Peoples Associations are NGO's
with charitable, service, participatory or empowering orientation.
Examples can be parties, social movements associations, workers
unions, etc. They may provide services or goods in addition of
They are similar to other solidarity businesses
and enterprises in which the main aim is to put into the parallel
economy a service or a good. These enterprises need to have a
positive or not negative result. For them, the kind of currency that
is better suited is a currency based on a contract to deliver the
product. An example could be a cooperative to grow vegetables.
special feature of Equalitarian Peoples
Associations when they provide services or create goods is that they
rely on donations in money, donations in goods and or voluntary work.
These wares are the commons.
The logic is that of a public service. Nevertheless, the boundaries
are not sharp.
By Equalitarian we mean that these associations
are voluntary and all members have the same rights and
obligations at their decision making process, the
discussion and voting process. It is the democratic civil
Equalitarian Peoples Associations members may
have different rights and obligations towards the organisation
activities and organisation benefits, like donations or voluntary
work, according to needs and capabilities. Obligations are
voluntarily accepted on a case by case basis as an individual
voluntary decision linked to a contract or at accepting a mandatory
collective decision involving the participation at an activity (i.e.
payment of the membership fee), the non acceptance implying loss of
membership. It is the public welfare rights.
small scale an example could be a charity association running a
charity kitchen functioning with regular or occasional donations
in money, donations in food and voluntary work.
At large scale could
be a local or national state, delivering welfare state benefits,
functioning with taxes and public servants.
Equalitarian Peoples Associations have
democratic statutes, or constitution, which is a statute
contract signed and committed by all members. Equalitarian
Peoples Associations statutes include a mission. The statute
defines the democratic processes and the bodies running them, and the
types of actions to achieve the goals of the mission and the bodies
in charge of executing them. The statute, and the mission, can be
changed following a democratic process according rules included in
the statute, and by a majority indicated in the statute.
Equalitarian Peoples Associations have a
periodic action plans implying periodic budgets. By
default, the period is a year. The action plans are social actions
for the benefit of the Equalitarian Peoples Association members and
other social targets specified in the mission. The action plan and
the budget are decided trough a democratic process as indicated in
the statute. The action plan and the budget are periodic contracts
that are ancillary annexes of the statute contract, and need to
be signed by a majority of the members, a majority specified in the
statutes. The management of the action plan may include further
democratic consultations during the period for the details or
adaptations of parts of the action plan.
The budged of an Equalitarian Peoples
Associations periodic action plan is expressed in incomes and
have these main budget lines:
Money issued out of the nothing by the members,
in their monetary sovereignty, for this period and lend to the
Equalitarian Peoples Association. Nowadays, this function of lending
money t the state is only reserved to the banks in the Fractional
Reserve Banking System. The function is democratised to let
anybody do it.
fees or taxes due by the members in this period and collected by the
Equalitarian Peoples Association.
from previous period.
have these main budget lines:
The cost of running the public bodies. It is
the cost of the democratic process.
Expenditures to deliver the social actions
indicated in the action plan and executed by the public service
bodies. Some of the expenditures may be investments. It is the cost
of the social benefits.
The cost of the basic income due and paid to
all Equalitarian Peoples Association members. We classify it as
different to a social benefit as it is only monetary machinery but
not real goods.
Money in the Peoples Bank that is returned to
pay the loans.
Mandatorily, at each periodic budget, the
incomes equal the expenditures within the period. There are
donations but no loans from the outside. Lending of any money at any
currency, including Commons Sovereigns, by the Equalitarian Peoples
Association governing body or any public service enterprise is
Exceptionally there may be savings from
one period passed to the next. No income can be included as a debt
for the next period.
Once issued and spend by the Equalitarian
Peoples Associations, the Commons Sovereigns will circulate in the
free market of Open Money, having an economic impact beyond the
actions foreseen in the periodic action plans.
This may impact notably the monetary mass of
Commons Sovereigns available inside the Equalitarian Peoples
Association community for the Periodic Budget circuit.
Equalitarian Peoples Associations have no
ambition to rule the free market economy around them, but discussing
a Periodic Economy Forecast beyond the Periodic Budget, the State
Budget, is necessary to the Monetary Policy chapter at the discussion
of the periodic action plan.
