leadership in the following manner:
(1) The Office of The White House, specifically the Vice President of the United States of America, will initiate the annual audit of the national net worth through the Central Banks in Quarter 3 and 4 of the preceding year.
(2) The Senate Majority leader and the Speaker of the House of Representatives will sign and approve the audit once completed, disbursing the findings to the public.
(3) The economic growth percentage (%) will be decided by the Committee on Finance with oversight and sign off from the Office of the White House, the President and the Vice President of the United States of America.
(4) The Treasury of the United States of America will then mint the amount set by the economic growth percentage, and distribute it to the delivering institutions within a reasonable, efficient, & timely manner. This printing can be done through legal paper tender & also digital currency to actualize the growth percentage.
(5) The Committee on Finance will then work with the Senate and the House of Representatives to create programming which will guide the annual positive currency to the areas which it is most needed.
SEC 5. AUDITING ANNUAL POSITIVE CURRENCY
(d) Audits of the annual positive currency will be supervised and generated by the Committee on Finance to ensure public confidence and trust in the process. The oversight of these audits, specifically the ability to request, will come directly from Congress or the Office of the White House, the President and the Vice President of the United States of America.
FAQ PAGE
Are Economists on board with the Act?
We are reaching out to new economists every day. The ones who are on board firmly believe the pie of wealth has not grown steady enough and is divided too small. Watch This Summary:
What about inflation?
Inflation is the devaluing of money. This Act does the opposite. It gives us a trustworthy rubric to grow the strength of the dollar (like the UK). Runaway inflation is also checked by many factors like supply & demand, market competition, and through regulations, like what we have on gas. Thus, inflation would not soar uncontrollably.
How does this Act fix the economy & recession? Won’t the rich just get richer, the poor — poorer?
No. The inequality of prosperity would not widen. With this Act, there are many ways to create long-standing jobs, catch up with technology, and raise the living standards of the whole nation. As you see in the Bill, trusted institutions, state, local, and federal governments, along with central banking will have the ability to channel the money to those sectors in need. The economy, just like many things, is at the will of the people.
Isn’t this what we already do?
We do a fraction of this actualizing through shrouded measurements to declare how much we will mint or print. Right now, this Act is one of the first to rectify our process updating it to the standards which strengthen our dollar.
How do you lobby a Bill like this?
We have lobbied in harder fights before and won. For example, with gun legislation after the mass shootings started happening. Currently, we are focused on the Senate and Congress first.
How can we get involved?
Add your name to the petition below. Share this article positively with your network. Tag us. Call your reps.
If you want us to present to your reps (Congress and Senate) or media, then please email us at:
production.nel@gmail.com
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