Each of the exchanges operates to reduce fraud, ensure wealth, and promote trust in transactions while securing the people’s wealth in their care.
Only a few short years ago, crypto-advocates dreamed of independent exchanges which people used for daily commercial transactions using a new form of digital case, mostly Bitcoin. What has been realized is less than ideal. There are hundreds of stories of fraudulent actors using exchanges and cryptocurrency to steal people’s fiat money. Criminals have gone so far as to fake their own death, engage in facial reconstruction and other comically insane acts to steal other people’s money. Tragically, cryptocurrency, as it exists today, has caused more injuries to those who engage in it than those who have profited or benefited from its current iteration. The biggest issue we face in the digital money universe today is “faith”.
Lack in faith in government and government currencies.
Today, major global currencies are fiat, lack any commodity backing, and are issued by governments that also have little or no credibility with those “they” govern. While most politicians believe that fiat currency is durable and unlikely to be susceptible to deterioration or loss of value over time,[1] in truth, value only remains in so long as; 1) “the people” have faith in the government, and 2) lack a better option than the fiat currency controlled by those politicians. Functionally, the lack of “faith” is equal to the lack of “trust” in relation to the ability to assure payment.
The value of fiat currencies is realistically less the function of their demand and supply than the “faith of those governed”. Consumer confidence is measured in how the “economy” is operating, as regulated by those in government”. Confidence falls when those in government are deflating the value of each fiat currency holder through their irrational political agendas[2] and those who hold the “fiat currency” worry about their ability to replace the lost value. In truth, “the people” want “a money” that holds their wealth “managed” by “persons” who don’t squander their wealth - even if they lack the ability to understand the economic theories tied to these acts.
We are at a place in time when the stage is set for the most cataclysmic fall in human history. Governments who fail to control spending in relation to their GDP no longer affect just their own nation, they affect our global society. Clearly, the evidence shows and public reaction indicates this global need for a “rationally” created, managed, and exchangeable asset-based “money”. To address this need, our process and group of partners create true “money” and these creations are highly desired. This rationally created “money” will then be used globally for instantaneous trade - frictionlessly as a “processed payment service”. A true “holder of the wealth of the people”.
Lack of faith in government due to irrational political conduct in “wealth destruction”.
The U.S. dollar was once considered valuable because “the world's biggest economy used it”[3] and it could be considered a “reasonably prosperous” economy used to facilitate global trade. However, due to irrational political conduct over a series of decades, this “faith in the dollar”[4] has eroded to a level the flow of payments in international trade is seeking a new “holder”. In 2021, and as we moved into 2022, we saw the direct and purposeful debasing of the U.S. dollar by the political class within the United States. This class often appears to be less focused on the “stability” of the economy than the establishment of a “utopian” dream built at “all costs,” which unfortunately is paid for by the people who hold the devaluating “fiat currency” we know as the “dollar”. We highlight this “irrational” political conduct outcome of these agendas by referencing Steven Rattner[5]’s commentary relating to the “American Rescue Plan.”[6] Mr. Rattner stated:
“The bill-almost completely unfunded – sought to counter the effects of the Covid pandemic by focusing on demand-side stimulus rather than on investment. That has contributed materially to today’s inflation levels.”[7]
We are at a place in time where the stage is set for this “holder of the people’s wealth” must be administered in a non-governmental manner.
Looking back to move forward.
Apparently, few people realize or remember in our near distant past “the American dollar” was created by the Savings and Loan banking and Banker’s trust guarantee systems. As near past as 1920, this “dollar” was created directly from assets, by corporate interests, from the assets and cash flow of industrial activity. It was not until the 1940’s war, that this asset-based dollar became inconvenient for those in government due to the limitations and restrictions placed on the “asset” based creation of “currency”. The need for assets in the process placed limitations on governmental spending and created inconvenient issues for those promoting any political ideology.
With this activity, “money” functionally began to be created from “thin air” instead of asset-based sources. For a resources-rich nation such as the United States, this was a “non-issue”. And for a time, the dollar was allegedly “backed” by assets, such as gold held in Fort Knox. However, the vast majority of these freshly printed “fiat dollars” were not “fully backed” by assets[8]. While the US treasury issued “certificates” beginning in 1878, this practice was eventually ended in 1964, when the final “silver certificate” was issued. With the demise of the silver certificate came the end of the exchangeable paper currency as a tangible “money” asset.
The “Currency” confusion and our steps to end the scam.
Many people who promote “a new form of money” attempt to promote “cryptocurrency” as a value equivalent to “money” when in fact, no currency created in fiat can ever truly be “money” as further explained in this document. Functionally, “fiat” currencies are created in “thin air” as an extension of credit theory. The creation of “currency” based upon a credit instrument intrinsically is a currency based on debt and therefore is always at risk of “default”. In review, “money” must have intrinsic value and be based upon an agreed value. This “value” cannot fluctuate erratically or the “money” created will lose the surety of its true value. Agreed and constant “value” is the basis and foundation of exchange. We call this “trust.”
Value and Trust, faith and surety by design.
While crypto-advocates decry the need for decentralization, their cries for decentralization in the conduct of exchanges only aided in and enabled massive fraud to occur. In truth, value needs to be created in a decentralized manner for the total pool of wealth to be more stable over time. This underlying value should not be tied to a single commodity, it should be tied to all forms of the surety of payment, as well as, the scope of use of the underlying guarantee. This coupled with a regulated and licensed agent conducting the creation process assures the ability to confer absolute trust in the surety of payment. All of these components naturally create faith in the system’s ability to make a payment “good” to the party receiving tangible, legitimate, and stable value in return for the product, good or service rendered.
