Posts Tagged ‘currency’

 

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Posted from:

Cullen Smith YouTube Channel

Published on Apr 23, 2014

We’re going to cover word spells. How post-Mesopotamian language has had us under the Ol’ Abra-Cadaver trick…. the oldest control trick.. “Thou hast fallen for the eldest trick in the scroll! xD

how do i even begin? is it by telling you about how we’ve unwittingly been CAST into the MOLD of ancient SPELLS of our modern SPELLING? CAST just like a MOLD, or perhaps like a NET? while caught, like fish, in the net of spells and spelling that have been cast, thus SENTENCING us to LIFE SENTENCES and the CURSES of CURSIVE which are just TERMS, just like serving a PRISON TERM.

So we’ve been SENTENCED to the WARDS of these WORDS which can be deadly as SWORDS if misunderstood or perhaps you missed the understanding of my TERMS or the SYBILS of my SYLLABLES, or even the ancient RITES of writing??

We Languish in our languid Language, in anguish ever since the ancient times of the Anglish angus and the PhonY Phonetic Phonics of the ancient Phoenician Pheonix. You think English is easy?

Sometimes I think English should be committed to an asylum for the verbally insane. In what language do people recite at a play and play at a recital? Ship by truck and send cargo by ship? Have noses that run and feet that smell?

How can a slim chance and a fat chance be the same, while a wise man and a wise guy are opposites? You have to marvel at the unique lunacy of a language in which your house can burn up as it burns down, in which you fill in a form by filling it out and in which, an alarm goes off by going on.

English was created from the ancient Phonic Phonetics of the Phony Phoenician Phoenixes, and it reflects the creativity and cunning genius of the human race, which, of course, is not a race at all, unless youre just another rat, caught in the daily maze of the rat race of this human race against one another.

We draw money from our banks which are the edges of a river, which FLOWS in CURRENTS to the SEA, which is why its called CURRENCY, because our CASH FLOWS like pyroclastic ASH FLOWS toward the SEA, which is why we can trace back the ROOTS of all modern TRADE to the ancient Phoenician TRADE ROUTES,

and why our mundane weekdays seem to keep us in a perpetually WEAK DAZE, until we are so WEAKENED, that we barely make it to the WEEKEND. so each day, we routinely AWAKE in the MORNING, or is the Monday morning ritual conversely conversing a MOURNING at A WAKE for the dead?

And thus, the Bible speaks that the dead shall walk the earth, so it appears that they already are, without even knowing it, just by the strange language of which they know not the TRUE origins and what their words mean in etymology.
And the SIGNIFICANCE of the SIGNS and sins in SIGNIFICATION of their SIGNATURES on dead legal fictions like IDs and bills.

because our citizenship begins when we board the citizen SHIP, which sails the high seas carrying SEAMEN and it all begins when the male SHIP docks in its female SLOT or SLIP, also known as its BERTH, and unloads its CARGO or SEMEN, which sail up the WATERS of the CANAL.

So she gets pregnant and now carries the precious CARGO and will now give BIRTH to the new citizen that must now register to board the citizen SHIP and repeat the cycle all over again, until the citizens catch on to the ancient spells of the PHONY PHONETIC PHOENICIANS’ tools of commerce and piracy of the high seas and the human commodity through the use of their made up languid language, which gives us our modern english.

For more sources and information, google:
my site- Lifting The Veil
http://cullensmithsvp.wix.com/lifting…

my facebook page Lifting The Veil
https://www.facebook.com/TakingHumani…

WORDS: by Stefan Molyneux
https://www.youtube.com/watch?v=VnC1z…

I was reading Poof/Zap Report of August 17, 2014 and the following paragraph caught my attention and required some additional research.

Hi Susan,

I just have one question for ZAP. Sometimes words don’t need to be spoken or written to get the message through. Silence in itself is also an answer which our politicians have showed us numerous times.

I’ve asked the same question to three independent individuals just in case.

Is the Treaty of Rizq still in effect? (I’m not sure I spelled it correct but then that’s not the key here)

Best regards
O

ZAP:

PUT IT THIS WAY….THERE IS NO OWNERSHIP OF HUMANS. NOW, THERE IS ONLY THE EVOLUTION TO BECOME TAURI AND HAVE MUCH FUN UPSTAIRS. IT IS IMPORTANT TO UPSTAIRS THAT THE HUMAN GENE POOL IS PRESERVED AS WE APPARENTLY HAVE MANY THINGS TO ACCOMPLISH, AND THE REALMS ARE WAITING FOR US.

A PORTION OF THIS SENTIMENT IS APTLY STATED AS FOLLOWS:

I AM YOU, YOU ARE ME
YOU ARE MY OTHER ME
IF I DO HARM TO YOU
I DO HARM TO ME
IF I LOVE AND RESPECT YOU
I LOVE AND RESPECT MYSELF

OH, AND WHEN YOU DO GO UPSTAIRS AND MINGLE WITH THE OTHER SPECIES, DO NOT MENTION EGGS. SENSITIVE SUBJECT AND SOME SPECIES HAVE NO WISH OF DISCUSSING IT.

Lo and behold, the mention of the Treaty of Rizq and the research, pulled up an article from Tuesday, April 23, 2013 discussing the work of the OPPT from that time. It is included below, and I think it is more relevant today in respect to the coming global economic reset.  And yes, regardless of the disinformation being propagated to the People, I believe we are going to see it and our world will be set on the right path once again.  Many changes in thinking and self-reprogramming is needed by every One.

Angel Lucci

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Posted from:

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UPDATED: The Crew From Planet Rizq….
New Title: Adnan Sakli, Malik Hughes, Neil Keenan EXPOSED. GAME OVER.

I’m sorry AK, but this title needed to be amended to show this info for what it is. We are officially in a space of Absolute Transparency. I’m so grateful that the above mentioned parties are finally showing their hand for what it is; greed, lies and manipulation.

The email from Michael Dunn on AK’s blog, combined with all of the below dialogue from Malik Hughes and previous discussions with Adnan, Dunn and Keenan are VERY telling. There is way too much BS flying around  for me not to call a spade a spade. People deserve to know the truth. Well here it is folks. Doesn’t take much reading between the lines to see what’s going on here.

A big thank you to Neil Keenan, Adnan Sakli, Michael Dunn, Malik Hughes and Jean Haines for playing such awesome roles in showing the contrast. Let the record show I have no animosity to any of the aforementioned embodiments of Eternal Essence. As Heather says below, The Finale is upon us. I will be the first one to embrace good old Neil and company with a BIG HUGE Brian Kelly hug, and together we will giggle our asses off at how amusing this whole saga was to play out. All sunshine and rainbows on this side of the table. Absolute Love, Gratitude and Peace to ALL! 🙂

Brian Kellly

Jarrafusa 3:40 PM

REPORTEDLY:  Adnan Sakli purports to be the owner of BIS and most of what exists on the planet.
Malik Hughes purports to be the representative of the Qing Dynasty, the servant of the Empress, and from another planet…Malik and Adnan appparently know each other. Mike Cechanowicz, who asked me to speak with Adnan…I don’t even remember when that was, but it was over three hours of Adnan explaining his position and power…asked me to speak with Malik Hughes…right before Loie transitioned, so it did not happen when they wanted…about a week after that I finally was able to return the call and skypes….and Malik spent time explaining his/their position and power….then after that, it was revealed by Keenan/Dunn that they were working with Malik and the purported Qing Dynasty…like one big extended family, which I knew about before finally taking the first call with Malik, but was interested in how transparent every one would be with the people, the universe…which wasn’t much to begin with…NOW?  They BE DO’ing their part in the final moment of THE finale!  I love them!!!!  I send them big hugs and kisses with absolute love, gratitude and peace.

Jarrafusa 3:30 PM
On 4/3/13, at 7:30 AM, Mike Cechanowicz wrote:

Hello Heather. I have had some contact with Malik Hughes. He and adnan know each other – they have talked today, not that -Adnan agrees so much quit yet – but we do agree we need to talk, to see how we can cooperate towards our common agendas – the ones everybody is using energy talking about but not yet enough doing. Tell me when you can be on for a conferance call and Ill send that through the channels.

Jarrafusa
[4/3/2013 7:52:05 AM] Mike Cechanowicz: [4/3/13 4:51:16 PM] malik hughes: Smiley))
[4/3/13 4:51:42 PM] malik hughes: Send her good tidings from the Great Qing Dynasty. Smiley

[4/3/2013 8:15:09 AM] Mike Cechanowicz: Ya – lets just push the wave.
[4/3/2013 8:18:43 AM] Mike Cechanowicz: Contact received from Mike Cechanowicz
[4/3/2013 8:18:55 AM] Mike Cechanowicz: Malik Would like you to call.

Heather, This is not a time for spiritual poetry, and abstract language. I have Malik on the line. You say you will call, but never do. to say one thing and do another is not the hallmark of honesty, the truth or fact. So lets cut the bullshit and get real. Call Malik and listen to him instead of drowning him. me or others with hyper-meta-abstractions. Love is to extend self to others for the purpose of long term development. Sometimes it means to communicate directly. Its only meant to help.

[4/4/2013 5:12:47 PM] Jarrafusa: hhhhmmm…an inconvenience for you I am sure.  My mother past away yesterday, Mike.  I did take and do take a few moments to just BE.  While I DO that….Perhaps you can all help each other.


AK Note: I had this conversation with a friend of Cobra’s by the name of Ed that I met back when I did that interview in Laguna Beach. So much data coming out now so fast…

Ed 

4/20/13 4:26 PM
Brother , what is going on with the OPPT & Keenan / global collateral accounts drama ? Who is what ???
American Kabuki
4/20/13 4:32 PM
Drake and keenan are losing their minds I think… Smiley

Ed 

4/20/13 4:53 PM
When they saw the physical gazillions of tones of gold & other precious metals inside those bunkers in south East Asia , it is easy to understand how most would lose their minds to greed. Lets hope that is not the case & keenan is uncorruptible, but the overall current drama is negative to the cause, I believe both parties should work their differences out behind close doors and compromise, I know that may be difficult specially because Drake seems to be an impulsive mouth, loud, anyways,  If there is anything I can do to help this happen , let me know.
 
American Kabuki
4/20/13 4:56 PM
They don’t have the gold anymore.  Its been relocated.  They only have the titles.
4/20/13 5:00 PM
Swissindo seems to be genuine in wanting to change the world.  There seems to be true intent.  People talk about (in great fear) the NWO.  The thing they don’t realize, they’ve been living in it for 60+ years.  If you look at the Swissindo docs they clearly state things as an EXISTING NWO, of which they consider themselves King of Kings.  Each continent is called a “KINGDOM”.
4/20/13 5:01 PM
The UN answers to them.

Ed

4/20/13 5:02 PM
So what are they arguing about ? Title means nothing without the physical gold. As you already know , whoever has the gold makes the rules, I hope our Christed brothers have the gold, do they ?
 
