Judge Anna von ReiTZ
Having reviewed the many known evils of basing our currency systems on the value of any standard commodity, we, the Paramount Security Interest Holders and Priority Creditors of every Municipal and Territorial Corporation and franchise on this planet, including the UN Corporation, request that the GCR Committee come up with a Starting Total Trade Value for all known traded commodities and all labor assets as of September 1, 2017. The purpose of this calculation is to provide a basis for issuance of a new global currency denominated as a tiny fraction of the Total Trade Value. This new currency based on our collective commodity and labor assets is being issued into a competitive free market and not intended to displace any viable national currency, but merely to offer an asset-based alternative to conventional asset-based currencies which in our opinion are too subject to manipulation, scarcity, inelasticity, exclusivity, and other ills.
Let us simply address the background for this request for the benefit of those uneducated in the subject.
Commodity markets (and commodity-based currencies) are subject to supply and demand, futures selling and trading, seasonal variations, hoarding, market speculation and manipulation, and insider trading. Money is itself a commodity, which competes in the global marketplace, and rises or falls dependent upon ephemeral factors such as “perceived value” and “public opinion” and attacks by counterfeiters.
Always, producers of a commodity enjoy very decided advantages over investors in commodities, as producers have a direct ability to influence supply, demand, price, and even future price offerings— factors that consumers and non-producer investors cannot influence or profit from. This at the very least creates a severely tilted playing field.
Also, we note that whoever has the most of “the” standard commodity in an asset-based currency system enjoys an unparalleled advantage over all others doing business within that system. It doesn’t matter if we are talking about Arabian oil or Chinese gold or American silver— whoever owns the most of that particular commodity backing a particular currency has a decided and unfair and unassailable advantage in the marketplace.
We, Americans, (as opposed to United States Citizens with whom we are constantly confused) have always used silver as our preferred commodity to back our asset-based currency known as the United States Silver Dollar and we hereby announce our intention to continue to issue and use our traditional national silver-backed currency, however, we tire of the spectacle of what are essentially rigged storefronts and rigged markets that are designed to exclude people throughout the rest of the world who don’t have gold or silver or oil in abundance from an equal participation in both trade and commerce.
Like all non-producing investors in specific commodities markets–peas, soybeans, cotton, or whatever— these people and their countries are crippled and dependent upon whatever winds of fortune blow upon commodities they don’t possess—gold, silver, platinum, oil, etc., and can’t influence and which leave no options that include them as producers. That is, the absence of a world currency that takes into account all commodities and all labor resources means that producers of all other commodities aren’t able to fully or safely participate in the world’s currency markets, which then also cripples their participation in the global economy as a whole.
Our initiative is designed to provide everyone on Earth a safe haven and means of investment in a currency based on assets they and their country produce. The issuance of this new universal currency, called the True Value Dollar, TVM or TRU (trademarked by the unincorporated United States of America) marks the beginning of an open world economy and world market, one in which actual value is traded for actual value, and in which everyone is a producer unimpeded by any natural lack of any specific standard commodity such as oil, gold, silver, etc.
The True Value Dollar will be issued through licensed, regulated, and bonded cryptocurrency providers, as well as being made available through our international trade and commercial banks. We await the GCR Committee’s findings and request that they carefully consider our position and our objections to returning to the same kind of corrupt 19th century commodity-backed currency system as our great-grandfathers left behind. We object to any such unmoderated system of single asset-backed currencies, not for any lack of silver or fear for our long-established currency, but because we already know the evils and limitations of such currency markets and have no need to learn the same lessons all over again
These single asset-backed currencies and the markets dependent on them are patently unfair to over five billion people, and a full 1.2 billion of the world’s poorest people are unable to thrive, compete, come to market, access banking services and and have currency options that respect and reflect their status as producers.