New members are admitted following rules
indicated in the statute and according a voting procedure amongst old
members as indicated in the statute contract. Once accepted as
member, the new member signs the current version of the contract
statute and all the rights and obligations for the members
included in them. He acquires the right to vote and obligation to
sign approved changes in the statute contract and the right to vote
and obligation to sign the periodic plan contracts.
The failure to participate in the democratic
decision process, that is, not exercising his/her rights to
participate in the decision process, including the voting, or not
accepting and not decisions taken by the majorities as specified in
the statute rules, may imply the member expulsion of the Equalitarian
Peoples Association. The precise conditions and procedures for
expulsion are specified in the statute. These rules are expressed as
points added or detracted to the member reputation.
The non fulfilment of his/her mandatory or
voluntarily acquired obligations towards the organisation activities
may also imply the member expulsion of the Equalitarian Peoples
Association. The precise rules are specified in the statute. The
rules are expressed as points added or detracted to the member
In case of dispute of a member, or several
members, with the Equalitarian Peoples Association governing bodies
with regards a decision process, or with the Public Service bodies
with respect his rights and obligations at the organisation
activities, an Ombudsman will organise a public court made out
of ordinary members of the Equalitarian Peoples Association,
following procedures included in the statute contract. The judgement
is mandatory to all parts.
Members may trade with each other or create
businesses, freely using the Equalitarian Peoples Association Commons
Sovereigns or any other currency.
Is the default member
Members can voluntarily join political Groups
that vote in the decision process jointly, after a separate internal
discussion and with their own majority rules, renouncing to their
individual votes. Groups cannot be created to do jointly a mandatory
action. Public Managers and Councilmembers have to abandon any Group
after being appointed.
A citizen may be voluntarily recruited part time
or full time as employee of a public body. It has several properties,
the public service body, the post, the category, the duration, the
working time, and the salary. Public servants are nowadays called
volunteers and may not be paid at all, or only provided with
subsistence means or payments.
Salaries of the employment posts at the public
service enterprises are proposed by the management and fixed with
their annual operational costs plan. Acceptance of public servant
employee contract with a given salary is voluntary.
It is a property of Public Servants. A citizen
may be appointed temporarily as public servant to a court. It has a
property, he/she is nominated as a court for a judgment contained in
It is a property of Public Servants. They have
powers over the Public body's accounts and to sign Public Servants
employment contracts and other service contracts with external
It is a property of Public Servants. They become
employees to the Equalitarian Peoples Association governing body
secretariat, a particular case of public body, after being
elected. They have powers over the Public Bank accounts, and to sign
action plans with the Public bodies. Councilmember's have a property
called post which implies the monitoring of a part of the action
It's a special senator's post.
Members reputation is a scoring system (for
example from 0 to 100) to accumulate points at participating in the
democratic life of the Equalitarian Peoples Associations, that is, to
fulfil its obligations. The failure results in detraction of points.
It's a measure of the trust behind the Equalitarian Peoples
Decision procedures defined in the statute, or
mandatory actions included in the actions plans, indicate the number
of points to be added or detracted to the reputation. They are
calculated to add to the top value (i.e.100). Points are added or
detracted automatically at executing the corresponding contract
There is an average admittance reputation
acquired at the member admission.
Reputation is public and appears in the members
The reputation score does not result in any
increase or decrease in the members rights or obligations. At
reaching 0 or less it results into automatic expulsion.
There are additional
reputations linked to particular services, like reputation as
Member's capacity is expressed in Common
Sovereigns paid as membership fee or regular donation or Equalitarian
Peoples Association taxes.
It is voluntarily chosen and declared by
every member before the discussion of the periodic action plan, so
that the income in membership fees is known. Once declared, it
becomes mandatory. Members can declare different capacity for each
The amount of capacity does not result in
reputation points. Equalitarian Peoples Association may choose social
network platforms to express this kind subjective social reputation.