American Kabuki
4/20/13 5:03 PM
The thing that is drivign Keenan/Drake/Jean h around the bend is that Swissindo has put the OPPT where he wants to be.  If you read keenan’s plans he wants to only allocate a small portion of the value already due to those on the planet (5 billion each) to those he deems to be “worthy” and then manage the big fat pot himself.
4/20/13 5:05 PM
He reveals this in his “something for nothing comments” which is quite telling in his view of the value of a human being. No human being is nothing.  There are an embodiment of the the Creator Source, or as Heather phrases it “Eternal Essence Embodied”…
4/20/13 5:05 PM
Define Christed brothers… I might be able to answer that better.
4/20/13 5:07 PM
btw the OPPT has been disolved although the filings stand in perpetuity, it has been replaced by the I U/V Exchange.
4/20/13 5:07 PM
Keenan clearly doesn’t read the documents or he’d know that.
4/20/13 5:08 PM
They just layer lie after lie and twisted statements taken out of context.
4/20/13 5:09 PM
Keenan desperately wants us to engage with him. He’s simply irrelevant.   He’s attacking an entity that is disolved and has been since before he started paying attention to it.
4/20/13 5:09 PM
Heather’s position on  Swissindo is they have the power to enforce the filing why haven’t they.   She’s signed off on nothing.
4/20/13 5:11 PM
Swissindo seems genuine but she just told us they have no gold and neither does the Qing dynasty.  It [asian gold] was all stolen gold anyway from all over the earth.  Its been relocated to a safe location.
4/20/13 5:12 PM
She’s not interested in creating yet another “Kingdom”.   This is about 3d and hierarchies ending and coming to absolute context that all is one.  Oneness. IS-ness.
4/20/13 5:13 PM
12 strand DNA is naturally Christ consciousness in its natural state.  The 10 strand DNA is power consciousness (annauki and others)   Humanity’s DNA is the bridge that unites the two.  GW Hardin has written extensively on this.

Ed

4/20/13 5:35 PM
Christed brothers ( short answer ) = enlightened ascended beings.
4/20/13 5:43 PM
The issue with Keenan & their team is lack of enlightenment, so their level of understanding is stuck in 3D
4/20/13 5:50 PM
3D, they can not understand or navigate within the higher realms , for them the highest realm in the land is the Quing Empress, they truly think they are serving the highest possible realm & we are a bunch of sort of hippies dreamers,  so it is practically impossible for Heather and them to see each other eye to eye, on the other hand , send me info on the I U/V exchange pls.
 
American Kabuki
4/20/13 7:26 PM
there are “unenlightened” in 5D too.  Glad you clarfied ascended with “enlightened”, there is a difference.    Those in the Qing dynasty are 5d, at least those running things.  The slave system goes up multiple densities, as the Galactics now know.   What the Qing decide to do is still up in the air.  Hopefully they, for their own sake, make the choice Swissindo seems to be making.
Ed 
4/21/13 12:29 AM
Yes , you are right, I have met some 5D Chinese weirdos , some fly, go through walls , shapeshift , some even have horns, others are very, very old ( 1,000’s of yrs old ) …but they do rub shoulders with the Cabal …they seem to be in bed together …playing both sides , true deceivers …that is why the Chinese dynasties have lasted for so long unbroken, very smart group , always trying to perpetuate the current slave system with very cleaver & subtle strategies , always using foreigners to represent them & do their dirty job everywhere, because of their wealth , always behind the curtains, never get their hands dirty, they are an important & solid part of the foundation of the slave system, but so few people knows & understands this, and they want to keep it that way while promoting they are creating a New Age of enlightenment for humanity.
4/21/13 12:36 AM
We have finally reached THE crossroad , and we are living such difficult times , so many receivers and so few to be trusted , B.S meter at Max dear brother and discernment at its highest ever please. Very difficult referencing who is who / what nowadays : (
 
American Kabuki
4/21/13 1:13 AM
The NEXUS PONT IS VERY NEAR.

Ed

4/21/13 5:31 AM
Last paragraph I meant : so many deceivers and so few people to be trusted , very difficult discerning  who is who or what nowadays …
 
American Kabuki
4/21/13 7:02 AM
(Big smile)  I knew what you meant. All Eternal Essence embodied now move to bring the absolute moment of NOW, some consciously some unconsciously (and that frustrates the hell out them) that even their resistance accelerates the plan that existed from before the experiment began. They have played their roles so well they forgot who they were and believed they were the roles they played on the stage of the illusion of duality.
1:39 PM
Through your contacts can you find out what there is to find about the “Rizq Treaty” or “Treaty of Rizq”    Appears to be an annauki treaty that the Qinq dyansty uses to justify their claim they own all gold on the Earth and all the Human beings on the earth.
1:44 PM
The aid to the Empress admitted he’s from planet Rizq in Orion.  Also admits to having multiple “divines” use his embodiment.  Such a strange person.  Quite a remarkable admission.

 


Malik Hughes in a conversation with Heather made this startling admission: 

[12:06:23 PM] malik hughes: Dark energy is the key
[12:06:35 PM] malik hughes: Embracing that which we are made of
[12:06:44 PM] malik hughes: Smiley we made contact
[12:07:36 PM] malik hughes: The Indonesian “royals” don’t own asset,  they are gatekeepers
[12:09:48 PM] malik hughes: Gold DNA goes to Qing
[12:12:36 PM] malik hughes: Do you know of the star gates (Smiley)
[12:13:49 PM] malik hughes: ???
[12:14:04 PM] malik hughes: Or the Rizq Treaty
[12:14:06 PM] malik hughes: Lol
[12:14:09 PM] malik hughes: (Winking)
[12:14:36 PM] malik hughes: Or the 7 cities of Oro?
[12:14:58 PM] malik hughes: We are the keepers of the forbidden cities

[1:14:29 PM] Jarrafusa: Malik, how many work through your embodiment?  I see at least four…
[1:14:39 PM] Jarrafusa: (Heart)
[1:14:48 PM] malik hughes: It’s not mine
[1:14:52 PM] malik hughes: It’s theirs
[1:15:03 PM] malik hughes: Everyone and thing on earth
[1:15:09 PM] malik hughes: We are the origin
[1:15:15 PM] malik hughes: The start
[1:15:21 PM] malik hughes: (Heart)
[1:16:04 PM] malik hughes: We have world constitution signed by 70 mm Winking
[1:16:17 PM] malik hughes: Each one has the duty to help another
[1:16:26 PM] malik hughes: Virus can spread so can love
[1:16:37 PM] malik hughes: We ALL have a mandate
[1:16:41 PM] Jarrafusa: I love you….absolute gratitude, love, peace and GRACE
[1:16:49 PM] malik hughes: I love you too
[1:16:56 PM] malik hughes: That’s why I’m a bit sad
[1:18:09 PM] Jarrafusa: why are you sad?
[1:18:47 PM] malik hughes: Because I think you are missing one page.  I’m trying to share it but you seem to not get it
[1:19:01 PM] malik hughes: We hate the fighting
[1:19:12 PM] malik hughes: We as a people have real enemies
[1:19:22 PM] malik hughes They have now been replaced
[1:19:24 PM] Jarrafusa: then post the page here so that I can know that which you refer to.
[1:19:31 PM] malik hughes: Operation phantom
[1:19:45 PM] malik hughes: It’s unwritten
[1:19:48 PM] malik hughes: We must talk
[1:20:16 PM] malik hughes: They have arrived from their location
[1:20:28 PM] malik hughes: I am from rizq
[1:21:11 PM] Jarrafusa:
malik wrote: “Gold DNA goes to Qing…”
love energy exchanges and I am an absolute lover of Absolute Data…but first I have to go DO with my family tonight…we can connect back up tomorrow if that works for you. Heart
All embodiments of eternal essence BE eternal essence…all embodiments DO as they choose by their free will and if their choice is to BE but not recognize and honor the other embodiments of eternal essence, then they dishonor their own embodiment and it is recalled by eternal essence…that IS… ABSOLUTE CURRENT in this moment NOW.

Let’s examine this revelation…

[1:20:28 PM] malik: I am from [planet] Rizq

This would make Malik an Annunaki according this web site: http://ufoaliendatabase.wikia.com/wiki/Rizq. Malik is Keenan’s contact in the Qinq Dynasty. He’s also been talking to Heather. He’s been trying to play Keenan and Heather off on each other and roundly trashing Swissindo as mere “gatekeepers”.  This is now what Keenan is ignorantly parroting on his recent video. More on this later…  

There’s also a curious graphic Drake posted that the Annauki are creators of humanity (THEY ARE NOT!).  Pictured below is the bottom portion of the graphic image which does not show in text searches on Google since its in a graphic image.



The Sons of Elohim are the Bene Elohim, who left behind the Annunaki (who were not true Elohim but genetic descendants like us). 

The Elohim also created humanity along with the Bene Elohim. The Annunaki chose to enslave humanity because of our angelic [DNA] inheritance. They chose to disempower us so that we would not be the inheritors of our true destiny.

The Annunaki believe they are our gods and therefore have all rights to gold and the human beings on the planet as their property.  And they have behaved that way and treated us as slaves to exploit.  


All beings are Eternal Essence, none are superior to another embodiment of Eternal Essence. No other embodiment owns another embodiment.  -AK]

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http://www.moneylessworld.org/1/post/2013/12/when-will-the-world-be-moneyless.html

When will the World be Moneyless?

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Money doesn’t exist!

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Exchange your Value instead…

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I-OPEEN is a Bridge to a Moneyless World

Posted from:

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Qoin – money that matters

Money makes our world go around. Money is not given, but man made. We can reinvent and re-design it in a way that fits our purpose. Qoin introduces, implements, and manages professional Community Currencies throughout Europe. We assist authorities, SMEs and citizens to use Community Currencies to reach sustainable economic growth, ecological balance, and social progress. We do our work with a passionate team.

Money = man-made

Current legal tender currency systems are very strong in developing high profits and building a globalised society. However, they have proved less effective in supporting regional economic development, stimulating ecological policy goals and behaviours and encouraging an active civil society. The current economic and financial crisis faced by many regions in Europe calls for new arrangements for communities to remain or become resilient.

Community Currencies are social instruments

Community Currencies (‘complementary currencies’, ‘alternative currencies’ or ‘social currencies’), are as monetary instruments that develop and implement specific social, environmental and commercial objectives. Throughout history, both in concept and in practise, a large variety of Community Currencies can be found. It can be challenging to distinguish the many programs from one other, making it hard to understand the best use, setup and impact. Many currencies are used properly, but quit often this is not the case. In our ‘Body of Knowledge on Complementary Currencies’, we describe the set of most frequently used currencies and their impact. A key characteristic is that they all understand money as a socially and politically construction. Community Currencies offer a proven ‘toolbox’ for stimulating the creation of jobs at local level, re-localising production and consumption, supporting a vibrant SME (small and medium sized enterprise sector), building a strong and active civil society, stimulating innovation and the development of local solutions to global problems, e.g. oil-dependence.

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All the more reason to consider…

You are the bank

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It was inevitable that a few short days after Wall Street lovingly embraced Bitcoin as their own, with analysts from Bank of America, Citigroup and others, not to mention the clueless momentum-chasing, peanut gallery vocally flip-flopping on the “currency” after hating it at $200 only to love it at $1200 that Bitcoin… would promptly crash. And crash it did: overnight, following previously reported news that China’s Baidu would follow the PBOC in halting acceptance of Bitcoin payment, Bitcoin tumbled from a recent high of $1155 to an almost electronically destined “half-off” touching $576 hours ago, exactly 50% lower, on very heave volume, before a dead cat bounce levitated the currency back to the $800 range, where it may or may not stay much longer, especially if all those who jumped on the bandwagon at over $1000 on “get rich quick” hopes and dreams, only to see massive losses in their P&Ls decide they have had enough.

Which incidentally, like gold, is to be expected when one treats what is explicitly as a currency on its own merits in a world of dying fiat – with the appropriate much required patience – instead of as an asset, with delusions of grandure that some greater fool will pay more for it tomorrow than it is worth today. Sadly, in a world of HFT trading, patience is perhaps the most valuable commodity.

