is the official Currency
issued by a Government or National Bank. The most
common medium of exchange
as Legal Tender. Something that can
be used as an official medium of Payment or
is a way or an
storing or communicating
does not determine the
, or the
money only determines the
of something. If you want to
measure True Value
the Actual Cost of something, then you need to do some
and some research
order to fully understand the facts
as well as all the
cause and effects
of a particular
. If Debt
not an accurate measurement
, then almost everyone is living in a
world of make believe
Knowledge is the New Money
. But when
knowledge is not available to everyone, then having no money is the least
of your problems. Brains
and No Brains = No
Gains. And having fraudulent
gains with no brains is what you see now. Greed
- Corporate Corruption
Wall Street Corruption
aspect of society, but sadly 99% of the people in the world don't have the
necessary knowledge and information in order to fully understand how and
why money is created? Or who is responsible for the printing of money
who is responsible for the distribution of money? Why do you
? You say
"I have to pay my Bills
", which has nothing
to do with reality. How much did you take from earth? (resources, food,
water), and how much did you take from other people? (time, energy), how
did you cause? Now calculate all that you took to
you need to give back
order for the cycle of life to continue. Now that is your actual bill
if you don't pay that bill, people die,
like they are now
Money does not transfer
. It's not
just how you make your money, it's also how you spend your money.
Get a Job
Education needs to improve
because when there's not enough money, people die. And when there's too
much money, people die".
Films about Money
- Worker Coop's
Money is a technological
tool created by humans to make trading
easier. But people did not realize
all the responsibilities
that came with this tool. Every school in the
world, and every media outlet on the planet, needs to communicate the
knowledge and information that people need in order to use this money
effectively and efficiently as possible, so as to avoid manipulation
. Money is not the root of all evil,
it's the lack of
knowledge and information that is the root of all evil
. So if we do not
improve schools and our media outlets, this world will continue to suffer
and all the
that come from
people not knowing enough about themselves and the world around them.
will need to be upgraded
and improved. Housing Scams
- Everyone has the
power to make this tool we call money, because money is not restricted
any one form. Money is a symbol that people can agree on to what this tool
can be used for. Money should never be a replacement for the facts, or
disconnect people from knowing the actual cost of something. And just
possessing this tool should never excuse you from knowing the reality of
your actions. This is easier said then done, but needs to be the goal of
society, which is to free ourselves from the abuses
and to liberate ourselves so that we can reach our full
potential and live beautiful lives.
Money is a tool, and money should never control
and money should never
how you feel about yourself, or control how you treat other people. "Any
creation of man cannot be above man"
Money is great tool that we invented, but when
money is in the wrong hands
can become a weapon of control and abuse
Money has a strange power that can easily corrupt the
mind of any person
who is not knowledgeable enough to control moneys
addictive and manipulative influence on
. Money can make you do things that you will
Money creates a false sense of security and a false
sense of reality
. Money blinds a person from realizing other
choices and other options. When we use only money as a reason
for what we do, that means that we don't have enough knowledge
and information. Saying that you don't have enough money to do
something, is like saying that you don't have enough knowledge
and information. Having the money to do something does not say
that what you're doing is
, or right or wrong. It
only says that you have the money to do something, which means
nothing, and says nothing. If you can't explain your actions and
for your actions, using money as an excuse
is like blaming
your imaginary friend for getting you into
trouble. Money should never replace learning, or should money be
a reason. So can you
calculate the value of the action
that you are about to
take? Money gives you many options and choices, but money does
not tell you what the best choices are. Having the ability to
fantasize and dream, does not say that the fantasy or the dream
is realistic, or does it explain all the pros and cons of that
dream, it's only a dream, it's not a well thought out plan based
on reality. Stick with the facts, stick with what you know, and
keep learning. If you don't have a
wealth of knowledge
, then having money could easily kill you.
Timeline of America
Films about Money
Why is it that we feel the need to spend the money we earn like
a mindless consumers? It's like we are spending our hard earned
money just to feel good about ourselves
, without justification
and without accurately examining our choices or our options. We
like drug addicts
looking for a
fix. We are so disconnected from reality
that we act like bad
children, which is another great reason to improve
education. The money we earn is supposed to represent our
potential energy, money is not supposed to represent our total
disregard for life. But here we are.
There is nothing more destructive or insane then to use
money to control your decisions.
People are committing horrific
crimes in the name of money. And most of the people are totally
unaware of the destruction they are doing to themselves, or to
others, or to the planet. If we can't educate people enough to
use their minds, then people will always be
controlled by money
and people will never be aware of their choices, or the
possibilities. So the problem has never been money, it's always
been peoples lack of knowledge, and this lack of knowledge is
killing us and causing most of our problems. We have allowed
ourselves to be lobotomized by ineffective schools and
universities, where the only thing they do well is keeping
people unaware of their own insanity. The good news is that we
can fix this. But it will take more then just
It takes 2 cents to make a
is the difference between the value of money and the cost to produce and
Money History Facts and Knowledge
is any item or verifiable record that is generally
accepted as payment for goods and services and repayment of debts in a
particular country or socio-economic context, or is easily converted to
such a form. 97% of Money is Digital
. Electronic Money
History of Money
The use of barter-like methods may date back to at least 100,000
Representative Money predates the invention of coinage.
independently in Iron Age Anatolia and Archaic Greece, India and China
around the 7th and 6th centuries BCE. Coins spread rapidly in the 6th and
5th centuries BCE, throughout Greece and Persia, and further to the
was introduced in
Song Dynasty China during the 11th century. The development of the
banknote began in the seventh century, with local issues of paper
currency. Its roots were in merchant receipts of deposit during the Tang
Dynasty (618–907), as merchants and wholesalers desired to avoid the heavy
bulk of copper coinage in large commercial transactions.
is a medium of payment recognized by a legal system to be valid
for meeting a financial obligation. Paper currency and coins are common
forms of legal tender in many countries. "this note is legal tender for
all debts, public and private".
is a type of negotiable instrument known as a promissory note, made by a
bank, payable to the bearer on demand.
are the banknotes currently used in the United States of
America. Denominated in United States dollars, Federal Reserve Notes are
printed by the United States Bureau of Engraving and Printing on paper
made by Crane & Co. of Dalton, Massachusetts. (Deposit Note).
Bureau of Engraving and Printing
38 million notes a day
with a face value of approximately $541
million. That doesn't mean there is $541 million more money circulating
today than there was yesterday, though, because 95% of the notes
printed each year
are used to replace notes already in circulation.
the process by which the money supply of a country or a
monetary region is printed. ($36.8 trillion)
is the total amount of monetary assets available in an economy
at a specific time. ($90.4 trillion)
as a currency
is the total value of currency (coins and paper currency)
that has ever been issued minus the amount that has been removed from the
economy by the central bank. More broadly, money in circulation is the
total money supply of a country, which can be defined in various ways
always including currency and also including some types of bank deposits.
Approximately $1.4 trillion worth of Federal
Reserve notes in circulation
. Only 3% paper money in
Circulation, the rest is digital
Money in Circulation in 2017 is around 5 Trillion US Dollars
over 160 countries are not calculated
. The CIA
says the total amount is $80 Trillion if you include "broad
." which is a measure of the money supply that includes more
than just physical money such as currency and coins (also known as
). It generally includes demand
deposits at commercial banks, and any monies held in easily accessible
accounts. As for money owed by every single person and country in the
world, the grand total is $199 Trillion. Owed? Criminals stole trillions
of dollars and the people have to pay it back?
refers to money in any form
when in actual use or circulation as a medium of exchange, especially
circulating banknotes and coins. Currency is the metal or paper medium of
exchange that is presently used and in circulation.
refers to a currency that is transacted
internationally, with no set borders.
There are 180 current currencies across the world
, as recognized by
the United Nations. The British pound is the world’s oldest currency
that’s still in use, dating back to the 8th century. The newest currency
in the world is the South Sudanese pound, made official on July 18, 2011.
Officially, the euro
is the currency of 19
countries: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany,
Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the
Netherlands, Portugal, Slovakia, Slovenia, and Spain. The European
microstates of Andorra, Monaco, San Marino, and Vatican City have also
adopted the euro, as well as Kosovo and Montenegro as a de facto currency.
There is over 1,565 digital currencies and growing
. Bitcoin is
currently (April 10, 2018) the largest blockchain network, followed by
Ethereum, Ripple, Bitcoin Cash, Litecoin, and EOS.
Every year, more
money is printed for the game Monopoly than real money printed around the
world. There’s around $974 million printed in real money by the US Bureau
of Engraving and Printing, while the makers of Monopoly, Parker Brothers,
print an impressive $30 billion every year.
United States Mint
produces circulating coinage for the United States
to conduct its trade and commerce, as well as controlling the movement of
bullion. It does not produce paper money.
is money whose value comes from a commodity of which
it is made. Commodity money consists of objects that have value in
themselves as well as value in their use as money. Example of commodities
that have been used as mediums of exchange include gold, silver, copper,
salt, peppercorns, tea, large stones (such as Rai stones), decorated
belts, shells, alcohol, cigarettes, cannabis, candy, cocoa beans, cowries
and barley. These items were sometimes used in a metric of perceived value
in conjunction to one another, in various commodity valuation or price
is any type of money that has face value greater
than its value as material substance.
are the most liquid current assets found on a
business's balance sheet.
is a reduction in the value of a currency with respect to
those goods, services or other monetary units with which that currency can
History of U.S. Dollar
is a currency established as money by government
regulation or law.
Modern Money Mechanics
Fractional Reserve Banking
is the practice whereby a
accepts deposits, makes loans or investments, and holds reserves that are
equivalent to a fraction of its deposit liabilities. Fractional-reserve
banking permits the money supply to grow beyond the amount of the
underlying reserves of base money originally created by the central bank.
Money From Nothing
Quantity Theory of Money
states that the general price level of goods
and services is directly proportional to the amount of money in
circulation, or money supply. The theory was challenged by Keynesian
economics, but updated and reinvigorated by the monetarist school of
economics. While mainstream economists agree that the quantity theory
holds true in the long run, there is still disagreement about its
applicability in the short run. Critics of the theory argue that money
velocity is not stable and, in the short-run, prices are sticky, so the
direct relationship between money supply and price level does not hold.
Alternative theories include the real bills doctrine and the more recent
fiscal theory of the price level.
Real Bills Doctrine
asserts that money should be issued in exchange
for short-term real bills of adequate value. The doctrine was developed by
practical bankers over centuries of experience, as a means for banks to
stay solvent and profitable. Banks that follow it avoid inflation,
maturity mismatching, and speculative bubbles and unwanted reflux of
Fiscal Theory of the Price Level
is the idea that government fiscal
policy affects the price level: for the price level to be stable (to
control inflation), government finances must be sustainable: they must run
a balanced budget over the course of the business cycle, meaning they must
not run a structural deficit. It is an unorthodox theory, which contrasts
with the usual monetary theory of the price level, where the price level
is primarily or exclusively determined by supply of money. These two
contrasting views of prices may or may not contradict one another. By its
proponents, the fiscal theory is seen as complementary to the monetary
quantity theory. By its detractors, the fiscal theory is seen as
incorrect, and either irrelevant or simply wrong-headed.
is a privately owned bank
. (who are the owners?) -
is a monetary system in which the standard
economic unit of account is based on a fixed quantity of gold. Three types
can be distinguished: specie, bullion, and exchange.
1900 established gold as the only standard for
redeeming paper money, stopping bimetallism (which had allowed silver in
exchange for gold).
is the process of converting or establishing something into legal tender.
is a marketable item produced to satisfy wants or
. Often the item is fungible. Economic commodities comprise goods and
is the transformation of goods,
ideas and not least people into commodities or objects of
North American Monetary Union
(Danger Will Robinson, Danger)
is the set of institutions by which a government
provides money in a country's economy. Modern monetary systems usually
consist of mints, central banks
and commercial Banks.
describes any movement or theory that
proposes a system of supplying money and financing the economy that is
different from the current system.
also known as illegitimate debt, is a legal
theory that holds that the national debt incurred by a regime for purposes
that do not serve the best interests of the nation, should not be
Get Out of Debt Free
refers to something that is owed or due either physically or
metaphorically. In the physical sense, the parties to debt are lenders
(those who give) and borrowers (those who receive). In the metaphorical
sense, debt refers to a moral obligation not based on physical value
(e.g.: debt of gratitude). Taxes
says that the rich and powerful
lots of money and are
it. So the wealthy have the debt, but they
expect the citizens to pay it back so they can keep the money they stole.
is the debt owed by a government. By contrast, the
annual "Government Deficit
to the difference between government receipts and
in a single year.
Government debt can be categorized as
(owed to lenders
within the country) and
(owed to foreign lenders). Another
common division of government debt is by duration until repayment is due.
Short term debt is generally considered to be for one year or less, and
long term debt is for more than ten years. Medium term debt falls between
these two boundaries. A broader definition of government debt may consider
all government liabilities
, including future pension payments and payments
for goods and services which the government has contracted but not yet
paid. Governments create debt by issuing securities, government bonds and
bills. Less creditworthy countries sometimes borrow directly from a
supranational organization (e.g. the World Bank) or international
financial institutions. In a monetarily sovereign country (such as the
United States of America, the United Kingdom, Australia and most other
countries, in contrast with eurozone countries), government debt held in
the home currency are merely savings accounts held at her central
bank. In this way this "debt" has a very different meaning than that of
the debt acquired by households who are restricted by their income.
Monetarily sovereign governments issue their own currencies and do not
need this income to finance spending. In these self-financing nations,
government debt is effectively an account of all the money that has been
spent but not yet taxed back. Their ability to issue currency means they
can always service the interest repayments on these savings accounts. This
is why bonds and gilt-edged securities are considered the safest form of
investment. A central government with its own currency can pay for its
spending by creating money ex novo. In this instance, a government issues
securities not to raise funds, but instead to remove excess bank reserves
(caused by government spending that is higher than tax receipts) and
'...create a shortage of reserves in the market so that the system as a
whole must come to the [central] Bank for liquidity.'
Student Debt Scam
- Ponzi Scam
Public Service Loan Forgiveness
- Paid to Learn
- Public Good
The U.S. Debt was $21.9 Trillion as of December
. Each Taxpayer Owes About $400,000. Social Security Trust
Fund, aka your retirement money, owns most of the national debt. China,
one of the largest foreign owners. China owned $1.18 trillion of U.S. debt
and Japan owned $1.03 trillion. With China's 2014 GDP being US$ 10,356.508
billion, this makes the government debt of China approximately US$ 4.3
trillion. The foreign debt of China, by June 2015, stood at around US$
1.68 trillion, according to data from the country's State Administration
of Foreign Exchange as quoted by the State Council. That's more than
one-third of foreign holdings. The federal government's annual budget
deficit is set to widen significantly in the next few years, and is
expected to top $1 trillion in 2020 despite healthy economic growth,
according to new projections from the nonpartisan Congressional Budget
Office.20 Nations in the world with the most
Debt to GDP Ratios
United States – Total debt:
United Kingdom – Total debt: $7,499,400,000,000.
France – Total debt: $5,250,608,000,000. ...
Germany – Total
debt: $5,084,360,000,000. ...
Netherlands – Total debt:
$4,124,640,000,000. ..Countries with the
Highest Debt-to-GDP Ratio
is a legal term for that part of a
debt which is overdue after missing one or more required payments.
in child support is a term that
refers to past due child support owed to a custodial parent.
is the possession of assets
in excess of
and ability to pay
Credit Theory of Money
- How is passing on debt to someone
else considered a Profit
is when one party (the maker or issuer) promises in
writing to pay a determinate sum of money to the other (the payee), either
at a fixed or determinable future time or on demand of the payee, under
specific terms. If the promissory note is unconditional and readily
saleable, it is called a negotiable instrument.
is a private or
between a debtor and unsecured creditors, under which the creditors agree
to settle for a certain fraction of monies owed by the debtor. When it is
a voluntary agreement, it is properly called a scheme of arrangement and
is governed by the ordinary law of contract.
arrangement, is where an insolvency procedure allows a company with debt
problems or that is insolvent to reach a voluntary agreement with its
business creditors regarding repayment of all, or part of its corporate
debts over an agreed. Company Voluntary Arrangement
Individual Voluntary Arrangement
is a formal alternative for
individuals wishing to avoid bankruptcy.
is a legal status of a person or other entity who cannot
repay debts to
which is a party (e.g., person, organization, company, or government) that
has a claim on the services of a second party. It is a person or
institution to whom money is owed. In most jurisdictions, bankruptcy is
imposed by a court order
, often initiated
, which is an entity that owes a debt to another entity.
occurs when the value of an asset
used to secure a loan
is less than the outstanding
balance on the loan. In the
United States, assets (particularly real estate, whose loans are
) with negative equity are often referred to as being
", and loans and borrowers with negative equity are said to be
is a document guaranteeing the payment of a
specific amount of money, either on demand, or at a set time, with the
payer named on the document. Bills of Exchange.
Controlling and Manipulating
and debt does not have to be an actual
is the state of being unable to pay the money
owed, by a person or company, on time; those in a state of insolvency are
said to be insolvent. There are two forms: cash-flow insolvency and
use the courts to collect money. In 2014,
the industry filed roughly 20,000 lawsuits in Maryland and more
than 67,000 in New York, according to court records. Most of the
time people are not even aware they have been sued by a debt
collector, so people don't show up to court, and then judges
vote in favor of the
. Nice scam
refers to the reduction of the leverage ratio, or the percentage of debt
in the balance sheet of a single economic entity, such as a household or a
firm. It is the opposite of leveraging, which is the practice of borrowing
money to acquire assets and multiply gains and losses.
is a process that allows a private or
public company, or a sovereign entity facing cash flow problems and
financial distress to reduce and renegotiate its delinquent debts in order
to improve or restore liquidity so that it can continue its operations.
is a mathematical representation of a situation in
which each participant's gain (or loss
) of utility is exactly balanced by
the losses (or gains) of the utility of the other participant(s). If the
total gains of the participants are added up and the total losses are
subtracted, they will sum to zero. Thus cutting a cake, where taking a
larger piece reduces the amount of cake available for others, is a
zero-sum game if all participants value each unit of cake equally.
is a commodity which is judged that an individual or society
should have on the basis of some concept of need, rather than ability and
willingness to pay.
Fair Debt Collection Practices Act
is the process by which a company (mortgage bank,
servicing firm, etc.) collects interest, principal, and escrow payments
from a borrower. The vast majority of mortgages are backed by the
government or government-sponsored entities (GSEs) through purchase by
Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by
the Federal Housing Administration (FHA) or guaranteed by the Department
of Veterans Affairs (VA)). Because GSEs and private loan investors
typically do not service the mortgage loans that they purchase, the bank
who sells the mortgage will generally retain the right to service the
mortgage pursuant to a master servicing agreement. The payments collected
by the mortgage servicer are remitted to various parties; distributions
typically include paying taxes and insurance from escrowed funds,
remitting principal and interest payments to investors holding
mortgage-backed securities (or other types of instruments backed by pools
of mortgage loans), and remitting fees to mortgage guarantors, trustees,
and other third parties providing services. The level of service varies
depending on the type of loan and the terms negotiated between the
servicer and the investor seeking their services, and may also include
activities such as monitoring delinquencies, workouts/ restructurings and
executing foreclosures. In exchange for performing these activities, the
servicer generally receives contractually specified servicing fees and
other ancillary sources of income such as float and late charges. Mortgage
servicing became "far more profitable during the housing boom", and some
servicers targeted borrowers "less likely to make timely payments" in
order to collect more late fees.
Either Make Living Affordable or Pay People Enough to Live
is the minimum income
necessary for a worker to
meet their Basic Needs
including a little extra
money left over for necessities
and unexpected expenses. This is not necessarily the same as
refers to a situation where a person's livelihood depends on wages or a
salary, especially when the dependence is total and immediate. Biological
Cost of Living
is the amount of money needed to
level of living including basic expenses
such as housing, food, taxes and
health care. The cost of living is often used to compare how expensive it
is to live in one city versus another. It also includes how much
you produced and what
cost the environment
and cost future generations.
Living within your Means
is not just about you, it's
Cost of Living Index
is a theoretical price index that measures
relative cost of living over time or regions. It is an index that measures
differences in the price of goods and services, and allows for
substitutions with other items as prices vary.
Standard of Living
refers to the level of wealth, comfort, material
goods and necessities
available to a certain socioeconomic class in a
certain geographic area, usually a country. The standard of living
includes factors such as income, quality and availability of employment,
class disparity, poverty rate
, quality and affordability of housing
of work required to purchase necessities, gross domestic product,
inflation rate, amount of leisure time every year, affordable (or free)
access to quality healthcare, quality and availability of education,
, incidence of disease, cost of goods and services,
infrastructure, national economic growth, economic and political
stability, political and religious freedom, environmental quality, climate
and safety. The standard of living is closely related to
Quality of Life
refers to the means of securing the
-food, water, shelter and clothing- of life". Livelihood
is defined as a set of activities
, involving securing water, food, fodder,
medicine, shelter, clothing and the capacity to acquire above necessities
working either individually or as a group by using endowments (both human
and material) for meeting the requirements of the self and his/her
household on a sustainable basis with dignity. The activities are usually
carried out repeatedly. For instance, a fisherman's livelihood depends on
the availability and accessibility of fish.
Living Paycheck to Paycheck
percent of full-time workers said they live paycheck to paycheck, up from
75 percent last year in 2017.One Pay Check
away from being Homeless
. Approximately 63% of Americans in
2016 have no emergency savings for things such as a $1,000 emergency room
visit or a $500 car repair.
is when people are employed against their will by the
threat of destitution, detention, violence (including death), lawful
compulsion, or other extreme hardship to themselves or to members of their
families. Controlled by Debt
- Debt Bondage -
is an employee (indenturee) within a system of unfree labor who is bound
by a signed or forced contract (indenture) to work for a particular
employer for a fixed time. The contract often lets the employer sell the
labor of an indenturee to a third party. Indenturees usually enter into an
indenture for a specific payment or other benefit, or to meet a legal
obligation, such as debt bondage
. On completion of the
were given their
, and occasionally plots of
land. In many countries, systems of indentured labor have now been
outlawed, and are banned by the
Declaration of Human Rights
as a form of slavery.
White Slavery (historical)
Modern Day Slavery
Free the Slaves
Thirteenth Amendment to the United States Constitution
slavery and involuntary servitude, except as punishment for a crime. In
Congress, it was passed by the Senate on April 8, 1864, and by the House
on January 31, 1865. The amendment was ratified by the required number of
states on December 6, 1865. On December 18, 1865, Secretary of State
William H. Seward proclaimed its adoption. It was the first of the three
Reconstruction Amendments adopted following the American Civil War.
people who have jobs, but because of a criminal corrupt system, they are
not receiving enough income from those jobs to pay the bills that they
need to live. This is a contradiction
of realty that has been forced on them by ignorant corrupt criminals.
Disproportionately High Paying Jobs by State Map
Income vs. Output
is the transfer of an item
from one party (such as a person or company) to another
in exchange for
the provision of
or both, or to fulfill a legal
consumption and savings opportunity gained by an entity within a specified
timeframe, which is generally expressed in monetary terms. However, for
households and individuals, "income is the sum of all the wages, salaries,
, interests payments, rents, and other forms of earnings
received... in a given period of time." In the field of public economics,
the term may refer to the accumulation of both monetary and non-monetary
consumption ability, with the former (monetary) being used as a proxy for
total income. Taxes
is your income before
any deductions. Profits
generally implies the total revenue Minus
in a given period. In
accounting, revenue is often referred to as the "top line" due to its
position on the income statement at the very top. This is to be contrasted
with the "bottom line
" which denotes
net income (gross revenues minus total expenses).
Cause and Effect
is the profit
a company makes after
deducting the costs associated with making and selling its products, or
the costs associated with providing its services. Gross profit will appear
on a company's income statement, and can be calculated with this formula:
Gross profit = Revenue - Cost of Goods Sold. Gross profit is the
difference between revenue and the cost of making a product or providing a
service, before deducting overheads, payroll, taxation, and interest
payments. This is different from operating profit (earnings before
interest and taxes). Gross margin is the term normally used in the U.S.,
while gross profit is the more common usage in the UK and Australia. The
various deductions (and their corresponding metrics) leading from net
sales to net income are as follows:
Net sales = gross sales –
(customer discounts + returns + allowances).
Gross profit = net sales –
cost of goods sold.
Gross profit percentage = [(net sales – cost of
goods sold)/net sales] × 100%.
Operating profit = gross profit – total
Net income (or net profit) = operating profit –
taxes – interest
(Note: Cost of goods sold is calculated differently
for a merchandising business than for a manufacturer.)
the actual profit
included in the calculation of gross profit have been paid also referred
to as the bottom line, net income, or net earnings is a measure of the
profitability of a venture after accounting for all costs and taxes. It is
the actual profit, and includes the operating expenses that are excluded
from gross profit. Here is how you reach net profit on a P&L (Profit &
Sales revenue = price (of product) × quantity sold.
Gross profit = sales revenue − cost of sales and other direct costs.
Operating profit = gross profit − overheads and other indirect costs.
EBIT (earnings before interest and taxes) = operating profit +
Pretax profit (EBT, earnings before taxes) =
operating profit − one off items and redundancy payments, staff
restructuring − interest payable.
Net profit = Pre-tax profit − tax.
Retained earnings = Profit after tax − dividends.
Net sales = gross sales
– (customer discounts, returns, and allowances)
Gross profit = net
sales – cost of goods sold
Operating profit = gross profit – total
Net profit = operating profit – taxes – interest
Net profit = net sales – cost of goods sold – operating expense – taxes –
is money paid for work or a service. The pay or other
compensation provided in exchange for the services performed; not to be
confused with giving (away), or donating, or the act of providing to. A
number of complementary benefits, however, are increasingly popular
remuneration mechanisms. Remuneration is one component of reward
something, typically money, awarded to someone as a recompense for
loss, injury, or suffering
action or process of awarding someone money as a recompense for loss,
injury, or suffering. the money received by an employee from an employer
as a salary or wages.
refers to the act of providing a person with
money or other things of economic value in exchange for their goods,
labor, or to provide for the costs of injuries that they have incurred.
Kinds of financial compensation include: Damages, legal term for the
financial compensation recoverable by reason of another's breach of duty.
Nationalization compensation, compensation paid in the event of
nationalization of property. Payment. Remuneration. Deferred compensation.
Executive compensation. Royalties. Salary, Wage. Employee benefits.
Workers' compensation, to protect employees who have incurred work-related
is a form of
replacement and medical benefits to employees injured in the course of
employment in exchange for mandatory relinquishment of the employee's
right to sue their employer for the tort of negligence. The trade-off
between assured, limited coverage and lack of recourse outside the worker
compensation system is known as "the compensation bargain". One of the
problems that the compensation bargain solved is the problem of employers
becoming insolvent as a result of high damage awards. The system of
collective liability was created to prevent that, and thus to ensure
security of compensation to the workers. Individual immunity is the
necessary corollary to collective liability.
measures the average income earned per person
in a given area (city, region, country, etc.) in a specified year. It is
calculated by dividing the area's total income by its total population.
compensation (or remuneration, personnel expenses, labor) paid by an
employer to an employee in exchange for work done. Payment may be
as a fixed amount for each task completed (a task wage or piece
rate), or at an hourly or daily rate, or based on an easily measured
quantity of work
is the income
that a business has from its normal business activities, usually from the
sale of goods and services to customers. Revenue is also referred to as
sales or turnover. Some companies receive revenue from interest,
royalties, or other fees.
is the abundance of valuable
resources or valuable material possessions.
This includes the core meaning as held in the originating old English word
weal, which is from an Indo-European word stem. An individual, community,
region or country that possesses an abundance of such possessions or
resources to the benefit of the common good
is known as wealthy.
Redistribution of Wealth
Profit is a Lie
- PoliticsOccupy Movement
Sayings about Money
is a measured
quality that has known
that renders something
or valuable. To evaluate or estimate
the nature, quality,
, extent, or significance
something. The amount of money or
goods or services
that is considered to be a fair
“Nowadays people know the price of everything, and the value of nothing.” -
Money confuses peoples ability to correctly measure value.
to fully understand the difference between a
, one is
based on reality, the other is not.
What if there was no money, how would you measure value?
How would you measure the worth of freedom of speech or good
health? What if Money was No Object, what
would you do for a Living?
Measuring Value Questions:
What are the Benefits of the object?
Does it save time? Does it save Energy? Does it improve health and safety?
How difficult is it to make it yourself? What's the average quantity of
needed? Time, People, Resources, Environmental Impacts?
is the act of
ascertaining or fixing the value or worth of. An appraisal of the value of
appraising the value of
something. An expert
, quantity, and other characteristics of
someone or something. Ratings
is the nominal value or dollar value, especially when less
than the actual or intrinsic value.
is a measure
of the benefit provided by a good or service to an economic
agent. It is generally measured relative to units of currency, and the
interpretation is therefore "what is the maximum amount of
specific actor is willing and able to pay for the good or service"? Profit
is known in some countries as a goods and services tax
(GST), which is a type of tax that is assessed incrementally,
based on the increase in value
of a product
at each stage of production
or distribution. VAT essentially compensates for the shared services and
infrastructure provided in a certain locality by a state and funded by its
taxpayers that were used in the elaboration of that product or service. Goods
is something pleasing or valuable or
admirableness. A benefit. Fungible
Good in economics
is a good is a material that satisfies human needs
and provides utility
. A common distinction is made
between 'goods' that are tangible property, and
, which are non-physical.
owned by the business. Anything
or intangible that can be owned or
controlled to produce value
and that is
held by a company to produce positive economic value is an asset. Simply
stated, assets represent value
that can be converted into cash (although cash itself is also considered
an asset). The balance sheet of a firm records the monetary value of the
assets owned by that firm. It covers money and other valuables belonging
to an individual or to a business.
is a judgment
or wrongness of something or someone, or of
of something or someone, based on a
relativity. As a generalization, a value judgment can refer to a judgment
based upon a particular set of values or on a particular value system. A
related meaning of value judgment is an expedient evaluation based upon
limited information at hand, an evaluation undertaken because a decision
must be made on short notice.
Labor theory of Value
the economic value of a good or
service is determined by the total amount of socially necessary labor
required to produce it, rather than by the use or pleasure its owner gets
from it. At present this concept is usually associated with Marxian
economics, although it is also used in the theories of earlier liberal
economists such as Adam Smith and David Ricardo and later also in
rational and unbiased estimate of the potential market price of a
or asset. It takes into account such objective factors as:
Acquisition/production/distribution costs, replacement costs, or costs of
close substitutes. Actual utility at a given level of development of
social productive capability
. Supply vs.
Demand, and subjective factors such as
of and return on capital, individually perceived
set of activities that a firm operating in a specific industry
order to deliver a valuable product or service for the market. seeing a
manufacturing (or service) organization as a system, made up of subsystems
each with inputs, transformation processes and outputs. Inputs,
transformation processes, and outputs involve the acquisition and
consumption of resources - money, labour, materials, equipment, buildings,
land, administration and management. How value chain activities are
carried out determines costs and affects profits.
a business analysis perspective that describes social and technical
resources within and between businesses. The nodes in a value network
represent people (or roles). The nodes are connected by interactions that
represent tangible and intangible deliverables. These deliverables take
the form of knowledge or other intangibles and/or financial value. Value
networks exhibit interdependence. They account for the overall worth of
products and services. Companies have both internal and external value
network. Knowledge Management
Value in ethics
denotes the degree of importance of some thing or
action, with the aim of determining what actions are best to do or what
way is best to live (deontology), or to describe the significance of
different actions (axiology). It may be described as treating actions
themselves as abstract objects, putting value to them. It deals with right
conduct and good life, in the sense that a highly, or at least relatively
highly, valuable action may be regarded as ethically "good" (adjective
sense), and an action of low in value, or somewhat relatively low in
value, may be regarded as "bad". What makes an action valuable may in turn
depend on the ethic values of the objects it increases, decreases or
alters. An object with "ethic value" may be termed an "ethic or
philosophic good" (noun sense). Values can be defined as broad preferences
concerning appropriate courses of action or outcomes. As such, values
reflect a person's sense of right and wrong or what "ought" to be. "Equal
rights for all", "Excellence deserves admiration", and "People should be
treated with respect and dignity" are representative of values. Values
tend to influence attitudes and behavior. Types of values include
ethical/moral values, doctrinal/ideological (religious, political) values,
social values, and aesthetic values. It is debated whether some values
that are not clearly physiologically determined, such as altruism, are
intrinsic, and whether some, such as acquisitiveness, should be classified
as vices or virtues.
Intrinsic Value in ethics
is an ethical and philosophic
property. It is the ethical or philosophic value that an object has "in
itself" or "for its own sake", as an intrinsic property. An object with
value may be regarded as an end or (in Kantian terminology)
is the value of objects, both
and abstract objects
, not as ends-in-themselves, but as means of
achieving something else. It is often contrasted with items of intrinsic
value. It is studied in the field of value theory.
encompasses a range of approaches to understanding
how, why, and to what degree persons value things; whether the object or
subject of valuing is a person, idea, object, or anything else.
Value - Personal & Cultural
denotes the degree of
importance of some thing or action, with the aim of determining what
actions are best to do or what way is best to live (deontology), or to
describe the significance of different actions (axiology). It may be
described as treating actions themselves as abstract objects, putting
value to them. It deals with right conduct and good life, in the sense
that a highly, or at least relatively highly, valuable action may be
regarded as ethically "good" (adjective sense), and an action of low, or
at least relatively low, value may be regarded as "bad".