However, once the capacity is committed, the payment results in
Members can create any kind of private
corporations. They may use any kind of currency they want. Strongly
suggested is to use a currency consisting of a contract with the
bearer to deliver the goods produced by the corporation, a currency
that is a merchandise bond. If they want to use ethereum they can
work as Decentralised Autonomous Organisations, and issue a currency
with an amount representing the total of the goods to be placed in
the market. They may also use Common Sovereigns, if they want to do
so, as their trade currency.
Equalitarian Peoples Associations have governing
bodies or Councils with part time or full time
Councilmember's elected democratically amongst the members
every period to manage the action plan. Each Councilmember is elected
for a particular post. The posts of the governing bodies are broadly
defined in the statutes and further specified for each action plan.
Councilmember's may different voting weights according to the post,
as broadly indicated in the statutes and further specified for each
action plan. At every period a majority of the members sign an
appointment contract with the elected Councilmember's giving
them the necessary powers to manage the action plan contract.
Payments related to the budget require the signature of
Councilmember's with a majority broadly defined in the statutes and
further specified for each action plan, for each budget line.
No member can be elected as Councilmember more
than one consecutive period.
At small size Equalitarian Peoples Associations
there is usually no need of a permanent assembly like a parliament.
The periodic plan can be discussed at a yearly assembly, real or
virtual. Changes in the rules of the statute can be equality
discussed at assembly, real or virtual.
Equalitarian Peoples Associations may decide to
have public service enterprises to execute parts of the action
plan. They function as autonomous public, social, enterprises.
They are public service bodies, which are
publicly funded, and are at the same time social enterprises, that
have the capacity to trade. They need to manage the resources
efficiently, like companies. They follow usual accounting rules. If
they sell the services for a subsidized price, anyhow they need to
succeed in the market.
All assets belongings of a public service
enterprise are belongings of the Equalitarian Peoples Association
The establishment of a public service enterprise
is part of a periodic plan, and by default inherited by the next
periodic plan, so that public service enterprises have some
stability. Public service enterprises may be dissolved at another
Every period, the public service enterprise
signs a contract with the governing bodies to do some of the
works of the action plan. Public service enterprises are paid out of
the budget line allocated to these works. The default payment mode is
advance payments and reckoning with real costs after acceptance.
The expenses of the public service enterprises
are divided into projects, operational costs and
At the beginning of each period, all public
service enterprises prepare and submit a periodic plan made out of
projects and operational costs. These plans need to be approved by
the governing bodies and are part of the contract.
To do the works, at projects or operational
costs, public service enterprises may contract services or
goods to members or to any other party. These contracts follow a good
administrative practice public tender procedure. Every project
implies a contract with the provider. The contract payment is
expressed in Commons Sovereigns and can only be paid in Commons
To do the works indicated as operational costs,
public service enterprises may have part time or full time public
employees to do the necessary jobs. Public employees, including
the management, are recruited and contracted voluntarily
amongst and only amongst the members. The governing bodies of the
Equalitarian Peoples Association are in charge of the selection and
appointment of the public employees. By delegation, the public
service body's managers may do recruitment of non management
employees. The employment contract payment, the salary, is expressed
in Commons Sovereigns and can only be paid in Commons Sovereigns.
Employment at public bodies, including management posts, may last
more than one period. The contract for a management post is never
less than one period.
Public service enterprises may invest into
infrastructures, like office equipment or cooking machines.
The management of the public service enterprises
has the powers to sign payments according rules set out at
establishing the body. Every payment has to correspond to a contract
for the delivery of a good, a service, be it a project or an
operational cost, or an employment contract.
The acceptance of the works of the public
service enterprises is decided trough a democratic process of all
members as indicated in the statute, prior to the process of deciding
the next action plan. Some rules of this audit could be something
The people's rejection of the works implies the
automatic resignation of all the management of the public service
enterprise and the disqualification to occupy any such post for the
next three periods. No further liability is required.
