A New Vision for Earth's Monetary System
Greetings citizens of Earth! I am honored to present a revolutionary framework for reshaping our planet’s economic landscape - the Earth Monetary Supply (EMS). As an architect passionately envisioning a brighter future, I have invested thousands of hours designing this innovative system from the ground up, integrating insights across ecology, technology, governance, and social psychology. In this article, I will walk you through its core pillars and how they symbiotically converge to seed a prosperous equilibrium for all Earth's residents and environments.
“The necessity of looking beyond the tangible, understanding the intangible, and valuing the invaluable is ever-presenting itself here in this paper and in our reality of awareness. Timing is important, but accuracy is final, and with this Earth Monetary System Design, in an unbiased decree, I pronounce this common sense to all of humanity. For we shall be free, and everywhere we shall have no chains once and for all and all for once."
"In this world, there will be trouble, but take heart; we have overcome the world."
"In Earth We Trust"
Jeno Joseph Giordano
References:
Jeno Joseph Giordano. (2023). Earth Monetary Supply (EMS) Synopsis (pv.1.0.0). Zenodo. https://doi.org/10.5281/zenodo.10421207
Jeno Joseph Giordano. (2023). The Earth Monetary Supply (EMS) Executive Summary (pv.1.0.0). Zenodo. https://doi.org/10.5281/zenodo.10421254
Jeno Joseph Giordano. (2023). Earth Monetary Supply (EMS) Aggregates (pv.1.0.0). Zenodo. https://doi.org/10.5281/zenodo.10421291
Jeno Joseph Giordano. (2023). Earth Monetary Supply (EMS) Conceptual Framework (pv.1.0.0). Zenodo. https://doi.org/10.5281/zenodo.10421281
Jeno Joseph Giordano. (2023). Earth Monetary Supply (EMS) Terms and Definitions (pv.1.0.0). Zenodo. https://doi.org/10.5281/zenodo.10421297
1. Rethinking Money, Value and Transactions
At EMS' foundation is an expansive reimagination of traditional monetary aggregates and financial markets that chiefly serve short-term gains for a few at the expense of long-term stability. Three primary levers realign economic activities with collective wellbeing - novel yet intuitive classification of value flows via ME0, ME1 and ME2 coupled to initiatives like the EarthDollar, EarthBank and EarthTax.
2. ME2: Quantifying Planetary Wealth
Think of ME2 as the apex sphere encapsulating Earth's worth across 10 vital domains. ME2 sets the backdrop for Earth’s valuation, guiding balanced resource flows.
2.1 ME2: Encompassing Earth’s Spheres of Value
ME2 represents the foundation of the Earth's Monetary Supply system; it encapsulates the intrinsic worth of the Earth's diverse natural and human-created spheres. This includes domains like the lithosphere, hydrosphere, biosphere, atmosphere, and anthroposphere, which include human-created infrastructure and knowledge systems, and even the valuation of all humanity and Earth’s offense, youth programs, and defensive capabilities.
Each sphere has an empirical EarthDollar valuation within ME2, quantifying its tangible and intangible economic contributions. Determining these sphere valuations involves holistic assessments by the earth’s valuation authorities, supporting centrally distributed cooperative governance.
ME2 operates as the central EarthBank (EB) of EMS, storing these vast valuations in secure non-circulating accounts. Only meticulously validated spheres receive representation in this apex vault.
A portion of ME2's reserves fund the operational budgets for ME1 economies via circulating EarthDollar transfers, obeying Earthtocracy oversight. This infusion then circulates to transact essential goods and services in alignment with earth audits.
Ideally, ME2 instills a profound respect for the diversity of wealth the earth offers if carefully stewarded. Its valuations guide policies balancing ecological health and Earth's economic progress for eons.
3. ME1: Managing Diverse Economies
ME1 oversees the Earth's real-time circular economic circulation, spanning public, private, and communal contributions across all geographies and sectors. This engine steers exchange within basic essential supply chains as an aligned guardrail for humanity's well-being.
3.1 ME1: Facilitating Essential Supply Chains
ME1 serves as the operational backbone across Earth's vertical and horizontal economies, mapped to all sectors, industries, vendors, and individuals. Its core function is to manage the circulation and reserves of EarthDollars to maintain supply chains delivering essential goods and services for human fulfillment.
Structured across Earth, continents, and city tiers, each ME1 economy incorporates specialized supply chains tuned to local needs. Non-circulating budgets from ME2 provide operational buffers while circulating EarthDollars activate transactional flows. Core basic necessity supply chains are run on a cost basis by EarthForce's active-duty personnel.
Additionally, ME1's unique Frontier Sectors allow innovation beyond the basics, catalyzed by the measured award of EarthDollar profits. Overall, ME1 strikes a dynamism that sustains economic vitality across geographies in balance with social and environmental wellness—the cornerstone of the EMS philosophy.
3.1.1 Frontier Sectors: Incubating Innovations for Shared Progress
Unique domains within each ME1 vertical economy, called Frontier Sectors, encourage pioneering innovations that enrich lifestyles beyond basic necessities. They operate on a cost-basis, where funding rewards measurable positive societal impacts rather than traditional transactional profits.
For instance, breakthrough research curing diseases accrues significant EarthDollar profits based on benefit valuations for humanity. These profits first materialize as EarthDollars in the innovators’ accounts, which signify value; these values are measured by the EMS as non-circulating ME0 EarthDollars that are not in active circulation.
Upon expenditure from the profit wallet, these EarthDollar profits convert into circulating EarthDollars within the frontier sectors' supply chains. As humans spend their profits back into the Frontier sectors, this propagates back within the frontier sectors, perpetuating innovations of affordability for society. Hence, goods and services purchased using frontier profits now propagate as transactions within frontier sectors.