What makes an action valuable may in turn depend on the ethic values of
the objects it increases, decreases or alters. An object with "ethic
value" may be termed an "ethic or philosophic good" (noun sense).
Value Measuring Methodology
is a tool that helps financial
planners balance both tangible and intangible values when making
investment decisions, and monitor benefits.
is something that is almost
impossible to measure
in value or size or excellence.
Not having a common factor. Not able to be judged by the same standard as
something, or having no common standard
Incommensurable in mathematics are numbers in a ratio
that cannot be expressed as a ratio of integers.
Paradox of Value
is the apparent contradiction that,
although water is on the whole more useful, in terms of survival, than
diamonds, diamonds command a higher price in the market.
is a judgment of the rightness or wrongness
of something or someone, or of the usefulness of something or someone,
based on a comparison or other relativity. As a generalization, a value
judgment can refer to a judgment based upon a particular set of values or
on a particular value system. A related meaning of value judgment is an
expedient evaluation based upon limited information at hand, an evaluation
undertaken because a decision must be made on short notice.
Law of Value
refers to a regulative principle of the
economic exchange of the products of human work: the relative
exchange-values of those products in trade, usually expressed by
money-prices, are proportional to the average amounts of human labor-time
which are currently socially necessary to produce them.
refers to the social form (a socially attributed
status) of a commodity (any product traded in markets), which contrasts
with the tangible use-value or utility (its "useful form" or "natural
form") which it has, as a product which satisfies some human need. Marx
seeks to provide a brief morphology of the category of economic value as
such, with regard to its substance, the forms which this substance takes,
and how its magnitude is determined or expressed.
refers to one of four major attributes of a
commodity, i.e., an item or service produced for, and sold on the market.
The other three aspects are use value, economic value, and price.
is the price
at which an asset would trade in a
competitive auction setting. Market value is often used interchangeably
with open market value, fair value or fair market value, although these
terms have distinct definitions in different standards, and may differ in
depreciation refers to two aspects of the same concept: The decrease in
value of assets (fair value depreciation). The allocation of the cost of
assets to periods in which the assets are used (depreciation with the
matching principle). Depreciation is a method of reallocating the cost of
a tangible asset over its useful life span of it being in motion.
Businesses depreciate long-term assets for both accounting and tax
purposes. The former affects the balance sheet of a business or entity,
and the latter affects the net income that they report. Generally the cost
is allocated, as depreciation expense, among the periods in which the
asset is expected to be used. Methods of computing depreciation, and the
periods over which assets are depreciated, may vary between asset types
within the same business and may vary for tax purposes. These may be
specified by law or accounting standards, which may vary by country.
There are several standard methods of computing depreciation expense,
including fixed percentage, straight line, and declining balance methods.
Depreciation expense generally begins when the asset is placed in service.
For example, a depreciation expense of 100 per year for five years may be
recognized for an asset costing 500. Depreciation has been defined as the
diminution in the utility or value of an asset. Depreciation is a non cash
expense. It does not result in any cash outflow. Causes of depreciation are natural wear and tear.
We're Not Worthy
is having worth or
or value and being
or admirable and having
in some way.
is the quality that renders something desirable or
useful. An indefinite quantity of something having a specified
Explaining Measures of Worth
are the combined benefits of consuming a good
and its low impacts
something valuable or useful
that can be easily exchangeable, replaceable
or traded for something of equal value
is the property of a good or a commodity whose individual
units are capable of mutual substitution
. That is, it is the property of
essences or goods which are "capable of being substituted in place of one
marketable item produced to satisfy wants or needs. Often the item is
. Economic commodities comprise goods and
is capable of being changed so as to match or fit.
relating to an ideal standard or model, or being based on what is
considered to be the normal or
correct way of doing something
is being very careful and precise. Marked by precise accordance with
details. Marked by extreme care in treatment of details. Showing great
attention to detail.
are the facts, figures
and parts of a bigger element or process, used to accurately describe
something as a whole. A small part that can be
considered separately from the whole. True confidential
is being exact or accurate. Characterized by perfect
conformity to fact or truth
; Strictly correct.Researched
is something that was
. The quality of being near to the true value. Conforming exactly
or almost exactly to fact or to a
or performing with
is something that is free from error; especially conforming to fact or
accord with accepted standards of usage or procedure. Correct in
opinion or judgment
is something that is free from error
; especially conforming to fact or truth.
Anything in accord with principles
of justice. In conformance
or law or
Measure How Much:
Time? People? Resources? Money?
Positives? Negatives? Options? Choices?
is having a high degree or grade of
or worth. Of
grade. A characteristic property that defines the apparent
individual nature of something. An essential and distinguishing attribute
of something or someone. Quality is the standard of something as measured
against other things of a similar kind. Quality Control
is a product that is long lasting, durable, reliable, easy to maintain,
easy to use, very effective in its purpose, is superior to other similar
products, free of
, and conforms to the specifications, requirements and
expectations of the user. Quality is sometimes perceptual, conditional,
and somewhat subjective and can be understood differently by different
people. False Advertising
is used to determine whether a product or system
or just a medium complies with the requirements of a specification,
contract or regulation. Scientific Testing
is the quality of being of practical use. A measure of preferences
set of goods and services
. A good
is something that satisfies human wants
is being of use or service
. Having a
useful function or action and activity that is required or expected of a
person or group. An Improvement
is to put into service or action. To do
something with. Misused
is something of great significance or
. Important in
. Vital to the
having an effect
upon on or a connection with the subject at issue.
is something of special importance,
value, prominence or significance. Emphatic
spoken with emphasis
is something that is absolutely essential. Anything indispensable. Unavoidably determined by
is something that is urgently
necessary. Performing an essential function in the living body.
is something that is necessary; Vitally or absolutely
necessary. Basic and fundamental. Of the greatest importance.
Essential in biology
is something that the organism cannot continue to
be alive or reproduce without. Requisite
is something necessary for relief or supply. Anything indispensable.
is a source or supply
which a benefit
produced. Resources can broadly be classified upon their
classified into renewable and non-renewable resources
They can also be classified as actual and potential on the basis of level
of development and use, on the basis of origin they can be classified as
and on the basis of their distribution, as ubiquitous and localized
(private resources, community-owned resources, natural resources,
international resources). An item becomes a resource with time and
developing technology. Typically, resources are materials,
, services, staff,
, or other assets that are
transformed to produce benefit and in the process may be consumed or made
unavailable. Benefits of resource utilization may include increased
wealth, proper functioning of a
, or enhanced well-being. From a human perspective a
obtained from the environment
satisfy human needs
and wants. From a broader
biological or ecological perspective a resource satisfies the needs of a
is capable of being done with means at hand and circumstances as they
are. Usable for a specific purpose.
is concerned with actual use or practice.
Guided by practical experience
and observation rather than theory. Being actually such in almost every
respect. Having or put to a practical purpose or use.
is an outstanding significance.
is to give something useful or
to someone. Give what is needed,
especially support, food or sustenance
To offer a
or provide an opportunity for someone and permit some need
to be attainable or cause to remain.
is something that is necessary for relief or
supply. Require as useful,
just, or proper. Consider obligatory; request and expect. Something that
is required in advance.
is a singular documented physical or
particular design, product or process aims to satisfy. It is commonly used
in a formal sense in engineering design, including for example in systems
engineering, software engineering, or enterprise engineering. It is a
broad concept that could speak to any necessary (or sometimes desired)
function, attribute, capability, characteristic, or
for it to have value
and utility to a customer, organization, internal user, or other
stakeholder. Requirements can come with different levels of specificity;
for example, a requirement specification or requirement "spec" (often
imprecisely referred to as "the" spec/specs, but there are actually
different sorts of specifications) refers to an explicit, highly
objective/clear (and often quantitative) requirement (or sometimes, set of
requirements) to be satisfied by a material, design, product, or service.
A set of requirements
is used as inputs
into the design stages of product development. Requirements are also an
important input into the verification process, since tests should trace
back to specific requirements. Requirements show what elements and
functions are necessary for the particular project. When
software development or agile methods are used, the system requirements
are incrementally developed in parallel with design and implementation.
With the waterfall model
requirements are developed before design and implementation.Deliberate
something carefully thought out
. With the intention of an anticipated
intended or that guides
also means to discuss the pros and cons
of an issue. Unhurried and with care and dignity.
why a particular
action was taken for an intended outcome. The reasons that guided your
. The quality of being
determined to do something
or achieve something and having firmness of
something is used for. (sometimes a purpose much bigger than you).
is important in effect or meaning. Having worth or merit or value. Relevant
is something devoid of
importance, meaning, influence, power or force. Not worthy of notice.
is something meant,
for a particular time and
place, or use.
philosophical attempt to describe things in terms of their apparent
purpose, directive principle, or goal
A purpose that is imposed by a human use, such as that of a fork, is
states that the best action is the one that
Cause and Effect
is someone who believes that
the value of a thing depends on its utility. Having a useful function.
is what something is used for,
something that performs the actions and
activities as expected and required
when applied to or assigned to.
Function serves a purpose and usually has a relation such that one thing
is dependent on another. Functionality
is designing something
for a particular
function or use. Capable, fit and ready for use or service. How long will it Last? Durability?
or for all intents and purposes means for all
practical purposes or in every practical sense.
is the quality of
being able to
and a quality that permits or facilitates achievement or
accomplishment. Possession of the qualities (especially
required to do something or get something done.
is the action of putting
something into operation. The act of bringing something to bear; using it
for a particular purpose. The work of applying something.
is to put into service and make work or employ for a
or for its inherent or natural purpose. Be pertinent or
is capable of being applied; having
is something that is necessary to live
, things like
clean air, water, food and shelter. There are also many other needs that
people require in order to live peacefully, things like security, freedom,
respect, and love. When peoples needs are not available, then people will
suffer, and when important needs are unavailable, then people could die.
is something that you don't
actually need, but you just want to have
it, like junk food or when you have an Addiction
to something. And if
the want degrades health or the environment, then that is what is called
is a systematic process for determining and
addressing needs, or "gaps" between current conditions and desired
conditions or "wants". The discrepancy between the current condition and
wanted condition must be measured to appropriately identify the need. The
need can be a desire to improve
or to correct a
is determining the needs or conditions to meet for a new or
altered product or project, taking account of the possibly conflicting
requirements.Hierarchy of Needs
Duty of Care
is the satisfaction or benefit derived by consuming a product, thus the
marginal utility of a good or service is the change in the utility from
increase or decrease in the consumption of that
or service. Economists sometimes speak of a law of diminishing
marginal utility, meaning that the first unit of consumption of a good or
service yields more utility than the second and subsequent units, with a
continuing reduction for greater amounts. Therefore, the fall in marginal
utility as consumption increases is known as diminishing marginal utility.
Mathematically: MU1>MU2>MU3......>MUn. The marginal decision rule states
that a good or service should be consumed at a quantity at which the
marginal utility is equal to the marginal cost
Prices of Production
defined as "cost-price + average
". It refers to the price levels at which newly produced goods and
services would have to be sold by the producers, in order to reach the
normal, average profit rate on the capital invested in producing them. The
importance of those prices is that a lot of other prices are based on, or
derived from them: they determine the cost structure of capitalist
When people say they earned money or earned something,
they are usually lying. What they mean to say is that they were paid a sum
of money or stole
a some money.
is to take without the owner's
. Citizens own the tool we call money, money is a shared resource.
is to give money or receive
not a accurate measurement of your output. Just like price, income does
not measure true cost
. People are making money at
other peoples expense and at the expense of the planet, which is called
is to acquire or deserve by one's
efforts or actions that are considered worthy, having worth or merit or
value; being honorable or admirable. Having qualities or abilities that
merit recognition in some way. Earning is a
and known benefits.
the quantity of payment or compensation given by one party to another in
return for goods or services, generally expressed in units of some form of
currency. A Price is what you're willing to pay
price does not measure value
because someone paid a large amount of money for something does not mean
that is how much that something is worth. People who have a lot of money
sometimes do stupid things with their money.Price Fixing
- Price Gouging
Consumer Price Index
measures changes in the price level of
a market basket of consumer goods and services purchased by households.
Retail Price Index
is a measure of inflation published monthly by the Office for National
Statistics. It measures the change in the cost of a representative sample
of retail goods and services.
is a normalized average (typically a weighted average) of price relatives
for a given class of goods or services in a given region, during a given
interval of time. It is a statistic designed to help to compare how these
price relatives, taken as a whole, differ between time periods or
is a point on a scale of possible prices at which something
might be marketed. Prices at which demand for a given product is supposed
to stay relatively high.
How Rare is it? How many were
made? How rare are the resources that were used to make the
How many uses does it have? Versatility? How Practicable is
it? Specified Purposes of Use? Options?
Flaws of Supply and Demand
. The price cannot be calculated by
replacing the supply and demand variables with numbers. The supply cannot
be calculated by replacing the price and demand variables with numbers,
and the demand cannot be calculated by replacing the price and supply
variables with numbers.
Supply with no Demand
people need or want at a given time.
is how much there is of a certain resource.
is how much people steal, and is not the calculated value of that recourse
or service. Price does not control supply, only discriminates and
. Property values
steal in the same way.
of time, resources and labor that it takes to perform a
particular action. Value
measured by what must
be given or done or undergone to obtain something. Cost is the input
compared to the output. When the output is less then the input, then the
cost is high and unsustainable
Calculating True Cost
is the value
of the best alternative forgone where, given limited
resources, a choice needs to be made between several mutually exclusive
alternatives. Assuming the best choice is made, it is the "cost" incurred
by not enjoying the benefit that would have been had by taking the second
best available choice. The basic relationship between scarcity and choice.
The real cost of output forgone, lost time, pleasure or any other benefit
that provides utility should also be considered opportunity costs.
is the cost or benefit that affects a party who
did not choose to incur that cost or benefit. Economists
governments to adopt policies that "internalize" an externality, so that
costs and benefits will affect mainly parties who choose to incur them.
Passing the Buck
is a socioeconomic term describing how a
business maximizes its profits by off-loading indirect costs
negative effects to a third party.
is the sum of the private costs resulting from a
transaction and the costs imposed on the consumers as a consequence of
being exposed to the md's transaction for which they are not compensated
or charged. Private costs are the direct costs of the producer to produce
the good or service. Social cost includes these private costs, and in
additional the costs (external costs) associated with the production of
the good which are not dealt with by the free market.
is a cost incurred in making an economic exchange of
some sort, or in other words the cost of participating in a market. In
Transaction Costs, Institutions and Economic Performance (1992), Douglass
C. North argues that Institutions, understood as the set of rules in a
society, are key in the determination of transaction costs. In this sense,
institutions that facilitate low transaction costs, boost economic growth.
Transaction costs can be divided into three broad categories: Search and
information costs are costs such as in determining that the required good
is available on the market, which has the lowest price, etc.. Bargaining
costs are the costs required to come to an acceptable agreement with the
other party to the transaction, drawing up an appropriate contract and so
on. In game theory this is analyzed for instance in the game of chicken.
On asset markets and in market microstructure, the transaction cost is
some function of the distance between the bid and ask. Policing and
enforcement costs are the costs of making sure the other party sticks to
the terms of the contract, and taking appropriate action (often through
the legal system) if this turns out not to be the case.
Cost of Production theory of Value
is the theory that the
price of an object or condition is determined by the sum of the cost of
the resources that went into making it. The cost can comprise any of the
factors of production (including labor, capital, or land) and taxation.
is the change in the opportunity cost that arises when
produced is incremented by one unit, that is, it is the cost
of producing one more unit of a good. In general terms, marginal cost at
each level of production includes any additional costs required to produce
the next unit. For example, if producing additional vehicles requires
building a new factory, the marginal cost of the extra vehicles includes
the cost of the new factory. In practice, this analysis is segregated into
short and long-run cases, so that, over the longest run, all costs become
marginal. At each level of production and time period being considered,
marginal costs include all costs that vary with the level of production,
whereas other costs that do not vary with production are considered fixed.
Cost Benefit Analysis
is a systematic approach to estimating
the strengths and weaknesses of alternatives that satisfy transactions,
activities or functional requirements for a business. It is a technique
that is used to determine options that provide the best approach for the
adoption and practice in terms of benefits in labor, time and cost savings
etc. The CBA is also defined as a systematic process for calculating
and comparing benefits and costs of a project, decision or government
policy (hereafter, "project").
is a form of economic
that compares the
relative costs and outcomes (effects) of different courses of action.
Cost-effectiveness analysis is distinct from cost–benefit analysis, which
assigns a monetary value to the measure of effect. Cost-effectiveness
analysis is often used in the field of health services, where it may be
inappropriate to monetize health effect. Typically the CEA is
expressed in terms of a ratio
denominator is a gain in health from a measure (years of life, premature
births averted, sight-years gained) and the numerator is the cost
associated with the health gain. The most commonly used outcome measure is
quality-adjusted life years
Cost-utility analysis is similar to cost-effectiveness analysis.
Cost-effectiveness analyses are often visualized on a plane consisting of
four-quadrants, the cost represented on one axis and the effectiveness on
the other axis. Cost-effectiveness analysis focuses on maximising the
average level of an outcome, distributional cost-effectiveness analysis
extends the core methods of CEA to incorporate concerns for the
distribution of outcomes as well as their average level and make
trade-offs between equity and efficiency, these more sophisticated methods
are of particular interest when analysing
interventions to tackle health inequality.
is a form of financial analysis used to guide
most common and well-known application of this analysis is in
pharmacoeconomics, especially health technology assessment (HTA).
involves unexpected costs incurred in excess of
budgeted amounts due to an underestimation of the actual cost during
budgeting. Cost overrun should be distinguished from cost escalation,
which is used to express an anticipated growth in a budgeted cost due to
factors such as inflation.
the value of money that has been used up to produce something, and hence
is not available for use anymore. In business, the be one(?) of
acquisition, in which case the amount of money expended to acquire it is
counted as cost. In this case, money is the input that is gone in order to
acquire the thing. This acquisition cost may be the sum of the cost of
production as incurred by the original producer, and further costs of
transaction as incurred by the acquirer over and above the price paid to
the producer. Usually, the price also includes a mark-up for profit over
the cost of production.
business expenses that are not dependent on the level of goods or services
produced by the business. Direct labor and
are often called conversion cost, while direct material
and direct labor are often referred to as prime cost.
are costs that change in proportion to the good or service that a business
that can easily be associated with a particular cost object, describe
something to which costs are assigned. Common examples of cost objects
are: product lines, geographic territories, customers, departments or
anything else for which management would like to quantify cost.
to another person or group to pay for an item or service, or for
a category of costs. For a tenant, rent is an expense
Real versus Nominal Value
real value is relative to other
commodities or goods. It is adjusted for inflation, enabling comparison of
quantities as if prices had not changed. Changes in real terms therefore
exclude the effect of inflation. In contrast with real value, nominal
value is not adjusted for inflation, and so increases in nominal value
reflect the effect of inflation.
Economic Impact Analysis
examines the effect of an event on the
economy in a specified area, ranging from a single neighborhood to the
entire globe. It usually measures changes in
, business profits, personal wages, and/or jobs. The
economic event analyzed can include implementation of a new policy or
project, or may simply be the presence of a business or organization. An
economic impact analysis is commonly conducted when there is public
concern about the potential impacts of a proposed project or policy. An
economic impact analysis typically measures or estimates the change in
economic activity between two scenarios, one assuming the economic event
occurs, and one assuming it does not occur (which is referred to as the
counterfactual case). This can be accomplished either before or after the event (ex ante or ex post).
Addictions often confuse our Value Judgment
(jobs, employment) - Financial Advice
Living within your Means
Living within your means has
nothing to do with what you can afford
. Living within the means
is measured by a persons understanding of the resources that
they have, and, how they accurately manage those resources so
that they remain available and will not run out. People wrongly
believe that what they can afford has to do with how much money
they have, which is inaccurate and delusional. What you can
afford is measured by the impacts and the effects of a
particular action that you claim that you can afford to do. Will
the action negatively effect your health? Will the action
negatively effect the health of others? Will it increase
pollution? So can you afford to eat that junk food? No. Just
because you can afford something doesn't mean that your actions
are good or bad, right or wrong. Living
are the actions you
take that have a logical
. Have a specified degree of
. Destine or designate for a certain
Using money to measure value
is like using a dipstick to measure how much oil costs the
It is very ignorant and almost criminal to
judge the value of something using just money. You should only
judge things by how much time, resources and people they use in
process or the creating process. You also have to
measure the amount of energy that the resource will ultimately
provide and how it will be used. You also have to measure the
environmental impact during excavating process or creating
process. You have to measure the efficiency, the environmental
impact during use, the recycling and reusing capabilities, and
you have to measure how certain resources compare to other
resources of similar properties. This information can be
measured and used, so this needs to be public knowledge in order
for the public to be aware of their choices.
This is the only way of judging the true value of something.
You have to ask what is the true cost of this? You can't
answer that by using a dollar sign. How much time, how much
resources and how many people? Then you have to figure impact,
choices and priorities. When you use money in equations you
confuse people and keep people from fully understanding the
situation. I’m not saying to stop using money as a way to
measure action. Sadly we still have to use money in this way to
some extent. But if you understand the facts and
, then money should always follow
this logic, if not, then someone is lying or using the wrong
math. When things can be correctly measured they can be better
does not determine the
something, money only determines the
"Money is not a measure of
, just like owning more then one hammer does not make
you a carpenter. The only accurate measure of success is positive output
that has almost zero waste."Calculating True Cost
Money is not an accurate
or even a correct method to measure the importance of
actions that we must all take to protect our world and human
Only society should decide what it
needs, not money. Any social service that depends on
money is not a service. (Dependency
) How can you have a needed human service depended on an
inanimate object? It’s just so sad and so crazy to know that
almost every person on the planet is manipulated and controlled
by money, in some varying degrees of course, but still affected.
How did we become so complacent and so unaware of the damage
that we do to ourselves everyday in the name of money? It's like
waking up from a bad dream. Remember how horrible it was when
. But this time the con man is everywhere.
is supposed to be just a
tool and not a weapon of control. So what happened to us?
Instead of pumping money into the economy to thwart off
, we should be pumping information and knowledge
into the economy. Of course, we would first have to decide on
the how, what, why, when and where that this particular
information and knowledge should be. Because we have painfully
learned from our past and our present, that when things get
corrupted they cause more harm then good. To say that a country
is an out right lie and a very ignorant
observation. A growing economy will always end in collapse. A
. There is no other way.
is our best defense. And
knowing how to use that information correctly would be our best
offence. A slow economy is just another way of saying that
Measuring the Value of Money
We have to have a way, or a
, that would accurately explain if the
or money, was earned in a way that definitely benefited people,
versus, in a way that definitely did not benefit people. I'm all
for alternate currencies, as long as the currency can be easily
, and honest.
to a Rating System for Food
“...when men live by
... it is the best product that wins,
the best performance, the man of best judgment and highest
ability...” - (Francisco d'Anconia
(Part 2, Chapter 2, Page 411)
“The symbol of all relationships among such men, the moral symbol of respect for human beings, is
. We, who live by values, not by loot, are traders,
both in matter and in spirit. A trader is a man who earns what
he gets and does not give or take the undeserved.” (John
(Part 3, Chapter 7, Page 1,022)
“...when you live in a rational society, where men are free to
, you receive an incalculable bonus: the material value of your work is
determined not only by your effort, but by the effort of the
best productive minds who exist in the world around you.” -
(Part 3, Chapter 7, Page 1,064)
Only ignorant people would force other people to do something pointless that is not
necessary. Ignorance creates extra steps in society that wastes time,
people and resources. If you are going to generate useless paper work you should print
it on toilet paper so at the least it will provide something of
with information not Adds or Toilet
Paper with words of wisdom.
To force people to make things just because you selfishly want them, and not because you
actually need them, that is not just illogical it is also
totally insane. And you wonder why people suffer?
There's a big difference between
Measuring True Cost
Quotes about Money
Sayings about Money
Just because you can doesn't mean you should. Is this the most
logical choice based on your current needs?
Just another Addiction
What is the true cost of
TROM - 2.17 Beauty and Design
"We should not have taxes, people should just a bill that
clearly shows how the money is spent. This way a person can
calculate how much they owe by the services they use."
Why does the cost of
control our decisions? Why does it stop us from
making improvements? Because we're idiots.
be unnecessary in the future? Racket
The best insurance is friendships and
families, because if there is no one to give money too, then
your insurance is useless. This is one of the reasons why
insurance does more harm then good because it degrades
relationships. But it's not just insurance, it's more about the
fact that money disconnects people from reality. So the root of
the problem is still our inadequate and dysfunctional education
To be more
or to have certain
cannot exist in Society for it only creates
and also abuses the less fortunate without
justification. Of course certain people do need extra
assistance, need better tools and require extra help from other
people in order to be more productive in the service they
provide. This is not the same as believing you have a right to a
more spoiled and extravagant lifestyle just because you have
more money or have a position of power. That is a very distorted
understanding of life that has a very negative and destructive
effect on other people and the planet. Showing
without money or power is more genuine.
Maybe we should all be Praying for Time
(song on youtube).
"If we don't educate people completely
we will always have problems in our world, especially when money
and power gives anyone the ability to commit murder and spread
violence, as well as destroy land and pollute water. I don't
know if you realize this but our money system has some horrible
and deadly flaws. If we don't fix these flaws, making our world
a better place will be impossible, and suffering, destruction
and avoidable deaths will continue for as long as humans live.
Saved My Life Tonight
(youtube) but now the song is
about capitalism....clinging to your stocks and bonds and paying
for ever... you nearly had me roped and
tied...then sweet freedom whispered in my ear, you're a
butterfly, and butterflies are free to fly.....fly away...Bye
"You can ignore reality, but you can't ignore the
consequences of ignoring reality." Ayn Rand
Instead of living with blood on your hands
, how about living
with unlimited potential in your hands, the potential that you
can't see because it's covered by money and the blood of the people who
gave their lives for it. I'm not blaming you, I want to help
you, help you make things better. I know that a lot of the times
you're just protecting yourself against all the other criminals
in the world, and I know its hard to leave the game and just
walk away from the table, but that's where it starts. And the
more people who leave the game, then there will be less people
to exploit. And then eventually the people who like to exploit
people will become tired of playing games because there will be
no more people who are willing to play the game with them. And
when people stop playing this game of exploitation, that's when
we'll be waiting for them to help them through this transition,
a transition into a better world and a better life for everyone.
I'm sure you would like to spend your time and energy on more
productive objectives and enjoy life more freely.
We all have
Blood on their Hands
You can still have it all but at the same time still have
nothing, so what are you really living for?
If you never learn the right things when
you become broke, then you will end up making the same mistakes
It was more then just thinking that I would always have a
Job, so I would always find a way to pay my bills. And it was more
then just mismanaging money. And it was more then just spending
money that I didn't have. It was more then just getting bad
loans. It was more then just the
. It was more then just
that do more harm then good. It was more about being
and manipulated into spending and buying things that I didn't
need. I was manipulated into thinking that buying things was
some how good for the
, and that
and mindless consumerism was
improving society. We have all been horribly mislead and
misinformed, which is the fault of our biggest problem, which is
our incompetent education system, and of course our sucky media
too. I was so lucky that I went broke in 2007, but I was
even more lucky to have learned about the problems with our
as our enormous problems in our
. So what seemed to be a failure turned out to
be a blessing after all. Thank You God! Thank You Internet! My
situation is unique now, I'm working a lot but I'm not getting
paid enough to pay all my bills to this ignorant capitalistic
society, which is another problem for me to solve, add that to the
"Nothing drives people more then having a
purpose, not even money can inspire people more then having a
purpose. But sadly there are too many people being driven by
money instead of being driven by purpose, which leaves them
totally unaware of the real reasons why they are doing what they
are doing, and also, they are unaware of the side effects that
are produced by their actions."
Educating People About Money
is work, right?
work. So work is not just about the
it’s more about the
.Morals and Ethics
Money encourage ignorance and make people complacent with a
false sense of security?
Am I insane, incoherent, corrupt or just a fool?
can't put a price on life, but you
the value life. You can measure how much a person gives, and how
much a person takes. You can measure how many opportunities a
person has had, You can measure how much education they were
given. You can also measure the importance of a persons
inventions and discoveries, actions that helped improve life,
without degrading life in any way. Value can be measured, price
can not be measured because money is an inanimate object."
should not drive your decision making, because you will never be
able to accurately calculate the real cost of your actions.
, there is
good and bad
, there is
right or wrong
, and all those can be
this way our odds of success are greatly increased. To base our
decisions only on money is to live without reason and purpose,
which always leads to a lonely place filled with nightmares. And
to that I say no thank you, I think I will stick to using logic
to drive my decisions as much as humanly possible."
The Beatles - Can't Buy Me Love (Live)
why money disconnects people from reality.
Not to say that people doing things just for money is always
wrong, it's just that it's not always right, and most people are
not fully aware of the real cost of their actions. This is a
huge disconnect that has devastating consequences. if we don't
correct this, it will continue to kill people and continue to
destroy and poison our world.
Too many people believe that saving their money is some how
going to better their lives and make them more prepared for when
they no longer feel the need to work. Saving time, saving
resources and saving friendships are much more valuable and
important in the long run. Invest in expanding your knowledge,
because it's what you don't know that will do the most damage
and cause the
most problems. Encourage people to continue to learn and expand
their knowledge of themselves and the world around them. knowing
a little more each day, understanding a little more each day,
enjoying life a little more each day.
Just because you paid a 100 dollars for electricity that does
not say how much that energy cost.
Just because you paid a 1 dollar for an apple that does not say
how much that apple cost.
We can easily label a product with the cost as well as the
price, the cost would included how much time, resources, and
people it took to deliver this product to you. it would also
include how much environmental damage the product caused, and
what were the offsets of this damage if any. our world would
gradually improve everyday.
Money is not something that should be controlling your actions,
money should not tell you what you can and cannot do. Money is
not a guide. What should be guiding you is your knowledge of the
world. To live within your means is not about money, because
money is not a calculation or a measurement of reality. Living
within your means is about resources and understanding the cause
and effects of your actions, actions that could hurt others or
hurt yourself. Spending less then you earn does not tell me what
you do for work or what you do with the money you earn, because
both may be causing damage. Spending less or spending more is
not doing less or doing more. You have to calculate and measure
the effects of your actions, without using a dollar sign.
Information and knowledge that proves your actions were the best
actions to take based on our current understanding of the world.
We waste too much and we pollute to much without taking in
consideration the millions of people you will suffer from these
If people don't have enough information and knowledge to
understand their world, how are the supposed to know what
choices to make that would improve things and make life better.
There are millions of people around the world living better then
kings did a 100 years ago. That's how much we improved the
standard of living. And we are just beginning to realize the
true cost of this standard of living. And we are also
understanding the mistakes we made and the waste and abuse that
we caused. Millions of kings sitting on their thrones enjoying
their lifestyle, just as disconnected as real kings were 100
years ago. Except now it's a different, we can communicate much
more easily then ever before. The Kings should all get together
and make better choices and stop pretending that they will live
"We learn the game. Then we learn how to cheat the game. So we think that
we're smart. But we learned nothing important or valuable
because it was just a game. So where was life? Life was in front
of us the whole time. But we were too busy playing the game. So
we never bothered to look up."
We are dependent
on something's, but
we don't want certain dependencies to turn into
things that we are not truly dependent on, like trivial material
possessions, or money, or unhealthy foods, or unhealthy drugs,
or unhealthy thoughts, or any unhealthy habits that do more harm
Everyone must understand the transitory nature of material life
and that all things must come and go. Here today and gone
tomorrow. We must see things as they are, so as to avoid
creating Unhealthy Attachments to things, and stop creating
Unhealthy Attachments to certain thoughts, and stop creating
Unhealthy Attachments to certain people, because some
relationships can cause more harm then good.
Excessively concerned with material possessions or the
acquisition of wealth.
Clinging to the past, or having an obsession with the future.
Allowing our possessions to define us or entrap us. Fearing
Attaching yourself to hopes and dreams in a way that excuses you
from fixing things. Hoarding
Continually preoccupied with things that intrude the mind
or physiologically dependent on something that is
inconsistent with reason or logic.
An unhealthy and compulsive preoccupation with something or
An irrational motive for performing trivial or repetitive
actions, even against your will.
Non-attachment, is a state in which a person overcomes his or her
attachment to desire for things, people or concepts of the world
and thus attains a heightened perspective. Detachment as release
from desire and consequently from suffering.
is one of the exercises that a person can do to
remind themselves of Unhealthy Attachments. Sand Mandala symbolizes the
Buddhist doctrinal belief in the
of material life
Quotes about Money...
The real measure of your wealth is how much you'd be worth if you lost everything
you own, including all your money.
Only when the
last tree has died and the last river been poisoned and the last
fish been caught will we realize we cannot eat money.
never held anyone back. Only empty heads and empty hearts can do
people are so poor because the only thing they have is money."
many people buy things they don’t need with money they don’t
have to impress people they don’t know."