The public acceptance of works may be prepared
evaluations contracted to independent experts, publicly appointed.
acceptance of the works implies an audit
the accounts. If the audit detects a misuse of the resources of the
public service body, according the principles of economy and
efficiency, whether the works are accepted or not, it results in
sending off as members of the Equalitarian Peoples Association of
the management of the public service body, and they cannot be
readmitted for the next three periods. No further liability is
required unless the misuse has implied personal enrichment. In that
case the governing bodies may claim damages to the general civil
The incomes of the public service enterprises
are the funding received from the Equalitarian Peoples Association
governing body and the incomes resulting from the selling of the
These enterprises need to have a positive or not
negative result. No lending is allowed by any other body of the
Equalitarian Peoples Association, ant member, any external
institution or person.
A special Public Service Enterprise is the
Donations service paying the Basic Income and collecting the
donations or taxes.
small scale an example of a public enterprise could be the kitchen
itself of a charity kitchen association; another public enterprise
the team collecting the food donations.
At large scale it
could be the public schools of a district under one management.
Sovereigns is a type of currencies
designed for Equalitarian Peoples
The name of Commons Sovereigns is to
express that it is a currency to manage the people's commons with
The purpose of Commons Sovereigns is:
The ultimate aim is to reinforce a parallel
economy to the debt money economy, around the solidarity activities
of the Equalitarian Peoples Associations, by creating a net
differential to pump systematically transferring wealth from the debt
money economy. This would reinforce in general the parallel
solidarity Economy including other solidarity businesses and
Commons Sovereigns design is tightly linked to
the Equalitarian Peoples Associations structure, decision process,
and functioning. Commons Sovereigns concept is the currency to
denominate the transactions to the contracts regulating the
relations between the Equalitarian Peoples Association members,
governing bodies and public service bodies. In the real world it may
have thousands of variants.
The above mentioned contracts are supposed to
inspire their implementation as Smart Contracts in Ethereum.
Each member has two accounts, the current
account and the loans account.
The current account
There are two types of transactions between
these types of accounts, transfer of funds and loans.
Transactions have to be always between accounts of different members.
A member cannot make any operation between his or her current
account and the loans account.
The unit of account is Commons Sovereigns
at both types of accounts.
If the current account has sufficient
funds not to become negative after the transaction, a member can
transfer any quantity from his or her current account to
another member current account. The receiver can be also any
organisation account. It detracts the amount of the transfer
from the sender and adds the amount to the receiver. It only requires
the signature of the sender. The receiver can reject the transfer
Any member can transfer out of the nothing any
quantity from his or her loans account to another member
It detracts the amount of the transaction from
the sender and adds the amount to the receiver. The receiver can be
also any organisation account. It requires two signatures, the
signature of the sender and the receiver of the loan accepting the
Lending abuse may result in inflationary
effects. Equalitarian Peoples Associations may want to regulate this
activity and set some rules. If the Equalitarian Peoples Associations
wants to have some control of these operations using these rules, the
contract may require a third signature, that of a control body.
The transaction itself is a lending smart
contract signed by all parties that includes the automatic
payback to the loans account of the lender, at the agreed timing and
the agreed conditions.
A variant may include an interest, that is, the
payback of the principal to the loans account of the lender and an
interest to the current account.
As this is how banks operate now in the
Fractional Reserve Banking system, all Equalitarian Peoples
Associations people become banks for Peer to Peer lending and
thus creating money. If the Equalitarian Peoples Association misses
the old banking system, it may authorise the creation of DAO
corporations that also have a loans accounts and can give loans out
of the nothing.
Public service enterprises have no loans
account, and therefore cannot lend money.
The monetary consequence, as it happens at all
P2P monetary systems like time-banks, is that there is no fixed
monetary mass. The monetary mass grows with the lending and
decreases with the payments back. In one word it grows with the
intensity of the trust based transactions between peers. Interest
payment does not change the total monetary mass, but sucks and
detracts money available for transactions of goods.
Other B2C oriented monetary systems, like
currencies that consist in a contractual promise of a good (commodity
based), need to have a fixed monetary mass. Bitcoin is a special
case. It has a fixed monetary mass like B2C systems, but floats in
Bank and other public accounts
The periodic budget of the Equalitarian Peoples
Associations is executed in Commons Sovereigns.
It is an atounomous body controlled by the
Council in charge of the monetary policy of the Equalitarian
Peoples Associations. Its role is to control the overall monetary
mass used by the Equalitarian Peoples Association.
