hat could give people more peace of mind
in a free
economy than to know that economic disasters,
such as the
market crash of the great depression in America
(1929) or the
massive fraud now occurring (1997) in Albania,
could be
corrected by way of an Domain Economic Backup
and Restore. A
Domain is a nation in our present economic
system.
If at the end of every month, with careful national and international planning, a complete copy of every account of all financial and property systems in every domain is written to magnetic tape, then an economic backup would exist for each domain in the Planet.
It would then be possible, with short notice and under the rule of constitutional law, to restore an entire domain's economy to its desired situation before the economic disaster occurred. Such an Economic Restore is now feasible for the first time by the use of a synchronized and well programmed financial and property registries.
In a matter of a few hours of computer time, an entire domain's economy can be brought back to its original state, account by account, within all financial systems and property registries. The effect will feel like a miraculous time warp to the past, where everything was known to be in order.
Interdomain transactions can also be automatically reversed, if we assume that debit or credit cards have replaced currency in all Interdomain transactions. Every account will be able to be restored to its original state by reversing each transaction from the restoring domain to the accounts of the affected domain(s). This is an automatic process if a complete backup file exists of all such inter-domain transactions.
In the case of Albania, a form of Economic restart should be attempted, by entering into a computer data base all the receipts of the incautious investors and then performing a reversal of all financial operations which were undertaken with moneys from the Ponzy scheme, thereby breaking down the pyramid one level at a time.
Alternatively, a proof of everyone's economic situation at the beginning of 1997 could be required in order to load up the banking and property systems in correct sequence. A new currency can then be printed to restart the economy.
Still, the lesson of Albania is a warning to us all that such a situation can occur in any free market that has no centralized control. We must prepare for economic restores and give the people the knowledge that such restores are now possible, for the sake of their peace of mind.
Money is our servant, not our master. We
must never allow money to be used in a way
that is counter to Natural Life, or of the
interests of the People. Nature does not
select by means of money, nor should we build
a technological society that evolves only
for the sake of money.
Atlanta
February 11, 1997
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