Federal Reserve Dollars & TEA Election Cycle
Jon Chance - 22.10.2002 17:42
Perhaps the folks at the World Bank Group, the Federal Reserve Corporation or MIT have already calculated new shenanigans for cornering the market on OUR time and OUR Sun...? If so, perhaps such "economists" need to be reminded that slavery and theft is both un-economical and unlawful.
Time + Energy = Wealth. What's Your Share?
Several questions were raised after "THE TREASURY NETWORK" post was distributed last week (8/07/02):
 http://egroups.com/group/Time-Energy-Accounting/message/187
It would probably be best if questions, suggestions and related discussion be posted openly and directly at
http://egroups.com/group/Time-Energy-Accounting
ELECTION CYCLE
Two interrelated administrative questions were:
1) Why hold elections every four years rather than every two years?
and
2) How are treasurers or representatives removed(recalled) prior to a scheduled election if they are doing a bad job?
These are good questions, even though they do not pertain to the kernel of the TEA operating system (ie: $1 = one living hour or one kWh of renewable energy).
Administration of local treasuries is ultimately determined by local resident citizens. So if a local treasury becomes corrupted and/or inefficient, its reputation or "credit rating" among other participants will suffer the consequences.
In such a case, perhaps the market value of an inefficient local treasury's TEA dollars will be devalued (inflation) by participants. And if poor performance continues for too long, participants might simply refuse to accept such a local treasury's currency.
Legal remedies might also be applied, which is one of the responsibilities of elected provincial (statewide) representatives.
But one of the primary goals of the treasury network is to reduce the workload of lawyers, law enforcement and other entropic (wasteful) activities (eg: over-employment for the sake of growing "our" GNP - Gross National Pollution).
Most likely, since it's in their own best interest, local TEA treasuries will correct inefficiencies and/or corruption prior to suffering devaluation of their currency, which bring us back to the two administrative questions posed.
Should elections be held every two years rather than every four years?
If doing so makes local treasuries and the entire treasury network more accountable, responsive, efficient and responsible, YES. What do you think?
And - if need be - how are poorly performing local treasurers and/or provincial representatives removed prior to elections?
If elections are held every two years, this more frequent cycle will likely allow enough time for such treasurers or representatives to be voted out (or face legal action) prior to excessive damage incurred.
If treasurers or representatives are removed prior to an election, who will replace them? If a local treasurer is removed, it's the responsibility of the provincial representative to appoint a PROVISIONAL (not to be confused with PROVINCIAL) local treasurer to be responsible for such a local treasury until the next election.
If a provincial (statewide) representative is removed, it's the responsibility of the nationwide body of elected provincial representatives to appoint a provisional representative to coordinate local TEA treasuries of such a province (state) until the next election. What do you think?
FEDERAL RESERVE DOLLARS
Some interrelated questions were posed directly related to the kernel of the TEA operating system.
1) How are Federal Reserve dollars and other currencies converted to TEA dollars?
As a reminder, the TEA system neither pretends to be perfect nor permanent. No currency system has ever been either. The TEA system is simply a peaceful means to provide equal rights and equal responsibilities during the very critical transition period in which we live.
So, how do those with savings in Federal Reserve dollars, Euros, Yen, Swiss Franc, stocks, bonds, options, futures, LETS, HOURS or any other currency convert their paper to TEA dollars?
The answer is simple and points to the way for those wishing to invest in genuine prosperity rather than wasting more resources (time and energy) with casino finance "capitalism" or its partner-in-crime, the military-industrial complex.
To convert "conventional" savings to TEA dollars and its corresponding time-energy value, anyone can simply obtain renewable-energy (RE) capital (ie: from a simple photovoltaic system to stocks or bonds in RE-harnessing companies) and collect their share of energy dividends from their local TEA treasury as described in the distributed post, "THE TREASURY NETWORK":
http://egroups.com/group/Time-Energy-Accounting/message/187
If speculators want to bet on the potential of a particular technology or company, they may indulge in leveraged options and futures at their own risk - as usual.
Windpower and photovoltaics (PV) have been good investments for quite a while. Research, development and rapid commercialization in more efficient PV seems likely to be the next genuine bonanza (not another financial bubble).
After all, how much petroleum (and weapons) is required to mass-produce glass PV made of sand?
Since there's plenty of sand, sun and seawater on Earth, the most limiting factor is time - how quickly individuals and society respond to the obvious task at hand before political, economic, social and environmental conditions grow worse.
There's no real energy (or water) crisis, just a crisis of intelligent social behavior - caused mostly by obsolete institutions.
Another currency-conversion question posed:
2) Is it possible for a renewable energy producer (harvester) to hold energy savings beyond a month and then redeem their kWh for freshly issued TEA dollars at a later date (which have a higher value due to the 2% per month demurrage / counter-inflation rate). And what would be such consequences to the stability of the TEA system?
Since TEA dollars (like all expiring coupons and demurrage currencies) devalue over time (100% ver
four years or about 2% per month), there's little or no incentive for energy producers to withhold their energy rather than quickly selling/redeeming it for TEA dollars, precious metals, inflationary Federal Reserve dollars, Euros or other fiat-debt currencies.
Since the Sun provides a plentiful and predictable flow of energy, physically hoarding it is irrational and costly. Do so at your own risk!
Perhaps the folks at the World Bank Group, the Federal Reserve Corporation or MIT have already calculated new shenanigans for cornering the market on OUR time and OUR Sun...? If so, perhaps such "economists" need to be reminded that slavery and theft is both un-economical and unlawful.
More questions have been raised (and answered repeatedly, which is why those who want to fully understand the TEA system should stay tuned at
http://egroups.com/group/Time-Energy-Accounting
and download the simple spreadsheets, experiment with the numbers (eg: population, land area, net PV efficiency, other RE inputs) and ask questions.
Neither "left" nor "right", but real!
Jon Chance
 jpchance@egroups.com
http://egroups.com/group/jpchance - United States President.
http://treasurynet.org - Time + Energy = Wealth.
http://bfi.org/operating_manual.htm - R. Buckminster Fuller.
http://whatreallyhappened.com - CENSORED.
http://www.awea.org - Prosperity, Not War & Pollution.
 E-Mail: jpchance@egroups.com  Website: http://egroups.com/group/jpchance
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