No physical money note has any intrinsic value in and of itself, fiat currency cannot be converted or redeemed. It is intrinsically valueless and used by government decree, for this reason cash can easily become worthless.

True Medium of Exchange Barter Notes

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Written by Abdun Nur

Legal Tender

Cash is “money” in the physical form of currency, such as fiat banknotes and coins that can be physically accessed immediately and used without the need of Internet or telecommunications, allowing transactions to be made anywhere and without a third party being involved.

Steven T. Byington quote: No legal tender law is ever needed to make men...

According to the Federal Reserve, there was $5.4 trillion in the MO (“monetary base”) supply 2022.  This accounts for 4% of all forms of money, existing physically in the form of cash (banknotes and coins). The USD accounts for $2.1 trillion (38.9%) of the cash and represents only 4.25% of the global population. The UK for example has £71 in physical cash in circulation for each of the 66 million in its population.

It’s claimed only eight million adults in the UK (17 per cent of the population) rely on cash to make payments every day, and only 14 percent of the nation always carry cash.

No physical money note has any intrinsic value in and of itself, fiat currency cannot be converted or redeemed. It is intrinsically valueless and used by government decree, for this reason cash can easily become worthless.

All fiats are always in danger of hyperinflation, an extreme example of this was Post-World War II Hungary which hold the record for the most extreme monthly inflation rate ever – 41.9 quadrillion percent (4.19 × 1016%; 41,900,000,000,000,000%) for July 1946, amounting to prices doubling every 15.3 hours.

Hyperinflation is most easily observed through the price of food, which is always the first most noticeable increase during hyperinflation. The effects of hyperinflation can be devastating. The prices of consumer goods rise too fast for wages to keep up, leaving consumers unable to pay for basic necessities, and savings that may have taken a life time of effort to earn are quickly devalued progressively.

Legal tender is a form of money that courts of law are required to recognise as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered in payment of a debt extinguishes the debt. This is why, for example, you cannot pay a debt with Canadian dollars in Germany, each fiefdom has imposed its own monopoly.

To use a foreign fiat to the jurisdiction of the fiefdom you’re within you need to exchange it into that fiefdoms fiat which cost, on average around 1% of the value.

Bills of exchange, bank drafts, postal orders, and cheques are examples of non-legal tender money. These types of money are usually accepted but legally there is no obligation to accept them, this contradicts the claim legal tender is anything that extinguishes a debt.

Federal Reserve notes and coins are recognised legal tender in the U.S. Laws ensure nothing other than official legal tender gains enough traction to be used as money in the economy. Notably, checks and credit cards aren’t legal tender.

The claimed logic is because currency and checking deposits are their owner’s assets, whereas a check or a credit/debit card is not a part of its owner’s assets. This is the reason the rich do not pay taxes, they hold their wealth as a debt, converting any monetary assets into non-monetary assets like property, plant, and equipment; and liabilities for rent collected in advance, that can be further leveraged for more debt, which can be invested in developing corporations to generate stocks to sell to leverage debt. This means when money devalues and you have savings in the bank they slowly devalue, halving in value, on average every decade, while if you are rich and hold debt, when money devalues you pay half as much in real value every decade to return that debt (on real assets which are non-inflationary), as for the interest on the debt, effectively because the rich get special interest rates, the interest is less than the inflationary gain.

The term ‘money’ refers to banknotes and coins as legal tender.

Planned Global Cryptocurrency Monopoly

Speculative cryptocurrencies are inherently dangerous, as they’re, just as the banking monopoly monetary system, an empty perceptual proposition, the difference between the cryptocurrency empty proposition and the fiat empty proposition is in who made the proposition. The idea of these cryptocurrencies is simple, they create a token, you buy it from them, and sell it forward at a future point, hoping the perceived value increases. The one/s holding the monopoly of coin creation gains wealth for nothing, and you as the buyer risk loss. Added to this risk is storage of the cryptocurrencies.

In 2022 FTX the third-largest cryptocurrency exchange and FTX.US crashed due to mismanagement fraud, the value of FTT plummeted, taking other coins down with it including Ethereum and Bitcoin, which reached a two-year low as of Nov. 9.

FTX, was valued at $32bn in 2021, and the fraudsters filed for bankruptcy protection on 11 November 2022. It has been estimated that $8bn of customer’s funds was missing.

In one week of the fall of FTX the New York Federal Reserve Bank announced testing of a digital dollar with major banks.

The great reset is planned around a global ‘Central Bank Digital Currency’ and they are planning to use the FTX scandal as an excuse to start regulating all digital currencies, ideally from their point of view banning them, to establish theirs as a monopoly. Link: New York Federal Reserve Bank Announces Test of Digital Dollar with Major Banks 

In October 2022 Nigeria, with a population of over 219 million and Africa’s largest economy, established, through a central bank digital currency (CBDC), the eNaira, quickly generating a financial crisis.