Money does not
pay for anything, never has, never will. It is an economic
axiom as old as the hills that goods and services can be paid
for only with goods and services. (Albert
, Memoirs of a Superfluous Man, 1943)
"The system of banking [is] a blot left in all our
Constitutions, which, if not covered, will end in their
destruction...I sincerely believe that banking institutions are
more dangerous than standing armies; and that the principle of
spending money to be paid by posterity... is but swindling
futurity on a large scale." - (Thomas
"The issuing power should be
taken from the banks and restored to the people, to whom it
If money is your
hope for independence you will never have it. The only
real security that a man will have in this world is a reserve of
knowledge, experience, and ability. - (Henry
“Money is only a
tool. It will take you wherever you wish, but it will not
replace you as the driver.” - (Ayn
“Money will not purchase
happiness for the man who has no concept of what he wants.”
“Until and unless you
discover that money is the root of all good, you ask for your
own destruction. When money ceases to become the means by which
men deal with one another, then men become the tools of other
men. Blood, whips and guns--or dollars. Take your choice--there
is no other.” (Ayn
“Money is a tool of exchange,
which can't exist unless there are goods produced and men able
to produce them. Money is the material shape of the principle
that men who wish to deal with one another must deal by trade
and give value for value.”
(Francisco d'Anconia -
(Part 2, Chapter 2, Page 410)
“Money is made... made by the
effort of every honest man, each to the extent of his ability.
An honest man is one who knows that he can't consume more than
he has produced.” (Francisco d'Anconia
Chapter 2, Page 411)
To profit from life is
to take more then you give, and if you take more then you give,
there will always be suffering.
We never know the
worth of water 'til the well is dry. (English
Those who live by numbers can
also perish by them and it is a terrifying thing to have an
adding machine write an epitaph, either way. (George
, The Money Game)
I'd like to live as a poor man
with lots of money. (Pablo Picasso)
Give me control of a nation's money
supply, and I care not who makes its laws.
I conceive that the great part
of the miseries of mankind are brought upon them by false
estimates they have made of the value of things. (Benjamin
1706-1790, American politician, inventor and
You know the value of every
merchandise, but you do not know your own value -- that is
(The Sufi Path of Love, The Spiritual Teachings of
Everything that can be counted
does not necessarily count; everything that counts cannot
necessarily be counted.
1879 - 1955, German-born
In God we trust, all others
bring data. (Dr.
W. Edwards Deming
is a deductive argument for a mathematical statement. In the argument,
other previously established statements, such as theorems, can be used. In
principle, a proof can be traced back to self-evident or assumed
statements, known as axioms, along with accepted rules of inference.
Inflation is taxation without
Earth provides enough to
satisfy every man's need, but not every man's greed.
1869-1948, Indian, ethic-spiritual & political
nation that continues year after year to spend more money on
military defense than on programs of social uplift is
approaching spiritual doom. (Martin
Luther King, Jr
The best way for a person to
have happy thoughts is to count his blessings and not his cash.
Waste your money and you're
only out of money, but waste your time and you've lost a part of
your life. (Michael Leboeuf)
Do not value money for any
more nor any less than its worth; it is a good servant but a bad
), Camille, 1852
When I do good, I feel good;
when I do bad, I feel bad, and that is my religion.
1809-1865, American President, abolisher of
rather fashion my mind than furnish it." (Michel
We are not afraid to entrust
the American people with unpleasant facts, foreign ideas, alien
philosophies, and competitive values. For a nation that is
afraid to let its people judge the truth and falsehood in an
open market is a nation that is afraid of its people.
1917-1963, 35th president of the
It is important that an aim
never be defined in terms of activity or methods. It must always
relate directly to how life is better for everyone. . . . The
aim of the system must be clear to everyone in the system. The
aim must include plans for the future.
The aim is a value
W. Edwards Deming
1900-1993, American Statistician)
Management is doing things
right; leadership is doing the right things.
, American Management Guru)
Wealth consists not in having
great possessions, but in having few wants.
341 B.C.-270 B.C., ancient Greek philosopher, father of
A people that values its
privileges above its principles soon loses both.
1890-1969, US General, 34th
president of the United States)
"Many people believe
that poor people are lazy. In reality, most of the nations
poorest people work full-time jobs, sometimes 60 or more hours a
week, but because they are paid so little, they can't feed
their families or adequately take care of the needs of their
family. It's also commonly believed that the rich deserve their
wealth because they work harder then others. In reality, most of
the super rich have never worked a real job, because most of
their wealth has been handed to them."
man who, having fenced in a piece of land, said "This is mine,"
and found people naïve enough to believe him, that man was the
true founder of civil society. From how many crimes, wars, and
murders, from how many horrors and misfortunes might not any one
have saved mankind, by pulling up the stakes, or filling up the
ditch, and crying to his fellows: Beware of listening to this
impostor; you are undone if you once forget that the fruits of
the earth belong to us all, and the earth itself to nobody."
Discourse on Inequality
No Man can Serve two
No man can serve two masters:
for either he will hate the one, and love the other;
or else he will hold to the one, and despise the other.
Ye cannot serve God and mammon.
Ye cannot be human and inhuman.
Ye cannot serve man and kill man. (whether directly or
Penny wise, pound foolish
“The rich rules over the poor, and the borrower becomes the
Other People's Money
Other People's Money
A Quote from the Movie..."There is the instrument of our
destruction. I want you to look at him in all of his glory,
Larry "The Liquidator," the entrepreneur of post-industrial
America, playing God with other people's money.
The Robber Barons
of old at least left something tangible in
their wake -- a coal mine, a railroad, banks. This man leaves
nothing. He creates nothing. He builds nothing. He runs nothing.
And in his wake lies nothing but a blizzard of paper to cover
the pain. Oh, if he said, "I know how to run your business
better than you," that would be something worth talking about.
But he's not saying that. He's saying, "I'm going to kill you
because at this particular moment in time, you're worth more
dead than alive."
Well, maybe that's true, but it is also true that one day this
industry will turn. One day when the yen is weaker, the dollar
is stronger, or, when we finally begin to rebuild our roads, our
bridges, the infrastructure of our country, demand will
skyrocket. And when those things happen, we will still be here,
stronger because of our ordeal, stronger because we have
survived. And the price of our stock will make his offer pale by
God save us if we vote to take his paltry few dollars and run.
God save this country if that is truly the wave of the future.
We will then have become a nation that makes nothing but
hamburgers, creates nothing but lawyers, and sells nothing but
tax shelters. And if we are at that point in this country, where
we kill something because at the moment it's worth more dead
than alive -- well, take a look around. Look at your neighbor.
Look at your neighbor. You won't kill him, will you? No. It's
called murder and it's illegal. Well, this too is murder -- on a mass scale
. Only on Wall
Street, they call it "maximizing share-holder value" and they
call it "legal." And they substitute dollar bills where a
conscience should be. Dammit! A business is worth more than the
price of its stock. It's the place where we earn our living,
where we meet our friends, dream our dreams. It is, in every
sense, the very fabric that binds our society together.
So let us now, at this meeting, say to every Garfield in the
land, "Here, we build things. We don't destroy them. Here, we
care about more than the price of our stock! Here, we care about
are investors that acquire distressed
firms in the hopes of making them more profitable
as to ultimately sell them for a profit. Due to their aggressive investing
nature, and how they make firms more profitable, vulture capitalists are
"I no longer dream of stupid luxuries anymore because they are
mostly irrelevant and wasteful. I no longer dream of wealth or
power, because I know that I will always have both as long as I
keep learning. The only material possessions I think about are
tools that would make me more productive, and more sustainable,
just like the planet earth, living in peace and harmony."
If you create a
then people exposed to this psychotic environment could easily
be influence enough to become psychotic themselves, which has
clearly happened. This is one thing that humans have learned as
being a fact, and that is, humans are products of their
environment. And there are many different environments on this
planet, each one having its own unique effect on the human mind.
You can be neighbors with other people and still be worlds
apart. You can be siblings from the same family, and still have
your own unique qualities. This is because the same environment
does not always mean the same reaction to that environment,
especially when each person has their own experiences. We have
finally realized just how incredible the human mind is, and how
incredible life is. We know that Humans can learn, which means
that humans can learn about how different environments can
effect their behaviors. And we can share this knowledge, and we
can also pass on this knowledge.
Which means that future generations will be more intelligent,
and more capable of surviving, and thriving.
It's not just that I realized that there
are more important things then money, I realized that the things
that are more important then money are extremely important. Like
the importance of knowledge. This was more then just an
epiphany, It's like realizing the water well that everyone has
been drinking from has been poisoned. And the affects from the
poison are gradual and not easily identifiable. So making
everyone aware of this was not going to be easy or straight
forward. So of course I needed to do some research so that I can
find ways to make people understand that the poisoned well is
real and not just a metaphor. It's like waking up and realizing
that the life you have been living is a lie. So why are people
lying to me and to others? I don't know, but that is not
important, what's important is knowing what the truth is. And
the only way to find the truth is by researching and learning.
You can't equate your life or
your time to money
. Money is just a tool and just one of
many tools a human has. And the most important tool is the human
brain. The ability to solve problems and to analyze information
gives a human more advantages over all other living things on
But just because we have these abilities does not mean everyone
has learned them or even knows how to use these abilities
correctly. keep learning and don't forget to apply what you have
learned to your life.
When money can give anyone power
, before they have actually
earned it or before they fully understand the responsibility of
power, you will always have destructive behavior and corruption.
You either take away the power of money or fully educate people
on how to use this tool correctly and responsibly. It looks like
we have to do both. Basic Knowledge 101
We will never begin to understand
the cost of our actions if we use only money as a guide
have to look at all the elements, all the facts and all the
results in order to even come close to understanding the whole
picture. Having more money will not guarantee that you will be
smarter or live a better life, on the contrary you will more
likely become more ignorant and suffer as clearly proven and
documented by the destructive effects of wealth on people and
society. Money has a very strange power, or special magic, that
decreases a persons ability to think clearly. And just to think
that it's only a tool. How can you give an inanimate object so
much power over your thinking. And you can't blame the tool, so
money is not the problem here. The problem is that people are
terribly confused and manipulated by a tool that society uses.
This is the fault of education that we must fix immediately. If
most of the corrupted people in the world are educated people,
then why is education not correcting this flaw?
Social Impact of Wealth
Should we allow corporations to use our earths resources, our
people and our time just to make money?
Of course not because
that would be totally ignorant and totally insane. Yet we let it
happen everyday. Then on top of that these same corporations irresponsibly cause damage to our earth and violate human rights
as if they were above every law know to man. I'm not about
because that's a waste of time.
education is the only logical alternative.
People pursuing their ideas and chasing their personal dreams is
But eventually a lot of us will have to
same project, work on the same idea and work on the same dream.
Teamwork is our only hope for success and prosperity. The world
is producing to many humans that are disconnected and isolated
. When we realize that
we are all one entity, one organism, one species, we will then
start acting to our full potential as ‘one’.
The Eco-system is our teacher
And this teacher is clearly showing us the way to survive and to
sustain a happy and healthy life style. That knowledge is
are one of the
world's greatest resources.
should be looked upon as a honorable life
choice. Single people can dedicate themselves to the world and
provide a great service that helps the needy and helps the
uneducated to become educated. This way families can focus more
time and energy towards their family instead of having to spend
precious time away from their family to combat the worlds
problems that are over whelming families. As of 2012 there's
about 32.7 million Americans living
does not mean that you are
There are powerful and greedy
people who don't fully understand our dilemma
, but with
enough educated people we will surely over whelm them into
change, as well as over whelm our politicians into making the
right choices and sacrifices that we all have to make. And it’s
not just living within our means either because some people
actually believe that they have the right to be wasteful just
because they can afford it, which is so moronic and ignorant
that it goes against all common sense. Freedom does not mean
that you have the right to be an ignorant moron at everybody
else’s expense. Especially when we can measure and confirm what
things are bad, damaging and counter productive. We have to live
within the world’s means, and the world cannot afford anything
right now. Plus, people who do have money have it easier to
make positive changes then the people who are just fighting for
survival because their options are limited.
So it’s time to put away our childish ways and grow up fast.
This does not mean the American dream is over, it just
means the American dream has become more defined and more
responsible. This amazing journey of change
will bring us closer together and make us clearly understand our
values, which have become obscured by deceiving images by our
corporate media. It's time to join the millions who have already
made changes because we desperately need the support of everyone
in order to prosper.
have the power to save the world, if they want to?
Americans have the power. Not just the power of choice, but also
the power of change.
We use more energy and resources then most countries combined.
And using more energy does not say that we are actually doing
more. We actually waste more time and resources and throw away
more then most countries consume. On top of that we do more
damage to our environment and too ourselves. We spend more time
digging our own graves then spending time making a difference.
Selfish endeavors are killing us. We really are in some ways an
embarrassment to the rest of the world and to our constitution.
But amazingly Americans can literally improve the world over
night. I’m not saying that Americans can fix every problem in
the world but if we just learn to conserve, to recycle and
reuse, we would stop this thoughtless waste. The energy and
resources that went into making a product that you don’t need
can now be use somewhere else where it can have a positive
influence. And thus the change begins. Literally, “The world is
in our hands”. I always thought that picture was silly, but not
anymore. We have come full circle. We have made a lot of mistakes and
made a mess of a lot of things. Blaming doesn’t help. We can
heal if we work together. There are a lot of great people in
America, we’re not stupid, we can fix this....So what’s the
Everyone has an effect on the world.
whether the effect is large or small. Whether you are poor or
wealthy, everyone has the power to effect the world. People with
wealth seem to have a bigger effect on the world, but it's not
true. Because it's not the size of the effect that matters, it's
the importance of the effect that matters. The poor think that
their life will not make a difference in the world, but that is
wrong, because the poor have always made the difference in the
world, always. To believe that you don't have an effect in the
world, will still have an effect. But just knowing that you do
effect the world everyday that you are alive, is not enough. You
still have to know your options and you still have to know your
choices. So Knowledge and information is the key to ending all
poverty and all inequalities. You want poor people to lift
themselves out of poverty, just give people the necessary
knowledge and information that they need, and you will unleash
the power and potential of 100's of millions of people all
around the world. The poor can easily end
because the poor are not stupid. The only stupid people in the
world are the people who are denying people access to the
necessary information and knowledge that people need to make the
improvements in the world that are desperately needed. The
problem can be solved, so what are you waiting for?
Education is the strongest and the most effective tool known
"It's hard to implement action and positive change without
the necessary knowledge being shared"
3 Major things that happened
way to fast for enough Humans to react to:
Our over use and dependency of
Our irresponsible and misunderstood
"It's not that too many people, or over population is bad,
it's just that too many undereducated people is really bad"
I have seen
the population double and my parents have seen the population
How many people can the earth sustain? If the rates of
consumption are equal and fair for every human on earth, we can
then measure very accurately how many resources, food and water
every human requires. And then we can measure how many people
the earth can sustain without damaging the ecosystem or starving
itself. And not just sustain humans, but also sustain every
other living species, especially the animals we call food, and
of course the water and all the other foods that we all need to
live. We are living in an eco-system whether we like it or not.
If you break the chain something always dies and it might be us.
These problems are not new and
were foreseen by thousands. We have known about these issues for
at least 40 years now and still we are reacting way to slow then
simple common sense dictates.
"There has been too much emphasis on treating the disease and
not enough emphasis on the cure"
Most of us are completely unaware of the levels of destruction
and suffering that are embodied in the stuff that we buy and in the
choices we make. To rid ourselves of this ignorance will not be easy. But
it will have to be done in order to insure our children's survival and to
evolve as a species.
"The price of anything is the amount of life you exchange for
What does it meant to be Successful
Green living or sustainable
living is intelligent living. So the word intelligent must
be emphasized when describing
what it is. When people hear the word
they will want
to know more about that subject because everyone wants to be
intelligent. People have a hard time understanding and accepting
terminology like environmentally friendly, sustainability or
recycling. Mostly because being environmentally conscience is so
new to a lot of people that we have not completely found the
words to fully explain it in ways that are totally understood by
If we stop making poisons then
corporations and governments will stop feeding it to us
When it comes to our world
, I want to help educate people about the effects
that we all have on our earth and the effects that we all have
on our eco-systems that keep us alive and sustain life for
millions of other species. I want to make people aware of all
the right choices that we can make so that everyone has a clear
understanding of their impact on the planet.
people is not an easy task. It will take incredible patience and
an enormous amount of ingenuity. Educating people will need the
support from everyone. So the first thing we must teach is the
extreme importance of education, not the education that we all
know today, but the education that is not being fully shared and
the education that is not being fully understood.
Today we have
so much more information and knowledge, of the world, and
ourselves, that is tremendously important to our understanding.
We need a consensus and total world involvement in organizing
and distributing all this important information and knowledge.
If we don’t take this action to improve our education system,
billions of people will continue to suffer from our own
The major problem has always been
People can't act or understand what is needed
without knowledge. Our education system is unaware of its
incompetence and its dysfunctional effects that it has on
people. If every educator and every parent on this planet were
to educate every child and themselves on what actions and
choices they could make to secure human survival and secure our
planets survival with all its species and wonders, our chances
for survival and our increased quality of life will not just
double, but triple.
If we were to educate every women on the
planet we could improve the world over night.
decisions are not based on facts, or reality, or common sense,
they are usually bad mistakes with huge consequences. No one in
their right mind would do harm to themselves or do harm to
others, especially if they knew of a better way. No one does bad
things because they are bad, they do bad things because they
don't know better, or, they are force by an ignorant system of
control, or forced by ignorant people. When we wake up from
this, life will be exhilarating, like a warm spring day after a
long cold winter. Remember those? Everyone does.
People need to know the difference between Earning and Stealing
Tragedy of the Commons
is an economic theory of a situation
within a shared-resource system where individual users acting
independently according to their own self-interest behave contrary to the
common good of all users by depleting that resource through their
People also need to know the difference between Borrowing,
Renting and Using.
a painful, contagious, socially transmitted
condition of overload, debt, anxiety, and waste resulting from the dogged
pursuit of more."The term "affluenza" has also been used to refer to an
inability to understand the consequences of one's actions because of
Money doesn't answer all your questions
, so why do we allow
money to impede our knowledge and our understanding? Money does Transfer all the information that is related to a
transaction. Cause and effects need to be measured in order to
accurately understand the full impact, if not, then you could be
totally disconnected from reality, like many people are.
Valuing Time Over Money Is Associated With Greater Happiness
There is empirical evidence that prioritizing time over money is
a stable preference related to greater subjective
money is not exchanged for any one specific quality, for any one
specific thing, or for any particular human essential power, but
for the entire objective world of man and nature, from the
standpoint of its possessor it therefore serves to exchange
quality for every other, even contradictory, quality and object:
it is the fraternisation of impossibilities. It makes
- Concrete Labour
You would have to be a total moron to have a system where money
allows you to do almost anything that you want. And you don't
even have to prove right or wrong or good or bad, you just need
money. That is a scam and a total disconnect from reality. It's
like a child's fairytale come to life. All you have to do is
have this special object and it will give you all the power you
need. Except this fairytale is killing people, and it's killing
this planet, so your fairytale is over, it was a lie, time to
wake up, it was just a bad dream, and a nightmare for others.
But this children's story does have a happy ending, it's
called doing what is right. Our actions will again be
measured by the value that our actions bring to life, by the
value that our actions bring to ourselves, and by the value that
our actions bring to others. You can still have your fairytales,
but let us try to forget this nightmare that we called the dark
ages of the monetary system, the embarrassment that we all
shared in. Thank God, we are finally coming to our senses.
it wasn't about money then we would have no disagreements, we
would only have the facts. Money is only a tool that is related
to a particular step in a transaction, it does not define the
reasons why the action is necessary or valuable. Money
disconnects us from reality more then it connects us to
reality. Let us talk in facts, not money. It can't be about
money, only the facts. You need to ask "Is the action
?" The most ignorant thing that you can do is put a
dollar sign on a solving a problem or reaching a goal. Stick
with the facts, do your research, keep moving forward.
do I do things because I have the money? Just having money does
not say that it's right or good. I need to do things because it
is necessary and important, and money is just one of the steps
in that process, and not the reason.
many people who have more then enough money are doing the worst
things with money. And not just because they're ignorant, it's
also that there addiction to money leaves them with a very
narrow view of the world. So people live in denial, but they
don't know that they are living in denial, like most
"Money is like a
carrot on a stick
, people blindly chase the carrot without
paying attention to life, thus they never fully understand
themselves or the world around them."
money is your hope for independence you will never have it. The
only real security that a man will have in this world is a
reserve of knowledge, experience, and ability."
"We should live and let live, as long as your life doesn't take
away anyone else's right to live and let live."
"Man sacrifices his health in order to make money. Then he sacrifices
money to recuperate his health. And then he is so anxious about
the future that he does not enjoy the present; the result being
that he does not live in the present or the future; he lives as
if he is never going to die, and then dies having never really
“Just look at us. Everything is backwards, everything is upside down. Doctors
destroy health, lawyers destroy justice, psychiatrists destroy
minds, scientists destroy truth, major media destroys
information, religions destroy spirituality and governments
– Michael Ellner
can give anyone
before they have actually earned it, or before they
fully understand the responsibility of power, you will
always have destructive behavior and corruption. You
either take away the power of money or fully educate
people on how to use this tool correctly and
It looks like we have to do both.
Emergency Banking Act
was an act passed by the United States
Congress in March 1933 in an attempt to stabilize the banking system.
Bank for International Settlements
is an international
financial institution owned by central banks which "fosters international
monetary and financial cooperation and serves as a bank for central
Psychological Disorders Related to Money
Money disorders are persistent patterns of self-destructive and
self-limiting financial behaviors. Money disorders are the
maladaptive patterns of financial beliefs and behaviors that
lead to clinically significant distress, impairment in social or
occupational functioning, due to financial strain or an
inability to appropriately enjoy one’s financial resources. With
the exception of
, psychology and the mental health fields
have largely neglected dysfunctional money disorders.
is the spending of money on and the
acquiring of luxury goods and services to publicly display
economic power. Types of behaviors, or “scripts”, related to
money disorders include money avoidance, money worship, money
status and money vigilance. Money Avoidance Disorders (also
includes Underspending and Excessive Risk Aversion, but not
related to being frugal
Hoarding: When stockpiling objects or money provides a sense of
safety, security, and relief of anxiety. Relational Money
Disorders (also includes Financial Dependence and Financial
Incest). Financial Infidelity: Telling "little green lies" about
one's spending or finances to one's partner. Financial Enabling:
Giving money to others whether you can afford it or not; giving
when it is not in the other's long-term best interest. Those
afflicted with money disorders or who have problematic money
beliefs can seek financial therapy. With financial therapy,
financial planners and relationship therapists work together to
provide comprehensive treatment to clients experiencing
financial distress. Peniaphobia is the fear of poverty and/or
poor people. We need a
High Quality Education
and not just
do people use money as an excuse to be criminals?
put more simply, why do people do more harm then good in the
name of money? This type of ignorance destroys people. And it
also destroys Nations, and
history has confirmed this
time and time again. Wake up,
you're dying, you're killing, you're losing, wake up!
Profit - Greed
There is nothing wrong with profit as long as it doesn't
turn into theft
hording, waste or abuse. Profit should be the end result of a process where you were able to produce more
then what you took. If you use a resource, and what you produce from that resource,
actually gives more benefit then the value
of the resource
itself, then that is a profit. The positives are accurately
calculated as being more beneficial then known negatives. And
it is also more beneficial then doing nothing at all with the
is not an accurate
measurement of Output. And if you think that you earned your money, then
just show us the numbers. Income
. Offshore Accounts
- War Profiteering
The Oligarchs -
Al Jazeera Investigations
(youtube) - The web of offshore companies
and international lawyers who are stealing money and moving it around like
a shell game to avoid criminal charges.
Company Formation Agents
Suspicious Activity Report
is a document that financial institutions
must file with the
Financial Crimes Enforcement Network
(FinCEN) following a suspected
incident of money laundering
. These reports are required under
the United States
Bank Secrecy Act
(BSA) of 1970. Front
You say that you deserve more then others, but you
don't have a
. Humans should have the ability to
, but not at other
peoples expense. This type of power
in the wrong
hands always ends with death and destruction. So we don't want to take
away peoples freedom, we just want people to have a license and
accreditation that proves they know how to control the corrupting
influences of money. We don't want an idiot behind the wheel of a car when
they have not yet learned how to drive.Greed is a disease
of the mind just like most
. Greed is not necessary.
Greed is not Human
. Greed is illogical. Greed is a
because it does more harm then good. Greed is not about
Greed is pure ignorance
is a twisted Ego
We need to stop using profit as a reward for stealing
or using money as a reason for stealing
. This behavior is
! It's as if we have minds of children. Our
brains fully developed, but we forgot about the software, we
ignored the most important aspect of having a computer between
our ears, and that is having software that works great and
produces positive results. We have millions of people working on
computer software, but hardly anyone working on
. The value of the resource would be measured by the
most beneficial output that we can get from this resource. So if
you use the resource for something else, then you have to prove
that the process you are planning to do has more benefits then
all other options available. You cannot derive a benefit from
something if the cost and the negatives are more
. Using money to
justify a crime
is insane. You're
more then just
money, your stealing resources, time and potential. Excessive Wealth is
not only bad, it's totally unnecessary. You don't
need to steal more then you need because there's plenty for everybody
excess of revenues
outlays in a given period of time (including depreciation and other
is a quantity
much larger than is needed. Immoderation as a consequence of going beyond
sufficient or permitted limits. More than is needed, desired, or
is excessive desire
to acquire or possess more (especially more material wealth) than one
needs or deserves. Reprehensible acquisitiveness; insatiable desire for
wealth (personified as one of the deadly sins).
is being recklessly wasteful.
is useless or profitless activity; using or
expending or consuming thoughtlessly or carelessly.
Inefficiently or inappropriately.
The trait of wasting resources. Lose vigor and health, become
is the motivation of firms that operate so as to
maximize their profits.
is the short run or long run process by which a
firm determines the price and output level that returns the greatest
does not always mean that you are doing more or
accomplishing more. There's a big difference between being
and being Wasteful and Abusive. Productive can be
, wasteful could never be Sustainable.
Executive Order 6102
forbidding the Hoarding of gold coin, gold bullion, and gold certificates
within the continental United States". (April 5, 1933, by President
Franklin D. Roosevelt).
is a pattern of behavior that is characterized by excessive
acquisition and an inability or unwillingness to discard large quantities
of objects that can cause significant distress or impairment.
behavior has been associated with health risks, impaired
functioning, economic burden, and adverse effects on friends and family
members. When clinically significant enough to impair functioning,
hoarding can prevent typical uses of space, enough so that it can limit
activities. Compulsive hoarders may be aware of their
, but the
emotional attachment to the hoarded objects far exceeds the motive to
discard the items.
, but the problem is that some people believe
they deserve more then others. This goes way beyond
, this is a
of the Mind
If we consume
more then we make, then profit is a lie and shareholders is a lie.
Profit and shareholders are words that rich
scumbags use to replace the word theft.
Profit at whose expense?
Pay shareholders at whose expense? That's theft, that is stealing, and you
can't pretend otherwise. You're lying to yourself and you're lying to
everyone else. That is like saying that a hired killer has the right to
commit murder just because they were paid a fee.
Working to Provide Public Service
Mostly all profit
is nothing more then
. So it's time for people of this earth to be compensated for
these crimes and the violence committed in the name of profit and money.
Profit is like saying that murder is just helping people sleep for a
long time. Profit is like saying that slavery is helping people work
and have jobs, minus human rights and freedoms
describes the way people choose between probabilistic
alternatives that involve risk, where the probabilities of outcomes are
known. The theory states that people make decisions based on the potential
value of losses and gains rather than the final outcome, and that people
evaluate these losses and gains using certain heuristics, which are are
mental shortcuts that usually involve focusing on one aspect of a complex
problem and ignoring others
There is hardly
any companies in the world that truly understands what
is. Corporations and Governments
steal and murder and then they point the finger at someone else.
"We don't have a system that
shares the wealth, we have a system where people are allowed to
steal the wealth."
Saying that there's no money in
it is a false statement
. It's just that people don't care, and
the people who do care, have no support to do what is needed.
The current system is flawed.It's not how much money you
make in your life, it's how much you do with your life
. Did your
life benefit people? Did the actions in your life improve life
for others? Did you make things better? Or did you make things
worse? To measure a persons true value you have to measure them
by their actions and the results from those actions. You can't
use money to measure a persons value because it does not explain
all the details of that transaction. Do the
, do the
Calculate True Value
Company Founder is paying a new Maximum Wage, 70,000 a Year
Equal pay for the 99%
People who take more, sometimes give more
, which is not
giving, it's just feeling guilty because you have taken more
then you needed, and now you want to give some back. And people
call that generosity?
"Not taking more then you need is the purest form of giving."
"Everything changes hands sooner or later, but you don't want
things to fall into the wrong hands."
A License to Spend Freely
The main problem with money is how money is used. We need a way to
that says that your money is clean and was not
earned by hurting people, or by hurting the water, food, air or
soil. And also that you are spending money wisely so as not to
cause damage to yourself, or to others, or to the water, food,
air or soil. This way businesses and people can easily
discriminate against as*holes, or people who have no conscience,
respect, or just lack certain knowledge. Of course it would have
to be voluntary, but I assume that many people would want be
certified, just out of respect.
Rating System for Food
Everyone knows that you don't need to be a millionaire in order
to be happy. Everyone knows that you don't need a lot to
be happy. The less you have to worry about the better off you
our lives is how we survived for thousands
of years. It's only when people take too much, or complicate
things to much, that's when they set them selves up for a
and failure. You need to have a full understanding of a
life style that can survive any where, no matter what the
conditions. So you see, knowledge becomes the most important
factor when it comes to
. If you had to put everything that you need
to live in a backpack, what would those items be? Like running
out of a burning building, no material object is more important
then your life. But if you did have a couple of minutes to
spare, would that be enough time to figure out what are the most
important items you would take.
Martin scene in the movie The Jerk
. This you should already
know, you need to have a life starting over kit. Or know of
someone who can deliver you a kit when needed. And that's why
our relationships and connections are really our life
line. 99% of us can not survive on our own without some help and
support. So even material objects are not as important as each
other, our problems are not money related, our problems are with
Why does money turn people into robots?
Why does money make people dumb
Paul Piff: Does Money Make you Mean
Sports and Money
Crimes Committed in the name of Money
the world's 85 Richest
have same wealth as 3.5 Billion of the
poorest people. The wealth of the richest one percent of people
in the world now amounts to $110 trillion, or 65 times the total
wealth of the bottom half of the world's population
Half the worlds wealth is controlled by only
2% of the worlds population. That's
leaving over 6 billion people having to share only half of the
worlds wealth, with over a billion of those 6 billion people
having no share at all and living in total poverty. Capitalism
is not the problem,
the problem is corruption
that turns into
garnering financial system is corrupted, it's manipulative
, it's abusive, and it's a crime against
humanity. The love of Money is a disease that is responsible for the
deaths of thousands of people everyday, and it's the cause of
suffering for 100's of millions people. Money is also the main
cause for the degradation and the poisoning of our planet. But
money is not the problem, the problem is an inadequate education. It's time to educate people
and make changes on how our money is used and distributed. Money
was only supposed to be a tool to make
easier. So what happened? When did it all go wrong?
It's when we forgot about how extremely important
and the criminals in power knew this, they knew that
are the easiest to fool
is when a specific person or enterprise exclusively controls the supply of
a particular commodity in a way that it hinders innovation
and advances by
from small businesses. Monopolies can also charge
people more money for products even though there are better alternatives
for less money. Espionage
a few entities dominating an industry, which has the same negative effects
as a monopoly. Oligarchy
of two or more corporations
engaged in entirely different businesses that fall under one corporate
group, usually involving a parent company and many subsidiaries. Often, a
conglomerate is a multi-industry company. Conglomerates are often large
is a company
that owns numerous companies
involved in mass media enterprises, such
as television, radio, publishing, motion pictures, theme parks, or the
Internet. Media conglomerates strive for policies that facilitate their
control of the markets around the world.
Consolidation in business
is the merger and acquisition of many
smaller companies into a few much larger ones. In the context of financial
accounting, consolidation refers to the aggregation of financial
statements of a group company as consolidated financial statements. The
taxation term of consolidation refers to the treatment of a group of
companies and other entities as one entity for tax purposes.
agreement between two or more parties, sometimes illegal and therefore
, to limit open competition by
deceiving, misleading, or defrauding others of their legal rights, or to
obtain an objective forbidden by law typically by
or gaining an unfair market
advantage. It is an agreement among firms or individuals to divide a
market, set prices, limit production or limit opportunities. It can
involve "wage fixing, kickbacks, or misrepresenting the independence of
the relationship between the colluding parties". In legal terms, all acts
effected by collusion are considered void.
Breaking up Monopolies doesn't
work, you have to stop corruption and stop criminals from exploiting
Scott Galloway Says Amazon, Apple, Facebook, And Google should be broken
(youtube)It is illegal to change
your name to escape a criminal past.
You will have to certify that
you have not been convicted of a felony. Often, you will have to certify
that you have not been convicted of a
. But even if you have a criminal record, you still may be able
to change your name, but the process is more complex and will take longer.
You must certify to the court that you have no criminal record or no
record of a felony conviction. If you do, you can still petition for the
name change, but the clerk will run a thorough background check, which
involves additional time and expense. In some states, like Minnesota, you
must serve a copy of the petition on the state, federal or local authority
that convicted you. Corporations are getting away with murder.