It does create all the sovereigns existing in the system.
can be created like this:
The Peoples Bank is authorised to generate as
many sovereigns as it considers necessary.
Peoples Bank is not allowed to transfer any sovereigns to anybody
except to the members loans accounts, not even the Council Account.
It is only allowed to transfer to the loans accounts of the members
of the Equalitarian Peoples Association a one off transfer equal to
the members reputation
as moneylender. It is entitled to detract from the members loan
account a quantity of sovereigns equal to the decrease of reputation
of the member as moneylender, and to transfer to the loans accounts
any increase of the reputation of the member as moneylender. Thus
allowing to lend more money.
The Council account is the account of the
Council and manages all incomes and expenditures of the periodic
budget. All entries are visible by all Equalitarian Peoples
Association members. Payments need to be voted by council members
according rules set out in the statute. Payments can only go to
Public Service Enterprises.
Service Enterprises accounts
Each public body is an autonomous organisation
that has its own account in Commons Sovereigns. All entries are
visible by all Equalitarian Peoples Association members. Payments
need to be voted by their Public Managers according rules set out in
Anybody, except Equalitarian Peoples Association
governing bodies or public service bodies, may establish free market
exchange services of Commons Sovereigns with debt fiat money,
any other Open Money currency and any other crypto currency. Exchange
services are freely available to any business of person selling
services or goods to the public service enterprises of the
Equalitarian Peoples Associations or trading with the members or
anybody accepting Commons Sovereigns.
The governing bodies and the public service
enterprises of the Equalitarian Peoples Associations cannot establish
an exchange service or change themselves. Members may establish
As the public service enterprises get their
budget paid in Commons Sovereigns, goods or services that need to be
paid in debt money by the public service enterprises imply that
somebody, member or not, accepts to be paid in Commons Sovereigns on
a voluntary basis, and then if need be exchange it to debt money.
may exchange debt money for Commons Sovereigns to pay their
Membership fees or to obtain services or goods offered in Common
Sovereigns. Members may establish exchange services.
Exchange rates are free market rates resulting
from supply and demand. Governing and public services bodies are not
authorised to exchange and have no say, through ruling, in the
exchange rates of the Commons Sovereigns.
By Equalitarian Economy we mean the part of the
economy moved by the Equalitarian Peoples Associations. It does not
pretend to become all the economy, which is largely assumed to be
free market economy. It is an economy meant to distribute wealth for
the healthier to the poor and generate value in the process. We speak
about an amplification of the altruist actions.
The Commons Sovereigns currency is the
legal tender currency of the Equalitarian Peoples Association:
All issuing of Commons Sovereigns
currency lies on the member's sovereignty to give their governing
body a monetary instrument. The members of the Equalitarian Peoples
Associations set each year the equal amount of Commons Sovereigns
to be issued by all members.
All contracts signed by the Equalitarian
Peoples Associations governing bodies can only be signed as
contracts with Equalitarian Peoples Association public service
enterprises, and payments can only be done in their Commons
Public service enterprises may contract with
anybody, but can only pay in Commons Sovereigns. This includes
public servants salaries.
Amongst the obligations of the members of the
Equalitarian Peoples Associations is the obligation to pay every
period a personally fixed amount of membership donations or fees
in Commons Sovereigns. Membership fees have to be paid in Commons
Other money donations have to be converted into
Commons Sovereigns. There may be donations to the Public Bank or to
a specific Public Service. This fosters the competition of public
services to get free donations.
All members of the Equalitarian Peoples
Associations are paid a basic income. The basic income is paid in
graphic shows how Commons Sovereigns, used at the public services as
Legal Tender Currency, circulates as a complementary monetary tool of
the free market as well, exactly as Legal Tender Currencies are doing
now. The difference is that there is not anymore monopoly.
In this circuit, the issuing of new money by the
people each period and its return and destruction is used to fine
tune the total amount of monetary mass. It avoids the new creation
each period of the volume of donations that will be returned anyhow
in form of Basic Income, and reuses this volume form one cycle to the
An equivalent circuit, more simple and easier to
understand, is a circuit in which all members issue at the beginning
of the period all the money they will must pay as donations or taxes.