Citizens also receive payouts for creativity-bettering communities, either held in their profit wallet accounts or deployed towards collective advancement. While taxed like other sectors, frontier profits ultimately circle back to fund future innovations targeting shared progress.
By formalizing and incentivizing experimental pathways intertwined with the public good, frontier sectors seed inspiration at the edge of abundance, catalyzing innovations that reflect collective hopes and dreams.
4. ME0: Incentivizing Social Value
Unlike traditional profit, ME0 specifically quantifies and rewards collective goodness generated by entities, redirecting creativity towards service. Initiatives uplifting community health, for instance, receive ME0 dividends.
4.1 ME0: Quantifying Societal Value Generation
ME0 represents a revolutionary innovation in quantifying and distributing profits; it measures the demonstrable positive impacts made by individuals or entities on collective well-being rather than purely financial gains. The ME0 aggregate registers sustainable contributions, improving standards of living, environmental conservation, transparency, culture, happiness, health, and upward mobility within communities to redirect incentives.
For example, as mentioned in Section 3.1.1, breakthrough research curing diseases accrues significant ME0 profits based on its projected benefit valuation. These profits convert into non-circulating EarthDollars that can only be invested back into the frontier sectors to amplify the upside for societies and environments by increasing access, affordability, and lasting change for non-essential goods and services. When these EarthDollars are spent, they are measured as circulating ED.
Individuals receive ME0 payouts for creativity, inventions, startups, and upgrades benefiting the shared commons. Vetting, verification, and checks prevent abuse. All vertical economies feature standalone frontier ME0 zones as domains of positive experimentation fueled by incentives still aligned to collective advancement.
In summary, ME0 forms the societal counterpart to traditional profit paradigms—formalizing value created for communities and calibrating it to tangible circulating financial proxies, allowing individuals to amplify impact. The future beckons all Earth’s citizens to its message inherent in shared thriving.
ME2, ME1, and ME0 thus form a cohesive data-driven economic feedback loop, continually aligning growth with sustainability.
5. Supporting Pillars
Now that the scaffolding is clear, supporting pillars become crucial:
5.1 EarthDollar and EarthBank
To transit value flows across ME2, ME1 and ME0 requires a frictionless medium of exchange - the EarthDollar - facilitating access for all. Managed by the EarthBank, it retains stable valuations avoiding market volatility that derails long-term plans.
5.2 EarthTax and EarthBudgets
Navigating complex resource allocation is simplified through universal EarthTax at point of transaction.
5.2.1 EarthTax: Ensuring Economic Equilibrium
EarthTax (ET) represents an elegant built-in mechanism for preventing the unchecked accumulation of EarthDollars within ME1 circular economies or ME0 frontier sectors, enabling self-regulation.
It functions by levying a basic 10% de minimis levy on all transactions automatically at point-of-sale. However customizable overrides for emergencies/crises scenarios are permitted.
The sole purpose of ET is to retract back into non-circulating ME2 sphere accounts all circulating EarthDollars that originated from them once sectoral resource allocation quotas are optimally utilized. This recycling replenishes ME2 to redistribute per audited need.
By contracting aggregate money supply and preventing involuntary hoarding, ET helps maintain output-currency equilibrium and holds inflation in check should mismatches arise between circulating volumes and population levels/economic productivity.
Accurate tracking of ET payments during EarthDollar retirement provides data to dynamically model optimal ME2 injection rates going forward that align with non-circulating budgetary buffers.
5.3 An Earth Constitution
Oversees the model's functioning through transparent Earthtocracy. Planetary concerns require collective wisdom - informed, empathetic and centrally distributed cooperative governance arises when all residents help guide change.
5.3.1 Earth Constitution: Enshrining Rights and Values
The Earth Constitution signifies a paradigm shift, transcending traditional structures that limit human potential through opaque ambiguities. This charter pioneers an interactive governance model that evolves responsively with societal priorities.
At its core lies a modular legal architecture with clearly defined articles, sections, and terms integrating advanced systems like EarthCode and EPICUS for streamlined administration. Along with an Earth Social Contract (ESC) to unshackle all humans from the chains binding them, no matter the leader, a social contract is embedded as the guardrail for humanity. Oversight procedures involving multi-stakeholder reviews enable collective course calibration.
Emerging challenges never envisioned before, from digital rights to environmental justice, find articulation within this adaptive framework that enshrines principles of sustainability, empathy, and shared prosperity.
5.3.2 Earthtocracy: Leadership for the People, by the People
Governing earth requires coordinated participation across geographies and generations. Earthtocracy represents a model by the people, for the people - it distributes governance vertically between earth, continent and city tiers as well as horizontally across legislative, executive and judicial realms.
Those elected to each tier and branch are empowered yet also accountable to popular assemblies representing community interests. Backed by initiatives enhancing civic participation, this vibrant Earthtocracy fosters judicious and balanced directives from local to earthwide.
6. In Summary
EMS's beauty is in its intuitive construction from first principles envisioning cooperation, empathy and dignity as core to how we orchestrate exchange. Uprooting antiquated economic diagrams, this blueprint aligns worlds both seen and unseen. Perhaps it offers a glimpse into futures where prosperity blooms in harmony with its environment through dynamic alignment and shared vigilance - the sweet fruit of communities choosing balance.
We welcome you to ponder on this scheme; debate its merits and contours while we labor collaboratively to upgrade systems that undergird civilization. With care, creativity and courage, the transformation ahead can unfold elegantly when undertaken in unison. The task now rests on your conscience, conviction, and common sense as earth's citizens. How shall we move forward?
In solidarity,
Share this post