As for Bitcoin, while the bubble may or may not have burst, and is for now kept together with the help of the Winklevoss bros bid, all it would take is for another very vocal institutiona rejection be it in China or domestically, where its “honeypot” features are no longer of use to the Fed or other authorities, for the euphoria to disappear as quickly as it came…

Two day chart, showing the epic move from $1155 to $576 in hours:

And longer term chart showing the overnight action in its full glory:

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A REAL SOLUTION

2000 IONS on Sign-Up and 100 IONS Daily

Solution

10/23/2013

Executive Order, number 13037 issued in 1997 by President Clinton can be found in Volume 62, No. 44 at the Archives of the Federal Registry. Also see below.

To view how the Federal Government defines YOU, see Sec. 2 (b) below.

Click here for the legal definition of capital. Yep, you read it right. The Federal Government has legally and publicly declared the people of the United States to be their property; the property backing the Federal budget. (This is separate from the birth certificate bonds.)

Now take a look at this (below), originally posted by American Kabuki . Scroll to page 4 for UCC filing; notice under section 13 (page 6 of this file) where it says, [- As all real men with hands and legs, and all real land in the United States of America – 14,000,000,000,000 – WITH TRUST IN GOD, this real-estate is with the PUBLIC-]

Chilling, isn’t it.

Now, I hope you’re ready to take action. The United States Federal Government, which is actually the U.S. Corporation, has made you believe that you need “money” in order to live. This is a lie spun to harvest your energy and enslave you. WE DON’T NEED MONEY. There are enough resources on the planet for everyone to have basic needs met without paying money!

Take action. Form your community. Form your tribal councils and common law courts. YOU’VE GOT THE POWER. YOUR SILENCE IS TACIT APPROVAL OF THEIR ABUSE. Peaceful enforcement is in numbers. There are more of us than there are them. RISE UP NOW!

In Absolute Truth and Love,

Cindy Kay

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Wake Up People and Take Your Power Back

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Cobra said, There is no Gold anywhere on the planet. The Economic reset can not take place until the Gold and Silver comes back on Planet!  The Gold Federal Reserve Bond cannot be cashed until the Gold is back on Planet!  Every [BODY] is broke! Get your money out of the banks!  

Hmmmm?  Not an exact quote but those statements were made during the interview.

So therefore, since [NO BODY][CORP IDENTITY], has any GOLD in their PRIVATE vaults; I surmised, as we have already learned:

We are the Gold – We are the Silver – The VALUE is within US

We really are the VALUE backing all of the currencies of the world!  Since we back our world currencies with our inherent value from Source, we can CHOOSE to EXCHANGE “any man-made representation of that value” as we choose between Our Selves.

We have been lied to for centuries, to beLIEve that the Gold and Silver was the Value on this Earth.  THAT’S A BIG LIE!  The education system has been programming disinformation into us about economics, banking, money, and exchange.

Banking RULES… Banking DECEPTION…

TRUTH IS THE PEOPLE HAVE ALWAYS BEEN THE VALUE

Now since the Gold/Silver is not on the Earth, then we need to stand as ONE in COOPERATION with ALL Living Souls on the Earth as the true Value of Our Prosperity…

 I-OPEEN: An Online, Direct-Access Value Exchange System returns that VALUE TO YOU:

  • I-OPEEN is backed by the Good, Free Will Trust Between ALL EQUAL Representations of Value embodied as Living BEings
  • You neighbors, your friends, co-slave workers, strangers, scary people, and yes, even in-laws are those EQUAL Representations of Energy

Lets STAND TOGETHER as ONE, in UNITY and DECLARE among I-OPEEN MEMBERS and EVERY ONE that any perceived representation of our Value is as good as any other representation with I-OPEEN Members!

So within and between all private members of I-OPEEN we declare:

  • a One-to-One Value Exchange
  • Free Will CO-OPERAT-ION with One another
  • Agree to VALUE our internal currency representations 1:1 with existing FORECLOSED PRIVATE CORPORATE PAPER
    • Representing a numbering sequence of value units ONLY

(1:1)
1 UNIT-to-1 UNIT
1 ION = 1 US Dollar = 1 E uro = 1 Yuan = 1 Ruble = 1 Yen = 1 Dinar =
1 of all other representations of our Current: See?

transact-ion defTherefore, I-OPEEN, really is the Representation of the Energy or Current of the People.

We call for all transactions to BE a unit-to-unit exchange of any currency between private members of I-OPEEN. The freewill, transparent, value exchange between Equal Living Beings.
Embodiments of Value.

Our CURRENT:SEE? is UNLIMITED – FREE TO EXCHANGE – FREE TO USE

Become a member of I-OPEEN today…
…And START BEING PROSPEROUS
because YOU are the VALUE!

IT IS TIME FOR A GLOBAL

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Cobra’s Interview with Alexandra Meadors October 1st, 2013


http://www.youtube.com

Posted from:
Mike Nikolaou YouTube ChannelPublished on Oct 1, 2013

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The race to Underwrite DOVs – Why Limitations of Infinite Value are so Important

The Cross Roads

We are at a cross roads One People. For myself, I have grown so much over the past 6 months, learning about trust law, contract law.  Learning about Now we have a serious conceptual problem to solve: how do we Underwrite our DOV’s for a Bank to accept.

After listening to the show The One People 17/18 June 2013 and reading a lot of discussion threads on Facebook I have noticed a consistent reaction from the banks: Bank cannot accept Infinite Value as the “underwriting” for a DOV.

We are trying to deposit a DOV, a portion of our Infinite Value for conversion into cash, but what is the thing which gives a DOV its value?  For those who have been following this movement (not that I like that word) we are the source of the funds and it is our Infinite Value which underwrite the DOV’s, but the banking system has a major problem with that, as I will explain.

Lets put this in terms of a Contract so we an empathize with our new friends in the banking world, and see it from their perspective.

Contracts are Methods of Exchanging Value

I posted recently in the facebook group The One People: Shifting Banking Discussion Group the following and which summarizes the points at hand:

JD- Another point. A loan is a contract, wherein the bank “lends you money” and then you “work to pay it back” – in any contract there is value being exchanged between two parties.

In the present paradigm, we the borrowers are a party to the contract, for which we bring nothing to the table; 

There is a presumption the banker is operating from which is causing the acceptance issue. From the perspective of the bankers, a DOV drawing against something of INFINITE value has a nice ring to it, but how do you process the underwriting for this and send the paperwork upstairs? A DOV is a square peg trying to be crammed into a round hole.   The only role a banker is going to see you playing as is a debtor, borrower, etc, unless you are setting a new stage and dispel or rebut the presumption. Borrowers have to prove they are capable of paying back the loan (because the only thing of value they have to offer is their labor), this is done on the UNIFORM RESIDENTIAL LOAN APPLICATION, and then the bank SECURES the contract by putting up COLLATERAL, so the lender can receive remedy incase you default.

Underwriting is a Limitation

Underwriting Definition: Underwriting refers to the process that a large financial service provider (bank, insurer, investment house) uses to assess the eligibility of a customer to receive their products (equity capital, insurance, mortgage, or credit).

Limitation, as we will discuss later, is a way for us to create and manifest.  It is the Actual rendered from the Potential, and the system ‘underwrites’ your value by evaluating your ‘Actualizations’ your DOing to determine if your potential Labor in the future has value.  Underwriting evaluates the past to “predict the future.” As we can plainly see this underwriting process is only applied to your labor.

What we need is an underwriting process or technology that evaluates your potential against the Truth of what IS, your Eternal Essence Embodied, the Secured Assets in Trust, the 5 billion, etc.

Limitation is Not a Dirty Word

We hope Heather is working on is some way of Underwriting our DOV’s so a banker can understand how the value can be LIMITED in order for it to be converted. Yes we must “render” our infinite value into a limitation for conversion into other forms.  This is how creation works, we pull from the Eternal INfinite withIN and pull these pure energies threw the lenses of our spirit, body, and mind to bring forth our manifestations in the the world.

Some may say any limitation at all is a problem and we are “keeping the old system alive” by limiting ourselves in anyway.  For those who are familiar with the law of one series, the “Law of One” has many “distortions” which are just “spectra” or “iterations” of the fractal of creation (flavors if you will) limitation will not sound so bad. The Logos expresses it self into sub-logos, which express themselves into sub-sub-logos, and so on. With out limiting the expresion, making actual the potential, the logos cannot create.
We Limit our Infinite Value Now
We limit our Infinite Value now all day, every day and we may not release it.  Your constantly in a state of flow, give and take, with the universe at large around you.  This flow is “rendered” and “distorted” constantly into new and replete forms for other beings to make use of.  You desire a thing (think about the possibilities then you think of ways to make it happen (limit those possibilities based on their effectiveness) then actualize those possibilities by manifesting them, by DOing.  Given all of these concepts, when we consider the limiting our value in some way in order for it to have expression, it does not seem so horrible.  Limitation is a tool, with out it, you would not be able to know yourself, from the universe. Cast your hand up in front of your gaze and try to see it with out seeing the boundaries of the foreground against the background.
Potential is Infinite, Limitation is actualized out of the potential; it is manifested.
The Old System Values Labor (Slavery)The system at large only seems to value one thing, your labor or creative potential; which is another way of saying your energy or labor. Remember the elite do not need your money (by and large) they need your energy; to keep you slaving away. I suspect this is why most bankers are trained subconsciously to scoff at the idea of a service fee in exchange for the DOV, and why the system only recognizes labor as a form of value; the other form being Collateral or assets.

How Limitation works in the Current Paradigm

The name of the game here is to limit you and what you bring as much as possible so as to give favorable bias to the other party to the contract; the lender. This is also the piece of technology which Underwrites your value via evaluations and limitations. As we all know these contracts are not transparent and the entire process is filled with Deceptive Acts and Practices.