Why 50 exchanges?
In truth, we only really need 35 exchanges. But when we take a look at the world geographically speaking, the people of the world are better served by 50 total exchanges. Each exchange operates in a pattern of geographic overlap in order to diversify its pool of potential AIDM creating opportunities. Jointly, we move companies that desire to create an AIDM for project funding or capital raise efforts to do so in a geographically feasible manner. For instance, there is no reason for a company based in London with operations that require funding in Africa to base its capital raise efforts or geographic location in London.
Our plan is to assist growth in areas where growth is created and by that process, we hope to create an equitable distribution of wealth and prosperity accordingly. As the world becomes more digitally oriented, processes related to payments, audits, banking, and other financial transactions are rarely conducted in the geographic area where the majority of decision-makers are. But, the treatment, as well as payment of monies, can be done in a geographically equitable manner. This process would then place systems for wealth creation in locations where these services have rarely been offered. The size of the project is not relevant to the impact of the area in which it is conducted. What is relevant is that it is conducted there.
Example of exchange operations.
For example, say a London mining company requires capital for a mine in Tanzania. An AIDM creation process can occur through the exchange with coverage of Tanzania. The AIDM token set is then offered universally across all fifty of the licensed and cooperatively operating exchanges. The AIDM tokens offered have the same insured and indemnified status as other AIDM offerings and pay an interest rate. This provides global offering coverage for the company and provides buyers with a larger pool of AIDM offerings to choose from. Now, as an extension of this Tanzania mine’s new capitalization, a local company obtains a contract from the London mining company. Let’s call this “Company L (company local)”.
So, Company L, obtains a contract for services and requires capital to operate until all of the services are rendered. Due to the geographic coverage of services, Company L is able to obtain the same services and issue its own AIDM based upon the previous company’s contract. This replicates the old Banker’s trust model we discussed but without the fractional reserve process of banking models. This new AIDM creation method distributes absolute value geographically while providing AIDM buyers a larger guaranteed pool of asset-backed and indemnified products to purchase as a hedge against the inflationary policies of government-created fiat currency.
Each of the exchanges operates to reduce fraud, ensure wealth, and promote trust in transactions while securing the people’s wealth in their care. As the exchanges are all licensed, continuously audited, and work jointly as an integrated cooperatively managed platform, fraud is greatly reduced. As the guarantees held are held by third-party audit companies and the monies transacted are held by third-party payment processing agents, there is little or no ability for an exchange to cease operations and “run with the money” as has happened in the past with the existing exchanges.
For more on this, stay tuned.
[1] Congressional Research Service. "Cryptocurrency: The Economics of Money and Selected Policy Issues Pages 3-4. Accessed May 13, 2020.(https://crsreports.congress.gov/product/pdf/R/R45427/1) [2] For reference to “irrational agendas,” we only need to look at the comments made by Biden appointee, Omarova who is currently undergoing the “confirmation process” for a key treasury department position. Omarova’s stated goal is to “move all demand accounts to the fed” and to “end banking as we know it.” Omarova’s commentary cannot be overlooked as “demand accounts”, as stated, represents all checking and savings accounts, both personal and commercial domiciled in the United States. This transfer of assets to the fed not only would represent an unprecedented seizure of public assets but also destroy the entire credit system used to propel the United States economy. Omarova may not get confirmed for the position, but the Biden White House has repeatedly promoted her as the administration’s “only” choice for the position. This “only choice” commentary should raise concern for any intelligent investor and business person. The value tokens created would be above the review or seizure by the treasury under Omarova’s control or via her proposed activities. [3] In order to maintain its existence as a “viable economy,” an economy must function in a capitalistic manner. The current trend of political conduct irrationally destroys the very “value” of the economic engine. The creation of wealth by work, innovation, product development, and opportunism drive economies. The introduction of socialism into a capitalist economy is a destructor of value-producing industries, which causes economic decay as seen in the Soviet Russia experiment. While in truth, a thriving economy can fund a governmental system that empowers its citizenry, an economy powered by the government has never achieved this dream. If the industry can control economic stability and directly secure the velocity of money within a society, then a rational revenue creation system for governmental spending may then exist. But not until these components are removed from the hands of political idealists. Throughout history, the only governmental economic driver that can be seen as a “positive” economic event has been “war” and that event only destroys the international trade required for sustained economic prosperity globally. Today’s intragovernmental global governance and economic management models are tragically flawed. [4] Meaning the value generated to the total value of – 1) rational judgment of the US federal government as a body, coupled with 2) the total value of the United States military power and 3) industrial capability granted to it by the nation’s vast commodity reserves, both raw material, and capable, educated and motivated craftsman base, which represented a raw cohesive power and economic value, as a “surety” of stability. [5] Steven Lawrence Rattner (born July 5, 1952) is a New York investment asset manager who served as lead economic adviser to President Obama in 2009. He is currently chairman and chief executive officer of Willett Advisors LLC, a private investment firm. [6] American Rescue Plan Act of 2021, signed into law by Pres. Biden https://www.congress.gov/bill/117th-congress/house-bill/1319/text [7] https://www.nytimes.com/2021/11/16/opinion/biden-inflation-spending-manchin.html [8] Which created a political theory of government that functionally has a limit to it, even though most politicians fail to recognize this fact. It also spun off the “tax and spend” theory of growth and economic influence.