Mergers - Acquisitions
are transactions in which the
ownership of companies, other business organizations or their operating
units are transferred or combined. As an aspect of strategic management,
M&A can allow enterprises to grow, shrink, change the nature of their
business or competitive position.
is the purchase of one company (the target) by
another (the acquirer, or bidder). In the UK, the term refers to the
acquisition of a public company whose shares are listed on a stock
exchange, in contrast to the acquisition of a private company.
is a type of imperfect competition
such that many producers sell products that are differentiated from one
another (e.g. by branding or quality) and hence are not perfect
Corporations are not always the true source of all
the crimes and corruption being committed by corporations. Most
corporations are just conforming
the ignorance that has been passed down to them by
. Criminals have
exploited capitalism for over a hundred years, only because they were able
to use the money and wealth they've stolen to manipulate people and to
manipulate the system, like a self feeding cancer. This century will see
the end of these abuses and criminal acts. "Workers and people of the
world will finally unite." It all came down to people being more aware and
more informed. Allegory of the Cave
will disappear and the great
seeks to maintain market competition by regulating
conduct by companies. Competition law is implemented
through public and private enforcement.
are business, government or religious
practices that prevent or reduce competition in a market.
is a collection of federal and state government
that regulates the conduct and organization of business corporations,
generally to promote fair
for the benefit of consumers. The concept is called
in other English-speaking
countries. The main statutes are the Sherman Act of 1890, the Clayton Act
of 1914 and the Federal Trade Commission Act of 1914. These Acts, first,
restrict the formation of cartels and prohibit other
regarded as being in
restraint of trade. Second, they restrict the mergers and acquisitions of
organizations that could substantially lessen competition. Third, they
prohibit the creation of a monopoly
and the abuse
of monopoly power. The Federal Trade Commission, the U.S. Department of
Justice, state governments and private parties who are sufficiently
affected may all bring actions in the courts to enforce the antitrust
laws. The scope of antitrust laws, and the degree to which they should
interfere in an enterprise's freedom to conduct business, or to protect
smaller businesses, communities and consumers, are strongly debated. One
view, mostly closely associated with the "Chicago School of economics"
suggests that antitrust laws should focus solely on the benefits to
consumers and overall efficiency, while a broad range of legal and
economic theory sees the role of antitrust laws as also controlling
economic power in the public interest.
is when a company sells a product in
a competitive market at a loss. Though the company loses money for each
sale, the company hopes to force other competitors out of the market,
after which the company would be free to raise prices for a greater
profit. Exclusive dealing
, where a retailer
or wholesaler is obliged by contract to only purchase from the contracted
supplier. Refusal to deal
, e.g., two
companies agree not to use a certain vendor.
, an agreement by two companies to stay out of
each other's way and reduce competition in the agreed-upon territories.
, where the price is set by a
monopolist at a level intended to discourage entry into a market. (Ex.
, where products that
aren't naturally related must be purchased together.
Resale price maintenance
, where resellers
are not allowed to set prices independently.
Religious - minority group doctrine
, where businesses must apply
tribute to a significant (normally religious) part of the community in
order to engage in trade with that community. (A business that does not
comply will be 50% worse off than the competitor if they do not comply
with the tribute demanded by just 20% of the community).
Barriers to Entry
is a cost that must be incurred by a new entrant
into a market that incumbents do not have or have not had to incur.
Because barriers to entry protect incumbent firms and restrict competition
in a market, they can contribute to distortionary prices and are therefore
most important when discussing antitrust policy. Barriers to entry often
cause or aid the existence of monopolies or give companies market
is defined as a legal contract between a buyer and a seller of a
business, or between an employer and employee, that prevents the seller or
employee from engaging in a similar business
within a specified
geographical area and within a specified period.
referring to when a seller spikes the prices of
goods, services or commodities to a level much higher than is considered
reasonable or fair, and is considered exploitative, potentially to an
unethical extent. Usually this event occurs after a demand or supply
shock: common examples include price increases of basic necessities after
hurricanes or other natural disasters.
Medicine Price Gouging
or Law of the Maximum, was a law that set price
limits, deterred price gouging, and allowed for the continued flow of food
where companies collude to set prices,
effectively dismantling the free market. An agreement between participants on the
same side in a market to buy or sell a product, service, or commodity only
at a fixed price, or maintain the market conditions such that the price is
maintained at a given level by controlling supply and demand.
Supply and Demand
is another word for theft and
is the practice of taking advantage of a price difference between two or
are ways that criminals exploit a system or
circumvent Laws to steal money. It's an ambiguity or inadequacy in a
system, such as a law or security, which can be used to circumvent or
otherwise avoid the purpose, implied or explicitly stated, of the system.
Loopholes are searched for and used strategically in a variety of
circumstances, including taxes, elections, politics, the criminal justice
system, or in breaches of security, or a response to one's civil
is the temporary suspension or permanent termination
of employment of an employee or, more commonly, a group of employees
(collective layoff) for business reasons, such as personnel management or
downsizing an organization.
- ExtortionIt's not so bad that people become extremely wealthy,
people become wealthy for doing good things, what's the most damaging
thing is, what rich people do with their money
It's bad enough knowing that some peoples work causes more harm then good,
but if you cause even more harm and even more damage with the money you
made from the original damage, then that is just total disregard for life.
The gift of life that you received is not supposed to be used as a weapon
against life itself, yet here we are. WTF is happening?
The False Utopia is
, a flawed system that is too
easily corrupted, abused and misunderstood, it's a Dead End,
that in the end, you realize that there was never
anything under any of the shells, it was all an
of reality, a system of control and a
, which pays returns to its investors from new
capital paid to the operators by new investors, rather than from profit
earned through legitimate sources.
is a game of elimination involving players, chairs, and
music, with one fewer chair than players. When the music stops whichever
player fails to land on a chair is eliminated, with a chair then being
removed and the process repeated until only one player remains. It is also
Right now I'm at the bottom of a
called Capitalism, at least I'm not alone.
Joe Rogan's Pro Capitalism Lie Exposed By Yanis Varoufakis and Joseph
(youtube) Almost every important
came from public
funded research projects. People make improvements, not money. Besides
that, there is no separation between the
because they feed off each other. There is no separation between the
state and religion
are people no matter where you are. The only difference is the processes
used and the kind of controls that you have over those processes. To say
that the Government can do a better job or that a private company can do a
better job is just wrong and illogical. You first have to define the job
and then define the people who will be responsible for that job. Ignorance
and corruption is everywhere. So there is no guarantee things will be done
effectively or efficiently unless citizens
start taking responsibility for their lives and this planet, instead of
just sitting around waiting for the sh*t to hit the fan. It would be a lot
better for everyone if more people took a moment of each day just to
verify and to understand our situation. We cannot simply
, because we
tried that already for hundreds of years, it doesn't work, people die,
people suffer, people get abused, and water, air, land and food get
poisoned. I wouldn't say that Capitalism failed, what failed is our
schools and our news outlets. But you don't know that schools and the
media is under serving people, because schools and the media are the ones
who convinced you they did not make you blind, so it must be your fault.
But it's not your fault. But it will be your fault soon if you don't start
educating yourself. And one of the first things you need to learn is not
to use Labels
things, instead of
explaining things better so that people can fully understand what you are
is a promise of payments or services for
enrolling others into the scheme, rather than supplying investments or
sale of products or services. As recruiting multiplies, recruiting becomes
quickly impossible, and most members are unable to profit; as such,
pyramid schemes are unsustainable and often illegal.
is a business model that recruits members via a promise
of payments or services for enrolling others into the scheme, rather than
supplying investments or sale of products or services. As recruiting
multiplies, recruiting becomes quickly impossible, and most members are
unable to profit; as such, pyramid schemes are unsustainable and often
illegal. Multi Level Marketing
is a Fraudulent
investment operation where the operator, an individual or organization,
pays returns to its investors from new capital paid to the operators by
new investors, rather than from profit earned through legitimate sources.
Operators of Ponzi schemes usually entice new investors by offering higher
returns than other investments, in the form of short-term returns that are
either abnormally high or unusually consistent.
MMM Ponzi Scheme
Rob Peter to Pay Paul
is to take something away from one person to pay
another person, leaving the former at a disadvantage. To discharge one
only to incur another.
confidence trick used to perpetrate Fraud
In confidence trick slang, this swindle is referred to as a short-con
because it is quick and easy to pull off.
is something that is a counterfeit; not what it seems to be. A person who
makes deceitful pretenses. Make believe with the intent to deceive.
Adopted in order to deceive.
is an attempt to defraud a person or group after
first gaining their confidence, used in the classical sense of trust.
Confidence tricks exploit characteristics of the human psyche such as
dishonesty, honesty, vanity, compassion, credulity, irresponsibility,
naïveté and greed. (confidence game, confidence scheme, ripoff,
is a person practicing quackery or some similar confidence
trick in order to obtain money, fame or other advantages via some form of
pretense or deception."The first principle is that you must not fool yourself -- and you are the easiest person to fool." (Richard Feynman)
is a legal fiction describing a situation where a
person or entity gained an unfair advantage over another by deceitful or
unfair methods. Intent does not need to be shown as in the case of actual
or Laissez Unfair?
is a policy or attitude of letting things take their own course, without
interfering. Abstention by governments from interfering in the workings of
the free market, but how can you prove you're not involved?
aim to overthrow governments and
replace them with nationalist or fascist-oriented governments
Even relationships based on a criminal activity can be
. They don't need to be totally ended, unless of
course someone refuses to except better
, then those
may be a lot harder to keep going. But never end a relationship
on a sour note, always reassure the other person that you are
not going to burn the bridge, and that you will always be
willing to seek
. Not agreeing with each other doesn't mean that we
have to stop
with each other. People change, the world
changes, and the better we adjust to these changes the better
our lives will be.
Income inequality in the U.S. by state, metropolitan area, and
"Just because the distribution of money
is unequal, this doesn't mean that you don't have the power to
"Everyone could live a good life without
having to force other people to suffer because of it, or have
future generations pay for it with their lives. A good life
means good for everyone, and not just you."
"There's a lot of
things that we can do better and improve. But our gift of
intelligence is being under utilized by inadequate schooling and
an ineffective curriculum. Our intelligence is also being
marginalized by the misconception that education only happens in
schools, which it doesn't. Knowledge and Information is more
then just a right, it's what people need to know what is right.
We need to stop being fools and improve education, as well as
our ability to properly inform the public."
On this page there's Hundreds of Crimes that are Committed in
the name of Money
by Corporations, Politicians, Banks, and
People in Power, crimes that go unpunished because criminals own
the justice system, crimes that you don't hear about in the news
because the criminals own the media, crimes that you never learn
how to stop because the criminals own the Education System.
is being of the property-owning class and exploitive of
. Conforming to the standards and conventions of the middle
class of or characteristic of the middle class, typically with
reference to its perceived materialistic values or conventional
attitudes. A capitalist who engages in industrial commercial
A Modest Proposal
suggests that the impoverished Irish might
ease their economic troubles by selling their children as food for rich
gentlemen and ladies.
is the notion that species can revert into more
"primitive" forms over time.
"Give me control over a nations currency, and I care not who makes its laws"
is a category of transnational, national, or local groupings of highly
centralized enterprises run by criminals who intend to engage in illegal
activity, most commonly for money and profit. Some criminal organizations,
such as terrorist group
politically motivated. Sometimes criminal organizations force people to do
business with them, such as when a gang extorts money from shopkeepers for
so-called "protection". Gangs may become disciplined enough to be
considered organized. A criminal organization or gang can also be referred
to as a mafia, mob, or crime syndicate; the network, subculture and
community of criminals may be referred to as the underworld.
is a service that is fraudulently offered to solve a problem, such as for
a problem that does not actually exist, that will not be put into effect,
or that would not otherwise exist if the racket did not exist.
is an agreement between competing firms to
control prices or exclude entry of a new competitor in a market. It is a
formal organization of sellers or buyers that agree to fix selling prices,
purchase prices, or reduce production using a variety of tactics.
is a self-organizing group of individuals,
companies, corporations or entities formed to transact some specific
business, to pursue or promote a shared interest. A self-coordinating
group. A similar group of gangsters engaged in organized crime. A chain of
newspapers, or an agency that distributes features to multiple newspapers.
The office or jurisdiction of a syndic; a council or body of syndics.
is a group of
friends or members of a family with a defined leadership and internal
organization that identifies with or claims control over territory in a
community and engages, either individually or collectively, in illegal,
and possibly violent, behavior.
criminal offense of obtaining money, property, or services from an
institution, through coercion
. It is
sometimes euphemistically referred to as a "protection racket" since the
racketeers often phrase their demands as payment for "protection" from
(real or hypothetical) threats from unspecified other parties. Extortion
is commonly practiced by organized crime groups. The actual obtainment of
money or property is not required to commit the offense. Making a threat
of violence which refers to a requirement of a payment of money or
property to halt future violence is sufficient to commit the offense.
Exaction refers not only to extortion or the demanding and obtaining of
something through force, but additionally, in its formal definition, means
the infliction of something such as pain and suffering or making somebody
endure something unpleasant.Shakedown
is a criminal act of coercion
gain. Shakedown also a colloquial term for an inspection for contraband
inside a prison
is the indiscriminate taking of goods by force. Also
referred to as sacking, ransacking, plundering, despoiling, despoliation,
arise when business cronyism and related
businesses or businesspeople spills over into politics and government, or
when self-serving friendships
and family ties between businessmen and the
government influence the economy and society to the extent that it
corrupts public-serving economic and political ideals.
is when groups seek to
control a social system or activity from which they derive private benefit
at other peoples expense.
is an economic system based on private ownership
(structure) - Corporate Titles
is a person in charge of a criminal organization.
is the elected head of state and head of government, but
only corporations have presidents?
United States is a Corporation
And Whereas: On February 21, 1871, the Forty First Congress
passed an act entitled "An Act to Provide a Government for the
District of Columbia
," legislating the organization of a municipal
corporation to run the day to day affairs of the District of Columbia, the
seat of government, which transferred the United States.
Foust - The District of Columbia Act of 1871
Republic of the United
is against the fraud, abuse and theft perpetrated by a
for-profit corporate entity known as the UNITED STATES Government. This
entity has been posing as the lawful government for nearly 150 years
unawares to most Americans.
which a government is considered to be a corporate entity.
Voluntary Servitude by Deception
currency is debt trap and a power grab
, keep the power local
the decisions local and the money local.
refers to crimes committed either by a corporation
(i.e., a business entity having a separate legal personality from the
natural persons that manage its activities), or by individuals acting on
behalf of a corporation or other business entity.
(video and interactive text)
is an anonymous company or anonymous
"People are living
in a state of Confusion."
The System is Rigged just like the
Machines are Rigged. | Observatory #8
Gaming the System
refers to as gaming the rules, bending the rules, abusing the
system, cheating the system, milking the system, playing the system, or
working the system) can be defined as using the rules and procedures meant
to protect a system in order, instead, to manipulate the system for a
Savio: The Operation of the Machine
Empire Files: The Tyranny of Big Oil
(youtube 28:25 mins.)
Son of a Snake Oil Salesman.
Racism and Capitalism Syllabus
When 90% of the people in charge of
protecting people work for criminals
, you will never have true
leads an organization charged with
examining the actions of a government agency, military organization, or
military contractor as a general auditor of their operations to ensure
they are operating in compliance with generally established policies of
the government, to audit the effectiveness of security procedures, or to
discover the possibility of misconduct, waste, fraud, theft, or certain
types of criminal activity by individuals or groups related to the
agency's operation, usually involving some misuse of the organization's
funds or credit. Bogus Lawsuits
division of a
law enforcement agency
that investigates incidents and possible
suspicions of law-breaking and professional
misconduct attributed to
officers on the force
. Internal affairs can also refer to cases of
misconduct and criminal behavior involving police officers.
is the main legal advisor
government, and in some jurisdictions they may also have executive
responsibility for law enforcement, prosecutions or even responsibility
for legal affairs generally.
or National Security Agency, is an intelligence organization
responsible for global monitoring, collection, and processing of
information and data for foreign intelligence and counterintelligence
purposes, a discipline known as signals intelligence (SIGINT).
of the NSA
United States House Permanent Select Committee on Intelligence
committee of the United States House of Representatives. It is the primary
committee in the U.S. House of Representatives charged with the oversight
of the United States Intelligence Community, though it does share some
jurisdiction with other committees in the House, including the Armed
Services Committee for some matters dealing with the Department of Defense
and the various branches of the U.S. military.
is a term for "the national effort to
ensure a homeland that is safe, secure, and resilient against
and other hazards where
American interests, aspirations, and ways of life can thrive to the
national effort to prevent terrorist attacks within the United States,
reduce the vulnerability of the U.S. to terrorism, and minimize the damage
from attacks that do occur.
is responsible for the collection, analysis, and exploitation
of information and intelligence in support of law enforcement, national
security, military, and foreign policy objectives. Provision of analysis in areas relevant to national security;
Give early warning of impending crises; Serve national and international
crisis management by helping to discern the intentions of current or
potential opponents; Inform national defense planning and military
operations; Protect sensitive information secrets, both of their own
sources and activities, and those of other state agencies; May act
covertly to influence the outcome of events in favor of national
interests, or influence international security; and Defense against the
efforts of other national intelligence agencies (counter-intelligence).
Special Operations Command
is the Unified Combatant Command charged with overseeing the various
Special Operations Component Commands of the Army, Marine Corps, Navy, and
Air Force of the United States Armed Forces. The command is part of the
Department of Defense and is the only Unified Combatant Command legislated
into being by the U.S. Congress. USSOCOM is headquartered at MacDill Air
Force Base in Tampa, Florida.
Joint Special Operations Command
is charged to study special operations requirements and techniques to
ensure interoperability and equipment standardization; plan and conduct
special operations exercises and training; develop joint special
operations tactics; and execute special operations missions worldwide.
or the Office of Strategic Services, was a wartime intelligence
agency of the United States during World War II, and a predecessor of the
modern Central Intelligence Agency (CIA).
Intelligence Agency, is a civilian foreign intelligence service of the
United States federal government, tasked with gathering, processing and
analyzing national security information from around the world, primarily
through the use of human intelligence (HUMINT). As one of the principal
members of the U.S. Intelligence Community (IC), the CIA reports to the
Director of National Intelligence and is primarily focused on providing
intelligence for the President and Cabinet. Drug
Human Intelligence in intelligence gathering
is intelligence gathered
by means of interpersonal contact, as opposed to the more technical
intelligence gathering disciplines such as signals intelligence (SIGINT),
imagery intelligence (IMINT) and measurement and signature intelligence (MASINT).
refers to information gathered and activities
conducted to protect against espionage
other intelligence activities, sabotage, or assassinations conducted for
or on behalf of foreign powers, organizations or persons or international
terrorist activities, but not including personnel, physical, document or
communications security programs.
or the Federal Bureau of Investigation, is the domestic intelligence
and security service of the United States, which simultaneously serves as
the nation's prime federal law enforcement agency. Operating under the
jurisdiction of the U.S. Department of Justice, the FBI is concurrently a
member of the U.S. Intelligence Community and reports to both the Attorney
General and the Director of National Intelligence. A leading U.S.
counterterrorism, counterintelligence, and criminal investigative
organization, the FBI has jurisdiction over violations of more than 200
categories of federal crimes.
is a federal law enforcement agency under the U.S.
Department of Homeland Security. Until 2003, the Service was part of the
U.S. Department of the Treasury because the organization's first mission
was to fight counterfeiting of U.S. currency. The U.S. Secret Service has
two distinct areas of responsibility: Financial Crimes, covering missions
such as prevention and investigation of counterfeit U.S. currency, U.S.
treasury securities, and investigation of major fraud. Protection, which
entails ensuring the safety of current and former national leaders and
their families, such as the President, past Presidents, Vice Presidents,
presidential candidates, visiting heads of state, and foreign embassies.
The Secret Service's initial responsibility was to investigate
counterfeiting of U.S. currency, which was rampant following the U.S.
Civil War. The agency then evolved into the United States' first domestic
intelligence and counterintelligence agency. Many of the agency's missions
were later taken over by subsequent agencies such as the Federal Bureau of
Investigation (FBI), Bureau of Alcohol, Tobacco, Firearms and Explosives
(ATF), and IRS Criminal Investigation Division (IRS).
National Clandestine Service, is one of the smallest components of the US
Central Intelligence Agency. Directorate of Operation.
Defense Clandestine Service
is an arm of the Defense Intelligence
Agency (DIA), which conducts clandestine
around the world to answer national-level defense
objectives for senior U.S. policymakers and military leaders.
Defense Intelligence Agency
is an external intelligence service of the
United States specializing in defense and military intelligence. A
component of the Department of Defense (DoD) and the United States
Intelligence Community (IC), DIA informs national civilian and defense
policymakers about the military intentions and capabilities of foreign
governments and non-state actors.
Secretary of Defense
Obstruction of Justice
Quotes and sayings about Money
"Don't go away mad, just go away"
"I don't hate money or capitalism, or am I bothered by how much
money some people have. What bothers me is what people do with their money. They damage
themselves, they damage and kill other people, and
they damage our environment. Money and Capitalism is not the
problem, ignorance is the problem, and what ignorant people do at everyone's else's expense."
"People are not evil, people just don't know enough in order to
know what is right and what is good."
"If you want to know what God thinks of money, just look at the people God gave it to."
"No heaven for you, you will be reincarnated over and over again as a child who will be abused
their entire life and then starve to death at the age of 5. And
the only time that you will not be reincarnated as an abused
child, is when civilization solves this problem of abuse. So if
you help us now, we can then end your never ending misery that
you have brought upon on yourself."
"The money system creates to much Scheming and not enough Dreaming.
Scheming, or Scamming, is narrow minded and selfish, which
wastes time, people and resources. Dreaming is open minded and
giving, which sparks innovation and progress."
"Many people are so poor because the only
thing they have is money."
is thought to mean money or material wealth and is
associated with the greedy pursuit of gain.
"You cannot serve both God and mammon"
Films About Money
Currency - Hidden Secrets Of Money Ep 1 - Mike Maloney
The Monetary System
Connecting the Dots
Are Bankers' Wars
Avenue - Money, Power and the American Dream
Richard Wilkinson: How Economic
Inequality Harms Societies
Change: VPRO Backlight 2010)
The Money Masters
30 For 30 - Broke
Money as Debt 3 - The
Rothschild mafia (Paul Grignon)
Ethos: A Time for Change (2012)
97% Owned - Monetary Reform
Lines : History of an Occupation
(youtube) - Profit
Money and Work
Resource Based Economy
The Story of Broke (2011)
Short Movie about our National Debt
The Great Awakening
Great Documentary about Debt is Maxed Out
Horsemen - Feature Documentary - Official Version
09/10/2012 | 1 hr. 38 min. (youtube)
In Debt We Trust
(amazon)Documentaries about the Abuse of Power
Stated Income Loan
William Black former bank regulator explains firsthand how
banking systems commit fraud — “Liar's Loans”
will eat democracy — unless we speak up
(video and Text)
Published on Apr 15, 2012
Does money make you mean
? Monopoly game experiment UC Berkeley campus
where the game was rigged, like the one we are in now.
Speaks - Myths That Conceal Reality
(youtube) - "Myths That Conceal
Reality." Milton Friedman Speaks. Speech given at Utah State University,
Logan, UT, October 13, 1977. Five myths cloud our
perception of both the past and the present.
(1) The "robber baron"
myth, which holds that in late nineteenth-century America there were
powerful men who became rich at the expense of the poor. The reality is
that they became wealthy by being productive, and that there is no other
period in history which saw such a rapid and widespread improvement in the
well-being of the average individual; (2) The myth that the Great
Depression was caused by a failure of business, when it was, in fact,
produced by a failure of government and specifically by the
Federal Reserve System
; (3) The myth that government
in the economy has expanded in response to public demand, when, actually,
the public has had to be sold "hard" for politicians to enact every major
social program; (4) The "free lunch" myth, which forces the individual to
pay more, no matter how the government raises money - by taxing
individuals, by taxing businesses, or by printing more money; and (5) The
myth that government, like Robin Hood, transfers wealth from the rich to
the poor, when the reality is that the government usually transfers wealth
and income from both the very rich and the very poor to those in the
was an American economist who received the 1976 Nobel
Memorial Prize in Economic Sciences for his research on consumption
analysis, monetary history and theory and the complexity of stabilization
policy. With George Stigler and others, Friedman was among the
intellectual leaders of the second generation of Chicago price theory, a
methodological movement at the University of Chicago's Department of
Economics, Law School and Graduate School of Business from the 1940s
onward. Several students and young professors who were recruited or
mentored by Friedman at Chicago went on to become leading economists,
including Gary Becker, Robert Fogel, Thomas Sowell and Robert Lucas Jr.
(July 31, 1912 – November 16, 2006).
The Zeitgeist Movement (TZM)
was founded in 2008, is a sustainability advocacy group that
operates through a network of regional chapters, project teams,
public events, media expressions and charity operations. TZM's
activism is explicitly based on non-violent methods of
communication with the core focus on educating the public about
the true root sources of many common personal, social and
ecological problems today, coupled with the vast problem solving
and humanity improving potential science and technology has now
enabled, but yet goes unapplied due to barriers inherent in the
current, established social system.
Lecture - Where Are We Now? 1/8
(youtube, Uploaded on Oct 14, 2009)
2009 - THE
ZEITGEIST MOVEMENT ORIENTATION PRESENTATION
It is a
public domain work, in a simple slide show style, intended to give a more
specific overview of the tenets of The Movement.
- Human Rights
- Civil Rights
Century of Enslavement: The History of The Federal Reserve
- Corbett Report
Brief History - Timeline of Money
"The bank hath benefit of interest on all
which it creates out of nothing" -
Fractional Reserve Banking
(money from nothing) -
History of Money
Bank of England
American Revolutionary War
conflict between Great Britain and thirteen
of its North American colonies who wanted there own
. August 2, 1776 that the
Declaration of independence
was first signed.
Debt, A Great Invention
(youtube) - “I believe that banking institutions are more dangerous to our
liberties than standing armies.” –Thomas Jefferson
President vetoed Central Bank. -
First Oil Well
American Civil War
the United States
District of Columbia Organic Act of 1871
- America's Government
becomes a Corporation
Panic of 1873
was a financial crisis that triggered a depression in
Europe and North America lasted from 1873-1879.
First Light Bulb
1892: First Oil Tankers
1893: Car running on nothing but peanut oil. August 10th declared
International Biodiesel Day
are being driven out of business by the oil monopoly
Education Takeover Timeline
(follow the money, the Money Trail).
Federal Reserve Act
History of the Federal Reserve System
Board of Governors
- Federal Reserve is America's
4th Central Bank.
The Corporate Takeover of the Money Supply
Timeline of Modern History
(follow the money).
Prohibition in the United States
(Killed Alternate Fuels and
Electric Cars and gave rise to Oil Monopoly) -
Council on Foreign Relations
(follow the money).
Federal Open Market Committee
. Treasury of the
United States goes ‘Bankrupt
becomes Chancellor of Germany.-
1934: Dictatorships begin in
1935: United States Marine Corps Major
General Smedley Butler
business interests commercially benefited and
profited from wars
they are incentivized to start wars and
countries and even in America. The U.S. Military is being used as a pawn
to further Corporate Interests, and not the interests of American
General Motors Streetcar Conspiracy
1941: Operation Reinhard commences the main phase of
. - USA joins
World War II
(follow the money).
- Corporate Takeover of Food
(follow the money).
Dwight D Eisenhower
: "The disastrous
rise of misplaced power exists, and will persist."
Assassination of John F. Kennedy
Assassination of Robert F. Kennedy
Martin Luther King Jr.
1969: Average Cost of new house $15,550.00 -
Average Monthly Rent $135.00 - Gas per Gallon 35 cents.
Started ill-conceived drug war
(Follow the Money. The first warning sign was in 1961,
and even years before that).
- Political Corruption
, to name a few.
We need 2 Systems of Money
(State Run Banks - Government Run
Banks) Non-Fractional, Reality Based Banking.
We need 2 Types of Currency
(Regular Bank Notes - Bitcoin
Type of Currency) No Inflation, Just Adaptation.
We need Alternate
Systems of Trade
Value instead of Price
And the most important, We need to fully educate every child on
earth about money.
Intelligence = No Corruption, No Waste.
Before Humans TimelineHistory of
needs to paint a particular picture, cover a
particular subject, so that it gives you an understanding of a
particular process of change, and what influenced those changes.
Show a trend, tell a story, give an accurate interpretation.
- Syndromes of Corruption
that manages a
state's currency, money supply
, and interest rates.
Central banks also usually oversee the commercial banking system of their
respective countries. In contrast to a commercial bank, a central bank
possesses a monopoly
on increasing the monetary
base in the state, and usually also prints the national currency, which
usually serves as the state's legal tender
banks also act as a "lender of last resort
to the banking sector during times of financial crisis. Most central banks
usually also have supervisory and regulatory powers to ensure the solvency
of member institutions, prevent bank runs, and prevent
reckless or fraudulent behavior
by member banks. Central banks in most
developed nations are institutionally designed to
be independent from political interference
. Still, limited control
by the executive and legislative bodies usually exists.
is an institution
services such as accepting deposits, providing business loans, and
offering basic investment products. The main function of a commercial bank
is to accept deposit from the public for the purpose of lending money to
the borrowers. Commercial bank can also refer to a bank, or a division of
a large bank, which more specifically deals with deposit and loan services
provided to corporations or large/middle-sized business - as opposed to
individual members of the public/small business.
Fractional Reserve Banking
- Money Knowledge
provide services as intermediaries of financial markets. Broadly speaking,
there are three major types of financial institutions: Depository
institutions – deposit-taking institutions that accept and manage deposits
and make loans, including banks, building societies, credit unions, trust
companies, and mortgage loan companies; Contractual institutions –
insurance companies and pension funds. Investment institutions –
investment banks, underwriters, brokerage firms.
person or body who offers loans
at extremely high interest rates. The term
usually refers to illegal activity, but may also refer to predatory
lending with extremely high interest rates such as payday or title loans.
is the unfair, deceptive, or fraudulent practices
lenders during the loan origination process.
means making loans to people who may have difficulty maintaining the
repayment schedule, sometimes reflecting setbacks, such as unemployment,
divorce, medical emergencies, etc. (another word for theft
is a process whereby a loan officer takes
information from a borrower and makes a tentative assessment of how much
the lending institution is willing to lend them. (let's see that
word for theft
, same as for
. It's also controlling people with
. Not calculating true
provides services similar to traditional
commercial banks but outside normal financial regulations.
Misallocation of Funds
countries seek to gain a trade advantage over other countries by causing
the exchange rate of their currency to fall in relation to other
currencies. As the exchange rate of a country's currency
become more competitive in other countries, and imports into the country
become more expensive. What is Money
World Bank Projects Leave Trail Of Misery Around Globe
World Bank evicted and Abandoned
Brilliantly Explains how the Banking System and Financial Sector really
is a specific type of asset-based loan financing
through which a borrower receives funds secured by real property. Hard
money loans are typically issued by private investors or companies.
Interest rates are typically higher than conventional commercial or
residential property loans because of the higher risk and shorter duration
of the loan. Most hard money loans are used for projects lasting from a
few months to a few years. Hard money is similar to a bridge loan, which
usually has similar criteria for lending as well as cost to the borrowers.
The primary difference is that a bridge loan often refers to a commercial
property or investment property that may be in transition and does not yet
qualify for traditional financing, whereas hard money often refers to not
only an asset-based loan with a high interest rate, but possibly a
distressed financial situation, such as arrears on the existing mortgage,
or where bankruptcy and foreclosure proceedings are occurring.
is the branch of financial economics
broadly concerned with monetary and macroeconomic interrelations between
two or more countries. International finance examines the dynamics of the
global financial system, international monetary systems, balance of
payments, exchange rates, foreign direct investment, and how these topics
relate to international trade.
is a monetary policy used by central
banks to stimulate the economy. It is usually used when standard monetary
policy has become ineffective. A central bank implements quantitative
easing by buying financial assets from commercial banks and other
financial institutions, thus raising the prices of those financial assets
and lowering their yield, while simultaneously increasing the money
Bank for International Settlements
monetary and financial cooperation and serves as a bank for central banks.
in finance is a share of the profits of an
investment paid to the investment manager in excess of the amount that the
manager contributes to the partnership, specifically in alternative
investments i.e., private equity and hedge funds. It is a performance fee
rewarding the manager for enhancing performance.
"The Secret Of Oz
" is the Truth Behind The Modern Financial System, And
The Money-Political Complex.
"If the American people ever allow private banks to control the
issue of their currency, first by inflation, then by deflation,
the banks and corporations that will grow up around them will
deprive the people of all property until their children wake up
homeless on the continent their Fathers conquered...I believe
that banking institutions are more dangerous to our liberties
than standing armies... The issuing power should be taken from
the banks and restored to the people, to whom it properly
Banks borrow money from the public, and
then they loan it back to you for a fee, and it's not even a real loan,
purchasing securities. And when the loan shows up in your
account, that doesn't mean that money was transferred, only the numbers.