Lets consider what the present paradigm uses to limit our Infinite Value; our labor over time.  As I mentioned above, a UNIFORM RESIDENTIAL LOAN APPLICATION. Lets go over these sections, looking with the ‘eyes of understanding’ for what each piece of technology is achieving. (if your having trouble reading the images below you can download a pdf here: https://www.fanniemae.com/content/guide_form/1003rev.pdf)
• Limitation #0 – Before we even get started, lets acknowledge the biggest limitation and presumption, you are an applicant, a debtor.  Even though in reality you are the creditor and the source of the value.  Before you even start putting pen to paper you are being limited: this piece of technology is for debtors, are you a debtor or the creditor? Know Thy Self.
• Limitation #1 – Borrower/Co Borrower – Seems like a silly point to bring up, but when were talking about absolutes, your BEing, this is a pretty huge limitation; you just went from ALL THAT IS, Eternal Essence Embodied to.. Borrower/Co Borrower, an applicant, a beggar.
• Limitation #2 – All of the “terms” of the loan and what type are limiting. Higher the Interest Rate the longer your going to need to slave away.  Definitely a limitation. Considering this is not really a loan in a true sense this is a most interesting portion of the form.
• Limitation #3 – Another whopping limitation. Your value is your time, but since your word and promise to pay isn’t worth much (so they would have us believe), we have to have 2 forms of value backing the deal, your promise to pay and the Collateral or Security Interest.  Your home is put up as a “back up” in case you default, held in dishonor, and cannot/will not pay back the loan. Your Infinite Value isn’t even being considered here, your no more then how hard you can work.  Further we are tricked into agreeing to put up an asset as collateral. Nice for the other party to the contract, they can get paid twice for the same deal!
• Limitation #4 – Purpose of Loan. Why would the purpose be factor? Is not your word to pay it back good enough? Nope your a ward of the state remember.  You cannot be trusted, yet we are forced to trust the other party.
• Limitation #5 – Enter the Strawman.  Here we have your Corporate Person being asked about: “Name” (Corporations have names, living flesh and blood beings have ‘Given Names’ and ‘Surnames’ – for example I am Sovereign Justin of the house Deschamps who is the sole beneficiary, executor and trustee of the legal fiction JUSTIN DESCHAMPS).
• Limitation #6 – Social security number (this is where you put your ward number, the thing that voluntarily says you give up your executive powers over your Estate, your PERSON, to the government to run for “social security”) more on this further down.
• Limitation #7 – Martial Status (because when you get married you enter into a three party agreement with the state, your Legal Person and another Legal Person (your spouse) to “Bind your Estates”). Any limitations they can pull from your spouse, they will, even if they are not a borrower, a-party to the contract.
• Limitation #8 –  This where your Strawman is located, your Residential Address, and also the physical location of the ‘body’ which is the property of the Vatican voluntarily given up during the registration of your Birth Certificate; you have POSSESSION of your body, but the Vatican hold the TITLE.
• Limitation #9 – Your Employer Information. Really this is the next level of employment information, your social security number is what lists you as an employee of the UNITED STATES Inc. or your EIN (Employee Identification Number); and eligible for benefits as a trustee thereto.  This section is for limiting how you can pay back the loan, your labor, and how the products of that labor are limited, the debits or debts on the Stawman.
• Limitation #10 – Debt to Income Ratio section.  Your labor is measured against your other expenses (limited again).  Historical data is the only relevant thing here, your potential creative output is discarded as having value; ironically if it wasn’t for your creative potential (the promise to pay in the future with your labor) the whole loan would fall apart.
• Limitation #11 – More limitations placed on your labor and your assets, the hard value. Do you owe anything on your other assets. Are they paid in good standing. Are there any “liens on your Person” in other words.
• Limitation #12 – Details of the loan, more ways of limiting the agreement and ensuring that your are able to “make good” on the loan. If you are not using it for a purpose that they approve appropriate, approval rejected!
• Limitation #13 – Declarations – this is a big one.  Here we have admissions you make which allow the bank to reject the loan and alter the terms to be more favorable for them; subprime, points etc.  In reality the entire document is set up this way, but this section is literally an inquisition.
• Limitation #14 – The Big Kahuna! This is where all the magic happens. This is where the living blood BEing breaths life into this contract with your wet ink signature.  Your BEing uses your PERSON to Contract with the Banks to Limit your Infinite Value.
• Limitation #15 – Race Information, not a big one in comparison to the others, but it definitely is a limitation; are we not all One People?
• Limitation #16 – The only limitation which the other party has to enter into here, pretty out of balance agreement wouldn’t you say?  Another flesh and blood BEing uses their PERSON to Contract with you, the borrower.  This is what makes it a contract, and this is what makes it the most important document in the entire “loan” agreement.
 
‘Pointing’ to Value – CVAC System and UCC Fillings

I speculate we can ‘point to’ the UCC filings and the value that was secured by the CVACs to underwrite the DOV’s in some way.  Remember there was 5 Billion secured for each embodiment and another 5 billion for those claiming damages.  Quiet possibly Heather has produced documents (or is working on documents) which do this very thing.  Regardless of the specifics related to the actual documents one thing is clear if we want to transform the old system by depositing DOV’s we need to dawn our thinking caps, go within, and INpower our banking friends with truth.  We can meet them halfway and work with them to create/use technology to achieve our mutual goals.

Empathize with Your New Business Partner!

Put yourself in their shoes, try to understand what is needed from their end to “make the deal work.”  Remember we are all in this together (including the bankers) and brokering these new relationships with banks should not be an adversarial process if we want to win them to our side. As we hear about a lot these days, try to free yourself from expectations about the outcome and just “follow the energetic trail” and “your highest excitement.” Here are some questions I thought of to ask:

“What pieces of technology does the current system process we can use to deposit my DOV; how do we underwrite them?”

“What underwriting processes are available to recognize the UCC fillings and the CVAC systems?”

– Justin
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I-OPEEN shut down at the end of may 2014
Thanks to all who participated

You are the bank

After considerable research, investigation, testing, and evaluation, we feel that CYCLOS is the Alternative Currency System that will meet our needs for the Open-Source Online Banking Software for I-OPEEN, International One People Eternal Essence Network.

I-OPEEN: the first Online, Direct-Access Value Exchange System
that allows YOU to deposit YOUR VALUE because YOU ARE the BANK

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Revision 2.5 Changes

Money as Debt III – Evolution Beyond Money
– by Paul Grignon

Posted from:https://angellucci.wordpress.com/wp-admin/post.php?post=8525&action=edit
Occupy Dame Street YouTube Channel

Published on May 1, 2012

A film called Money as Debt III – Evolution Beyond Money, released in 2011, presents Grignon’s ideas on the possible forms money may take in the future. Find out who are the actually Money Masters on the Earth today.

Actually how about NOW!

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Revision 2 Changes

Wealth Inequality in America

Posted from: Politizane YouTube Channel

Published on Nov 20, 2012

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.

References:
http://www.motherjones.com/politics/2…
http://danariely.com/2010/09/30/wealt…
http://thinkprogress.org/economy/2011…
http://money.cnn.com/2012/04/19/news/…

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Mel Ve: Do we have a new financial system that is gold backed?

Karen: …when you say gold-backed; not entirely, no.  Because the idea is not that you have, um, what you call legal tender.  What right do people have to prevent other people from using the currency that they want and the most important currency, actually… is the local currency.  Things like the time banks. That will create very full employment.

– Karen Hudes, 42:35
Freedom Central Interview, 20 Nov 2013

http://www.youtube.com/watch?v=_C3LcsTtMu0&feature=c4-overview&list=UUhtUfNsofmXlrm-PJGTxJgQ

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There is also another profound thing you can do.  Which is to have the communities establish their own local currency which is traded among the local [businesses] …have each other agree on a media of exchange. This will stimulate the local economy.

– Karen Hudes, 1:42:14
http://www.mixcloud.com/Tir_na_Saor/mad-world-karen-hudes-world-bank-whistle-blower-008/

Mad World: Karen Hudes – World Bank Whistle-Blower

Posted from: Mad World

29/10/2013

MUST HEAR INTERVIEW – WORLD BANK WHISTLE-BLOWER

http://www.mixcloud.com/Tir_na_Saor/mad-world-karen-hudes-world-bank-whistle-blower-008/

On this episode of Mad World Antonia is joined by Karen Hudes, ex-employee for the World Bank Legal Dept. The information is this episode cannot be over-emphasized.

Please help us by spreading the word on your social media accounts.

Mad World airs every Thursday from 9pm and covers newsworthy issues that don’t always make it into the news. Join Antonia as she peels back the layers of reality that make up our Mad World.

To keep up to date with news, links and information from the Mad World show check out the group page here:

www.tirnasaor.com/group/mad-world-rad…

www.tirnasaor.com

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Black’s Law 4th Edition

US Cases cited TP… CURRENCY.

Coined money and such banknotes or other paper money as are authorized by law and do in fact circulate from hand to hand as the medium of exchange.

  • Griswold v. Hepburn, 2 Duv., Ky., 33; Insurance Co. v. Kupfer, 28 Ill. 332, 81 Am.Dec.’ 284.

Certificates of deposit are “Currency.”

  • State ex rel. Cole v. Trimble, 307 Mo. 57, 269 S.W. 959, 961; Millikan v. SecurityTrust Co., 187 Ind. 307, 118 N.E. 568, 570.

Gold certificate held “currency”.

  • Nortz v. U. S., Ct.C1.,294 U.S. 317, 55 S.Ct. 428, 79 L.Ed. 907, 907 A.L.R.1346.

The term “money” is synonymous with “currency,” and imports any currency, token, bank notes, or other circulating medium in “general use as the representative of value”.

  • People v. Miller, 292 Ill. App. 643, 11 N.E.2d 827

– Richard, BWWEE Skype Room

Basically, IONS holds the same representation as any other money/currency/circulating medium – should we decide to allow it to represent our value equally with all other representations!

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After a bit of hesitation, I decided to post this. Why the hesitation, you may (or may not) ask? When Max and Stacy talk about Bitcoin, and how the “value” has gone up dramatically in the past year, I am asking, “So is this another thing like buying a ‘stock’, and you have to ‘lucky enough’ or ‘perceptive enough’ to know when to get in, when to get out, and all that other stuff?”

I am NOT going to get into any system that does not recognize the only “value” there is… The value of “I Am”… “my Eternal Essence”. And how do you put a number on that? Whether it’s $ or pounds sterling, or ounces of gold, or silver, or BitCoins…

Maybe this is a step in a direction for the people, but I’m still wary of anything that someone like Max Keiser says is going to “increase in value”.

– Kauilapele

http://kauilapele.wordpress.com/2013/10/29/keiser-report-10-29-13-bitcoin-resistance-starts-here-e516/

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I-OPEEN Retail Posters

 Member Stores

Available from the DOWNLOAD box at the top left under
Streets of Love – unconventional

Revision 1 Changes 

Many changes have been made in this revision based on inputs from many others.

This is the Peoples’ Tool and I, Angel Lucci, value with gratitude and appreciation the wisdom shared by many People in Love and Understanding in recognition that I-OPEEN is the Peoples.

There has been many attacks on I-OPEEN by People who in their over-zealousness attack because of their programming and ignorance. Here are some of the comments:

Do your homework people, smells suss to me, monthly fees, use your drivers license or passport for ID, they’ll give you 1000 then some more. They are still in control of our money. We don’t need a middle man, just access to our value with the ability to transact directly with each other. Same girl new dress….again

This “comment” from Facebook could have been made without an attack on the character of the People behind it.  I actually do listen and want to meet ALL the peoples’ needs.  I want to share the entire exchange because the outcome was positive.  We all make mistakes and speak to quickly some times.  We all do it. We all are One.