In the end everybody pays the taxes with their positive balance of
their account, fruit of their trade or labour, and cancels the credit
given to the Public Bank of the Governing Body.
Fees and Basic Income
Membership Fees or taxes and Basic Income
balance represents the pump to inject value from the debt money
banking system to the solidarity economy and distributing this wealth
to the poorest.
Membership fees are paid according a time
schedule specified in the statutes and periodic action plan. Each
member pays the voluntarily agreed capacity. Membership fees are
collected in Commons Sovereigns. Experience shows that capacity
follows an exponential curve.
The basic income may be defined as an
unconditional equal basic income, or a variable according the
depending persons of the member, like children or elderly, or to the
contribution to the family works, like man and woman. The choice is
optional to each Equalitarian Peoples Association. For modelling
purposes, we assume it is an unconditional equal basic income.
Basic income is paid in Commons Sovereigns.
At the poorest, may be precarious or unemployed
in the debt money world, the net balance of taxes to be paid and
basic income is positive in Commons Sovereigns. They may be employed
as public servants in the Equalitarian Peoples Association, in which
case they have an additional income in form of a salary in Commons
Sovereigns, or maybe not. They may spend their Commons Sovereigns by
paying services provided by the public service enterprises (i.e.
charity kitchen). But they may also obtain good value for the
money by exchanging their money with high capacity members needing to
pay tax in Commons Sovereigns for debt money paying debt money
economy goods and services. High capacity members that have not
collected enough Commons Sovereigns through the internal trade may
pay good EUROS or USD to the poorest to obtain the Commons Sovereigns
needed to pay their fees. They may also exchange their Commons
Sovereigns in other Open Money currencies that can be used for
products or services in the solidarity economy.
In summary, the Basic income is a net transfer
and redistribution of wealth in form of public Equalitarian Peoples
Association services or other goods that can be bought with debt
money or other Open Money currencies.
At every periodic action plan there will be a
statistical adjustment of Basic Income to expected membership fees.
A typical statistic scenario will transfer
wealth form the 25% healthiest members with higher capacity to the
Volunteers working part time at NGO, sharing
their activities with a job in the debt money economy to get their
subsistence, are not paid nowadays. They work in a fully altruistic
way, not expecting to get any benefit other than moral satisfaction.
Only full time NGO volunteers are paid a salary
in debt money to allow them to survive. Typical is the case of
volunteers on mission on third world countries. A different case is
the NGO bureaucrats working in the offices, normally a small
percentage of all volunteers.
The vast majority of volunteers in the NGOs are
paid nothing. We need to monetize this donation of work to move the
wheel of the solidarity economy.
assume that we start from this altruist spirit. We will assume that
volunteers, the public servants of the Equalitarian Peoples
Association, are paid just for symbolic purpose. For convenience of
exposition we assume that public servants on a basic post are paid 1
Common Sovereign for 1 hour of work. It does fit very well with the
currency used in Time Banks, the HOUR.
If we measure the prices of all goods and
services in terms of their equivalent value of labour, a public
servant being paid in Common Sovereigns will only expect to be able
to buy, for his HOUR of work in the Equalitarian Peoples Association
public service, no time of commercial services in the debt money
However as other members of the Equalitarian
Peoples Association start to offer their services in the free market
for the Common Sovereigns they need to pay their fees, one HOUR paid
to volunteers in Common Sovereigns starts to have a value in the
internal market. A volunteer mother may use Common Sovereigns to pay
somebody to baby sit her kids while she cooks in the charity
kitchen. It means that a small egoist advantage is already
introduced with respect the current situation in which they get paid
We call the ratio of the marketable value of the
Common Sovereigns salaries the egoist ratio. This egoist ratio
will determine the exchange rate of the Common Sovereigns in the
pay and exchange rate
The exchange rate of one Common Sovereign will
fluctuate initially around the price of one hour of work in the debt
money economy times the egoist ratio.