Is America's God named Money
is a 0.7-mile-long (1.1 km) street running eight
blocks, roughly northwest to southeast, from Broadway to South Street on
the East River in the Financial District of Lower Manhattan, New York
City. The term has become a metonym
the financial markets of the United States as a whole, the American
financial sector (even if financial firms are not physically located
there), or New York-based financial interests.
is the aggregation of buyers and sellers
(a loose network of economic transactions, not a physical facility or
discrete entity) of stocks (also called shares); these may include
securities listed on a stock exchange as well as those only traded
is an exchange where stock brokers and traders can buy
and sell shares of stock, bonds, and other securities. Stock exchanges may
also provide facilities for issue and redemption of securities and other
financial instruments and capital events including the payment of income
d on a stock exchange include stock issued
by listed companies, unit trusts, derivatives, pooled investment products
and bonds. Stock exchanges often function as "continuous auction" markets
with buyers and sellers consummating transactions at a central location
such as the floor of the exchange.
is a non-physical asset whose
is derived from a contractual claim, such as bank deposits,
bonds, and stocks. Financial assets are usually more liquid than other
tangible assets, such as commodities
estate, and may be traded on financial markets.The S&P
measures the value of stocks of the 500 largest corporations by
market capitalization listed on the New York Stock Exchange or
Standard & Poor's
intention is to have a price that provides a quick
look at the stock market and economy. Indeed, the S&P 500 index is the
most popular measure used by financial media and professionals, while the
mainstream media and general public are more familiar with the Dow Jones
Dow Jones Industrial Average
or simply the Dow, is a stock market
index that shows how 30 large, publicly owned companies based in the
United States have traded during a standard trading session in the stock
market. The value of the Dow is not a weighted arithmetic mean and does
not represent its component companies' market capitalization, but rather
the sum of the price of one share of stock for each component company. The
sum is corrected by a factor which changes whenever one of the component
stocks has a stock split or stock dividend, so as to generate a consistent
value for the index. To calculate the DJIA, the sum of the prices of all
30 stocks is divided by a divisor, the Dow Divisor. The divisor is
adjusted in case of stock splits, spinoffs or similar structural changes,
to ensure that such events do not in themselves alter the numerical value
of the DJIA.What causes the stock market
to go up and down?
Prices often move because of supply and demand:
If more investors want to buy a stock than sell it, the price goes up. If
more investors want to sell a stock than buy it, the price goes down. You
buy a stock because you think that it will go up in the future.
is a situation in which the allocation of goods and
services is not efficient. That is, there exists another conceivable
outcome where an individual may be made better-off without making someone
else worse-off. Market failures can be viewed as scenarios where
individuals' pursuit of pure self-interest
results that are not efficient – that can be improved upon from the
societal point of view.
Stock Market Bubble
is when participants drive stock prices above
their value in relation to some system of stock valuation.
is not an accurate
measurement of reality. Fair Trade
is an individual or institution (including a
corporation) that legally owns a share of stock in a public or private
18 U.S. Code § 1955 - Prohibition of illegal gambling businesses
Whoever conducts, finances, manages, supervises, directs, or owns all or
part of an illegal gambling
business shall be fined under this title or imprisoned not more than five
years, or both.Ghosting
is an illegal
practice whereby two or more market makers
to influence and change the price of a stock.
Ghosting is used by corrupt companies to affect stock prices so they can
profit from the price movement. This practice is illegal because market
makers are required by law to act in competition with each other. While
both ghosting and insider trading give particular firms or investors the
ability to profit through illegal mechanisms, they function differently.
With ghosting, a change in market condition is essentially manufactured,
spurred on by the sudden increase of buying or selling of a particular
stock. This causes stock prices to rise or fall in response to the sudden
increase in trade volume but for disingenuous reasons, as no event has
transpired to instigate the change.
is the trading of a public company's stock
or other securities (such as bonds or stock options) by individuals with
access to nonpublic information about the company.
gives those competitive
firms informed of an actual upcoming event an unfair advantage, allowing
them to buy or sell the corresponding stock prior to the new information
being publicly released. The inside information can come from company
employees or any third party that has particular knowledge of the inner
workings of an organization and is barred from using that information for
gain. When ghosting the market, more than one firm may attempt to drive a
buy or sell frenzy. This is often started by buying or selling large
amounts of a particular stock by all parties included in the fraudulent
activity. This sudden increase in activity often sparks similar activities
in other stockholders who are unaware of the collusion. As a result,
prices rise or fall dramatically, corresponding to the buying or selling
took place on May 17, 1792, started the New York Stock &
Exchange Board now called the New York Stock Exchange. This agreement was
signed by 24 stockbrokers outside of 68 Wall Street New York under a
buttonwood tree. The organization drafted its constitution on March 8,
1817, and named itself the "New York Stock & Exchange Board". In 1863,
this name was shortened to its modern form, the "New York Stock Exchange".
Bretton Woods System
monetary management established
the rules for commercial and financial relations among the United States,
Canada, Western Europe, Australia and Japan in the mid-20th century.
is a type of algorithmic trading
characterized by high speeds, high turnover rates, and high order-to-trade
ratios that leverages high-frequency financial data and electronic trading
is a member of a stock or
who trades on the floor of that exchange for his
or her own account. The floor trader must abide by trading rules similar
to those of the exchange specialists who trade on behalf of others. The
term should not be confused with
. Floor traders are occasionally referred to as registered
competitive traders, individual liquidity providers or locals. These
traders are subject to a screening process before they can trade on the
exchange. The people who operate as floor traders are in an open outcry
system that has slowly been replaced by automated trading systems and
computers that work in the same fashion as humans, without the interaction
of people buying and selling stocks.
is the use of models, or algorithms,
to evaluate assets for investment. The process usually consists of
searching vast databases for patterns, such as correlations among liquid
assets or price-movement patterns (trend following or mean reversion). The
resulting strategies may involve high-frequency trading.
2010 Flash Crash
was a United States trillion-dollar stock
market crash on May 6, 2010.
is a "rigged" trade. When buyers and
sellers have access to different information (asymmetric information
traders with better private information about the quality of a product
will selectively participate in trades which benefit them the most (at the
expense of the other trader). A textbook example is Akerlof's market for
is a person or company involved in trading equity securities. Stock
traders may be an agent, hedger, arbitrageur, speculator, stockbroker or
is a kind of stock option. Specifically, it is a barrier
option of the Down and Out type. It is similar to a vanilla contract, but
with two additional features: It has a low vega, meaning that the option
price is much less affected by the implied volatility of the stock market,
and it is highly geared due to the possibility of knockout.
is a derivative in which two counterparties exchange
cash flows of one party's financial instrument for those of the other
party's financial instrument.
is any event in which a market reaches a market
clearing price for an item that is substantially different from the price
that a market would achieve while operating under conditions of perfect
competition and state enforcement of legal contracts and the ownership of
Market information Systems
are information systems used in
gathering, analyzing and disseminating information about prices and other
information relevant to farmers, animal rearers, traders, processors and
others involved in handling agricultural products.
is a market in which people trade financial
securities, commodities, and other fungible items of value at low
transaction costs and at prices that reflect supply and demand. Securities
include stocks and bonds, and commodities include precious metals or
is “marketing on a worldwide scale reconciling or
taking commercial advantage of global operational differences,
similarities and opportunities in order to meet global objectives.
is a market that trades in primary economic sector
rather than manufactured products. Soft commodities are agricultural
products such as wheat, coffee, cocoa and sugar. Hard commodities are
mined, such as gold and oil.
is when Banks
are earning huge
from betting on food prices in unregulated financial markets. This
creates instability and pushes up global food prices, leaving millions
going hungry and facing deeper poverty. In January 2014, after four years
of our campaign, the EU agreed to introduce new rules to prevent hedge
funds and investment banks from driving up food prices.
is the third episode of the thirteenth season of the
American animated television series
is a fund into which a sum of money is added during
an employee's employment years, and from which payments are drawn to
support the person's retirement from work in the form of periodic
is to allocate money (or sometimes another
resource, such as time) in the expectation of some benefit in the future.
is a form of technical analysis that finance
traders use to analyze financial market cycles and forecast market trends
by identifying extremes in investor psychology, highs and lows in prices,
and other collective factors.
Occupy Wall Street
Wall St. Sept. 17, 2011
N.Y.C. General Assembly
Move your Money Out of Nation’s Largest Banks Into Local
Dodd-Frank Wall Street Reform and Consumer Protection Act
into federal law by President Barack Obama on July 21, 2010. Passed as a
response to the financial crisis of 2007–2008, it brought the most
significant changes to financial regulation in the United States since the
regulatory reform that followed the Great Depression. It made changes in
the American financial regulatory environment that affect all federal
financial regulatory agencies and almost every part of the nation's
financial services industry. (Pub.L. 111–203, H.R. 4173, commonly referred
to as Dodd–Frank).
that need to be corrected that are being
Committed by Banks, Corporations and Politicians
Move to Amend
We, the People of the United States of
America, reject the U.S. Supreme Court's Citizens United ruling and other
related cases, and move to amend our Constitution to firmly establish that
money is not speech, and that human beings, not corporations, are persons
entitled to constitutional rights
- Offshore Accounts - Tax EvasionWall Street
is actually not a total waste
. The Computer Network System they
currently use just for money can easily be converted to monitor
things in our world that matter. Wall street could become an
information hub for monitoring our resources and needs in real
time. "Information Street
" The system can monitor food distribution throughout the
world, see water pollution problems, housing shortages, energy
needs, disease and health needs, and any other major problem
that needs addressing.
So instead of wasting time, people and
resources playing with money like an ignorant moron, and
investing only in your own selfish desires that only benefit a
few while millions don't, you can actually use wall-street
computer network system positively and logically, and it will
benefit everyone. The
isn't bad, what's bad are the people who abuse it and
isn't free when people are allowed to skim money
out of a
to benefit only themselves. Any Life Form
that feeds on itself, dies.
defined as using the rules and procedures meant
to protect a system in order, instead, to manipulate the system for a
desired outcome. Also referred to as gaming the rules, bending the rules,
abusing the system, cheating the system, milking the system, playing the
system, or working the system.
Glass Steagall Act
describes four provisions of the U.S.
Banking Act of 1933 that limited securities, activities, and affiliations
within commercial banks and securities firms.
is a type of equity (finance) and one of the
asset classes consisting of equity securities and debt in operating
companies that are not publicly traded on a stock exchange.
is a financial transaction in which a
company is purchased with a combination of equity and debt, such that the
company's cash flow is the collateral used to secure and repay the
borrowed money. The use of debt, which has a lower cost of capital than
equity, serves to reduce the overall cost of financing the acquisition.
This reduced cost of financing allows greater gains to accrue to the
equity, and, as a result, the debt serves as a lever to increase the
returns to the equity.
is the purchase of an asset (a commodity, goods,
or real estate) with the hope that it will become more valuable at a
future date. In finance, speculation is also the practice of engaging in
risky financial transactions in an attempt to profit from short term
fluctuations in the market value of a tradable financial instrument—rather
than attempting to profit from the underlying financial attributes
embodied in the instrument such as capital gains, dividends, or interest.
was a situation that came into existence in
January 2013 whereby a series of previously enacted laws would come into
effect simultaneously, increasing taxes while decreasing spending.
The Limits to Growth
standard accounting practice of using red ink to
denote negative values, especially a net loss.
is the average of interest rates estimated by each of
the leading banks in London that it would be charged were it to borrow
from other banks.
- More Crimes
The Cancer of Modern Society. Not that
Corporations are bad, it's just the ignorant criminals who use corporate
loopholes to exploit the system.
There is many things that are criminally wrong about
, and it's not just their
Offshore Tax Havens
, and their
Grantor Retained Annuity Trust
, Money and
in and out of Trusts, and their
The worse thing is that corporations have been given permission
to bribe US Government Leaders into making
that allows corporations to
dollars from the public. You have criminals making their own
laws. Thanks in part to our corrupt US Supreme Court.
So no matter what
you come up with, whether
World Taxation System
, the problem will never go away.
Corporations will continue to steal billions of dollars at the
expense of the environment and at the expense of every person on
the planet. Citizens should not be forced to
taxes when e-filing
when most corporations don't. And on top of
that, corporations pay themselves incredible bonuses, and not
because they did some amazing job or they worked really hard or
their work was important, it's because we have corrupt laws that allows people to be
thieves, while at the same time lay off millions of workers.
Corporations use our citizens, they use our
, they use our resources, they use our
infrastructure, they use our government, and not for benefit of
the public, but only to benefit themselves. And citizens are
just figuring this out, the money does not trickle down, the
only thing that trickles down is that sick corporate behavior
that poisons the minds of politicians in State Government, our
Local Government, our Military, our Police Force, our Judicial
System and eventually poisons the minds of people in
our own communities, which then causes even more
suffering. We can fix this.
says "We have a responsibility to our
" That's like saying a
has the right to commit
just because that hired Killer is making money from
the murder. I guess the murderer in court could say that "I had a
responsibility to my investor". This is how insane most Corporations are.
refers to crimes committed either by a
corporation (i.e., a business entity having a separate legal personality
from the natural persons that manage its activities), or by individuals
acting on behalf of a corporation or other business entity (see vicarious
liability and corporate liability).
Not understanding the nature or wrongfulness and conduct is called
but Mentally ill?
The International Consortium of
Rich and Powerful people around the world have used
offshore and secret accounts to dodge taxes, sanctions, launder
money and get
sweetheart loans from banks.
Offshore Accounts - Tax Evasion
in economics, occurs when
assets or money rapidly flow out of a country
, due to an event of
economic consequence. Such events could be an increase in taxes on capital
or capital holders or the government of the country defaulting on its debt
that disturbs investors and causes them to lower their valuation of the
assets in that country, or otherwise to lose confidence in its economic
strength. This leads to a disappearance of wealth
and is usually accompanied by a sharp drop in the exchange rate of the
affected country—depreciation in a variable exchange rate regime, or a
forced devaluation in a fixed exchange rate regime. This fall is
particularly damaging when the capital belongs to the people of the
affected country, because not only are the citizens now burdened by the
in the economy and devaluation of their currency
, but probably
also, their assets have lost much of their nominal value. This leads to
dramatic decreases in the purchasing power of the country's assets and
makes it increasingly expensive to import goods and acquire any form of
foreign facilities, e.g. medical facilities.
is a bank
regulated under international banking license
(often called offshore license), which usually prohibits the bank from
establishing any business activities in the jurisdiction of establishment.
Due to less regulation and no transparency
accounts with offshore banks were often used to hide undeclared income
Since the 1980s, jurisdictions that provide financial services to
nonresidents on a big scale, can be referred to as offshore financial
centres. Since OFCs often also levy little or no tax corporate and/or
personal income and offer, they are often referred to as
The Spider's Web:
Britain's Second Empire (Documentary)
are 11.5 million leaked documents that detail financial
and attorney–client information for more than 214,488 offshore entities.
The documents, some dating back to the 1970s, were created by, and taken
from, Panamanian law firm and corporate service provider Mossack Fonseca,
and were leaked in 2015 by an anonymous source. The documents contain
personal financial information about wealthy individuals and public
officials that had previously been kept private. While offshore business
entities are legal, reporters found that some of the Mossack Fonseca shell
corporations were used for illegal purposes, including fraud, tax evasion,
and evading international sanctions. Hording is not the
same thing as Saving
are a set of 13.4 million documents relating to offshore investment,
leaked to the public on 5 November 2017. The documents originate from the
offshore law firm Appleby, the corporate services providers Estera and
Asiaciti Trust, and business registries in 19 tax jurisdictions. They
contain the names of more than 120,000 people and companies. Among those
whose financial affairs are mentioned are Queen Elizabeth II, President of
Colombia Juan Manuel Santos, and U.S. Secretary of Commerce Wilbur Ross.
Facebook, Apple, Microsoft, EBay, Glencore, Uber, Nike, Walmart, Allianz,
Siemens, McDonald's and Yahoo are also among the companies owning offshore
companies according to the papers. According to The Express Tribune,
"Apple, Nike, and Facebook avoided billions of dollars in tax using
is a building located in George Town, Cayman Islands.
Located at 121 South Church Street, the building is the registered office
address for 18,857 corporations, including many major investment funds,
international joint ventures and capital market issuers.
is a company that exists only on paper and has no
office and no employees, but may have a bank account or may hold passive
investments or be the registered owner of assets, such as intellectual
property, or ships. Shell companies may be registered to the address of a
company that provides a service setting up shell companies, and which may
act as the agent for receipt of legal correspondence (such as an
accountant or lawyer). The company may serve as a vehicle for business
transactions without itself having any significant assets or operations.
Sometimes, shell companies are used for tax
, tax avoidance, and money
, or to achieve a specific goal such as anonymity.
Anonymity may be sought to shield personal assets from others, such as a
spouse when a marriage is breaking down, from creditors, from government
authorities, besides others.
is a conventional trust that is formed under the laws of an offshore
jurisdiction. Generally offshore trusts are similar in nature and effect
to their onshore counterparts; they involve a settlor transferring (or
'settling') assets (the 'trust property') on the trustees to manage for
the benefit of a person, class or persons (the 'beneficiaries') or,
occasionally, an abstract purpose. However, a number of offshore
jurisdictions have modified their laws to make their jurisdictions more
attractive to settlors forming offshore structures as trusts.
Liechtenstein, a civil jurisdiction which is sometimes considered to be
offshore, has artificially imported the trust concept from common law
jurisdictions by statute.
is a belief that a secret fund is created for
everyone at birth, and that a procedure exists to "redeem" or reclaim this
fund to pay bills. Tax
is the illegal evasion of taxes by individuals, corporations,
and trusts. Tax evasion often entails taxpayers deliberately
misrepresenting the true state of their affairs to the tax authorities to
reduce their tax liability and includes dishonest tax reporting, such as
declaring less income, profits or gains than the amounts actually earned,
or overstating deductions.
is the legal usage of the tax regime in a single territory
to one's own advantage to reduce the amount of tax that is payable by
means that are within the law. Tax sheltering is very similar, although
unlike tax avoidance tax sheltering is not necessarily legal. Tax havens
are jurisdictions which facilitate reduced taxes.
occurs when a country (or other jurisdiction) shifts its tax
burden (partially) abroad. For example, if residents of country A hold
shares of a company in country B, the government in B might want to levy
an inefficiently high tax on this company's profits since the tax is
partially borne by the shareholders in A. Tax exporting does not
necessarily involve direct taxation of foreign residents. It can also work
through other economic channels, such as price changes.
Why Louisiana Stays
. With all Louisiana's wealth in natural resources and industry,
why are corporations not paying taxes like everyone else. (youtube).
is the act of concealing the transformation of
profits from illegal activities and corruption into ostensibly
"legitimate" assets. The dilemma of illicit activities is accounting for
the origin of the proceeds of such activities without raising the
suspicion of law enforcement agencies. Accordingly, considerable time and
effort is put into devising strategies which enable the safe use of those
proceeds without raising unwanted suspicion. Implementing such strategies
is generally called money laundering. After money has been suitably
laundered or "cleaned", it can be used in the mainstream economy for
accumulation of wealth, such as acquisitions of properties, or otherwise
spent. Law enforcement agencies of many jurisdictions have set up
sophisticated systems in an effort to detect suspicious transactions or
activities, and many have set up international cooperative arrangements to
assist each other in these endeavors.
What is it with you Pirates and your Buried
I thought you would have grown out of that by now.
is an act of robbery or criminal violence with the goal of stealing cargo
and other valuable items or properties.
criminals and others often buried their stolen
fortunes in remote places, intending to return for them later, often with
the use of treasure maps, (or account numbers).
is a person who uses illegal, immoral and unethical
methods to steal
money and steal the
wealth of citizens. Charging illegal tolls and high unfair prices for
goods and services.
Giant Leak of Offshore Financial Records Exposes Global Array of
Crime and Corruption
List of Multinational Corporations
is the part of an economy that is neither taxed, nor
monitored by any form of government.
is employment that is not reported to the
government. The employer or the employee often does so for tax evasion or
to avoid or violate other laws. It is a part of what has been called the
underground economy, or the non-observed economy. (also known as working
under the table, off the books, or cash-in-hand).
is a clandestine market or transaction that has some aspect of
illegality or is characterized by some form of noncompliant behavior with
an institutional set of rules. If the rule defines the set of goods and
services whose production and distribution is prohibited by law,
non-compliance with the rule constitutes a black market trade since the
transaction itself is illegal. Parties engaging in the production or
distribution of prohibited goods and services are members of the illegal
economy. Examples include the drug trade, prostitution (where prohibited),
illegal currency transactions and human trafficking. Violations of the tax
code involving income tax evasion constitutes membership in the unreported
economy. Because tax evasion or participation in a black market activity
is illegal, participants will attempt to hide their behavior from the
government or regulatory authority. Cash usage is the preferred medium of
exchange in illegal transactions since cash usage does not leave a
footprint. Common motives for operating in black markets are to trade
contraband, avoid taxes and regulations, or skirt price controls or
rationing. Typically the totality of such activity is referred to with the
definite article as a complement to the official economies, by market for
such goods and services, e.g. "the black market in bush meat". The black
market is distinct from the grey market
which commodities are distributed through channels that, while legal, are
unofficial, unauthorized, or unintended by the original manufacturer, and
the white market. Black money is the proceeds of an illegal transaction,
on which income and other taxes have not been paid, and which can only be
legitimised by some form of money laundering. Because of the clandestine
nature of the black economy it is not possible to determine its size and
Say on Pay
is a term used for a role in corporate law
whereby a firm's shareholders have the right to vote on the remuneration
income gained through ownership of land and other
is composed of the financial
compensation and other non-financial awards
by an executive from their firm for their service to the organization. It
is typically a mixture of salary, bonuses, shares of or call options on
the company stock, benefits, and perquisites, ideally configured to take
into account government regulations, tax law, the desires of the
organization and the executive, and rewards for performance.
refers to any one of several
methods by which a company, for 'financial accounting' or tax purposes,
depreciates a fixed asset in such a way that the amount of depreciation
taken each year is higher during the earlier years of an asset’s life.
is a form of financial aid or support extended to an
economic sector (or institution, business, or individual) generally with
the aim of promoting economic and social policy.
is the state of being unable to pay the money owed, by a person or
company, on time; those in a state of insolvency are said to be insolvent.
There are two forms: cash-flow insolvency and balance-sheet insolvency.
is a sales enticement that offers a meal at no
cost in order to attract customers and increase revenues from other
(incentives to do something good instead of just rewarding theft).
is a payment made by a corporation to its
shareholders, usually as a distribution of profits
Behind the Brands
, change the way the food companies that
make your favorite brands do business.Monopoly
Motive, and OpportunityBlack's Law Dictionary
Leaks: Tricks of the Trade
Power Abuse Films
Corporations Abuse Films
it self is outdated.
If you see
something, say something
- Whistle Blowers
Dereliction of Duty
is a criminal offense of obtaining money,
property, or services from an institution, through coercion
. It is
sometimes euphemistically referred to as a "protection racket
" since the
racketeers often phrase their demands as payment for "protection" from
(real or hypothetical) threats from unspecified other parties.
a crime, involving unjustified
to make a
gain (commonly money or property) or cause loss to another unless a demand
is met. Coercion involves threats to reveal substantially true or
about a person to the public, a family member, or associates,
or threats of physical harm or criminal prosecution.
to secure unfair or unlawful
gain, or to deprive a victim of a legal right. Fraud itself can be a
is an individual who knowingly buys stolen property
for later resale
, sometimes in a legitimate market. The fence thus acts as
a middleman between thieves and the eventual buyers of stolen goods who
may not be aware that the goods are stolen.
- Price Gouging
is when something is acceptable to one group of
people, but are considered unacceptable—taboo—when applied by another
group. A double standard can therefore be described as a
or morally unfair application
of the principle that all are equal in their freedoms.
False Claims Act
is an American federal law that imposes
on persons and companies (typically federal contractors) who
defraud governmental programs. It is the federal Government's primary
litigation tool in combating fraud against the Government.
Crime of Opportunity
is a crime committed by a
person of respectability and high social status in the course of his
occupation. Typical white-collar crimes include fraud, bribery, Ponzi
schemes, insider trading, labor racketeering, embezzlement, cybercrime,
copyright infringement, money laundering, identity theft, forgery.
is a grant of rights, land or property by a
government, local authority, corporation, individual or other legal
entity. Public services such as water supply may be operated as a
concession. In the case of a public service
concession, a private company enters into an agreement with the government
to have the exclusive right to operate, maintain and carry out investment
in a public utility (such as a water privatisation) for a given number of
Inexcusable - Cooking the Books Buy out Practice
Overt ActsWillful Default
Intentional failure by a party to a contract, or a court case,
to do what it is supposed, or ordered, to do.
, what about
dividends, pensions, bonuses, kickbacks, over blown salaries,
favors, and so on...
Most Hated Corporations
Federal Reserve 20%
British Petroleum 9%
Greedy and power hungry people are not
Possessed Creatures from Hell
. They are human, and humans
can learn and communicate
. If we can choose
to be bad
, then we
can choose to be good
by default is to be
good. So it's just a matter of discovering your natural
tendencies by learning and becoming more understanding of
yourself, and the world.Abject
is completely f*cked up beyond comparison, rather than
just a bit f*cked up. (of a situation or condition) extremely bad,
unpleasant, and degrading (of a person or their behavior) completely
without pride or dignity; self-abasing.
When we allow
cheap labor in other countries it hurts
everyone, except the scumbags at the top of course.
Corporations could care less about America. Corporations are
truly the most damaging
this world has ever seen,
and politicians are corporations partners in crime, they're
exploited and in return help exploit citizens, this is simply a
If your corporation or company has more negatives then positives to society
and the world, and causes
that's similar to
, then you need to
Cease and Desist
We cannot afford to kill ourselves in the
name of money. You're going in the wrong direction and you're
wasting valuable time.
If you meet us half way then we're half
way there. "Don't worry, we'll let you keep your toys.".
of a public figure by surprise attack. An attack intended to
ruin someone's reputation
leaders of underdeveloped countries to
accept substantial development loans
for large construction and
engineering projects that would primarily help the richest families and
local elites, rather than the poor, while making sure that these projects
were contracted to U.S. companies.
False Flag Operations
- Corporate take over of
the use of measures of which the primary effect is
to weaken the economy
of another state.
is the practice of using capitalism, globalization and cultural
imperialism to influence a developing country in lieu of direct military
control (imperialism) or indirect political control (hegemony).
refers to an attempt to transform the established
social order and its structures of power, authority, and hierarchy. A
process by which the values and principles of a system in place are
contradicted or reversed. More specifically, subversion can be described
as an attack on the public morale and, "the will to resist intervention
are the products of combined political and social or class loyalties which
are usually attached to national symbols.
is overt conduct, such as speech and organization,
that tends toward insurrection against the established order. An action inciting resistance
to lawful authority
and tending to cause the disruption or overthrow of the government.
against the established order: if the statement is in writing or some
other permanent form it is seditious libel. Libel denotes a printed form
of communication such as writing or drawing.
is an open act, one that can be clearly proved by
evidence, and from which criminal intent can be inferred, as opposed to a
mere intention in the mind to commit a crime.
Intention in criminal law
is having knowledge and awareness of wrongdoing.
promoted governmental regulation of a nation's economy
for the purpose of augmenting state power at the expense of rival national
is a deliberate action aimed at weakening a polity
or corporation through subversion, obstruction, disruption or destruction.
makes the theft or misappropriation of a
is a form of espionage conducted for
commercial purposes instead of purely national security.
Covert U.S. Foreign Regime Change Actions
U.S. Involvement in Regime Change
political transition of land from the control of one entity to another. It
is also the incorporation of unclaimed land into a state's sovereignty,
which is in most cases legitimate. In
it is the forcible transition of one state's
territory by another state or the legal process by which a city acquires
land. Usually, it is implied that the territory and population being
annexed is the smaller, more peripheral, and weaker of the two merging
entities, barring physical size. It can also imply a certain measure of
coercion, expansionism or unilateralism on the part of the stronger of the
merging entities. Because of this, more positive euphemisms like political
union/unification or reunification are sometimes seen in discourse.
Annexation differs from cession and amalgamation, because unlike cession
where territory is given or sold through treaty, or amalgamation (where
the authorities of both sides are asked if they agree with the merge),
annexation is a unilateral act where territory is seized and held by one
state and legitimized via general recognition by the other international
bodies (i.e. countries and intergovernmental organisations).
is to relinquish possession or
control over. Amalgamation
combination of two or more commercial companies.
is to join or combine.
Mexican - American War
Harry S. Truman
Address in Mexico City. March 3, 1947.
was a widely held belief in the United States that
its settlers were destined to expand across North America.
used to refer to an economic and political system controlled by
corporations or corporate interests.
refers to earning more money from the export of
crude oil than they could feasibly invest in their own economies. The
resulting global interdependencies and financial flows, from oil producers
back to oil consumers, can reach a scale of hundreds of billions of US
dollars per year across a variety of currencies, heavily influenced by
government-level decisions regarding international investment and aid.
is the fundamental economic problem of resources
being limited in amount but desired in a seemingly infinite amount.
Scarcity causes society to have insufficient productive resources to
fulfill all human wants and needs.
The only thing that's scarce is our access to the
necessary information and knowledge that we desperately need,
and the only thing that
was ignorance, corruption, pollution, disease,
suffering and death.
is a reduction in the value of a currency with
respect to those goods, services or other monetary units with which that
currency can be exchanged.
is when a country whose currency, being the
global reserve currency, foreign nations wish to hold, must be willing to
supply the world with an extra supply of its currency to fulfill world
demand for these foreign exchange reserves, thus leading to a
Destroy completely; damage irreparably. Complete
destruction of a building.
is a form of international relations in which
sovereign entities protect their own interests by threatening one another
with military, economic or political aggression. The term was the title of
a 1979 book by Martin Wight, which the Times Literary Supplement listed as
the 18th most influential book since World War II.
- Gross Negligence
is an appropriate intention, knowledge of,
recklessness, or criminal negligence. Recklessness may constitute an
offense against property or involve significant danger to another person.
act done voluntarily with either an
intentional disregard of, or plain indifference to.
are damages intended to reform or deter the
defendant and others from engaging in conduct similar to that which formed
the basis of the lawsuit.
Grievous Bodily Harm
Intentional infliction of emotional distress
intent or knowledge of wrongdoing.
Negligent infliction of emotional distress
Motive, and Opportunity
refers to the standard by which a grand jury believes
that a crime has been committed.
term for deaths, injuries, or other damage
inflicted on an unintended target.
is the cost or
benefit that affects a party who did not choose to incur that cost or
All people should have a right to vote on who dies and who
suffers, whether it's from a particular action by a company, or
- Predictive Neglect
Chief Compliance Officer
responsible for overseeing and
managing regulatory compliance issues
within an organization.
means conforming to a rule, such as a specification,
policy, standard or law. Regulatory compliance describes the goal that
organizations aspire to achieve in their efforts to ensure that they are
aware of and take steps to comply with relevant laws and
is a public authority or government agency
responsible for exercising autonomous authority over some area of human
activity in a regulatory or supervisory capacity. An independent
regulatory agency is a regulatory agency that is independent from other
branches or arms of the government.
is a form of corporate
self-regulation integrated into a business model. CSR policy functions as
a self-regulatory mechanism whereby a business monitors and ensures its
active compliance with the spirit of the law, ethical standards and
national or international norms. With some models, a firm's implementation
of CSR goes beyond compliance and engages in "actions that appear to
further some social good, beyond the interests of the firm and that which
is required by law, (corporate conscience, corporate citizenship
is the process whereby an organization
its own adherence to
legal, ethical, or safety standards, rather than have an outside,
independent agency such as a third party entity monitor and enforce those
of any group can be a
conflict of interest
. If any
organization, such as a corporation or government bureaucracy, is asked to
eliminate unethical behavior within their own group, it may be in their
interest in the short run to eliminate the appearance of unethical
behavior, rather than the behavior itself, by keeping any ethical breaches
hidden, instead of exposing and correcting them. An exception occurs when
the ethical breach is already known by the public. In that case, it could
be in the group's interest to end the ethical problem to which the public
has knowledge, but keep remaining breaches hidden.
Investment in Knowledge Always Pays the Best Return"
Corporate Watch Dogs
If you do a set of particular actions that end up killing people
or injuring people, then that's
. You can say that you were not aware that your
actions were causing people to die, but you would have to
explain that very carefully, because you don't want to come
across as someone who
does not care about what happens to other people
that would make you guilty just by
Ignorance to the Law
is something that we can learn from and
is something we need to stop, because
waiting to educate people about their wrong doings will take a
lot of time, and that's why we have laws. Which is to make up
for our educations failure and our inability to inform people
correctly and effectively. Till then, we will continue to suffer
from ignorance. We need more people doing positive things and
less people doing negatives things. And both of those things we
can easily added to our education system as well as to our media
outlets, like TV, Newspapers, Magazines and Radio. Improving
communication and and education is possible because we can
calculate probability more accurately more now then ever. This
is because we can clearly see the past, because we've been
there, and how it let up to this present moment, because we are
here. So if we continue to do these same actions, people will
continue to die. And this means that every person on the planet
shares this responsibility. You are either doing something
positive or you're stopping others from doing something
negative. And if you can do both, that's awesome, and also a
guarantee the we will all be successful.
Politicians and corporate leaders are perpetrators of
Munchausen by Proxy
, and the citizens are their victims.
Some corporations are committing a deliberate act of
against humanity. This is far worse then someone
just acting ignorantly because they're unaware of the severity
of their actions. These people are aware, which is disturbing,
but not surprising since we have murders and violence every
minute of every day. This long ongoing mass murder needs to
The Center for
Responsible Enterprise And Trade
: Reduce corruption and IP
theft in the forms of counterfeiting, piracy and
trade secret theft.