  • David Ward  Sorry guy’s but this looks like a load of BS to me. There is an attempt here to give this CYCLOS new currency a value by giving it a relationship to a precious metal. We all know or should know by know that the gold standard Act was abolished in the UK in 1925. From that point on the value of the British pound was zero and the same value as monopoly money. This might be a painful fact but it is still a fact. Anything purchased with this zero value currency caries the value of that valueless currency. So the silver or gold is no longer a precious metal to give any form of value to another valueless currency. We don’t need another currency we need to take control of the one we have, not another cabal controlled currency. Sorry guy’s I cannot buy into this cabal rubbish. In my opinion for what it is worth this is a scam.
    September 26 at 2:03pm
  • Angel Lucci  You’re full of shit there David Ward. It’s based on the individual’s value. Silver is just a standard representation for exchange with useless fiat currency that is needed to buy some commodities we need. I’m glad you will not be participating.
    September 26 at 2:07pm
  • David Ward Ok so what is your value in any currency. Pick one because my value is the same as any body else and there is not a currency in the world that has a big enough number when it comes to a zero value currency. Pick a number make it a big one and I mean a really big one because any number you can choose times zero is still zero. Think about this what is your value times zero then it is still zero. do the math get out the calculator. Please. I am no mans fool.
    September 26 at 2:17pm
  • Angel Lucci It’s unlimited in value. It’s just a representation of value. I still think a bridge is needed to leave the current system. This is just a tool for folks to use until they’re educated or awake enough to not need any exchange.
    September 26 at 2:21pm
  • Angel Lucci If everything was FREE right NOW, and every one awake to the service to others mentality, there would be no need for this tool or for any representation of our value. We’re not in that world yet!
    September 26 at 2:23pm
  • David Ward I know exactly what you are saying I really do. and I am fully prepared to live in a world without money or any need to barter. I understand this implicitly. But there is a serious problem here as soon as they made a relationship with what was a precious metal. Why that bollocks? to give it some kind of illusory value. That alone stinks of scam. Then there is the fact that we have to wait until enough industry sign up before it becomes functional. Bollocks can you not see the crap. What happened to the DOV?? What happened to the Birth certificate bond?? OK this is now round three and another strike out. How many times do you want to see another broken system fail. You cannot fix what has never worked in the first place. Not like this. We have to take full control of the systems we have and make everybody billionaires over night. I’m sorry that you cannot see this scam but this stinks of cabal and that wont change
    September 26 at 2:34pm
  • Angel Lucci I understand your reasoning. I said in the post, “Should the economic world change over night, and representative-based exchange of value ceases to exist, then the fee will go away along with I-OPEEN. It’s that easy!” Later Bro!
    September 26 at 2:51pm
  • Chris Golley these ideas are not set in stone Dave. view them more as exploratory scribbles in our scrap book. we can use them to get people used to the idea that we can create our own systems after years spent stuck in the old one. sure the idea you have will gath…See More
    September 26 at 2:55pm
  • David Ward Angel, Look at it like this, Then Ill shut up, I promise Bro. If we could log into this and transfer our value to our currant account. Job Done, I would be there like faster than the speed of light. I would you can guarantee it. It’s because you cant do this that stinks so much of cabal. If they had left of the relationship to silver I might of give this a second look. Chris, Hi Brother, I know you know where i am coming from, and I do get your point but the cabal are going to have to do better than this to sting us again. It has to be a lot more convincing and they are just not there yet. They don’t understand the concept, it beyond there mental capability. There is not enough risk for them yet for me to bite. They are not even coming half way with this BS. I call it the way I see it and that will never change. I will shut up now. Love and light.
    September 26 at 3:07pm
  • Angel Lucci David, I implemented changes based on what you and another was saying. Thank you. Read the article completely now. Included a History of I-OPEEN and value to 1:1 with anything as representation only. Thanks Again and you are right… Just did not need to be attacked. I-OPEEN is the Peoples Bank
    September 26 at 5:01pm
  • Chris Golley Big hugs now you hairy guys
    September 26 at 5:18pm
  • David Ward I came down on this like a sledge hammer when I first looked at this and for all that I now apologize. There is no reason on the planet why this should not work and be viable. We can do anything we choose to do and do it as good if not better. Guy’s I am sorry I completely miss read this one.
    Yesterday at 5:16am
  • Angel Lucci Love you David Ward. I learned much from you. That “sledge hammer” got through this hard head! Thanks again in helping to make I-OPEEN a better tool for the One People.
    a few seconds ago

In this case, we all learned and hopeful this dialogue will help others to understand we ALL are the TRUE VALUE, ALL ONE, and any currency representation by ANY ONE is acceptable.  HUGS any ONE?

If you want to share any constructive ideas about I-OPEEN, please leave a comment on this blog,  in the I-OPEEN Facebook Group or in the I-OPEEN Facebook Page.

Namasta

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HISTORY OF I-OPEEN

If you have followed Streets of Love – unconventional, you would have seen my progression in finding the right software to set-up and implement I-OPEEN, the first Direct-Access Value Exchange System owned by the People.

NO FEES – NO AGENTS – JUST YOU UNLIMITED

I am not going to cover it for you, but If you would like to follow my research, findings, and conclusions, then select Currency/Value Systems from the Categories Menu above on the left panel and start from the bottom post.  It has been a few months.

I have been watching the social media and the Skype rooms listening to the concerns of people.  I am an industrial trainer by trade, and I have the ability or gift to take technical subjects and information and put it all together in a concise and simple manner to allow others to understand.  It’s like a big puzzle and eventually the stuff comes together for me and people are amazed.

It’s really simple if you:

Do the research!

I remember a seed planted 20+ years ago in me by Chuck Swindoll:

We are all faced with series of great opportunity, brilliantly disguised as impossible situations.

Here are the 12 simple steps that I take when faced with opportunities:

  1. Recognition of Problem
  2. Investigation
  3. Medication
  4. Meditation
  5. Evaluation
  6. Medication
  7. Meditation
  8. Implementation
  9. Testing
  10. Medication
  11. Meditation
  12. Evolution

And that is where we come today!  The Implementation, Testing, and Evolution of I-OPEEN.  It’s the Peoples Banking Software Solution.  I selected a hosting service, Jelastic, which supported Cyclos – Online Banking Software.

I called Keimpe de Jong, I had already secured the name on a two week trial, and I asked him for assistance.  And we have been working fools, for the last 4 days to get here today.

Rob Crabtree got excited and started DOing. He secured I-OPEEN.com and created an associated web site overnight.  I-OPEEN.com We also have in Facebook an IOPEEN Group and an I-OPEEN Page.

Our Energy… Our Currency… Our Desire… to manifest the People’s bank.

So if I hear one more complaint, one more misleading, deceiving individual say this is the work of the cabal, this is bull shit, this is a con, a hoax, what-ever, I Am…

One People… One Tribe Y’All…

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Register

WHY CYCLOS ONLINE BANKING SOFTWARE?

CYCLOS is used by many communities internationally in 27 countries for:

  • Banking
  • LETSystems
  • Clearing Systems
  • Time Banks
  • E-Commerce
  • Finance
  • Barter
  • Local Currency

For a complete list of the features included in CYCLOS Online Banking System, please click here to open and read the article .

Therefore, I-OPEEN, using CYCLOS Online Banking Software will allow us to inter-exchange with other CYCLOS community banking systems across the globe.

activation-i-opeenUNIT OF CURRENCY – ION

I-OPEEN’s unit of currency is called the ION.

All transactions with all other communities and with existing FIAT NATIONAL currencies will be on a:

1 UNIT to 1 UNIT

Silver, gold and other metals are just representations of our value.  Why should one metal have more value than another?

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SIGN UP FOR I-OPEEN AND BE PART OF THE EVOLUTION

cropped-i-opeen-3001I am excited to announce the OFFICIAL LAUNCH of I-OPEEN on October 1, 2013.

We are currently on a two-week trial which started on 24 Sept. 2013.  I-OPEEN is currently activated and runs on the Cloud.  Since it is Java Script, it is operable on Windows, Apple, and Unix machines.  I opened it on the iPhone 4 with iOS 7 in the Safari browser with no problems.

SIGN UP NOW so we can establish a base of members before the launch date.  This project will take a cooperative effort of every member to introduce others to I-OPEEN. This is where, your commitment along with some EDUCATION and NETWORKING with neighbors, friend, vendors, and business owners to establish relationships and recruit NEW MEMBERS into I-OPEEN.

The right panel of the login screen, shown below,
allows you to register
for an I-OPEEN Account

NoLoginWe need members and community businesses involved to make this a success in each community where members live, work and trade.  We need our members being actively involved in getting others on-board.  Sign-up merchants, small and large businesses, no matter the size of the company, individuals – 18 or older, children,  under 18 of age, can have accounts opened by their parents or grandparents and receive the same BEing Points as every other embodiment.

We are still in the process of making administrative changes in the software and setting up business-related applications for receiving and storing electronic documentation from I-OPEEN members.

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MEMBERSHIP

membership

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CONTRIBUTIONS ACCEPTED

I-OPEEN will accept CONTRIBUTIONS on a FREE WILL VOLUNTARY BASIS ONLY.

We will keep all members appraised of any needs that arise and if you feel led to give, DO IT!  We will keep accounting for all to review should you desire.

The Hosting Service for I-OPEEN still operates on FRNs ($).  Hopefully we can educate the people of  the Hosting Service on understanding “that WE are the VALUE”, to accept the ION as payment (an alternative representation of our value.  We have not broached that subject with them yet, but plan on it within the next day or two.

The Hosting Service reduces the cost structure for incremental increases in band width, so over time, costs could possibly be reduced.  Once we reach a certain number of users, another server will be required for expanded growth.  We also will have to hire administrators, programmers, and others to manage the operation of I-OPEEN as it grows in membership.

Donations will be placed in an account to cover those recurring expenses and payroll.  Accounting of the funds used for I-OPEEN will be available to all members.

Should the economic world change over night, and representative-based exchange of value ceases to exist, then the donations will go away along with I-OPEEN.  It’s that easy!

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BEING POINTS – A COMMON VALUE SYSTEM

  • Each new member activated is initially rewarded with 1,000 IONS of your value
  • Everyday you are rewarded with 100 IONS for just BEing Value

ImageThis concept was covered in the article “BEing Points – A Common Value System – by Keimpe de Jong“.  We decided to kick-start I-OPEEN off with this concept.

We are implementing this as a way for other people (those not up to speed with the OPPT filings and other changes happening in our world) to understand and learn that they are valuable for just BEING and DOING.  It is also a great way for creating a savings account for children and grand-children.  This representation of value deposited into their accounts can then be used for college education or perhaps, purchasing their first automobile.  And that’s a big IF currencies or representations of our value are still being exchanged in the future?

WE ARE THE VALUE!  THANK YOU IS THE CURRENT. SEE?
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OLYMPUS DIGITAL CAMERAACCESSING YOUR ETERNAL ESSENCE EMBODIED VALUE

We are in the process of creating the documentation that will allow you to personally declare what ever value you desire to deposit up to a maximum (yet to be determined).

However, I was told and learned long ago:

NEVER PUT ALL YOUR EGGS INTO ONE BASKET

Putting the maximum value in any one account would be very unwise. With that said, there is NO ONE here that will restrict your decisions.  YOU are ACCOUNTABLE for your own creations as long as YOU AND YOUR CREATION HARMS NO OTHER BEINGS.

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DOCUMENTATION REQUIRED TO:

 — ACTIVATE MEMBERSHIP

We need an electronic copy of:

  • Your Identification: Any type of Photo IDAmerican National ID’s are lawfully available to anyone whom has rescinded their CORPORATE CITIZENSHIP.  More information at NSEA web site: http://nsea.us/badges/

NSEA-ID

 — DEPOSIT YOUR VALUE

We need an electronic copy of:

  • Your Declaration of Being signed and marked with your thumb print in red ink
  • Your Certificate or Declaration of Value signed and marked with your thumb print in red ink

eMail a scan or a clear photo of the signed documents to the email below:

  • iopeen@zoho.com
  • Place your “<login_name> Documents” in the Subject header

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FEATURES

Some of the features of I-OPEEN that will are available include:

images/stories/card.png

  • Online Banking
  • Mobile Banking
    • Multiple Accounts
    • Savings
    • Business
  • SMS Banking
  • Cards /POS (Point of Sale)
  • E-Commerce

For a complete list of the features included in CYCLOS Online Banking System, please click here to open and read the article .

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WHAT WE REFUSE TO OFFER THROUGH I-OPEEN

  • LOANS

The software has the feature to make loans, borrow money, etc.  As soon as we can, that feature will be inactivated.

YOU will NEVER have to BORROW MONEY EVER AGAIN!  Need some of your VALUE, just submit the documentation to DEPOSIT additional VALUE into your I-OPEEN account.  It is that SIMPLE!

