Bank of Nefer: An Introduction to Nefer Economics

http://www.amazon.com/Bank-Nefer-Introduction-Monocurrency-Economics/dp/1489593616/ref=sr_1_1?s=books&ie=UTF8&qid=1370465212&sr=1-1&keywords=bank+of+nefer

Bank of Nefer

 

An Introduction to Real Monocurrency and Nefer Economics

Authored by Michael J. Costa

Today every nation uses Paper Money, most of which are based on the American Dollar. Paper Money has the same intrinsic value everywhere, in terms of paper: one $100 Note has the same value as a thousand $100 Notes; but who wants a thousand copies of the same one? We are trading numbers, not money.

If we have one currency with a Value Scale, with a range of Minimum and Maximum Value, then all we need to do is to declare the value before the transaction to complete the trade.

List Price: $9.99

Publication Date:

May 27 2013   https://www.createspace.com/4302046

ISBN/EAN13:

1489593616 / 9781489593610

Page Count:

24

Binding Type:

US Trade Paper

Trim Size:

5" x 8"

Language:

English

Color:

Full Color

Related Categories:

Business & Economics / Money & Monetary Policy

 

 Excerpt:

Chapter 1: Real Monocurrency

          To simplify currency beyond having denominations of one kind or having to make change at every transaction is to create one currency replacing all others. At one time, gold and silver were the only currency being employed for all transactions; gold and silver had the same value everywhere in all nations, the only difference here was the weight or amount of metal content per coin.  A $20 USD Gold Coin has the gold content of $1000+ but the face value of $20 USD; to trade this one would lose monetary value.  Today every nation uses Paper Money, most of which are based on the American Dollar.  Paper Money has the same intrinsic value everywhere, in terms of paper: one $100 Note has the same value as a thousand $100 Notes; but who wants a thousand copies of the same one?  We are trading numbers, not money. 

          If we have one currency with a Value Scale, with a range of Minimum and Maximum Value, then all we need to do is to declare the value before the transaction to complete the trade.  A Value Scale has a minimum value of $1 USD and a suggested maximum value of say $100 Billion Dollars.  Most humans would think it is wise to claim the value at maximum, or $100B.  But this is impractical.  For one, the Monocurrency has No Face Value and the value must be declared before the transaction is complete; the declared value is decided upon by both parties.  If an object costs $100USD you declare the value of the Monocurrency to be $100USD; if it is $105.40, then you declare the value to be $105.40 exactly without having to make change.  You only use the one currency, or Monocurrency.  This also replaces the need for Bank Cheques (Checks) or credit cards.

          With Monocurrency you do not need to carry lower denominations like $1, $5, $10, $20, $100 or Coins.  You cannot exchange Monocurrency for US Dollars as it has no USD Value.  Once traded for a declared value by bearer, the receiver can change the value upon receiving it to a different declared value.  So if person A declares the value to be $100 and trades it, the receiver B can reuse the same Note and declare its value to be $50 or $1000 or $10,000 or whatever is desired.  The declared value is not recorded on the Note. 

          Monocurrency is useless if stolen or forged.  Anyone can declare its value to whatever is desired for purchase, as values are based on philosophical exchanges.  You can value your precious stamp collection to be worth more than the $100 Set price in USD currency, or set a value of your house higher than the set value of materials.  Values are not set in stone, and are dynamic.  

          With Monocurrency and USD you are using a 2-currency system.  One (USD) is a National Currency, the other (MC) is a Popular Currency.  The Popular Currency can be customized with artwork or have varied designs. 

 

 

           With Monocurrency there is no poverty in society, especially when it is earned by positive or civil actions.  There is no reward for evil, as crimes do not earn points.  

Bank of Nefer:

An Introduction to Real Monocurrency and Nefer Economics

© Copyright 2013 Michael J. Costa,  All rights reserved.

No part of this work may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the Author or Copyright owner.

This book was printed in the U.S.A.

 

M7 2013.

 Postscript: The Real Monocurrency mentioned here is a real economics project I am working on.  

MC 2013.