Yes we want to help people create jobs in other countries, but
not at the expense of the countries citizens or at the expense of
the countries environment and resources. You don't help people
by exploiting them. You help people by educating them, so they
. Corporations are mostly about money, they only
pretend to help people, that's called manipulative selling,
which is a very sick and degrading way to function in this
world, selling death and destruction.
Charmian Gooch: Meet Global Corruption's Hidden Players
More Videos United States Bill of Rights
holds that the influence of big business corporations is a detriment to
the public good and to the democratic process.
Criticisms of Corporations
granting of "personhood" to an organization with no personal liability
contend that it creates a legal entity with the extensive financial
resources to co-opt public policy and exploit resources and populations
without any moral or legal responsibility to encourage restraint.
is when a corporation believes it has legal rights and responsibilities
enjoyed by natural persons (physical humans). Corporate means "Dead
"Slavery is the Legal
that a person is property. Corporate Personhood is a legal
fiction that property is a person."
Corporations now control most
of the agencies that were designed to control them and keep them from
a company or group of people authorized to act as a single entity (legally
a person) and recognized as such in law. Early incorporated entities were
established by charter (i.e. by an ad hoc act granted by a monarch or
passed by a parliament or legislature). Most jurisdictions now allow the
creation of new corporations through registration.
Dartmouth College v. Woodward
1819 decision settled the
nature of public versus private charters and resulted in the rise of the
American business corporation and the American free
Dred Scot v. Sandford
1857 held that "a negro, whose
ancestors were imported into [the U.S.], and sold as slaves", whether
enslaved or free, could not be an American citizen and therefore had no
standing to sue in federal court. The decision was only the second time
that the Supreme Court had ruled an Act of Congress to be
Santa Clara County v. Southern Pacific Railroad
was the first time that the Supreme Court was reported to hold that the
Fourteenth Amendment's equal protection clause granted constitutional
protections to corporations as well as to natural persons.
Hale v. Henkel 1906 the Court ruled that a
statute that compelled the production of documents as part of an
investigation into the payment of duties was a violation of the Fourth and
Fifth Amendments. The Court reasoned that the defendant had a superior
property right in the papers, and that compelling their production as
evidence was compelled self-incrimination.
Corporations that Have Cut Ties to ALEC
ALEC is a corporate
bill mill. It is not just a lobby or a front group; it is much more
powerful than that. Through ALEC, corporations hand state legislators
their wishlists to benefit their bottom line. Corporations fund almost all
of ALEC's operations. They pay for a seat on ALEC task forces where
corporate lobbyists and special interest reps vote with elected officials
to approve “model” bills.
American Legislative Exchange Council
describes itself as
the largest “membership association of state legislators,” but over 98% of
its revenue comes from sources other than legislative dues, primarily from
corporations and corporate foundations.
Dodge v. Ford Motor Company
case in which the Michigan Supreme Court held that Henry Ford had to
operate the Ford Motor Company in the interests of its shareholders,
rather than in a charitable manner for the benefit of his employees or
Pennsylvania Coal Co. v. Mahon
case in which the Supreme Court of the United States held that whether a
regulatory act constitutes a taking requiring compensation depends on the
extent of diminution in the value of the property.
Timeline History of America
Just in case you don't know what failing is, or maybe you just forgot
what failing means....
is something below acceptable performance
and proven to be insufficient.
A flaw or weak point having a
loss of ability
to function normally.
An event that does not accomplish its intended purpose and
does not reach a minimum required performanc
To leave something undone and be unsuccessful. To disappoint and
prove undependable, unacceptable and unable.
The United States Postal Service (USPS)
lost $5.5 billion in
2014. That is the eighth annual loss in a row and the
third-highest ever. The only silver lining is that the loss was
below the red-ink tsunami of $15.9 billion in 2012.
As the old saying goes, they're lying
and stealing so why shouldn't I?
I might as well lie and
steal because everyone else is doing it. Not everyone, of
course, but that's not the problem, the problem is how do we
stop lying and stealing? We know that lying has many negative
effects and causes all kinds of problems, same things with
stealing. 2 wrongs don't make a right
, and always wrong will
never be right. Lying and stealing comes from the lack of
knowledge, information, and understanding. You can make all the
excuses you want, but you can't ignore known realities,
especially knowing the damage that you cause is right in front
of you. And the reason why you think that you don't see the
damage is because you're lying to yourself. So you see, lying
does more damage then you think. Your life is a lie, so how do
you make your life true again? You learn how to make your life
true. Everything comes from learning.
You learned how to lie
, and now you will learn how to tell the
truth, and learn how
to be true
"Trickle down ignorance"
"Its been estimated that there are 30 Million People
Worldwide, which doesn't include the millions enslaved by a poor
education, or the millions who are enslaved by our flawed and
corrupted monetary system."
properly be called Corporatism, since it is the Merger of State
and Corporate Power." (Benito
Big to Fail
is just another way of saying "I'm not competent
enough to solve this problem or am I not competent enough to even explain
this problem properly. So what information do you need?
There's a big difference between people who are
willing to work
people who are desperate and fear for their lives. And there's many like
them, so the competition for survival has become a tool for mass slavery.
Foreign workers are not better workers then Americans, Foreign workers are
just more exploited, more desperate and more victimized then American
workers. Americans can be the hardest
workers on the planet when they need to be
. But this need has
been criminally stolen from Americans and our purpose has been
manipulated. If we were to bring back the need and purpose to
American workers, we would ultimately unleash the greatest
workforce this world has ever seen...We all want a better
planet, so lets make one....Benefit
A system that excludes billions of people on the planet is a broken system
. Money is a
system of control, but now that system is out of control. It's
time to reboot, transition and transform into a system of
fairness and responsibility. Money should not give a person the
right to cause damage or cause the suffering of other people.
What's the point of having laws to protect human rights if you
never stop the violators or stop the things that allow
violations to continue? Reckless
"So it's time for you to put on your
and go sit in the corner"
No Taxation without Representation
is a slogan originating
during the 1750s and 1760s that summarized a primary grievance of the
American colonists in the Thirteen Colonies, which was one of the major
causes of the American Revolution. In short, many in those colonies
believed that, as they were not directly represented in the distant
British Parliament, any laws it passed affecting the colonists (such as
the Sugar Act and the Stamp Act) were illegal under the Bill of Rights
1689, and were a denial of their rights as Englishmen.
It would be great if paying taxes actually made people aware of
the responsibilities of managing our shared services, our
resources and our environment
. But just paying taxes, or
just voting, does not make people aware enough about their world, mostly
because our money system is just too corrupted and manipulated. And on top
of that, there's nothing in our education that gives people the necessary
knowledge and skills that are needed to help rid the system of corruption.
So this makes the whole tax thing a waste of time and energy. And all
these wasted extra steps and paper work and rules, it's just insane.
Especially when taxes mostly benefit wealthy people. Poor people get very
little return for their tax money, and poor people work just as hard as
wealthy people do, if not harder. So the money system is not just unfair,
it's abusive, it's corrupt, it's greedy, it's incompetent and it's
wasteful. If money were a drug, then everyone would be a drug addict, but
that is exactly what we are, we are addicts, and we have addicts ruling
our world, and their drug of choice is money, and they are never
satisfied. So we all know where this is going, as all addicts know their
fate, same as before, same as throughout history, things that are
unsustainable will always end horribly, and will always end when you least
expect it. We have to free ourselves from this insanity. The abuses of
money is literally killing us. And when you can just pay people to look
the other way or lie, this insanity will never end by itself. It's like
having heroin addicts trying to police heroin addicts when everyone is
getting paid with heroin, this is just insane. There has to be a better
way, we need a system of trade that can't be corrupted or manipulated.
Free Tour (VPRO, Marije Meerman)
is a form of trustworthiness; the trait of being answerable to
someone for something or being responsible
for one's conduct.
The proper sphere or extent of your activities. The social
force that binds you to the courses of action demanded by that
is the ability to make judgments free from discrimination or
dishonesty. Moral Competence
is to relegate to a lower or outer edge, as of specific groups of
We need more the just legislation, we need education, and we
need a lot of it.
refers to people's tendency to prefer avoiding losses to
acquiring equivalent gains: it's better to not lose $5 than to find $5.
"I know, don't rock the
boat, look the other way. The only reason why Humans are still
alive today is because some people decided to rock the boat and
not look the other way. The boat is sinking people, we have a
lot of work to do.
Why is a
sometimes similar to a Bribe
? Because if your
job does more harm the good, then you are incentivizing
is a government program guaranteeing access to
some benefit by members of a specific group and based on established
rights or by legislation.
is a form of salary, such as for an internship or
apprenticeship. It is often distinct from a wage or a salary because it
does not necessarily represent payment for work performed; instead it
represents a payment that enables somebody to be exempt partly or wholly
from waged or salaried employment in order to undertake a role that is
normally unpaid (e.g. a magistrate in the United Kingdom) or voluntary, or
which cannot be measured in terms of a task (e.g. members of the clergy).
Why is money a horrible
"If you see money not being used correctly or efficiently by
someone, then you should take the money and use it for a good cause, it's
not stealing, it's just called good money management." Robin
"robbing from the rich and giving to the poor"
DocumentariesMeasuring True Cost
People are more concerned about the Price of things when they should be more
concerned about its Value.
Two-thirds of young adults get financial support from their parents
You're Losing it Man
Why do most Politicians and Corporate Leaders have the same characteristics
as people who suffer from
Why are they similar to a
is a set of medical signs and symptoms that are
correlated with each other.
is a non-mutual symbiotic relationship between
species, where one species, the parasite, benefits at the expense of the
other, the host.
Fishhead - Are Corporate Leaders Psychopaths? (2011)
Like Us - 07 - Business
should be Mandatory and also Public
Knowledge for every public servant with power. It's been documented that
crazy people make bad decisions.
All our luxuries like energy, can't just be about our comfort
have to give
to the system so that our energy supplies can
continue to provide us with this privileged lifestyle. And giving back
does not include money, or how much you paid for the energy, because money
is not a resource that can be
into the environment
, the environment on which we feed. I'm not
saying that money can't be part of the solution, I'm just saying
that money can't be the only part of a solution. It has to be
something physical, something created in return, something that
the environmental system can use to create more of of the
natural resources that we use. And money is not a form of
payment that our environment accepts, sorry that kind of credit
does not exist in Reality
. A natural symbiotic return is the
only way for sustainability
, all other ways end in
First the resource goes extinct and then what ever was feeding
on it follows. This is one of the major flaws with the monetary
system, it creates a false reality that blinds a person from
their own fate, a fate that now has a horrible ending, unless we
educate and inform the public. I'm sure no one wants to die and
suffer, and I'm sure that no one would like to be the cause of
death and suffering of other people.
Humans are born to be good
and that goodness can only be guaranteed if we make sure that
everyone has access to a high quality education. Education has
been our greatest source for improvements, so that's proof it
works. It's time.
When dealing in the
business of just money, honey, you stop being funny
. This is
because 100's of millions of people have died and suffered
because of money, and millions more will continue to do so,
unless we change. And if you're not helping the situation,
you're just making it worse and adding to the killing and the
suffering. You need to wake up and see the damage that you're
doing, see the earth that you're polluting, see the people that
you're hurting, see the people that you're killing. But even
then, you might not even care, because evil is at its strongest
when you are oblivious of its existence, for cancer doesn't know
that it is cancer. The most damage that is inflicted by people
is when people are not aware of the effects that come from their
actions, or sometimes they are just in denial, like your average
addict. Ignorance isn't evil, ignorance just gives evil a place
to live and a place to hide, silently and patiently waiting for
you to make a mistake. That's when evil exposes its true
horrific ugliness, with most of the ugliness done behind your
back, because evil knows you wont turn around when you're
distracted by your addictions. You can't see evil when you're
blinded by your ignorance or blinded by your obsessions with
material possessions. You see dollar signs instead of seeing
life. So that emptiness in your soul will never go away. You can
only temporally cover your emptiness with your ignorance and
keep pretending that everything will be just fine. Knowledge is
the only medicine that will ever cure you, so please, turn
Bonnie Tyler: Total Eclipse of the Heart
Too Many Chiefs
and Not Enough Braves. Ignorant
corporations and their blind followers fueled by money instead
of being fueled by intelligent actions that are driven by facts,
information, knowledge and wisdom. If we continue to allow our
actions to be driven by money and not by the facts, then we will
continue to be totally disconnected from reality and the world
around us. We shouldn't have to wait for dead bodies to show up
to make us realize that there's a problem. But even then, we are
so disconnected that we fail to act accordingly to the needs of
the problems that we have created, all because we allow money to
be the reason why. This is a serious flaw in our thinking that
we need to correct. And we can make these corrections if
everyone learns and understands that money does not solve
problems, people solve problems. We don't need more money, we
need more people, more people who understand what our most
serious problems are and then know how to take the appropriate
actions. All changes come from people learning and understanding
why the change is needed. Changes just don't happen, we make
changes happen, either by contributing to change, or accepting
the change, or just by ignoring the change. When people don't
learn and understand a problem, because their vision is blocked
by money, they fail to see the problem. And in doing so, people
will continue to die and suffer. Humans have lived for thousands
of years because we learned how to adapt and live in concordance
with our environment, we did not live this long because we
printed more money, but obviously there are people who are that
ignorant and they believe this to be true, that some how we can
buy our way out from the messes that we have created. That is
the type of ignorance that has been the cause of most of our
problems. But we can correct it if we start communicating more
effectively, more accurately and in more detail. People just
don't need access to our most valuable information and
knowledge, they also need assistance in understanding how to
access information and knowledge, especially when it would
benefit them, and at the same time, make it easy for them to
help others. And people also need to learn how we can combine
our efforts and our wisdom to make improvements. We can do this
by using all media and all forms of communication. Counting down
to the age of Restoration.
What would be more inspiring then to begin the age of
restoration, reweaving the wondrous diversity
of life that still surrounds us? (Edward.
Profiting from ignorance
by making money from other peoples ignorance, is ignorant.
what's worse is that some people even flaunt their ignorance.
They ignorantly believe that being paid large sums of money some
how justifies their actions, and that it's also some kind of
measurement of their value or their relevance, which it is not.
Money is not a
it's not Authorization, it's not a license to
kill, or does it give you permission to be an idiot.
Money is just one of many side-effects that your actions
produce. Money does not say anything, it does not describe the
facts that pertain to the true value of your life and the
impacts of your life, whether positive or negative. So let the
facts speak for themselves, and stop using money as an excuse,
you're just being an idiot doing the wrong things for the wrong
reasons, and the money is not making you do it, you are. But of
course you're not alone, we have all been sleeping, but now
we're slowly waking up, little by little. And that is what
knowledge does, it slowly wakes you up to a world of
possibilities that you never knew existed. We wasted a lot of
time, but we can get it back if we start education people fully.
That's another great thing about knowledge, it can alter the
course of time, going back, or going forward.
You have been educated in
math and have the ability to calculate earnings, but you never
count the things that count, why?
Does Money encourage ignorance and make people complacent with a false
sense of security and a diminished awareness?
What are the other alternatives to money? Why don't we teach this? Why is the saying "You get what you pay for", so stupid?
Who's controlling the
50 Shades of Grey is a metaphor for capitalism and
its sociopathic desire for greed and slavery.
Everyone needs to renegotiate this contract that has been forced
on us by criminals and their perverted sense of reality. You are
50 shades of f*cked up. We need to be free from domination. Not
to say that sexual roleplaying is wrong, it's just that we
should keep our fantasies to ourselves and stop forcing others
to obey, or be punished. You're sick, get help. And stop ruining
Money has put a spell on you.
The Spell On Me - Screamin' Jay Hawkins
Protect the Internet
Housing Problems - Foreclosures
83 Million Eviction Records since 2000 -
Nearly one million American households received
2.3 Million Evictions
were filed in the U.S. in 2016
— a rate of four every minute.
is the unfair, deceptive, or
of some lenders during the loan origination process.
is making loans to people who may have
difficulty maintaining the repayment schedule, sometimes reflecting
setbacks, such as unemployment, divorce, medical emergencies, etc.
United States Housing Bubble
saw an increased of foreclosure rates in
2006–2007 among U.S. homeowners, which led to a crisis in August 2008 for
the subprime, Alt-A, collateralized debt obligation (CDO), mortgage,
credit, hedge fund, and foreign bank markets. In October 2007, the U.S.
Secretary of the Treasury called the bursting housing bubble "the most
significant risk to our economy".
The American Dream
is turned into Poverty. Documentary 2017
(youtube) - Developers
stealing government funded
that are supposed to be used for
and low income housing.
Low-Income Housing Tax Credit
Mobile Homes: Last
Week Tonight with John Oliver (HBO)
(youtube) - Large investment
companies are making Mobile Homes a nightmare for owners.
Countries, such as
France, Austria and Poland, prohibit removing people from their homes when
it's so cold. But that's not the case in the United States.
refers to a particular type of financial
service, namely subprime or near-prime lending (that is, lending to people
with relatively poor credit) by non-bank financial institutions.
Non-Bank Financial Institution
is a financial institution that does
not have a full banking license or is not supervised by a national or
international banking regulatory agency.
Consumer Financial Protection Bureau
is an agency of the
United States government responsible for
financial sector. CFPB jurisdiction includes banks, credit unions,
securities firms, payday lenders, mortgage-servicing operations,
foreclosure relief services, debt collectors and other financial companies
operating in the United States.
Right of Redemption
is the right of a debtor whose real property has
been foreclosed upon and sold to reclaim that property if they are able to
come up with the money to repay the amount of the debt. Most U.S. states
have a statutory provision that allows such a reclamation of property. Home Ownership has
Dropped to Its Lowest Level Since 1965
"The words of the prophets Are
written on the subway walls And tenement halls."
The Sound of
is a financial services corporation
created by the United States Congress. Their intended function is to
enhance the flow of credit to targeted sectors of the economy and to make
those segments of the capital market more efficient and transparent, and
to reduce the risk to investors and other suppliers of capital. The
desired effect of the GSEs is to enhance the availability and reduce the
cost of credit to the targeted borrowing sectors primarily by reducing the
risk of capital losses to investors: agriculture, home finance and
education. The two most well known GSEs are the Federal National Mortgage
Association, or Fannie Mae, and the Federal Home Loan Mortgage
Corporation, or Freddie Mac.Lending
Dangers, Flaws and Corruption:
Giving money to private companies
with no instructions or guidelines on how the money is supposed to be used
in order to reach the economic goals and improvements needed always ends
in failure as history has documented many times. Then on top of that, the
government tells the private companies that they won't be liable for
losses or mismanagement, waste or corruption, which is insane. Guaranteed
loans or insured loans offer no incentives to do what is right and good.
So most people will always act ignorantly and steal tax payer money for
themselves instead of using it for the public good for which it was
intended. It seems that our government incites corruption by lending money
to corrupt companies. No
+ No Accountability
. (Another Wasted Opportunity).
Government gives the illusion that they are
boosting the economy with a
, which creates another Financial Bubble. And they
know that they are creating another
, where their friends get rich while the American
public suffers the consequences. It's shocking to think that American
citizens are letting this corruption happen time and time again, but in
reality, how can Americans be shocked when they are completely in the dark
and ignorant, which is also by design, dumb down the public so that they
are unaware of the crimes that surround them. Even the
are rigged and corrupted.
is an economy in which decisions regarding
investment, production, and distribution are based on market determined
supply and demand
, and prices of goods and
services are determined in a free price system.
is the removal of a tenant from rental property by
the landlord. Exiled
is to be expel
from a country.Expelled
is forced to
leave or move out. Kicked out. Thrown Out. Ousted.
is to expel from a community or
group. Ban from a place of residence, as for punishment.
is to expel or eject without
recourse to legal process. Expel from one's property or force to move out
by a legal process. Forced out.Displaced
is to cause to move, usually with force or pressure.
is an exile who flees for safety.
is a legal process in which a lender claims
possession of property belonging to a borrower, who has stopped making
payments to the lender. In the United States the term is used for a forced
sale of the property used as the collateral for the loan. Report
The American Dream
(youtube)Approximately 549,000 homes
in the United States were in some
compared to 822,000 in January 2014.
3 Day Notice to Pay or Quit, or a 30 or 60 Day Notice to Vacate
More than 170 tenants were evicted every day in England and
Wales in 2015
Landlord and homeowners evicted after foreclosure, filings
soared to almost 270,000 last year in 2015.
Rents are Soaring -- and so are
Rents have risen 7% in the past year, while incomes have inched
just 1.8% higher. Several million families a year face evictions
nationwide. In Georgia, there was one eviction notice filed for
every five rental households, more than 200,000 total filings
last year. Many cases involved renters who were unable to keep
up with rent increases.
Needed to Rent in each State
Income needed to Buy a Home in each U.S. City
Needed to Work in Order to afford the Rent in Each State
difference between House Wages and Renter Wages
Numbers by State in 2016
in America have
Filed for Bankruptcy
Bankruptcies - Defaults
A lot of foreclosures occur due to a
homeowner's medical problems, so the healthcare system steals
peoples homes as much as banks do
People are even being evicted from
List of Tent Cities in the United States
Refugees In 2015 Detroit sent out 72,000
to homeowners behind on property taxes,
62,000 of them in Detroit alone. They say about 18,000 of these
properties are occupied, but fewer than half of those homeowners
have paid all of their tax.
buy deteriorating buildings for as little as $500
apiece and then rent them as is.
Home Many Vacant Empty Homes and Buildings
is just another word for corruption and greed gone
bad, so lets blame it on the economy so that people don't realize that
they have been swindled, again.
is the power of a state, provincial, or national government to take
private property for public use. However, this power can be legislatively
delegated by the state to municipalities, government subdivisions, or even
to private persons or corporations, when they are authorized by the
legislature to exercise the functions of public character. (which is lie
that is never debated because of corruption in our
Internally Displaced Person
is someone who is forced to flee his or
her home but who remains within his or her country's borders. They are
often referred to as refugees, although they do not fall within the legal
definitions of a refugee.
political transition of land from the control of one entity to another. It
is also the incorporation of unclaimed land into a state's sovereignty,
which is in most cases legitimate. In international law it is the forcible
transition of one state's territory by another state or the legal process
by which a city acquires land.
Empty Homes and Buildings
recessions and depressions are due to the
overall level of debt shrinking (deflating): the credit cycle is the cause
of the economic cycle
Cost of Living
are Lies, Why?
U.S. Department of Housing and Urban Development.
Why are cities
still so segregated? | Let's Talk | NPR
(youtube) In 1968, Congress
passed the Fair Housing Act that made it illegal to discriminate in
is the practice of denying services, either directly or
through selectively raising prices, to residents of certain areas based on
the racial or ethnic composition of those areas.
Fair Housing Act
, which is selectively enforced, intended to protect
the buyer or renter of a dwelling from seller or landlord discrimination.
Its primary prohibition makes it unlawful to refuse to sell, rent to, or
negotiate with any person because of that person's inclusion in a
protected class. The goal is a unitary housing market in which a person's
background (as opposed to financial resources) does not arbitrarily
restrict access. Calls for open housing were issued early in the twentieth
century, but it was not until after World War II that concerted efforts to
achieve it were undertaken. What Qualifies
as Affordable Rent
is a calculation based on the region’s median
income, though that calculation is often much, much higher than what
federal housing programs set as affordable rent.
usual price charged in a free market. If demand goes up, manufacturers and
laborers will tend to respond by increasing the price, thus setting a
higher market rate. When demand falls, market rates also tend to fall.
Supply and demand
is government sponsored economic assistance aimed
towards alleviating housing costs and expenses for impoverished people
with low to moderate incomes. Forms of subsidies include direct housing
subsidies, non-profit housing, public housing, rent supplements, and some
forms of co-operative and private sector housing. In the United States,
subsidized housing is often called "affordable housing." There are
scientific research suggesting that actions to facilitate people's access
to housing contribute to lower poverty situations.
is housing which is deemed
to those with a median household
as rated by the national government or a local government by a
recognized housing affordability index. Most of the literature on
affordable housing refers to mortgages and number of forms that exist
along a continuum – from emergency shelters, to transitional housing, to
non-market rental (also known as social or subsidized housing), to formal
and informal rental, indigenous housing, and ending with affordable home
National Housing Act of 1934
also called the Capehart Act, was part of
the New Deal passed during the Great Depression in order to
and home mortgages more affordable
. It created the Federal Housing
Administration (FHA) and the Federal Savings and Loan Insurance
Corporation (FSLIC). The Act was designed to stop the tide of bank
foreclosures on family homes during the Great Depression. Both the FHA and
the FSLIC worked to create the backbone of the mortgage and home building
industries, until the 1980s. (See Savings and loan crisis and Financial
Institutions Reform, Recovery, and Enforcement Act of 1989 that ended the
FSLIC, whose activities were moved to the FDIC.). The Housing Act of 1937 built on this legislation.
Home Owners' Loan Corporation
The American Securitization Forum
Securities Industry and Financial Markets Association
is the rate of borrowers who fail to remain current on their loans.
It is a critical piece of information used by lenders to
determine their risk exposure and economists to evaluate the
health of the overall economy. The interest rate charged to a
borrower when payments on a revolving line of credit are
Interest Rate Swap
is an interest rate derivative (IRD).It
involves exchange of interest rates between two parties. In particular it
is a linear IRD and one of the most liquid, benchmark products. It has
associations with forward rate agreements (FRAs), and with zero coupon
Collateralized Debt Obligation
is a type of structured
asset-backed security (ABS). Originally developed for the corporate
debt markets, over time CDOs evolved to encompass the mortgage and
mortgage-backed security (MBS) markets.
is a variation of a CDO that generally uses
credit default swaps and other derivatives to obtain its
ISDA Master Agreement
is the most commonly used master
service agreement for OTC derivatives transactions internationally. It is
part of a framework of documents, designed to enable OTC derivatives to be
documented fully and flexibly. The framework consists of a master
agreement, a schedule, confirmations, definition booklets, and credit
support documentation. The ISDA master agreement is published by the
International Swaps and Derivatives Association.
a form of fraud
in which a commercial
contract is promised to one party even though for the sake of appearance
several other parties also present a bid. This form of collusion is
illegal in most countries. It is a form of price fixing and market
allocation, often practiced where contracts are determined by a call for
bids, for example in the case of government construction contracts. Bid
rigging almost always results in economic harm to the agency which is
seeking the bids, and to the public, who ultimately bear the costs as
taxpayers or consumers.
5 trillion dollars disappeared or
, 8 million lost jobs, 6
million lost homes.
Financial Crisis of 2007 - 2008
Warren Buffett's Mobile Home empire preys on the poor
profits at every step, from building to selling to high cost lending.
The amount of money you must earn in a year to be able to afford to live and pay rent in
a particular city
San Francisco: $119,570
San Jose: $89,734
New York: $87,446
Washington, D.C.: $83,104
Los Angeles: $74,371
New Orleans: $60,782
House Price Index
measures the price changes of residential
housing. Methodologies commonly used to calculate a HPI are the hedonic
regression (HR), simple moving average (SMA) and repeat-sales regression (RSR).
(debt)Owning a Condo
is like being under
house arrest. That's how bad condo associations are and how criminal
companies are. A bunch of leeching parasites who don't
want to do work but will easily take your money, scumbags. Condos are
just another way to tax and gouge home owners. And it's
. Commons fees go up while
property values go down, explain that morons. These
Types of Housing
only works when
the owners are involved and informed. That is also the only way
could work effectively
and efficiently. Housing Improvements
is used to prevent estrepement, a type of
voluntary waste. The waste that the writ would issue to prevent would be
waste that occurred in response to a lawsuit seeking possession of the
land, or a judgment against the waster where possession had not yet been
Waste in law
acts as an intermediary who brokers mortgage loans on
behalf of individuals or businesses.
Mortgage Electronic Registration Systems
Why do people
owning land and property
experience the same negative
side-effects that come from having too much money, or from
having too much power? Why does owning property change people.
manipulated by the power authority? Why does our views on life change after buying property? Why do
people become more defensive? And why does owning land make you more
of a target? We need to change the perception land ownership. Though
the lines in the sand are only temporary, it is mainly a mutual
agreement with our neighbors and other people in the world. If
you would like to do something in my area of the sand, then
please let me know first, and I will do the same for you if I
ever plan to do something in your area of the sand.
A 2014 report for the
Scottish government found that 432 individuals own 50 percent of
the land in rural Scotland
. It said half of the territory's land
is owned by 0.008 percent of the population of more than 5.3
million people. Ok
it's time again.
The Green Buildings
being built today are excellent. They require
, cost less to operate, they are less dependent on
non-renewable resources and last longer. So these models of
intelligent building that we have today are fantastic and give
everyone living examples to improve on and to follow. But living
by example will never be enough if we don’t include this
knowledge in our education system. When people say that
cost to much money, what they're
really saying is that they would rather pass on the debt and
problems to future generations. These people are very selfish
and ignorant and care only for themselves. Anyone not building
green is really negligent. Future generations will look back at
these people and say "Thanks for nothing scumbag". Thanks for
making buildings that are built with too many non-renewable
products, which is a waste of raw materials. Thanks for making
buildings that always needs maintenance so it will always cost
you time and resources. Thanks for making buildings that are
energy inefficient so it wastes energy, pollutes more, consumes
more energy and consumes more water, which costs even more
resources. And on top of that some of the building products used
in building creates unhealthy air by
chemicals. This is the same for our car
manufacturers and other industries that put profit over people.
Britain’s Bad Housing
Energy Plus House
is a mandatory
financial charge or some other type of levy imposed upon a taxpayer (an
individual or other legal entity) by a governmental organization in order
to fund various public expenditures. A failure to pay, along with evasion
of or resistance to taxation, is punishable by law. Taxes consist of
direct or indirect taxes and may be paid in money or as its labour
equivalent. Most countries have a tax system in place to pay for
public/common/agreed national needs and government functions: some levy a
flat percentage rate of taxation on personal annual
, some on a scale based on annual income amounts, and some
countries impose almost no taxation at all, or a very low tax rate for a
certain area of taxation. Some countries charge a tax both on corporate
income and dividends; this is often referred to as double taxation as the
individual shareholder(s) receiving this payment from the company will
also be levied some tax on that personal income. Debt
is a tax imposed on individuals or entities
that varies with respective income
(taxable income). Income tax
generally is computed as the product of a tax rate times taxable income.
Taxation rates may vary by type or characteristics of the taxpayer. The
tax rate may increase as taxable income increases (referred to as
graduated or progressive rates). The tax imposed on companies is usually
known as corporate tax and is levied at a flat rate. However, individuals
are taxed at various rates according to the slab in which they fall.
Further, the partnership firms are also taxed at flat rate. Most
jurisdictions exempt locally organized charitable organizations from tax.
Capital gains may be taxed at different rates than other income. Credits
of various sorts may be allowed that reduce tax. Some jurisdictions impose
the higher of an income tax or a tax on an alternative base or measure of
income. Taxable income of taxpayers resident in the jurisdiction is
generally total income less income producing expenses and other
deductions. Generally, only net gain from sale of property, including
goods held for sale, is included in income. Income of a corporation's
shareholders usually includes distributions of profits from the
corporation. Deductions typically include all income producing or business
expenses including an allowance for recovery of costs of business assets.
Many jurisdictions allow notional deductions for individuals, and may
allow deduction of some personal expenses. Most jurisdictions either do
not tax income earned outside the jurisdiction or allow a credit for taxes
paid to other jurisdictions on such income. Nonresidents are taxed only on
certain types of income from sources within the jurisdictions, with few
exceptions. Most jurisdictions require self-assessment of the tax and
require payers of some types of income to withhold tax from those
payments. Advance payments of tax by taxpayers may be required. Taxpayers
not timely paying tax owed are generally subject to significant penalties,
which may include jail for individuals or revocation of an entity's legal
existence. Approximately 76.4 million or 44.4% of
Americans won't pay any federal income tax in 2018
, up from 72.6
million people or 43.2%. Most of these people aren't paying income taxes
because they either don't have any income that is taxable (many fall below
the poverty line
). The Tax Policy Center has
updated its estimate of the percentage of Americans who pay no federal
individual income taxes. And the number is: 44 percent—45.3 percent—won't
pay income tax. Living Wage
is a direct tax* imposed by a jurisdiction on the income
or capital of corporations or analogous legal entities. Many countries
impose such taxes at the national level, and a similar tax may be imposed
at state or local levels. The taxes may also be referred to as income tax
or capital tax. Partnerships are generally not taxed at the entity level.
is a tax
paid to a governing body for the sales of certain goods and services.
Usually laws allow (or require) the seller to collect funds for the tax
from the consumer at the point of purchase. When a tax on goods or
services is paid to a governing body directly by a consumer, it is usually
called a use tax. Often laws provide for the exemption of certain goods or
services from sales and use tax.
such as sales tax, per unit tax, value added tax, or goods and services
tax (GST)) is a tax collected by an intermediary (such as a retail store)
from the person who bears the ultimate economic burden of the tax (such as
the consumer). The intermediary later files a tax return and forwards the
tax proceeds to government with the return. In this sense, the term
indirect tax is contrasted with a direct tax, which is collected directly
by government from the persons (legal or natural) on whom it is imposed.