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co-operationOPPORTUNITIES

Since we are changing the current paradigm of banking and value,we have to pull together and assist one another in any way we can.  I would like to share some ideas which will open up doors of opportunity for every one!

Some of the opportunities for people that I see coming from I-OPEEN include:

  • People with an abundance of FRNs, or other NATIONAL FIAT CURRENCIES in their bank accounts, can help others who lack such representation of energy to purchase in the NOW those commodities, such as gasoline, cell phones, other purchases that require those representation to acquire:
    • Establish an Advertisement in the I-OPEEN Marketplace to exchange FIAT CURRENCY for IONS.  Once the transfer is complete, the FRNs can be transferred by PayPal or some other online currency exchange with just a person’s email address
  • People selling Silver and other precious metals may desire to have representation in IONS so they can do as suggested above.
    • Establish an Advertisement in the I-OPEEN Marketplace to exchange Silver or other precious metals for IONS.  Once the transfer is complete, the representation can be the shipped to the customer’s address

If any one has other ideas for opportunities.  Please leave a comment at the bottom of this article.

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WHAT IF I-OPEEN IS NOT THE TOOL FOR ME

If I-OPEEN does not meet your needs, you can close your account(s) at any time.

  • Your Deposits of Value can be transferred to another banking system that will accept them or
  • the value on deposit will cease to exist in I-OPEEN and a final statement will be provided

It’s still your value, you’ll just have to find another banking system that will accept and deposit your value.

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Exchange-P2PSUMMARY

Since this is a new start-up for all of us, please be wise in your transactions, and have patience if we run into any technical issues with the system. Treat every one kind and we can make this the tool one that every One will want to use to access their value.

Remember, this can only be successful with Members who are willing to use this tool and the ION as a means of representation of our Eternal Essence Value.

This project will take a cooperative effort of every member to introduce others to I-OPEEN.  This is where, your commitment along with some EDUCATION and NETWORKING with neighbors, friend, vendors, and business owners to establish relationships and recruit NEW MEMBERS into I-OPEEN.

How bad do you desire to BE FREE?

Sign up for the IOPEEN Facebook page!

RECOMMENDED READING

CO-OPERATION – CO-CREATION – ACTIVATION – A Solution for Global Economic Prosperity

https://angellucci.wordpress.com/2013/10/02/co-operation-co-creation-activation-a-solution-for-global-economic-prosperity/

TRANSACT-ION: A Global Challenge of Unity with Equal Value Recognition

https://angellucci.wordpress.com/2013/10/03/transact-ion-a-global-challenge-of-unity-with-equal-value-recognition/

SOL-Signature

Exchange-P2P

Posted from:
http://www.gmlets.u-net.com/faq.html
—————
The LETSystem is a good place to start with creating and implementing our own I/UV Exchange System based on the UCC filings of the OPPT-I/UV.

The Standard for exchange would be:

    1 I/UV Unit = 1 OZ Silver

This allows for exchange with all currencies currently used around the world. It also makes it compatible with the BRICS system currently being introduced.

We deposit some of our value into the I/UV Exchange System.

We all work to get vendors, businesses, and other merchants into the I/UV Exchange System. These can include all types of businesses:

      Eateries/restaurants

 

      Automotive dealers

 

      Plumbers/Electricians/HVAC

 

      Pubs/Bars/Clubs

 

      Cooperatives

 

      Gas stations

 

    Grocery stores

That is just the beginning of some ideas to get this going ASAP in each of our communities. We can do this and all will benefit from this simple yet effective way to access our value and trade with other like minded people!

LET me know if you have further ideas to make this work!

Angel Lucci
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Section 1 – Principles and Philosophy.

What is a LETSystem?

A LETSystem is a trading network supported by its own internal currency. It is self-regulating and allows its users to manage and issue their own ‘money supply’ within the boundaries of the network.
The key points include:

      co-operation: no-one owns the network.

 

      self-regulation: the network is controlled by its users.

 

      empowerment: all network users may ‘issue’ the ‘internal currency’.

 

    money: money, as a means of exchange, is an integral feature.

LETSystem recording services keep track of transactions and issue statements of LETSystem trading.
Is a LETSystem a type of barter system?

LETSystems use their own type of ‘money’ – they are money systems.
Barter is a type of exchange where we swap goods and services without using money – I give you a loaf of bread and you give me two cabbages. You fix my car and I’ll cook you dinner. But you may not like my cooking………….

Money overcomes the limitations of barter. I give you money for your goods and services and you can spend it elsewhere. In a LETSystem you can use your account to buy what you want from one person and then sell what you can to another.

What does LETS stand for?

The word “LETS” was chosen to highlight an invitation (let’s) and a culture of consent. LETS embodies the ‘Law of Two Feet’ – “If you like it, you walk in. If you don’t, then you walk away”.
Eric Frank Russell, the story writer, expressed this as “Freedom I will, Freedom I won’t” – everybody has choices. (Ref. 1)

LETS supports trading which results in win-win outcomes. This is to be contrasted to the more coercive types of behaviour often seen in communities which are short of money – “I’ve got the money, so you have to work for me.” In LETS, there is never any obligation to trade.

The use of LETS as an acronym was an afterthought. The most common rendering is ‘Local Exchange Trading System’. However, we prefer to avoid the use of the word ‘local’, as it suggests a geographical emphasis, which can be misleading.

What is the basis of LETS?

LETS is based on the value of the individual within the community. This involves both freedoms and responsibilities. We can outline the main criteria:
consent, nothing happens without it.
no interest to be charged on account balances.
common ownership, resulting in cost-of-service provision of support services.
disclosure of information – to ensure the informed action of users.
How does the LETSystem differ from other types of LETS?

In addition to the four criteria listed above, the LETSystem adds a fifth:
Trades are valued in units equivalent in measure to the national currency.
This a particular arrangement which makes the system more practical, while keeping to the basic philosophy.
Other forms of LETS may assign other measures to their trading units, such as a standard hour of work. These systems can all be catered for within the standard LETSystem support framework.

(See: “What are the particular features of LETSystem trading units?”)

LETS – is it a system or a scheme?

A scheme is basically a plan, or a procedure for doing something. A plan tries to draw up every part, or show every step, in advance.
A system, on the other hand, can respond to changes in its environment. Once established, it can be naturally self-regulating throughout its life. This is why we use the word ‘system’ – ‘a complex whole, a set of connected parts’.

LETS is not a scheme, it is a coherent system. LETSystems have a sound underlying ethos, they are self regulating and they conform to all legal requirements. We do not use it the word ‘scheme’ ourselves, and we are unsure how has crept into use.

The Pocket Oxford Dictionary also defines ‘scheme’ as ‘an artful or underhand design’. (This is not something we wish to be associated with).

What are the particular features of LETSystem trading units?

The LETSystem unit of account is denominated in pounds sterling (in the UK). This means that transactions are straightforward, particularly if there are formal accounting requirements, as is the case with a business.
Although account-holders use the same measure as the legal tender, LETSystem money differs from conventional money.

LETSystem units can only be spent in the system on which they are issued.

The units themselves are information about an individual’s position within a trading community. They represent promises made by those who issue them. But those promises cannot be ‘called in’ as if they were a debt. They are not ‘redeemable’. They are not material property. It follows that they have no intrinsic value until they are spent.

What is a LETSystem Registry?

A LETSystem Registry is where you register when you want to start LETS trading. The Registry then co-ordinates the recording of your transactions and the sending out of your statements.
LETSystems and other similar networks can also be registered, enabling one Registry to support several different systems. This makes systems easy to set up. As soon as a system is registered, individuals can open their accounts in it and trading can begin.

LETSystem Registries are community-based, not-for-profit enterprises. They are responsible directly to the individual account-holders registered with them.

What do LETSystem Stewards do?

Each LETSystem has stewards who are responsible for the integrity of the LETSystem. They are accountable to the account-holders and their powers are strictly limited, as defined in the LETSystem agreements:
they can instruct Registries to decline to record transactions considered inappropriate.
they can liaise with Registries, in particular regarding their charges.
they can act as whistle blowers, drawing the attention of the trading community towards actions which endanger the integrity of the LETSystem.
Although Stewards are authorised to act on behalf of the LETSystem trading community in carrying out these duties, they remain personally accountable and personally liable for their actions and decisions. Stewards also risk the loss of the system unless they act with the general consent of the other account-holders.
Stewards may be the initiators of a system, or else provision for their appointment can be made at start-up.

Section 2 – Using your account.

Do I have to earn before I can spend?

No, that’s not necessary.
All accounts begin at zero. For one account to move up, another account must move down.

So at any one time approximately half of us will have positive balances and the other half will be negative. Negative balances are an essential feature of the system, so they are not to be viewed as bad and wrong (i.e. debts). Negative balances simply mean you have received more goods and services than you have given out.

So, if you wish, you can buy something with your first trade. As long as your initial commitments are modest, this is perfectly acceptable.

If you wait to earn before you spend, you could find it slower to start trading. If everybody had to wait to earn before they could spend, nobody would get started!

How do people get hold of trading units to start with?

You use your account to earn and spend. For example: I pay you to paint my front door – 5 pounds for the paint and 30 pounds for your time. I give you a 5 pound note. We agree that I pay you the remaining 30 pounds on our neighbourhood LETSystem. Your account rises by 30 and mine goes down by 30.
You can now spend your 30 (or more, if you wish) with anyone else on the same system.

Every time an account moves up, another account must move down by the same amount.

What is a ‘commitment’?

A commitment is simply a negative account balance. A commitment represents a willingness to consider supplying goods or services to one or more account-holders at some future date.
When you have a balance in commitment and someone pays into your account, your commitment is reduced, or turned into credit.

In a healthy system, account balances bob up and down, sometimes having a balance in credit and sometimes in commitment.

People in commitment can be considered to have issued LETSystem money to those in credit. There is no central body issuing credit, there is no need.

This means that there is never a shortage, and never a surplus, of LETSystem money.

Can I split my charges and ask for part LETS units and part cash?

Of course, whatever makes sense for you. You may have cash costs to meet as part of the trade and you will usually want to recover those.
If the trade is part of your normal business or profession, you may have a tax liability and you will need cash for that.

The LETSystem recording service will only keep track of the LETS part of your trade.

Why use a LETSystem when you have cash and credit?

For most of us, cash is hard-won and even harder to hold onto. It is in limited supply. But the internal currency of a LETSystem is never in short supply, since the LETSystem money is issued as and when it is required.
The money issued within a LETSystem can only be spent within that system. It therefore stays within the trading community, going round and round, supporting further trading as it goes.

LETSystems accounts are very cost-effective and more affordable than a bank or credit card account. No interest is charged on, or is payable to, accounts. This reduces costs and encourages people to keep spending, since there is no benefit in ‘hoarding’ positive balances.

Because LETSystem units cannot be spent outside the LETSystem, they do not have the same spending power as cash, But they are supplementary to cash, not alternative to it. As a result, those people who use LETSystems can reduce their cash outgoings, and make their cash go further.

How do people value goods and services within a LETSystem?

Using the pound sterling as a convenient measure, prices in the sterling economy provide a starting point. But valuations in a ‘local’ economy tend to differ from those outside. Activities which are traditionally low-paid tend to be rewarded more generously. On the other hand, activities which are conventionally more highly-paid tend to trade at a lower prices.
This is a function of the way the LETSystem operates. The differences result from using a ‘money’ which is not in short supply and which is only acceptable to other users of the system. No intervention is required for this to take place, except education – and even that can be self-education.