Nevertheless, internal trade made with other
people using Common Sovereigns will soon use the same time of work
equivalence. In the internal market, if the public service enterprise
pays 1 CS per working hour, time banks will soon tend to pay 1 CS for
This provides a tremendous incentive to buy
internal, speeding up the growth of an internal market of goods and
services in Common Sovereigns.
The small egoism of the former volunteers, now
public servants, is the most powerful engine for the growth of the
This growth is not in contradiction with the
aims of a sustainable, not GDP growing economy. It's a growth based
on conquering new economic areas. Once conquered, they should be
designed in a way more resource efficient, resilient, recycling and
sustainable. The GDP of each of the conquered areas should decrease.
In the long run, if the new economy is to take
over the Fractional Reserve Banking money economy, this low egoist
ratio cannot be given for granted for the public servants. In the
long run, full time public servants should be able to earn for a
living. The egoist ratio should grow to 100%.
The tendency over the years is that the exchange
rate of 1 CS equals the price of a working hour in all external
currencies. It only means that all currencies exchanges turn out to
pay the same amount of working hours in all currencies.
A low egoistic ratio at the start will be also a
strong incentive to external players to import goods and services
from people or enterprises working in CS. For the price of a working
hour in the debt money economy you can buy the reverse of the egoist
ratio number of working hours in the Equalitarian Peoples Association
His is an additional thrust for the growth of
the Equalitarian Peoples Associations economies over the debt money
economy until they reach an equalitarian equilibrium between them.
cycle of the Commons Sovereigns
Commons Sovereigns are issued at the beginning
of each functioning period (normally a year) and extinguish after a
given time after the end of the each functioning period. The
extinction time, the time after the end of the functioning
period until extinction is decided at setting the appropriate Commons
Sovereigns monetary mass.
for the annual plan public budget
Once the members of the People's Organisation
have decided the budget required for the operation of the People's
Organisation on the next functioning period, every member of the
People's Organisation issues his/her aliquot part of this global
The issue consists in an equal loan of every
member, independent of their wealth, to the Governing Body, and
deposited at the Peoples bank current account. The loan is a loan to
finance the annual action plan. The elected Governing Body signs the
loan contract with each member or citizen.
The amount to be issued each period equals in
principle the amount of funding required by the Public Social
Additional quantities may be required to adjust
the overall monetary mass to a larger quantity. If the monetary mass
is to be reduced, the amount to be issued is less than the funding
required by the Public Social Enterprises. They have to obtain their
As we have seen, P2P loans increase the total
monetary mass of Common Sovereigns. The monetary policy may decide to
go for inflation and make the lending regulations more flexible or go
for deflation and make the lending regulations stricter.
public Commons Sovereigns
loans must be paid. They will be
automatically executed by the Smart Contract.
It means that the loans made to the Peoples Bank
will be absorbed in chain from any available amount at the Peoples
Bank and any of its possessions, like the Public Service accounts.
Usually the Donations Public Service pays during the cycle the basic
income and collects, may be monthly, the donations. Donations
or fees are supposed to have an excess over the total Basic Income
quantity, which is returned to the Peoples Bank to pay back the loan.
The net effect to be obtained is to give access
to the less wealthy, the net beneficiaries of the Equalitarian
Peoples Association, to goods and services worth much more than the
value of the donations. The mechanism is to create an internal market
in Common Sovereigns currency that is bigger than the public
Net beneficiaries of the Basic Income, with no
stable working contract in the external world, have access to goods
and services for the amount of their net basic income after taxes.
They may offer also their services in the internal market and get
extra incomes in Commons Sovereigns.
The public servants low egoist ratio ensures a
devaluation of the Common Sovereigns with respect external money. It
translates that the donations made by the richest with a low effort
in external money like USD or EUROS, translates in a multiplied
purchasing power at the internal economy.
the goods or services delivered by the Public Service Enterprises
have subsidised prices cheaper than the market prices at the
internal economy. It means that goods of public priority are even
Inspirations behind the ideas above
DESPERADOS ALTERNATIVE ECONOMY
Moneda para cada Bien: SISTEMA MONETARIO PARA LA ECONOM? SOLIDARIA
People's Republic of DOUG stuff... Andreas Olofsson