Some commentators have argued that "a direct tax is one that cannot be
charged by the taxpayer to someone else, whereas an indirect tax can be.
is imposed upon an individual person (juristic or natural) or
property (i.e. real and personal property, livestock, crops, wages, etc.)
as distinct from a tax imposed upon a transaction. In this sense, indirect
taxes such as a sales tax or a value added tax (VAT) are imposed only if
and when a taxable transaction occurs.
The term may be used in economic and political analyses, but does not
itself have any legal implications.
Duty in economics
is a kind of tax levied by a state. It is often
associated with customs
, in which context they are also known as
or dues. The term is often used to describe a tax on certain items
purchased abroad. Properly, a duty differs from a tax in being levied on
specific commodities, financial transactions, estates, etc. rather than on
individuals. Duties may be import duties, excise duties, stamp duties,
death or succession duties, etc.; but not such direct impositions as
personal income taxes.
is a type of
tax levied in the United States by numerous state governments. It is
essentially the same as a sales tax but is applied not where a product or
service was sold but where a merchant bought a product or service and then
converted it for its own use, without having paid tax when it was
initially purchased. Use taxes are functionally equivalent to
They are typically levied upon the use, storage, enjoyment, or other
consumption in the state of tangible personal property that has not been
subjected to a sales tax.
is a type of tax that is assessed incrementally, based
on the increase in value of a product or service at each stage of
production or distribution. VAT essentially compensates for the shared
services and infrastructure provided in a certain locality by a state and
funded by its taxpayers that were used in the elaboration of that product
is a tax imposed on the transfer of ownership of property. The
United States Internal Revenue Service says, a gift is "Any transfer to an
individual, either directly or indirectly, where full consideration
(measured in money or money's worth) is not received in return.
Conversion in Law
is a voluntary act by one
person inconsistent with the ownership rights of another.
Examples are seen in cases where trees are cut down and the
lumber hauled from the land by someone not having clear ownership.
or millage tax, is an ad valorem tax levy on the value
of property that the owner of the property is required to pay to a
government in which the property is situated. Multiple jurisdictions may
tax the same property. There are three general varieties of property:
land, improvements to land (immovable man-made things, e.g. buildings) and
personal property (movable things). Real estate or realty is the
combination of land and improvements to land. Property taxes are usually
charged on a recurrent basis (e.g., yearly). A common type of property tax
is an annual charge on the ownership of real estate, where the tax base is
the estimated value of the property.
is an ad valorem tax on the value of a
property, usually levied on real estate. The tax is levied by the
governing authority of the jurisdiction in which the property is located.
This can be a national government, a federated state, a county or
geographical region or a municipality. Multiple jurisdictions may tax the
same property. This tax can be contrasted to a
which is based on rental income or imputed rent, and a
land value tax, which is a levy on the value of land, excluding the value
of buildings and other improvements. Under a property-tax system, the
government requires or performs an appraisal of the monetary value of each
property, and tax is assessed in proportion to that value.
is a tax on the transfer of the estate of a
deceased person. The tax applies to property that is transferred via a
will or according to state laws of intestacy. Other transfers that are
subject to the tax can include those made through an intestate estate or
trust, or the payment of certain life insurance benefits or financial
account sums to beneficiaries. The estate tax is one part of the Unified
Gift and Estate Tax system in the United States. The other part of the
system, the gift tax, applies to transfers of property during a person's
Ad Valorem Tax
is a tax whose amount is based on the value of a transaction or of
property. It is typically imposed at the time of a transaction, as in the
case of a sales tax or value-added tax (VAT). An ad valorem tax may also
be imposed annually, as in the case of a real or personal property tax, or
in connection with another significant event (e.g. inheritance tax,
expatriation tax, or tariff). In some countries a stamp duty is imposed as
an ad valorem tax.
Land Value Tax
is an ad valorem levy on the unimproved value
of land. Unlike property taxes, it disregards the value of buildings,
personal property and other improvements to real estate. Land value taxes
are generally favored by economists as (unlike other taxes) it does not
cause economic inefficiency, and it tends to reduce inequality.
term refers to a property of
or defect in a physical object that causes it to deteriorate due
to the fundamental instability of its components. In the legal
sense, inherent vice may make an item an unacceptable risk to a
carrier or insurer. If the characteristic or defect is not visible, and if the carrier
or the insurer has not been warned of it, neither of them may be
liable for any claim arising solely out of the inherent vice.
is the practice of aggregating parcels of land
for future sale or development.
is land which is the property of some person
and all structures (also called improvements or fixtures) integrated with
or affixed to the land, including crops, buildings, machinery, wells,
dams, ponds, mines, canals, and roads, among other things. The term is
historic, arising from the now-discontinued form of action, which
distinguished between real property disputes and personal property
disputes. Personal property was, and continues to be, all property that is
not real property.
constitutes ownership of real property (land,
buildings and fixtures) that is independent of any superior landlord.
Allodial title is related to the concept of land held "in allodium", or
land ownership by occupancy and defense of the land. Allodial lands
are the absolute property of their owner and not subject to any rent,
service, or acknowledgment to a superior. Allodial title is therefore an
alternative to feudal
, which is a holder of the estate in land with considerable
rights of ownership or, simply put, an owner of land.
is an estate in land, a form of freehold
ownership. It is a way that real estate may be owned in common law
countries, and is the highest possible ownership interest that can be held
in real property. Allodial title is reserved to governments under a civil
law structure. The rights of the fee simple owner are limited by
government powers of taxation, compulsory purchase, police power, and
escheat, and it could also be limited further by certain encumbrances or
conditions in the deed, such as, for example, a condition that required
the land to be used as a public park, with a reversion interest in the
grantor if the condition fails; this is a fee simple conditional.
is to recover the possession of or title to land.
is a lawsuit brought in a court having
jurisdiction over property disputes, in order to establish a party's title
to real property, or personal property having a title, of against anyone
and everyone, and thus "quiet" any challenges or claims to the title.
is a claim on a residential
property for the homeowner's unpaid bills. When a lien is placed on a
home's title, it means that the owner cannot legally sell, refinance or
otherwise transfer a clear title of ownership to the home.
form of security interest granted over an item of property to secure the
payment of a debt or performance of some other obligation. The owner of
the property, who grants the lien, is referred to as the lienee and the
person who has the benefit of the lien is referred to as the lienor or
Real Estate Transaction
is the process
whereby rights in a unit of property (or designated real estate) is
transferred between two or more parties, e.g. in case of conveyance one
party being the seller(s) and the other being the buyer(s). It can often
be quite complicated due to the complexity of the
property rights being transferred
the amount of money being exchanged, and government regulations.
Conventions and requirements also vary considerably among different
countries of the world and among smaller legal entities (jurisdictions).
Money Alternatives - Jobs - Time Banks - Skills Exchange - Trading - Sharing
There should always be options and
on just one type of currency is stupid
on one style of business is also stupid
and dangerous, as clearly seen. Alternatives
could easily work when people are educated enough
about other means of exchange and trade, which would also help reduce
is the process of distributing or dispersing functions, powers, people or
things away from a central location and away from being under control of a
single authority so as to avoid corruption
system catastrophic failures or total
Medium of Exchange
that is generally accepted as a
standard of value
and a measure of wealth in a
particular country or region.
Medium of Exchange
is a system of
exchange where goods or services are directly exchanged for other goods or
services without using a medium of exchange, such as money.
involves the transfer of the ownership of goods
or services, from one person or entity to another, in exchange for money,
goods or services. A network that allows trade is called a market.
or private currency, is any currency used as an alternative to the
dominant national or multinational currency systems. They are created by
an individual, corporation, or organization, they can be created by
national, state, or local governments, or they can arise naturally as
people begin to use a certain commodity as a currency. Mutual credit is a
form of alternative currency, and thus any form of lending that does not
go through the banking system can be considered a form of alternative
is used to supplement a national
currency. It is an agreement to use a medium of exchange that is not
usually legal tender. The purpose may be to protect or stimulate a
particular economy. Another purpose may be to orientate the economy
towards social, environmental or political aims.
was a United States Note, also known as a Legal
Tender Note, a type of paper money that was issued from 1862 to 1971 in
the U.S. Having been current for over 100 years, they were issued for
longer than any other form of U.S. paper money.
Early American Currency
was during the American Revolution,
when the colonies became independent states; freed from British monetary
regulations, they issued paper money to pay for military expenses. The
Continental Congress also issued paper money during the Revolution, known
as Continental currency, to fund the war effort.
People to People Banking
is an online system that allows individual
members to complete financial transactions with one another by using an
auction style process that lets members offer loans
for a specific amount
and at a specific rate. Buyers have the option to look for an amount and
rate of interest that meets their needs. All members are categorized by
their risk level. Members can browse for other people based on various
demographic information. Since P2P banking does not use third party
banking institution intermediaries the rates and terms are often much more
favorable for the members. Unlike conventional banking where the spread
between deposit rates and lending rates are consumed to finance the bank's
administrative and logistic expenses, both lenders and borrowers get to
save such costs, while paying certain commission to the P2P portal
provider and/or the credit rating agency. P2P banking and financing has
been proposed as a method to accelerate the development renewable energy
projects while more equitably distributing the return on investment. These
concepts have now been instituted by Energy in Common and Kiva in their
Peer to Peer Banking
could also be used to fund public
services and businesses that are known to benefit people, improve living
conditions and create jobs. The return on the investment would be a better
People to People Banking
sometimes abbreviated P2P lending, is the
practice of lending money to individuals or businesses through online
services that match lenders with borrowers. Since peer-to-peer lending
companies offering these services generally operate online, they can run
with lower overhead and provide the service more cheaply than traditional
financial institutions. As a result, lenders can earn higher returns
compared to savings and investment products offered by banks, while
borrowers can borrow money at lower interest rates, even after the P2P
lending company has taken a fee for providing the match-making platform
and credit checking the borrower. there is the risk of the borrower
defaulting on the loans taken out from peer-lending websites
main purpose for lending money and giving people access to finances is to
make sure that we fund actions that are proven to improve the quality of
life continually, and also guarantee that important advancements continue.
It's basically investing in the future, and not just your own future, but
the future of the planet, which is the only planet that we know of that
can sustain human life comfortably. The goal is to encourage proper
maintenance of our health and the health of our environment, and to ensure
that human and technological development advances simultaneously. Leaving
no one behind guarantees our strength as a nation and as a people.
are direct transfer payments of money to eligible
people. Cash transfers are usually provided by the state and federal
is a method of electronic funds transfer from one person or
entity to another. A wire transfer can be made from one bank account to
another bank account or through a transfer of cash at a cash office.
Community Development Bank
are commercial banks that operate with a mission to generate economic
development in low- to moderate-income (LMI) geographical areas and serve
residents of these communities.
State Owned Bank
is a member-owned financial cooperative, democratically
controlled by its members, and operated for the purpose of promoting
thrift, providing credit at competitive rates, and providing other
financial services to its members.
is a deposit account held at a retail bank that pays
interest but cannot be used directly as money in the narrow sense of a
medium of exchange (for example, by writing a cheque). These accounts let
customers set aside a portion of their liquid assets while earning a
monetary return. The other major types of deposit accounts are the
transactional account (usually known as a "checking" (US) or "current"
(UK) account), money market account and time deposit.
is a savings account, current account or any other
type of bank account that allows money to be deposited and withdrawn by
the account holder.
or Checking Account
is a deposit account held at a bank or other financial institution. It is
available to the account owner "on demand" and is available for frequent
and immediate access by the account owner or to others as the account
owner may direct. Access may be in a variety of ways, such as cash
withdrawals, use of debit cards, cheques (checks) and electronic transfer.
In economic terms, the funds held in a transaction account are regarded as
liquid funds and in accounting terms they are considered as cash.
Public Banking Institute
Global Resource Bank
are adults who do not have their own bank accounts.
Along with the underbanked, they may rely on alternative financial
services for their financial needs, where these are available.
is an agreement, communication, or movement carried out
between a buyer and a seller to exchange an asset for payment. It involves
a change in the status of the finances of two or more businesses or
individuals. The buyer and seller are separate entities or objects, often
involving the exchange of items of value, such as information, goods,
services, and money. It is still a transaction if the goods are exchanged
at one time, and the money at another. This is known as a two-part
transaction: part one is giving the money, part two is receiving the goods.
Worker Owned - Employee Owned
shift decision-making power from
corporate managers and corporate shareholders to a larger group of public
stakeholders that includes
, neighbors and
the broader public. Self Govern
is a field of economics that incorporates
co-operative studies and political economy toward the study and management
, which is an
of persons united voluntarily to meet their common
economic, social, and cultural needs and aspirations through a
Employee Stock Ownership Plan
is an employee-owner program that
provides a company's workforce with an ownership interest in the company.
In an ESOP, companies provide their employees with stock ownership, often
at no upfront cost to the employees. ESOP shares, however, are part of
employees' remuneration for work performed. Shares are allocated to
employees and may be held in an ESOP trust until the employee retires or
leaves the company. The shares are then either bought back by the company
for redistribution or voided.
Employee-Owned Companies List
When workers own companies, the economy is more resilient
Empowering Employees - (VPRO Documentary) - 2015
Cooperative Home Care
- Los Angeles
Union Cooperative Initiative
is a cooperative owned and
. This control may be exercised in a number of ways. A cooperative
enterprise may mean a firm where every worker-owner participates in
decision-making in a democratic fashion, or it may refer to one in which
management is elected by every worker-owner, and it can refer to a
situation in which managers are considered, and treated as, workers of the
firm. In traditional forms of worker
, all shares are held by
the workforce with no outside or consumer owners, and each member has one
voting share. In practice, control by worker-owners may be exercised
through individual, collective, or majority ownership by the workforce; or
the retention of individual, collective, or majority voting rights
(exercised on a one-member one-vote basis). A worker cooperative,
therefore, has the characteristic that the majority of its workforce own
shares, and the majority of shares are owned by the workforce.
- Food Co-ops
is a corporation and
federation of worker cooperatives
based in the Basque region of Spain.
It was founded in the town of Mondragoe in 1956 by graduates of a local
technical college. Its first product was paraffin heaters. It is the
tenth-largest Spanish company in terms of asset turnover and the leading
business group in the Basque Country. At the end of 2014, it employed
74,117 people in 257 companies and organizations in four areas of
activity: finance, industry, retail and knowledge. By 2015, 74,335 people
were employed. Mondragon cooperatives operate in accordance with the
Statement on the Co-operative Identity maintained by the International
International Co-Operative Alliance
is a non-governmental
or, more precisely, a co-operative
co-operatives and the
co-operative movement worldwide
. It was founded in 1895 to unite,
represent and serve co-operatives worldwide. The Alliance maintains the
internationally recognised definition of a co-operative in the Statement
. The ICA represents 284 co-operative federations
and organisations in 95 countries. The Alliance provides a global voice
and forum for knowledge, expertise and co-ordinated action for and about
co-operatives. The members of the Alliance are international and national
co-operative organisations from all sectors of the economy, including
agriculture, banking, consumer, fisheries, health, housing, insurance, and
workers. The Alliance has members from 100 countries, representing close
to one billion individuals worldwide. Around one hundred million people
work for co-operatives globally. Co-operatives are values based businesses
owned by their members. Whether they are customers, employees or
residents, the members get an equal say in the business and a share of the
profits. In 2006 the ICA published the first major index of the world's
largest co-operative and mutual enterprises, the ICA Global 300, which
demonstrated the scale of the co-operative movement globally. On the first
Saturday of July each year, the ICA coordinates celebrations of
International Co-operative Day. In December 2009, the United Nations
declared 2012 as the International Year of Cooperatives.
is not socialism, it's just another way
of running a business. A business that is fair, a business
that is not corrupted or controlled by criminals, A business
that treats everyone equally, A business that is sustainable,
and so on. You have the same things as most businesses do, but
now you also have transparency and honesty.
(Workers take over factory to save their jobs).
Occupy, Resist, Produce!
is a for-profit Fairtrade
headquartered in West Bridgewater, Massachusetts. Equal Exchange
distributes organic, gourmet coffee, tea, sugar, bananas, avocados, cocoa,
and chocolate bars produced by farmer cooperatives in Latin America,
Africa and Asia.
Decentralized Autonomous Organization
is an organization
that is run through rules encoded as computer programs called smart
contracts. A DAO's financial transaction record and program rules are
maintained on a blockchain. There are several examples of this business
model. The precise legal status of this type of business organization is
New Economy Coalition
is an American nonprofit organization
based in Boston, Massachusetts, formerly known as the New Economics
Institute. It is a network of over 100 organizations working for what it
describes as the New Economy movement.
Open Source Ecology
is a network of farmers, engineers,
architects and supporters, whose main goal is the eventual manufacturing
of the Global Village Construction Set (GVCS).
is a cooperatively-owned, democratically-governed business
that uses a protocol, website or mobile app to facilitate the sale of
goods and services. Platform cooperatives are an alternative to venture
capital funded platforms insofar as they are owned and governed by those
who depend on them most—workers, users, and other relevant stakeholders.
Proponents of platform cooperativism claim that, by ensuring the financial
and social value of a platform circulate among these participants,
platform cooperatives will bring about a more equitable and fair
digitally-mediated economy in contrast with the extractive models of
corporate intermediaries. Platform cooperatives differ from traditional
cooperatives not only due to their use of digital technologies, but also
by their contribution to the commons for the purpose of fostering an
equitable social and economic landscape.
or Time-based currency is an alternative currency or exchange system where
the unit of account/value is the person-hour or some other time unit. Some
time-based currencies value everyone’s contributions equally: one hour
equals one service credit. In these systems, one person volunteers to work
for an hour for another person; thus, they are credited with one hour,
which they can redeem for an hour of service from another volunteer.
Others use time units that might be fractions of an hour (e.g. minutes,
ten minutes – 6 units/hour, or 15 minutes – 4 units/hour). While most
time-based exchange systems are service exchanges in that most exchange
involves the provision of services that can be measured in a time unit, it
is also possible to exchange goods by 'pricing' them in terms of the
average national hourly wage rate (e.g. if the average hourly rate is
$20/hour, then a commodity valued at $20 in the national currency would be
equivalent to 1 hour).
is a local currency used in Ithaca, New York
and is the oldest and largest local currency system in the United States
that is still operating. It has inspired other similar systems in Madison,
Wisconsin; Corvallis, Oregon.
Mi Time Banks
platform for advertising work offerings and wants, as well as a variety of
instruments for facilitating trade and exchange.
Social Peer-to-Peer Processes
are organized through the free
cooperation of equals in view of the performance of a common task, for the
creation of a common good, with forms of decision making and autonomy that
are widely distributed throughout the network.
- the collaborative production of use value is open
to participation and use to the widest possible number;
- production or project is
governed by the community of producers themselves, not by market
allocation or corporate hierarchy; peer property
- the use-value of property is freely accessible on a universal basis;
peer services and products
through new modes of property, which are not exclusive, though recognize
individual authorship (i.e. the GNU General Public License or the Creative
(P2P) in computing or
is a distributed application architecture that partitions
tasks or workloads between peers. Peers are equally privileged, equipotent
participants in the application. They are said to form a peer-to-peer
network of nodes. Peers make a portion of their resources, such as
processing power, disk storage or network bandwidth, directly available to
other network participants, without the need for central coordination by
servers or stable hosts. Peers are both suppliers and consumers of
resources, in contrast to the traditional client-server model in which the
consumption and supply of resources is divided. Emerging collaborative P2P
systems are going beyond the era of peers doing similar things while
sharing resources, and are looking for diverse peers that can bring in
unique resources and capabilities to a virtual community thereby
empowering it to engage in greater tasks beyond those that can be
accomplished by individual peers, yet that are beneficial to all the
Coincidence of wants
is the situation where the supplier of good A
wants good B and the supplier of good B wants good A.
is a marketable item produced to satisfy wants or
needs. Often the item is fungible. Economic commodities comprise goods and
is the selling price per unit minus the variable cost per unit.
“Contribution” represents the portion of sales revenue that is not
consumed by variable costs and so contributes to the coverage of fixed
costs. This concept is one of the key building blocks of break-even
Local Exchange Trading System
is a locally initiated,
democratically organised, not-for-profit community enterprise that
provides a community information service and records transactions of
members exchanging goods and services by using locally created currency. LETS allow people to negotiate the value of their own hours
Business Alliance for Local Living Economies
is a rare, naturally occurring metallic chemical
element of high economic value
. Chemically, the precious
to be less reactive than most elements
that are resistant to corrosion and oxidation in
Rare Earth Elements
are one of a set of
seventeen chemical elements
the periodic table, specifically the fifteen lanthanides, as well as
scandium and yttrium. Scandium and yttrium are considered rare earth
elements because they tend to occur in the same ore deposits as the
lanthanides and exhibit similar chemical properties. Rare earth elements
are cerium (Ce), dysprosium (Dy), erbium (Er), europium (Eu), gadolinium (Gd),
holmium (Ho), lanthanum (La), lutetium (Lu), neodymium (Nd), praseodymium
(Pr), promethium (Pm), samarium (Sm), scandium (Sc), terbium (Tb), thulium
(Tm), ytterbium (Yb) and yttrium (Y).
Rare Earth Elements
& Thorium Legislative Efforts - Jim Kennedy @ TEAC7
Researchers Publish Study on Rare-Earth Garnets
is a bright, slightly reddish yellow, dense, soft, malleable, and ductile
metal. Chemically, gold is a transition metal and a group 11 element. It
is one of the least reactive chemical elements and is solid under standard
conditions. Gold often occurs in free elemental (native) form, as nuggets
or grains, in rocks
, in veins, and in alluvial deposits. It occurs in a
solid solution series with the native element silver (as electrum) and
also naturally alloyed with copper and palladium. Less commonly, it occurs
in minerals as gold compounds, often with tellurium (gold tellurides).
Atomic number 79, resists attack by individual acids, Gold does not react
at any temperature. A total of
183,600 tonnes of gold is in
existence above ground
, as of 2014. The most malleable of all metals.
Good infrared detector.
Atomic number 47, exhibits the highest
conductivity, and reflectivity of any metal.
Atomic number 90, is a weakly radioactive element that decays very slowly
and occurs naturally in large quantities as a primordial element. Has the
longest half-life of all the significantly radioactive elements. It's an
Unlimited Energy Source
with an almost unlimited supply.
Abundance of Elements in Earth's Crust
is an Internet-based medium of exchange distinct from
physical (such as banknotes and coins
) that exhibits properties similar to
, but allows for instantaneous
transactions and borderless transfer-of-ownership. Both
and cryptocurrencies are types of digital currencies, but the converse is
incorrect. Like traditional money these currencies may be used to buy
physical goods and services but could also be restricted to certain
communities such as for example for use inside an on-line game or social
network. Digital Currency
is a type of
available only in digital form, not in
physical (such as banknotes and coins). It exhibits properties similar to
physical currencies, but allows for instantaneous transactions and
borderless transfer-of-ownership. Examples include virtual currencies and
cryptocurrencies or even central bank issued "digital
". Like traditional money, these currencies may be used to
buy physical goods and services, but may also be restricted to certain
communities such as for use inside an online game or social network.
Digital currency is a money balance recorded electronically on a
stored-value card or other device. Another form of electronic money is
network money, allowing the transfer of value on computer networks,
particularly the Internet. Electronic money is also a claim on a private
bank or other financial institution such as bank deposits. Digital money
can either be centralized, where there is a central point of control over
the money supply, or decentralized, where the control over the money
supply can come from various sources.
is a medium of exchange using cryptography to secure
the transactions and to control the creation of additional units of the
currency. Cryptocurrencies are a subset of alternative currencies, or
specifically of digital currencies.
or e-money, is the money balance recorded
electronically on a stored-value card. These cards have microprocessors
embedded which can be loaded with a monetary value. Another form of
electronic money is network money, software that allows the
transfer of value on computer networks
, particularly the internet.
Electronic money is a floating claim on a private bank or other financial
institution that is not linked to any particular account. Examples of
electronic money are bank deposits, electronic funds transfer, direct
deposit, payment processors, and digital currencies.
works by placing money in the control of an independent and
licensed third party in order to protect both buyer and seller in a
transaction. Escrow generally refers to money held by a third-party on
behalf of transacting parties.
is a transaction, or forum for transactions,
which involve more than two parties. For example, Alice gives Bob an apple
in exchange for an orange, that is a bilateral exchange. A multilateral
exchange would involve a third party, for example: Alice gives an apple to
Bob who gives an orange to Charles, who gives a pear to Alice.
is when a small group of banks need to make many payments to each other,
of adding up the payments and cancelling them out before settling the
Society World Numbers
Why We Need A
Moneyless Society David Harvey
introduced on 31 October 2008 to a cryptography mailing list.
The system is peer-to-peer and transactions take place between users
directly, without an intermediary. These transactions are verified by
network nodes and recorded in a public distributed ledger called the
blockchain, which uses bitcoin as its unit of account. Since the system
works without a central repository or single administrator, the U.S.
Treasury categorizes bitcoin as a decentralized virtual currency. Bitcoin
is often called the first cryptocurrency, although prior systems existed
and it is more correctly described as the first decentralized digital
currency. Bitcoin is the largest of its kind in terms of total market
Peer to Peer
Personal information is Private
is the process of distributing or dispersing functions, powers, people or
things away from a central location and away from being under control of a
single authority so as to avoid corruption
system catastrophic failures or total
is the allocation of resources, both hardware
and software, to each individual workstation, or office location. In
contrast, centralized computing exists when the majority of functions are
carried out, or obtained from a remote centralized location. A
decentralized system can use the potential of these systems to maximize
efficiency. They also make the system as a whole less vulnerable, like
when decreasing diversity. Decentralized Money.
is a model in which components located on
coordinate their actions by passing
. The components interact with each other in order to achieve
a common goal
Decentralized Autonomous Organization
is an organization that is run
through rules encoded as computer programs called smart contracts.
is a computer protocol intended to facilitate, verify,
or enforce the negotiation or performance of a
. Smart contracts allow to
perform credible transactions without third parties. These transactions
are trackable and irreversible.
Random Numbers makes it hard for thieves
. Researchers can generate
perfectly random numbers by using the quantum properties of light.
Whenever we need to communicate in secret, a cryptographic key is needed.
For this key to work, it must consist of numbers chosen at random without
Bitcoin Story (2015)
(hulu 35 min)
Rise and Rise of Bitcoin
(6/01/2015 | 02:07)
What is Bitcoin
is the principal book or computer file for recording
and totaling economic transactions measured in terms of a monetary unit of
account by account type, with debits and credits in separate columns and a
beginning monetary balance and ending monetary balance for each account.
- Brand-Controlled Currency.
is a transaction database shared by all nodes
participating in a system based on the Bitcoin protocol. A full copy of a
currency's block chain contains every transaction ever executed in the
currency. With this information, one can find out how much value belonged
to each address at any point in history. Blockchain is a basically a
stores any kind of transaction
secure 'block' that's shared across independent computers. It's the
technology behind the cryptocurrency Bitcoin, but it is quickly
transitioning to other uses, like digital home deeds, municipal bonds.
Blockchain Research Institute in Toronto
Blockchain-Based Voting App
Block Chain Database
is a distributed database
that maintains a continuously-growing list of records called blocks. Each
block contains a timestamp and a link to a previous block. The data in a
block cannot be altered retrospectively.
How the Blockchain will radically transform the economy: Bettina Warburg
(video and interactive text)
Accounting Information System
is a system of collecting, storing and
processing financial and accounting data that are used by decision makers.
An accounting information system is generally a computer-based method for
tracking accounting activity in conjunction with information technology
Proof of Work
is a piece of data which is difficult (costly,
time-consuming) to produce but easy for others to verify and which
satisfies certain requirements. Producing a proof of work can be a random
process with low probability so that a lot of trial and error is required
on average before a valid proof of work is generated. Bitcoin uses the
Hashcash proof of work system. One application of this idea is using
Hashcash as a method to preventing email spam, requiring a proof of work
on the email's contents (including the To address), on every email.
Legitimate emails will be able to do the work to generate the proof easily
(not much work is required for a single email), but mass spam emailers
will have difficulty generating the required proofs (which would require
huge computational resources). Hashcash proofs of work are used in Bitcoin
for block generation. In order for a block to be accepted by network
participants, miners must complete a proof of work which covers all of the
data in the block. The difficulty of this work is adjusted so as to limit
the rate at which new blocks can be generated by the network to one every
10 minutes. Due to the very low probability of successful generation, this
makes it unpredictable which worker computer in the network will be able
to generate the next block.For a block to be valid it must hash to a value
less than the current target; this means that each block indicates that
work has been done generating it. Each block contains the hash of the
preceding block, thus each block has a chain of blocks that together
contain a large amount of work. Changing a block (which can only be done
by making a new block containing the same predecessor) requires
regenerating all successors and redoing the work they contain. This
protects the block chain from tampering.
is an economic measure to deter denial of service
attacks and other service abuses such as spam on a network by requiring
some work from the service requester, usually meaning processing time by a
is a type of algorithm by which a cryptocurrency
blockchain network aims to achieve distributed consensus. In PoS-based
cryptocurrencies the creator of the next block is chosen via various
combinations of random selection and wealth or age (i.e., the stake). In
contrast, the algorithm of proof-of-work-based cryptocurrencies such as
bitcoin uses mining; that is, the solving of computationally intensive
puzzles to validate transactions and create new blocks. (PoS).
is a solution to the scalability,
latency and transaction throughput issues. Sharding is a concept that's
widely used in databases, to make them more efficient. In case of the
blockchain, each node will have only a part of the data on the blockchain,
and not the entire information, when sharding is implemented.
is a public blockchain-based distributed computing
platform, featuring smart contract functionality. It provides a
decentralized virtual machine, the Ethereum Virtual Machine (EVM), that
can execute peer-to-peer contracts using a cryptocurrency called ether.
Energy-Efficient Security Mechanisms for Digital Currency
It's disturbing that politicians and banking criminals
want to regulate Bitcoin. They don't want people to have freedom which is
a direct violation of the US constitution. They use ignorant excuses like
people buying drugs and money laundering, which are the crimes that banks
and politicians commit daily. And they also claim they want to protect the
consumer, which is a lie. They're using the justice
as a weapon
against Americans. These ignorant scumbags who want to regulate peoples
freedom of choice have no shame and they are a serious threat to every
human on the planet, even all life. This sounds harsh, but it's not that
harsh when you're the victim. But even then, you may still not fully
understand this type of corruption
even when you suffer from it, or profit
The problem with Bitcoin
is that people are getting wealthy the
same way that Banks do, by skimming money out of the system
without actually adding any value to the system
. We have to know
what work was preformed? We have to know if society benefited
from your work? We have to know what valued service you are
performing? We have to know why you demand a much higher salary
then other people? People who's work may be more valuable then
your work, and also less destructive. If you use people, time,
money, energy and resources that would benefit thousands of
people, just to only benefit yourself, than there is something
wrong, and this something needs to be explained. Fluctuations in
a system should only be in response to peoples needs, and to the
needs of the environment. If we use a currency that has a
fluctuating value, and it we use a currency that can have it's
value accumulated in uncontrolled areas, then we are doing the
same thing as the banks. But the good news is that the Bitcoin
software has the ability to correct these problems of
fluctuating value and hoarding. But just having technology does
not solve the entire problem. We have to educate the public and
make sure that everyone is fully informed on how to use
technology effectively and efficiently, and also know how to use
knowledge and information effectively and efficiently. We're
almost there. All corruption is derived from ignorance, so when
we reduce the ignorance, we will also reduce corruption, waste
Bitcoin is a great idea, but it only solves a small piece of a
much larger problem. And this problem is a problem that we can
solve, we just have to learn how to solve it. We have
technology, now we need intelligence.
New Algorithm for Crypto-Currency
Equihash mathematical algorithm is a
core component for the new cryptocurrency.
a cryptocurrency aimed at using cryptography to provide enhanced privacy
for its users compared to other cryptocurrencies such as Bitcoin. Like
has a fixed
total supply of 21 million units.
The Money Fix
(youtube)Money Saving Ideas
Living without Money
Community Knowledge Sharing
The End of Ownership
(VPRO Backlight, 47:52)
there's nothing that could stop us from taking care of each
other, or from printing our own money."
The bottom line is our
exchanges and hour banks still have to be
. Supporting the same ignorant practices, or businesses, using a new
method of exchange will not get us anywhere. We have to support
businesses that make a positive difference in the world and have
a direct positive impact on the local community. We must support
services that are sustainable and not wasteful or polluting. We
must not trade convenience for life. We can still have our
luxuries, but we just have to be more aware and respectable,
which would take a little extra effort, innovation and an
Improvement in Education
If all the bit-coins were only used by people who practiced
, then every time someone used this currency they
would be directly supporting environmentally sound living.
Free Money ?
will only work when people are fully educated
and when people can also provide some type of
in return for the money.
You just can't give people money with no strings
or with no instructions
on how to use the money effectively
and efficiently. To make money unconditional would be a
and problematic, just as
it is now. Giving people just money will only benefit people if people know how
the money wisely. People with money
can easily accelerate our
decay and abuse if they make bad choices with their money, as
they do now, especially the people who are
. But everyone should be funded as long as they are
providing a necessary service
that is beneficial to them and to
other people. Pay people to go to school
learn skills for jobs
that we know we will need. Like
who can provide many different
services for monitoring
the world so
citizens can be alerted of possible dangers. All
should be paid as long as they are
providing a sustainable solution
to a problem.
Every service provided should have an
that we can show people how they can gradually become
self-sustaining. We don't want to encourage
, we want to encourage independencies, so that people can live
happier lives with more freedom
and more stability.