Money does not value people, people value each other. But, when money is scarce, valuations become distorted . For example, I want to give you as little money as possible, for as much as I can get from you.

By using a ‘money’ that is not scarce, people are able to value each other more appropriately.

I value myself, but don’t I have to be realistic about market rates?

When you use a LETSystem, you are participating in an internal market which is subtly different from the national or regional markets which use conventional money.
Everyone is still keen to get as much cash as possible. But the ability to earn LETSystem money is enhanced and there is pressure to spend it rather than hoard it.

These factors can combine to give a much lower spread between low price and high price services. People who overcharge find that they can’t spend fast enough, people who undercharge find less resistance when they put their prices up.

What happens if someone goes away leaving a negative balance?

Nothing, provided that the rest of us carry on trading with each other. Absconders can’t take the LETSystem money with them, because it always stays in the system.

This is one of the most frequently asked questions and it reflects a justifiable concern about cheating within a co-operative activity.

If someone leaves like this, they are basically a dead loss. They have taken more goods and services from the trading community than they have given. But they have turned their backs on a useful support system and will have difficulty if they want to return.

People can, and do, play these games, but it’s a bit like cutting your nose off because you want to cheat your face.

Once account holders know that the risk is there, but it is not catastrophic, they play their part in looking out for cynical behaviour and act to nip it in the bud before it becomes a big problem. This is one reason why we agree to our balance and turnover details being available to all the other people who hold an account in that system (disclosure). Then you can say that you’d like to trade with a particular person, but you’d prefer to wait until they have put their account into better shape.

Are there credit limits for LETSystem account holders?

There are no formal credit limits. We make it clear to account holders that we all share in responsibility for the integrity and stability of our trading system.
Jan Carlzon said that an individual without information cannot take responsibility, but an individual who is given information cannot help but take responsibility. (Ref. 2) All account-holders agree that their account balance and turnover (total trading to date) can be furnished to any other account-holder. We encourage account holders to take up references when considering a trade. If you are at all unsure that another is “credit worthy”, then you are encouraged to decline to trade or ask for payment by some other means (and that includes cash).

There is a further difficulty with credit limits – it is difficult to make allowance for individual circumstances. If someone has not yet provided something through the LETSystem and they are several hundred pounds in commitment, there may be cause for concern. But someone who is several thousand in commitment, yet has traded twenty thousand overall, is a much lower risk. This is because they have demonstrated their good faith to the trading community.

In smaller systems (up to 500 accounts or so) it is surprising how word gets around concerning large negative balances and, just as important, about large positive ones. Personal behaviour and circumstances are usually taken into account when deciding whether or not to trade with the relevant people. With larger systems, the stewards act as a backstop in bringing unusual or unethical behaviour to light. As a final sanction, with the interests of other account-holders in mind, the stewards can suspend an account. But only in exceptional circumstances, as a last resort.

Are LETSystem units transferable?

LETSystem money can only circulate within the system. It cannot be taken out.
No one can force anyone else to transfer or exchange LETSystem money. (In technical language, the units are not redeemable).

However, individuals are free to transfer LETSystem money from their account in exchange for cash from another account-holder. And if they have an account in another LETSystem, they can transfer units between systems with the assistance of another account-holder. But the integrity of each system is still maintained. (In technical terms, all transactions must be recorded as double-entry).

How are the account-handling charges set?

Account charges are set by the Registry. The charges must reflect the cost of providing transaction recording and sending out statements. Technically, it is possible to adjust the charges at each statement mail-out to ensure that costs are covered yet surpluses do not build up. External auditing may be carried out by:
the Inland Revenue (who may want to check that no profits are made).
LETSystem Stewards who are empowered by the agreements to liaise with Registries and agree levels of charging.
What about other administration charges?

All other charges are agreed between the account-holders who provide the services and those that benefit from them. This includes services such as lists of offers and wants, trading events, quality assurance and so on.
At start-up, particularly if cash is an issue, some of these activities can benefit from external support from a LETSystem development group or a suitable sponsor.

None of these services need be compulsory and it is important that account-holders are charged only for the services that they individually use.

Can I belong to more than one LETSystem?

As many as you like. One or many, just as it suits you. And your Registry recording service should be able to supply you with details of your trading on those systems that you choose, all listed on a single statement.
Section 3 – Who can benefit?

What are the benefits to individuals?

Individuals can benefit through greater access to goods and services; through more affordable training and education; additional employment; starting a business – there are many possibilities. In addition there are more intangible benefits which also improve the quality of life, such as the widening of social networks.
How can businesses benefit from LETSystems?

A business would use a LETSystem for a number of reasons and in a number of ways:
to attract customers – by accepting part cash and part LETS money, the goods and services are more affordable and the fact that the customer may be short of cash is less of an obstacle.
to increase cash income – although the cash portion of the sale is now lower than the full price, total sales go up and cash income is the same or higher than before. In addition, local money has been earned which can be spent or, if desired, given to charity.
to encourage customer loyalty – customers with LETS accounts like the deal and they come back again.
to ease cash flow – if suppliers of goods and services (book-keeping or advertising, for example) accept part payment in LETSystem money, then the harder-to-earn cash is available to help with other bills.
to gain a higher profile within the community – making donations to local projects in LETSystem money is a more affordable way of gaining good PR within the local community. Because the LETSystem money cannot leave the system, it tends to come back, even when it is given away.
How can voluntary groups use LETSystems?

Because LETSystem money is easier to earn, it’s also easier to give away. Voluntary associations which accept donations in local (LETSystem) money can use it to reward volunteers and to pay for essential services without using up their cash budget.
Donations to charities in local money can be offset against tax in the usual way. This provides further opportunities for fund-raising.

Voluntary associations may also use LETS directories to obtain more services and to gain a higher public profile.

Can anyone use a LETSystem?

Yes.
LETSystems provide a framework for people to value activities which are not normally valued in the conventional economy. Many people who have difficulty gaining paid employment can nevertheless participate in a LETSystem.

Those who are so seriously incapacitated that they are unable to offer anything can benefit from gifts made through the LETSystem. For those of us who are active, it is a lot easier to give LETSystem money than it is to donate hard cash.

Benefit claimants should obtain specific advice from their nearest LETSystem development group before trading. This is to ensure that they do not jeopardise their entitlement to benefit.

Do LETSystems work better for people who have an adequate amount of money, or for people who have little money?

Our standard answer is:
LETSystems work for everyone who uses money and could use some more.
The state of a person’s bank balance is not as relevant as the ability to trade. Does (s)he have time available? Is (s)he willing to devote skills and energy to trade with others?
Of course, there are often costs that cannot be met on the system and will have to be paid for with cash in the normal way. Replacement parts for repairs, for example. Even then, you should find it possible to make your cash go further.

What about people with very few resources?

LETSystems cannot easily address economic problems caused by a total shortage of cash. We have now reached the position where virtually the whole economy of the UK has become monetised. The Welfare State is the last resort of many people before the onset of total destitution and disempowerment.
In the longer term, LETSystems will help to build community economies in which everyone will be able to buy and sell goods and services. This will lead to less dependency on state benefits.

Until then, any reductions in state benefits for people who use LETSystems would be damaging and counter-productive. For those who claim benefit, the fear of losing that money is a key factor when considering whether or not to trade on a LETSystem.

(See also: “How does the DSS view earnings within a LETSystem?”)

Are there any examples of LETSystems having helped those with very little money?

Colin Williams, of the Centre for Urban Development and Environmental Management, believes that there are. In his article in Town and Country Planning (vol 64, no 8) he says that:
“Although the unemployed offer a narrower range of goods and services than the employed, they are more successful at selling them.”
He believes that the volume of their LETSystem trading as a percentage of their annual income may not seem significant, but:
“its use-value should not be under-estimated……….the work accomplished is seen by the respondents as significantly improving their living standards.”
Do LETSystems work better in rural or in urban settings?

We have examples of LETS working both in rural and in urban environments. The rural-ness and the urban-ness is not a key factor for the success of a system.
(See also: “Who are LETSystems for?”)

Who are LETSystems for?

LETSystems are for anyone who wants to use them.
Many people are ready to express an opinion on this topic, but they often have underlying assumptions that LETS only works with middle class/the green lobby/businesses/ minorities/poor people/rich people/whatever. The reasoning is that the people who are using LETSystems are not like us, so we can’t, or won’t want to, use them.

With the increasing diversity of applications, this exclusive attitude is being transformed into a more inclusive one.

We refrain from identifying ourselves completely with poverty issues, or rural issues, or community issues etc, because LETS can be used to address all these. Development in one area can support development in other areas. There is no conflict of interest, no need for insularity.

The act of forming mutually beneficial trading relationships is not a function of geography, race or class. LETSystems work best where people want to participate. What matters is the enthusiasm and abilities of the individual participants, together with the accessibility and transparency of the systems.

Section 4 – Legal Issues

This section reflects the current situation in the UK. It is not intended to replace advice which may be obtained from your legal advisor or the appropriate government department.
What is the official status of a LETSystem?

The LETSystem is simply a network of people who agree to trade in a particular way. Using an account on a LETSystem can be compared to using a fax machine. Just as the fax gives you another way to communicate, so your LETSystem account gives you another way to trade.
The LETSystem itself has the same official status as an informal game of football in the park.

Problems only arise if someone tries to act “on behalf of the LETSystem”. At which point they soon find themselves up a legal gumtree. Account-holders can be represented, just as a group of players in the park can be. But a system cannot be represented – how do you represent a game of football?

(See also: “What is the legal status of the LETSystem Registry?”)

What are the legal implications of trading on a LETSystem?

The same laws apply, whether or not you are trading on a LETSystem. You are responsible for your actions and your behaviour.
All account-holders agree to adhere to a simple set of legally-binding agreements. The agreements also apply to those who provide services which are essential to the operation of the system itself, such as transaction recording. Providers of essential services enter into additional agreements with the other account-holders In common with other account holders, they have to take into account their particular legal status when trading.

It is the agreements which legally define the relationships within the LETSystem. These agreements can be subject to contract law.

What about income tax?

LETS earnings associated with your normal trade or profession need to be included in your accounts for your tax return. You can ignore all small social-type trades when making up your tax return. If your LETS earnings for a specific type of trade are large, say over 500 pound equivalent per annum, it’s not your normal line of work, and you are unsure whether to declare, you need to check with the Revenue whether you have a new trade or profession.
Include in your tax return all possible business-related expenses paid for in local units. Remember that you only pay tax on your profits.

Assign sterling values yourself, or the Revenue have the right to value transactions using current market rates.

If you do this, then you don’t need to submit separate details of your LETS trading, just include all the sterling equivalent items in your accounts, then report the net totals for both sterling and LETS combined. Keep your LETS statements in case the Revenue decide to audit, it’s just like having another bank account.

If you are in any doubt, check with your Inland Revenue office. We have found the Revenue very helpful as long as you are honest with them.

What is the legal status of the LETSystem Registry?

A LETSystem Registry, as a service to the community, can choose any structure that supports not-for-profit trading. The structure adopted will depend largely on the size of the Registry. Smaller Registries may exist as sole traders or partnerships. Larger Registries are probably best run as co-ops or a companies limited by guarantee.
How does the DSS view earnings within a LETSystem?

Inconsistently.
On the one hand, LETSystem money is not legal tender. On the other hand, people can gain real benefits from their LETSystem transactions.

The safest advice is for claimants to keep their LETSystem trading within any weekly disregard.

Our position, which has not been officially accepted, is that claimants should accept reduction of benefit only when they use their LETSystem account to obtain the basics of life such as food, rent etc.

Further, trading on non-monetised systems (e.g. hour based LETS) should not result in loss of benefit. In Australia, this has already been achieved through a government ruling.

More details, in the form of position papers and reports, are available from your nearest LETSgo office or through the LETS-CONNECT network.

What are the implications for VAT traders?

Like all taxes, VAT must be paid in legal tender – Pounds Sterling in the UK. VAT is payable on the ex-VAT asking price, which includes the amount of LETS money paid.
If you are VAT registered and you are selling an item for 100 pounds before VAT, you could charge 25 LETSystem pounds and 75 pounds sterling. Then you add on 17.50 in Sterling for the VAT.

Does a LETSystem provide quality assurance?

Whilst LETSystem account-holders may provide quality assurance on their own work, no-one can provide such assurance on behalf of a system. This is because LETSystems do not exist as legal entities. They are merely information systems which facilitate trading. They can only be defined by the relationships between those who use them.
Of course, anyone with a LETSystem account can offer quality assurance or other brokerage services to the trading community. But they take on the responsibilities for providing this service on their own account and never on behalf of ‘the LETSystem’. And this service remains an option which individual account holders can choose to use or not, as the case may be.

It is unrealistic to expect any third party to be answerable for all the trading within a system. It is also disempowering for the individual buyers. Education and information are better routes to fair trading.

Buyers should seek assurance that the providers of goods and services are suitably competent, qualified and insured as necessary.

“Let the buyer beware.”

(See also: “Does the Registry or the Directory Service give Quality Assurance?”)

Does the Registry or the Directory Service give Quality Assurance?

Both the Registry and the Directory Service should offer a quality service, but they are only responsible for their own work. They do not provide quality assurance regarding the work of other account-holders. After all, banks will not guarantee the value of something you buy with a cheque. The Yellow Pages will not accept responsibility for traders who advertise with them.
It’s not their business how you spend your money. They don’t guarantee that the bread is fresh or that the car won’t break down. That’s your job.

Section 5 – Who’s who in LETSystem development.

Many individuals are active across the world. This list does not claim to be extensive, it merely reflects the most frequently asked questions within the British Isles. We can publish details of other contact groups if they are sent to us with a short commentary. Organisations are listed with the youngest first.
What is LETS-Connect?

LETS-Connect is an information and support network for LETSystems which includes both individuals and development organisations such as the LETSgo projects.
What is econ-lets?

Econ-lets is a discussion group that takes place using e-mail. It is intended to promote the discussion of the economic, social and telematics issues surrounding the development of LETS.
What’s a ‘LETSgo’?

A LETSgo project is a kick-start for LETSystem development in a particular region.
The aim of the LETSgo is to initiate prototypes and establish a LETSystem Regional Development Initiative (LDI). The LDI is a consortium of different parties who work together to achieve common aims in establishing a diverse but coherent network of LETSystems and LETSystem Registries across the region.

A LETSgo project is therefore part of the LDI activities.

What is LETSolutions?

LETSolutions is a not-for-profit consultancy group which provides information, presentations and advice concerning LETSystems.
What is LETSLINK Scotland?

LETSLINK Scotland is an information and support group for LETS in Scotland.
What is LETSLINK UK?

LETSLINK UK is an information and support service for LETS.
What is Landsman Community Services Ltd?

Landsman is a Canadian company which propagates LETSystem development on a global basis. It is the source of design work concerning the LETSystem and related organisational structures, as published in the LETSystem Design Manual.
Who is Michael Linton?

Michael Linton is the designer of the LETSystem. He emigrated from Britain to the west coast of Canada in the 1970’s. In 1983 the first LETSystem in the world was implemented in the Comox Valley on Vancouver Island.
Michael established Landsman Community Services Ltd in the early 1980’s, so making all the organisations listed here possible.

Section 6 – Development issues.

Does a LETSgo need a support worker?

A LETSgo project requires a whole variety of participants. In keeping with the basic ethics of LETSystems, it is an open and participative joint venture. Anyone who agrees with the aims and methods of the project should be able to join in. Records are kept to acknowledge efforts and share any remuneration in an equitable manner. Support can therefore come from the whole community – private sector, public sector and third sector.
A Local Authority support worker is not necessary for the implementation of the project. If such a support worker is working to a pre-arranged brief as part of the consortium team, and properly trained and qualified to carry out the brief, then funding a worker is one way in which the Local Authority can contribute.

But there are other ways that Local Authorities can provide support. We recommend that the direct appointee option be considered only when the Local Authority is committing a substantial spend to the project, and therefore needs a representative to ensure good financial control of the activities to which funds are to be applied. This should be negotiated by all parties in advance.

What software is available to run a LETSystem?

Two commonly used packages are available. They run on industry standard PCs.
the nLETS package is used for producing listings in a simple noticeboard or directory format. The layout can be further enhanced by exporting the data to Desk Top Publishing packages. nLETS is used by directory services. nLETS has been developed to an advanced stage.
mLETS software supports registration and transaction recording, including the sending out of statements etc. mLETS is used by Registries and their accounting services. mLETS is robust and well-tested.
Note that several LETSystems can be supported by one directory provider and one Registry. There is no need for additional software.
regLETS is a package which is the upgraded version of mLETS. Currently in beta-testing phase, we recommend that users have experience of mLETS and access to e-mail so that they can participate in the development process. Unlike mLETS, a 386 or 486 machine is required. regLETS provides a noticeboard modules as well as accounting software. It also has a module for recording trades. All modules are stand-alone and fully compatible with mLETS.

Whatever software is used, please note our recommendations that that the functions of accounting and listings be administered (and costed and charged) separately.

What advantages does the software offer over standard spreadsheet packages?

ready for use – the programs are designed specifically for the job in hand, with documentation available, so there is no time-consuming set up to do.
already checked – the applications have been rigorously tested to eliminate defects and unpredictable results.
safety of entry – transaction entries are saved to disk as they are entered, so if a problem occurs the data does not have to be re-entered.
no cost/low cost – the packages are available at cost of distribution.
low running costs – they work on older machines so you don’t need state-of-the-art (expensive) equipment.
supported – verified software comes with technical and operational support from LETSgo offices and through LETS-Connect.
Section 7 – Looking into the future.

Are LETSystems sustainable?

The LETSystem design has proved to be extraordinarily robust. Their sustainability is underpinned by the simplicity of the design and by the ethic of cost-of-service.
Cost-of-service ensures that account recording costs are all met and that everyone is fairly rewarded for the work of recording transactions. A sustainable system cannot rely on volunteers, because this invites problems associated with “burn-out”. The payment of a ‘going rate’ for work on essential services is included in the cost-of-service ethic.

Operational services can be paid for entirely in LETSystem currency. Account-holders meet costs on a ‘pay as you use’ basis. The charges can be kept low, as long as they consist of strictly operational costs. There is no place for charging promotion or other development costs directly to account-holders. This is not only unfair, it also threatens the sustainability of the system.

Initially, consumables such as paper and postage often have to be paid for in cash. In the absence of external support, account-holders will have to meet these cash costs.

The only serious threat to a LETSystem is loss of confidence by the participants – a threat common to all money systems. But it is worth reflecting that the cessation of a LETSystem is far less traumatic than, say, the collapse of a bank or the failure of an investment fund.

The main contributing factors to confidence in a LETSystem are:

balance of offers and requests – can I spend what I earn?
the efficiency and accuracy of the account recording process.
If trading in a LETSystem was to stop, those who have supplied more than they have bought will ‘lose’ their positive balances. No-one will be able to seek redress from those with negative balances. On the other hand, there is always the possibility that LETSystem accounts could be re-activated at some time in the future. Also the trading records in dormant/defunct systems are still there to be referred to by the former users.
What is the link between money and the environment?

The advent of Agenda 21 has outlined the need for action at a local level to improve the environment. If you stop to think about it, concerted action is discouraged by the present economic system. We’d like to do something, but we don’t have the money.
Money is scarce and we will try to spend as little as possible to get as much as possible. We are therefore attracted to imported goods produced at third-world pay rates using cheap raw materials. These materials are cheaper if they are produced by unsustainable methods. Meanwhile our local economic activity is declining and unemployment is increasing. Our manufacturing shrinks, the tax base contracts, social costs increase and there is even less money to spend on improving the environment.

Rupert Sheldrake, the physicist, points out that the people who delight in recreation in the natural world during the weekend are busy destroying that same world during the week. (Ref. 3) This is not because they want to be destructive, but because they don’t know how to avoid doing so.

For many people, the only ‘green’ issue is whether the giro or other funds arrive on time. Only when we are sure that we can buy what we need, when we need it, will we turn our attention to all the other pressing matters which require our time, resources and ingenuity.

LETSystems have the potential to breathe life into the local economy. Using LETSystems, traders are already turning their attention towards recycling, sustainable food production and energy efficiency. But more than that, the ability to ‘shop local’ and get good value for money is a move in the direction of a more sustainable way of life.

Can LETS support local food production?

Yes – as long as we have consent.
Local food production is a business and, like in any business, cash has to be found at all stages. The grower needs to pay for labour on the land, the book-keeper (even if when it’s her husband!), the seedsman, the distributor, the packing and so on. And we won’t mention advertising.

All of these people and all of the services may be found in one small area. If these people are prepared to accept local units (LETSystem money) for their time and effort, they will have created a local business which is sustainable, probably ethical and well and truly supported by LETS.

The outcome is that local people are able to buy local food for part local money, in addition to each other’s “regular” services, on a daily basis.

In our promotion of LETS, we are now looking more towards people who understand LETSystems and will set up their businesses to use LETSystems from the outset, as a normal part of business life. This is opposed to the “LETS activist” approach where you try to convince existing business people of the benefits. So we “walk our talk” as far as food production, or any other business activity, is concerned.

(From John and Mandy Winkworth)

Can LETSystems be used in conjunction with self-build projects?

There are several projects under consideration at present. The Homes for Change project in Manchester, at present approaching construction, has proposed that the housing co-op accept 10 per cent of rents in Manchester LETS currency. This is contingent on the ability of the co-op to spend their local money on support services, such as office work and maintenance. As for the future, John Winkworth writes:
As a self-builder, in every sense of the nail, I have to say that LETS is the most exciting tool in the bag so far. The biggest drawback for me, after all the excitement, the sheer hard work and endless fun, is having to pay in the conventional way for the house that we built with our own hands.
I mean, of course, by way of the ‘mort-gage’ over a long, long time.

Her Majesty’s Inspector of Taxes tells us that local money is just as real as the pound sterling. This means that a group of self-builders looking for funding should be able to pledge their time to match funds in a wide variety of situations.

References:
Eric Frank Russell – And Then There Were None (Short story, Hugo Award series)
Jan Carlzon – Moments of Truth
Rupert Sheldrake – The Rebirth of Nature (Random Century Ltd)
Produced by LETSgo Manchester, 23 New Mount Street, Manchester M4 4DE, with contributions from Landsman Community Services Ltd, Nigel Leach of LETS Solutions, John and Mandy Winkworth of LETS-Connect. Special thanks to Nigel Stewart of XTML for electronic publishing.
Copyright held by Robert Soutar Ltd 1996 on behalf of the LETSystem common-wealth.

Permission to copy this document is granted on the following conditions which apply whether the copies are of the whole document or of any part:

copies are published unedited
the source including authors’ names is attached to all copies
the copyright notice is attached to all copies
no charge is made to recipients other than cost of onward distribution
this notice is retained in the text of the copies

Last Revised : 21 April 1996 by Nigel Stewart