Plus, we don't want a basic income to allow
the wealthy and powerful to continue to steal more
, waste more, abuse more and poison the
environment more. Basic income should not be
, it should only be about
common sense. We also need to provide basic needs
as well as, make living affordable
. This way the
basic income will not make its way back into the hands of criminals, like
it does now with social security, food stamps and health insurance. We
live in a Trickle Up Economy
rich get richer
the poorer get poorer
Guaranteed Minimum Income
is a system of social welfare provision that
guarantees that all citizens or families have an
income sufficient to live on
, provided they meet certain conditions.
Eligibility is typically determined by citizenship, a means test, and
either availability for the
willingness to perform community services
The primary goal of a guaranteed minimum income is to reduce
. If citizenship is the only
requirement, the system turns into a universal basic income.
"Guarantee Income would be great for parents who have to work 2 or three
jobs just to support their family. Parents need to spend more quality time
with their children. And everyone also needs access to knowledge and
information that would allow them to increase their knowledge about
themselves and the world around them. A family that learns together stays
is a new kind of welfare program
in which all citizens (or permanent residents) of a country receive a
regular, livable and unconditional sum of money, from the government. From
that follows, among other things, that there is no state requirement to
work or to look for work in such a society. The payment is also, in such a
pure basic income, totally independent of any
. An unconditional income that is sufficient to meet a
person's basic needs
(at or above the poverty
line), is called full basic income, while if it is less than that amount,
it is called partial. Basic income can be implemented nationally,
regionally or locally. Some welfare systems are related to basic income
but have certain conditions.
Universal Basic Income Worked in 2018
Swiss Referendums, 2016
popular initiative for a basic
The Peckham Experiment
was an experiment designed to
determine whether people as a whole would, given the opportunity, take a
vested interest in their own health and fitness and expend effort to
maintain it. The experiment took place between 1926 and 1950, initially
generated by rising public concern over the health of the working class
and an increasing interest in preventative
is replenishment of a previously inflicted loss by the
to the victim.
is a common form of reparation.Financial Aid Types
is to distribute money
the expectation of some benefit
in the future.
is a retirement and disability program that
pays people money
. In 2015, Social Security
expenditures totaled $750.5 billion for OASDI and $146.6 billion for DI.
is a fund from which payments
are drawn to support
retirement from work in the form of periodic payments. To help pay peoples
living expenses so they can
and Relax and still be
and provide some type of
in their community instead of being a total
burden on society
just like some big corporations
and or property
that given to a person.
seeks to implement social care through understanding how social and
economic conditions impact health, disease and the practice of medicine,
which this understanding can lead to a healthier society.
is a form of Financial Aid
or support extended to an economic sector (or
institution, business, or individual) generally with the aim of promoting
economic and social policy. Food Stamps
is the act of compensating
someone for an out-of-pocket
expense by giving them an amount of money equal to what was spent.
daily allowance is a specific amount of money
an organization gives an
individual, often an employee, per day to cover living
when traveling for
is an amount of money given or allotted usually at regular
intervals for a specific
amount of something that is permitted, especially within a set of
regulations or for a specified purpose.
Study Links Parental Support and Career Success of Children
is a small sum of money given
to a child, by a parent or guardian.
is a fixed payment, generally small and occurring at
regular intervals. A modest allowance. A scholarship granted to a student.
is financial aid for a
student to further their education.
Student Financial Aid
is a sum of money or total of
assets devoted to a special purpose. Money set aside by formal action for
a specific use.Seed Money
(funding - grants)
was an experimental Canadian guaranteed annual income project
that was held in Manitoba, during the 1970's. The purpose of this
experiment was to assess the social impact of a guaranteed,
annual income, including whether a program of this nature would cause
disincentives to work for the recipients and how great such a disincentive
would be. (Of course the wealthy scumbags apposed this, because how will
the rich control and manipulate the poor when the poor have everything
they need. So it makes perfect sense that we would also have a guarantee
of a free high quality college education for everyone. Because everyone
knows that you just can't have a bunch of idiots with money, the wealthy
have definitely proven that to be a sad fact many times over throughout
human history).Spend Wisely Together
But we first have to learn how to communicate this information to everyone
that helps people to make wise and practical decisions collectively, the
kind of decisions that will benefit everyone and also help make
improvements that can be measured and understood by everyone. This way
everyone will know that they are a member of society and that they can see
first hand how their decisions make a difference in their life and in the
world around them.
.No Strings Attached
is when an offer or opportunity carries no special conditions or
When you give money or pay money to people
you have to know if people are using the money wisely to maximize their
output. Does the money or services people receive lower operating costs of
peoples lives and increase the quality of living? Is there a feedback loop
that measures the complete cycle of production, consumption and return on
investment? You don't want to feed people who waste food. You don't want
to give people electricity if they waste energy.
is not the
money, it is the Hours spent, Labor used, Waste generated, Machines used,
Resources used, and the Return of investment. Are people more productive?
Does the service make improvements? Define the inputs and the outputs, and
the cause and effects
The responsibility of Money is not just about
managing your own personal budget
. Everyone needs to know who
prints and makes the money and know the actual names of the people in
charge? Everyone needs to know who manages the amount of money that's
needed to be in circulation? Everyone needs to know how many people are
committing crimes because of money? Everyone needs to know how money is
being spent in their town, and in their country? Everyone is responsible
for the whole system of money. You must know the names of the people who
are in charge of these responsibilities. People will only be
when they are held
accountable, because people do not always do the right thing on their own.
Everyone needs to know how many people are hoarding
because money is a shared resource. And every human has the
right to have the assurance
that money gives. No human should ever be without money or be abused
because they have no money. This is why people need to be informed and
educated. People will never be able to make improvements or stop the
corruption if they never learn how to do it.
is everyone's first and most important responsibility.
Ignorance is no longer affordable.
Cash Payments Prompt Tropical Forest users to Harvest Less
shows people cut 48
percent fewer trees
when paid to conserve.
also referred to as mobile money, mobile money
transfer, and mobile wallet, is generally refer to payment services
operated under financial regulation and performed from or via a
. Instead of paying with cash, cheque, or credit cards, a consumer
can use a mobile to pay for a wide range of services and digital or hard
goods. Although the concept of using non-coin-based currency systems has a
long history, it is only recently that the technology to support such
systems has become widely available. Mobile payment is being adopted all
over the world in different ways.
systems are credit cards and debit cards, key
fobs, smart cards, or other devices, including
mobile devices, that use radio-frequency identification (RFID) or near
field communication (NFC, e.g. ATAR pay, Samsung Pay, Apple Pay, Android
Pay, Fitbit Pay, or any bank mobile application that support Contactless)
for making secure payments. The embedded chip and antenna enable consumers
to wave their card, fob, or handheld device over a reader at the point of
sale terminal. Contactless payments are made in close physical proximity,
unlike mobile payments which use broad-area
Cellular or WiFi Networks
do not involve close physical proximity.
Every person with a Smartphone can be a contributor of information
information that would benefit their community and the city were they live
in. But people need to be compensated for the information they provide
and they also need to fully understand how their information is being used
and why. People should not just be contributors of information, but also
fully understand the impacts that they have on their life and the world
around them. This knowledge will give every person alive the shared
responsibility of power that will give everyone almost total control of
life on planet earth. Every person alive will understand the value of
their life and also know how important they are as an individual. It's
extremely important that people share data, because it's a vital process
of life. But when corporations can exploit
, then this is a problem that we need to solve.
Everyone needs to be comfortable with
. People should also know how criminals can
so people are more aware and can also learn how to stop this
criminal activity from causing more harm or damage then it has already
done. Just Knowing the risks of abuse is not enough, people have to know
how to keep themselves safe and know how to defend themselves when needed.
So people will have to know how to identify criminal activity when they
see it. But don't worry, all the good things in life will still look the same, but
many things that are wrong and bad will need to be improved and changed simultaneously.
A smooth transition is essential, but don't count on it.
The Human Data Marketplace
represents an estimated $150B to $200B annually
. Our inherent human
data is being bought and sold without our consent, authorization,
consideration, or compensation.
administration is almost completely digital to
and boost economic
has created one platform that supports electronic
authentication and digital signatures to enable paperless communications
across both the private and public sectors. There are still a few things
that you can't do electronically in
: marry, divorce or transfer property — and that's only because
the government has decided it was important to turn up in person for some
big life events. It also has a backup plan to restore digital services in
the event of a disaster, or an invasion or severe cyber-attacks. Servers
in Estonian embassies in other countries would give the government a
chance to boot up elsewhere if needed.
social linked data, is a proposed set of conventions and tools for
building decentralized Web applications based on
Linked Data Principles
is modular and extensible. It relies as much as possible on existing W3C
standards and protocols.
True data ownership as well as improved privacy
Assembly Bill No. 375 Privacy: Personal Information: Businesses
act to add Title 1.81.5 (commencing with Section 1798.100) to Part 4 of
Division 3 of the Civil Code, relating to privacy. The California
Constitution grants a right of privacy. Existing law provides for the
confidentiality of personal information
in various contexts and requires a business or person that suffers a
breach of security of computerized data that includes personal
information, as defined, to disclose that breach, as specified.How are you going to force
people to work crappy low paying jobs
? Governments and corporations
do it by exploiting even poorer people. But instead, we should allow
to fade out that society does not need, and also at the same
time, we should subsidize the jobs that society does need and can't live
without. Eventually everyone will work and no one will get hurt.
Prisoners with jobs
Everyone has the right to know the
cause and effect
of all their actions from start to finish throughout the whole supply
chain, including all the inputs and outputs. Everyone has the right to
know the cause and effect of all the actions their company is involved in
from start to finish? True Cost
needs free time to explore their interests and do the things they enjoy
doing. And everyone also needs quality time to spend with loved ones. But
you shouldn't have time to waste, and you shouldn't have time to abuse
other people or to abuse the environment. That is not what time is for.
Work Requirements for Medicaid
- Conditional, just like life is, as
long as the work is relevant and important.
What you do after work is just as important as what you do for work.
The value of your life is just as important as what the value of your
work. What is the true cost and the entire cost of your life? What is the
true cost of the work and service that you provide?
You need to count the things that matter
What if you could turn plastic trash into cash?: David Katz
Invisible Temporary Workforce
Economy. Over-qualified for entry-level jobs and
under-qualified for the jobs. Some are felons, floozies, single moms, the
differently abled, students, immigrants, the homeless. As
has grown, the
quality of jobs has deteriorated, and temps now earn 20 to 25 percent less
an hour than those who work as direct hires. Most temp Jobs fail to pay
health benefits and are guilty of wage theft, while providing dehumanizing
work with numerous safety violations.
In 2018 one in five workers
is a contract
, and in ten years, contractors and
could make up half of the workforce. Of course we will have to provide
employee health benefits for temps. Like owning your own small business.
You have to have training, legal protections and a safety net to deal with
fluctuating incomes. 65 percent of contract workers are men and 62 percent
are under 45. Black Car
- Workers' Compensation insurance to Black Car operators in the
state of New York.Flexible Work Programs
are work arrangements
wherein employees are given greater
in how they fulfill the
of their positions.
Other common flexible working arrangements involve telecommuting,
job-sharing, and compressed work weeks.Gig Economy
environment in which temporary positions
are common and organizations
with independent workers for short-term engagements.
is an organization which matches employers to
employees. In all developed countries, there is a publicly funded
employment agency and multiple private businesses which act as employment
What about jobs that have a lot of Down Time?
There is no such thing as down time for a human, unless you are talking
about sleeping. There is only time and what you do with it. If you can't
do one thing then you do another. Unless you are in a prison cell with
nothing but walls, then you have no excuse for not doing something else.
Same goes for boredom
boredom is just another way of saying I forgot my abilities and I forgot
that there is always something else to do. And one of the most important
that you have,
and need to do often, is to keep learning. You have a brain, use or lose
is time during which a machine, especially a computer, is out of action or
unavailable for use. The time during which production is stopped
especially during setup for an operation or when making repairs or
How are you going to get people to fight wars
Governments and corporations do it by
they have very little choice, that's why most minorities join military
services. So how do you get people to
join military services
? By making it a needed service, and not by
using people as a weapon for corporations
So you see, improving education and making education
more available is the only way to solve these problems.
directly to people living in extreme poverty
The Short-term Impact of Unconditional Cash Transfers to the Poor:
Experimental Evidence from Kenya
is dangerous. The goal
should always be Self-Reliant
and the ability to
is a transfer of money by a foreign
to an individual
in his or her home country. Money sent home by migrants competes with
international aid as one of the largest financial inflows to developing
countries. Workers' remittances are a significant part of international
capital flows, especially with regard to labour-exporting countries. In
2014, $436 billion went to developing countries, setting a new record.
Overall global remittances totaled $582 billion in 2015. Some countries,
such as India and China, receive tens of billions of US dollars in
remittances each year from their expatriates. In 2014, India received an
estimated $70 billion and China an estimated $64 billion.
is a mode of exchange where valuables are not
sold, but rather given without an explicit agreement for immediate or
future rewards. This contrasts with a barter economy or a market economy,
where goods and services are primarily exchanged for value received.
Social norms and custom govern gift exchange. Gifts are not given in an
explicit exchange of goods or services for money or some other commodity.
Giving without explaining or educating, or giving without understanding
cause and effects
is wrong, bad and dangerous.
Paying youth to stay out of trouble
Comprehensive Homicide Initiative
History of Money
Soon you will not be able to buy anything you want just because you have
the money to do so
. You will have to earn things. Everyone will be
rated on the type of work they do and how much that work benefits society.
They will also be rated by their energy use, whether they used energy
effectively and efficiently. Power companies are already doing this.
People will also be rated by how much waste they produce, and that
they don't waste resources by using them responsibly. So this will
eventually stop people from using money as an excuse for being inhumane or
criminal towards life and other people, like it does today. Now you will
have to earn your way. Earn
reward in return for a valuable service given, or from the efforts or
actions that resulted in measurable benefits.
Basic Income Pros and Cons
problem or scenario that people think that will happen because of basic
income are already happening. People
pretend and assume to know
something means before all the details have been presented and finalized.
People use ignorant labels like social engineering, communism and
socialism when they have no idea what they are talking about. People talk
about how bad some idea is before they even understand it. So their
reasoning is just questions that they have. They believe that the
questions that they don't know the answer to are the reasons why they
should say no. No is not a question, and you can't answer your own
question when you have never asked a question to begin with. This is why
ignorant people should always have a right to speak, because even the
dumbest comments will reveal some kid of risk, which is the reason we have
to have warning labels on things, because people are sometimes that
stupid or undereducated. What will be the
incentive to work when people are given money?
and information. People need to know what is good and bad, right and
wrong. Education needs to improve. Input, output, cause and effect, and
productivity need to be understood. If you didn't
pay for something or work hard for something
then you will not
respect it and it will not last long, like millions of people do today.
Even when people work hard for something this does not say that they will
respect it more. You have to learn how to respect things. Again, Education
needs to improve. People will not improve
themselves or better themselves when things are given to them?
Again, Education needs to improve. People need to learn how to improve
themselves and better themselves. Where will the
money come from?
Over 40 million people are already on food stamps,
millions are on social security, Medicare, receiving pensions and
disability checks, bonuses and getting bailouts. And
most money is electronic
and not printed. Inflation is
mostly caused by ignorance and corruption, and not just from printing more
money. You can't give money and expect nothing in
, especially when someone hasn't done anything to deserve it or
earn it. Peoples morals would be corrupted and people will become lazy and
dependent. Answer: Ask every wealthy person that same question. What do
rich people do in return for their wealth? You
just can't give money to people the same way you don't give a drivers
license to anyone.
People need to understand restrictions which are
just instructions. You don't want to tell people that they can spend the money anyway
they want, for the same reason why you wouldn't say to someone to drive
anywhere they want. You don't want people spending money on things that harms
themselves or harms other people or the environment. There are good
ways and bad ways to spend money and people need to have this knowledge
and information. Tax is not theft
everyone understands and knows where the tax money is going and how it's used,
like services and infrastructure, and so on.
It's not a
world without money
, it's about having more
choices to be more effective and more efficient. There are
vulnerabilities, risks and benefits with both physical money and digital
money. If one method does not work, then you need an alternative. Credit,
bartering and trading will always be essential tools and skills to have,
which means that knowledge and information will always be the most
important currency that a human can have.
Money has not enslaved people
, ignorance has enslaved people.
We want to make the
system easy, but we don't want to disconnect people from reality either.
Basic income is not just about giving people money. This is about
implementing a new system that will be more effective and more efficient,
and be fair and logical. It will be a big transition.
Get Paid to Learn - Learn and Earn
When you're Learning you're Earning - Get
Paid to Train and Gain - Win for Life
PAY TO LEARN GAME
platform using Learn to Read Software
. Pay to Learn using a point scoring system, points
equal Currency and Intelligence Level. Money is not the reward for
learning, the actual reward is the value of knowledge.
Learn to Speak a letter, score 1 point each.
a letter, score 2 points each.
Learn to Speak vowel sounds, score 3 points each.
Add letters together to form a word, score 5 points
to Read words, score 10 points each. (15 points for important words)
Meaning of a word, score
points each. (25 points for important words)
Learn how to Use a word in
a sentence, score 30 points.
Learn how to Read complete sentences,
score 40 points each.
Learn how to Comprehend a written message, score 50 points each.
how to Use language to express an idea, score 100 points each.
monetary value of Points will vary depending on the country you live in.
Points value will vary from a penny to a dollar depending on the exchange
rate of your preferred currency needed, inflation or cost of living where
you live, and special needs. Money can be sent to phone or to a debit
card. cash or products can be delivered by drone or by courier.
Testing will be automated and live person assisted.
Immediate Rewards Boosts Motivation
As you learn to
read you will also be reading to learn. So when a person finishes the
learn to read courses, they will be intelligent and highly skilled.
as you Train for a New Job
Learn to Read Teaching Software will include all major subjects: math,
science, geography, law, communication, phycology, local history, world
history, social intelligence, and so on. There will also be several levels
from beginner to expert.
Employers and Universities
will be notified when a student completes the learn to read courses. So
and Universities can then send you offers. And student will be
until the student contacts
them. So Employers and Universities will not know the students gender or
race. The only things they will know is that you are intelligent and
highly skilled. If a student finishes the courses by the age of 10, they
will not be employable because of child labor laws. However, the younger
students who finish before their 18th birthday can still continue to a
learn from more advance courses. And when they are 16 or 18, they can then
make themselves known to Employers that you are ready for work.
long the it will take to complete will depend on the student and their
current situation. 5 years is the estimated time it will take to finish
all the courses. But there will also be advanced expert levels that may
take more time to finish.
This will be similar to the Military. But
instead of paying people to learn how to kill, we will be paying people to
learn how to live intelligently. And if the military incorporated this
education into their training, they would eventually have the most
powerful army in the world. An army of intelligent people who are trained
to protect life, instead of being trained to destroy life. Not to say that
we will not a have a military, because we still need one. It's just that
military personal will also be intelligent, and not just strong. We want
intelligent people to be trained on how to use weapons, especially the
weapon between their ears.
This company pays kids to do their math homework: Mohamad Jebara
(video and text)
Money Saving Ideas - Frugal - Thrifty
Being frugal helps alleviate some of the waste and abuse, but the problem with money still exists
is the quality of being frugal, sparing,
thrifty, prudent or economical in the consumption of consumable
resources such as food, time or money, and
lavishness or extravagance or Planned
is spending money or resources
, wastefully and extravagantly.
is recklessly extravagant or
wasteful in the use of resources.Immoderate
is not being sensible
, to a point that you're excessive.
is lacking restraint and
spending money or using resources.Improvident
is not having or showing foresight
Living on a Dime
Retail me not
Free Directory Assistance
Free Trees & Plants
Pay as you Go
cell phone only costs me $100.00 a year. That gives
me 400 minutes or almost 7 hours of talk time for the year. I use a
land line to retrieve cell phone massages and return calls.
Less Microwaves too
Pay-As-You-Go Cell Phone
No Contract Cell phone
Safelink Lifeline Program
created the world’s first ethical, modular
Deals at Yahoo
Shop 4 Freebies
Yard Sale Treasure Map
Yard Sale Ad
Garage Sale Finder
Yard Sale How To Info
Swap o Rama Rama
Crafting a Green World
Live on Practically Nothing
Kids Meal Deals
Coupon Codes 4 U
My Grocery Deals
Food Assistance Programs
Basic Needs Services
"If you only buy what you need, then you will always have what
you need. So don't buy what you want, buy what you need."
What being Frugal isn't...
is to seek to obtain (something,
typically food or money) at the expense or through the generosity of
others or by stealth. To obtain something of moderate or inconsequential
value from another. To acquire by such dubious ways as habitual borrowing,
begging, foraging, scavenging, pilfering, etc; cadge, mooch. Collect or
look around for (food). Obtain or seek to obtain by cadging or wheedling.
(tries to get something free). Ask for and get free; be a parasite.
Ideas for Change
Certified Public Accountant
must pass the
Uniform Certified Public Accountant Examination
(Uniform CPA Exam).
American Institute of CPA's
a systematic and independent examination of books, accounts, statutory
records, documents and vouchers of an organization to ascertain how far
the financial statements as well as non-financial disclosures present a
true and fair view of the concern.
Cooking the Books
systematic misrepresentation of the
true income and assets of corporations or other organizations
accounting" has been at the root of a number of accounting scandals, and
many proposals for accounting reform – usually centering on an updated
analysis of capital and factors of production that would correctly reflect
how value is added. Fudged Data
Financial Planning Program
Have attorney to establish appropriate trust vehicles,
charitable lead trust, and investment portfolio with your goals
Make sure a
Certified Financial Planner
has these credentials.
(Designations and licenses, Education, Experience, Fees and
compensation, Services and work philosophy).
Small Business Accounting Software That Makes Billing Painless.
My Money Management
is the ability to understand how money works in the
world: how someone manages to earn or make it, how that person manages it,
how he/she invests it (turn it into more) and how that person donates it
to help others. More specifically, it refers to the set of skills and
knowledge that allows an individual to make informed and effective
decisions with all of their financial resources.
is the measurement, processing, and communication of
entities such as businesses and corporations.
is the measurement, processing and communication
of financial information about economic entities such as businesses and
Account or Bookkeeping
refers to assets, liabilities, income,
expenses, and equity, as represented by individual ledger pages, to which
changes in value are chronologically recorded with debit and credit
entries. These entries, referred to as postings, become part of a book of
final entry or ledger. Examples of common financial accounts are sales,
accounts receivable, mortgages, loans, PP&E, common stock, sales,
services, wages and payroll. A chart of accounts provides a listing of all
financial accounts used by particular business, organization, or
government agency. The system of recording, verifying, and reporting such
information is called accounting. Practitioners of accounting are called
is the recording of financial transactions, and is part of
the process of accounting in business. Transactions include purchases,
sales, receipts, and payments by an individual person or an
organization/corporation. There are several standard methods of
bookkeeping, such as the single-entry bookkeeping system and the
double-entry bookkeeping system, but, while they may be thought of as
"real" bookkeeping, any process that involves the recording of financial
transactions is a bookkeeping process.
Double-Entry Bookkeeping System
double entry system of accounting or
bookkeeping means that every business transaction will involve two
accounts (or more). For example, when a company borrows money from its
bank, the company's Cash account will increase and its liability
account Loans Payable will increase. Double-entry bookkeeping, in
accounting, is a system of bookkeeping so named because every entry to an
account requires a corresponding and opposite entry to a different
account. The double entry has two equal and corresponding sides known as
debit and credit. The left-hand side is debit and right-hand side is
Debits and Credits
are entries made in account ledgers to record
changes in value resulting from business transactions. If cash is spent in
a business transaction, the cash account is credited (that is, an entry is
made on the right side of the T-Account's ledger), and conversely, when
cash is obtained in a business transaction, it is described as a debit
(that is, an entry is made on the left side of the T-Account's ledger).
Debits and Credits can occur in any account. For simplicity it is often
best to view Debits as positive numbers and Credits as negative numbers.
is the specialty practice area of accounting that
describes engagements that result from actual or anticipated disputes or
litigation. "The work performed and reports issued will often provide
answers to the how, where, what, why and who. However, ultimately the
court decides." Judges can be Bought
Smart about Money
Theorie de la Speculation
True and Fair Campaign
Free Annual Credit Report
is income not spent, or deferred consumption. Methods
of saving include putting money aside in, for example, a deposit account,
a pension account, an investment fund, or as cash. Saving also involves
reducing expenditures, such as recurring costs. In terms of personal
finance, saving generally specifies low-risk preservation of money, as in
a deposit account, versus investment, wherein risk is a lot higher; in
economics more broadly, it refers to any income not used for immediate
consumption. Saving differs from savings. The former refers to the act of
increasing one's assets, whereas the latter refers to one part of one's
assets, usually deposits in savings accounts, or to all of one's assets.
Saving refers to an activity occurring over time, a flow variable, whereas
savings refers to something that exists at any one time, a stock variable.
This distinction is often misunderstood, and even professional economists
and investment professionals will often refer to "saving" as "savings"
(for example, Investopedia confuses the two terms in its page on the
"savings rate" Nest Egg.
Value vs. Cost
reduction of expenditures
in order to become financially stable.
are arguments made by people, primarily in the
United States, who contend that tax laws are unconstitutional or otherwise
is a tax imposed in such a manner that the
tax rate decreases as the amount subject to taxation increases.
is an illegal tax is imposed on income by the federal government, most
state governments, and many local governments.
US Tax Shield
state tax liability problems.
Tax Relief Professionals.
Margin in finance
is collateral that the holder of a financial
instrument has to deposit with a counterparty to cover some or all of the
credit risk the holder poses for the counterparty. This risk can arise if
the holder has done any of the following: Borrowed cash from the
counterparty to buy financial instruments, Borrowed financial instruments
to sell them short, or Entered into a derivative contract.
Collateral in finance
is a borrower's pledge of specific property to a
lender, to secure repayment of a loan. The collateral serves as a lender's
protection against a borrower's default—that is, it can be used to offset
the loan if the borrower fails to pay the principal and interest
satisfactorily under the terms of the lending agreement.
is a set of techniques that performance
analysts use to explain why a portfolio's performance differed from the
benchmark. This difference between the portfolio return and the benchmark
return is known as the active return. The active return is the component
of a portfolio's performance that arises from the fact that the portfolio
is actively managed.
comparing one's business processes
and performance metrics to industry
bests and best practices from other companies. Dimensions typically
measured are quality, time and cost. In the process of
benchmarking, management identifies the best firms in their industry, or
in another industry where similar processes exist, and compares the
results and processes of those studied (the "targets") to one's own
results and processes. In this way, they learn how well the targets
perform and, more importantly, the business processes that explain why
these firms are successful. Be very careful of who you are comparing
yourself to, making comparisons to things that are not relevant or things
that have not been accurately measured, could make your comparisons
inaccurate and misleading.
measures an organization's behavior, activities, and
performance. performance against customer requirements and value. assess
the health of the project and consist of the measuring of seven criteria:
safety, time, cost, resources, scope, quality, and actions.
refers to an assessment of the viability,
stability, and profitability of a business, sub-business or project. It is
performed by professionals who prepare reports using ratios that make use
of information taken from financial statements and other reports. These
reports are usually presented to top management as one of their bases in
making business decisions. Financial analysis may determine if a business
will: Continue or discontinue its main operation or part of its business;
Make or purchase certain materials in the manufacture of its product;
Acquire or rent/lease certain machineries and equipment in the production
of its goods; Issue stocks or negotiate for a bank loan to increase its
working capital; Make decisions regarding investing or lending capital;
Make other decisions that allow management to make an informed selection
on various alternatives in the conduct of its business. Financial analysts
often assess the following elements of a firm: 1. Profitability - its
ability to earn income and sustain growth in both the short- and
long-term. A company's degree of profitability is usually based on the
income statement, which reports on the company's results of operations; 2.
Solvency - its ability to pay its obligation to creditors and other third
parties in the long-term; 3. Liquidity - its ability to maintain positive
cash flow, while satisfying immediate obligations; Both 2 and 3 are based
on the company's balance sheet, which indicates the financial condition of
a business as of a given point in time.4. Stability - the firm's ability
to remain in business in the long run, without having to sustain
significant losses in the conduct of its business. Assessing a company's
stability requires the use of both the income statement and the balance
sheet, as well as other financial and non-financial indicators. etc.
Financial analysts often compare financial ratios (of solvency,
profitability, growth, etc.): Past Performance - Across historical time
periods for the same firm (the last 5 years for example). Future
Performance - Using historical figures and certain mathematical and
statistical techniques, including present and future values, This
extrapolation method is the main source of errors in financial analysis as
past statistics can be poor predictors of future prospects. Comparative
Performance - Comparison between similar firms. These ratios are
calculated by dividing a (group of) account balance(s), taken from the
balance sheet and/or the income statement, by another, for example: Net
income / equity = return on equity (ROE). Net income / total assets =
return on assets (ROA). Stock price / earnings per share = P/E ratio.
Comparing financial ratios is merely one way of conducting financial
analysis. Financial ratios face several theoretical challenges: They say
little about the firm's prospects in an absolute sense. Their insights
about relative performance require a reference point from other time
periods or similar firms. One ratio holds little meaning. As indicators,
ratios can be logically interpreted in at least two ways. One can
partially overcome this problem by combining several related ratios to
paint a more comprehensive picture of the firm's performance. Seasonal
factors may prevent year-end values from being representative. A ratio's
values may be distorted as account balances change from the beginning to
the end of an accounting period. Use average values for such accounts
whenever possible. Financial ratios are no more objective than the
accounting methods employed. Changes in accounting policies or choices can
yield drastically different ratio values. Fundamental analysis. Financial
analysts can also use percentage analysis which involves reducing a series
of figures as a percentage of some base amount. For example, a group of
items can be expressed as a percentage of net income. When proportionate
changes in the same figure over a given time period expressed as a
percentage is known as horizontal analysis. Vertical or common-size
analysis reduces all items on a statement to a “common size” as a
percentage of some base value which assists in comparability with other
companies of different sizes. As a result, all Income Statement items are
divided by Sales, and all Balance Sheet items are divided by Total Assets.
Another method is comparative analysis. This provides a better way to
determine trends. Comparative analysis presents the same information for
two or more time periods and is presented side-by-side to allow for easy
is a process and a set of procedures used to
estimate the economic value of an owner's interest in a business.
Valuation is used by financial market participants to determine the price
they are willing to pay or receive to effect a sale of a business. In
addition to estimating the selling price of a business, the same valuation
tools are often used by business appraisers to resolve disputes related to
estate and gift taxation, divorce litigation, allocate business purchase
price among business assets, establish a formula for estimating the value
of partners' ownership interest for buy-sell agreements, and many other
business and legal purposes such as in shareholders deadlock, divorce
litigation and estate contest. In some cases, the court would appoint a
forensic accountant as the joint expert doing the business valuation.
Net Present Value
is the summation of the present (now) value of a
series of present and future cash flows. Because NPV accounts for the time
value of money NPV provides a method for evaluating and comparing products
with cash flows spread over many years, as in loans, investments, payouts
from insurance contracts plus many other applications.
Time Value of Money
is the greater benefit of receiving money now
rather than an identical sum later. It is founded on time preference. The
time value of money explains why interest is paid or earned: Interest,
whether it is on a bank deposit or debt, compensates the depositor or
lender for the time value of money. It also underlies investment.
Investors are willing to forgo spending their money now only if they
expect a favorable return on their investment in the future, such that the
increased value to be available later is sufficiently high to offset the
preference to have money now.
Rate of Return
return is a profit on an investment. It comprises any
change in value of the investment, and/or cash flows which the investor
receives from the investment, such as interest payments or dividends. It
may be measured either in absolute terms (e.g., dollars) or as a
percentage of the amount invested. The latter is also called the holding
period return. A loss instead of a profit is described as a negative
return, assuming the amount invested is greater than zero. Rate of return
is a profit on an investment over a period of time, expressed as a
proportion of the original investment. The time period is typically a
year, in which case the rate of return is referred to as annual return. To
compare returns over time periods of different lengths on an equal basis,
it is useful to convert each return into an annualised return. This
conversion process is called annualisation, described below. Return on
investment (ROI) is return per dollar invested. It is a measure of
investment performance, as opposed to size (c.f. return on equity, return
on assets, return on capital employed).
Return on Investment
is a ratio between the net profit and cost of
investment resulting from an investment of some resources. A high ROI
means the investment's gains favorably to its cost. As a performance
measure, ROI is used to evaluate the efficiency of an investment or to
compare the efficiencies of several different investments. In purely
economic terms, it is one way of relating profits to capital invested.
Return on investment is a performance measure used by businesses to
identify the efficiency of an investment or number of different
theory in economics, recessions and stagnation arise
due to inadequate consumer demand relative to the amount produced. It
means that there is an overproduction and a demand crisis. The theory
formed the basis for the development of Keynesian economics and the theory
of aggregate demand after the 1930s.
estimated 12 million Americans have hidden a bank or credit card account
from a live-in significant other, partner or spouse.
are incredibly ignorant when
they talk about financial advice. They are so far removed from
reality that it's mostly just propaganda. They congratulate
people who pay off their debts, but never explain what the real
cost is. Did your work do more harm than good? How many people
died as a result of your work? How much pollution did you create paying
off your debts? How many people in the future will suffer from your
financially responsible life? This isn't the game Monopoly, this is life,