The CBN urged the public to deposit their old notes at the various banks throughout the country before Jan. 31, after which they would no longer be considered legal tender. Pandemonium erupted, with businesses rejecting the old notes to avoid having them in possession when they are eventually declared invalid.

People sued the government and the Supreme Court ordered that the deadline be suspended and the old notes allowed to remain as legal tender. Nonetheless, the Federal Government refused to obeyed the order of their court.

Some notes were allowed to exist within the new digital cryptocurrency system, and were redesign to circulate as a transitional cushion to the complete adoption of digital banking, the central bank released only 500 billion naira into circulation as paper notes, as opposed to the required 3 trillion nara needed for the economy to function.

The central bank restricted cash withdrawal to a weekly limit of 100,000 naira (around $270) for individuals and 500,000 naira for corporate organisations. This limited the amount of new notes has led to a disturbing scarcity and a subsequent cash crunch.

The software running the nations cryptocurrency has struggled to cope with digital commerce, resulting in widespread failed transactions, in addition the shift towards digital payments has put a strain on mobile banking apps repeatedly and consistently crashing the networks.

So outraged by the banking fraud of cryptocurrency some have resorted to destroying banking facilities.

New Zealand Disaster

In February 2023 New Zealanders were left unable to pay for vital goods, such as food and water, for days after cash machines and payment systems were knocked out by Cyclone Gabrielle.

“What it is showing is the importance of physical cash still in society today,” Reserve Bank Assistant Governor Karen Silk said.

Many towns in New Zealand are now without bank branches, which have been replaced with cash machines that rely on electricity and the Internet to operate. Link: Cyclone-hit New Zealand exposes the risks of a cashless society

“True Medium of Exchange Barter Notes” – with Full Physical Intrinsic Value that are Not Legal Tender

If you consider the rest of the global population, excluding the FED cash bubble, then presently 3.3 trillion in USD equivalent value exists in circulation, then each individual could hold $423 in cash equivalent. That’s 17 ounces of silver (March 2023).

Annually 26,000 metric tons of silver is mined. 1 ton = 32150.7 oz = 835,918,200 oz

To replace all cash with barter notes at $423 each would be 132,600,000,000 oz which would take 158 years to mine at present production levels. The existing mines have a remaining total of 560,000 tons (18,004,392,000 oz) left to mine, and only 45% of the earth surface has been explored. There is estimated to be roughly 7.5 trillion kg of silver throughout the earth’s crust. To date, some 1.4 billion kg of silver has been mined throughout human history.

It’s claimed Nigeria need $1,350,000,000 in cash to function with a population of 219 million = $6.17 in cash per individual. If we take a global average of cash needed per individual at $50, to compliment the TME cryptocurrency, 2 oz of silver each = 15,600,000,000 oz would take 18.5 years to mine. However 3 billion or so ounces of silver exist in global circulation as bullion and coin trade. It’s likely people in reality function on quite low levels of physical cash.

The making of a physical note that contains full intrinsic value, that anyone could manufacture locally (through the creation of a need bond once the platforms are coded), by using their own, or a groups resources. Notes created locally would remain local in circulation, as if you remove the five forms of usury, there is no cash drain of corporation.

The notes need only follow the same basic rules and they would be universally interchangeable:

Size – the USD has a 155mm X 65mm note size, the size of a GBP £20 is 139mm x 73mm for example.

Weight – determines the specified amount of pure metal contained within the note.

Purity – of the metal of the note must be the same.

Each note holds full intrinsic value, it needs no proposition of perceived value to be accepted, it’s value is set through barter, not through speculation, it cannot be traded for fiat, because that would not be trade, trade means a reciprocal exchange, fiat has no intrinsic value so cannot be exchanged as an equivalent trade directly.

The concept of a crude medium of exchange barter note mechanism is simple, you take a set weight of 99.999% pure silver, weaved into a fine mesh, apply printed colours, each note having an identifiable colour universally with text and possibly a holographic image onto the mesh, then encapsulating the mesh within a thin flexible transparent plastic coating.

When trading the CME (Crude Medium of Exchange) barter mechanism notes, indirectly, for any fiat, the fiat value of a note is determined against all fiats, as presently fiats and other forms of propositional frauds are used as the monopoly medium of exchange. The spot price of silver is determined in USD and an added amount for production cost, then the value of all other fiat and propositional mediums is determined from its USD value. See “The Trading Platform” article to understand how fiat is traded indirectly

The TME advancing cryptocurrency system values fiat differently, fiat is determined by taking all the consumable commodities on the commodities market, combining their fiat selling price and dividing that by a fixed number to determine the true value of fiat in purchasing power. Therefore when a CME barter mechanism note is deposited into a cryptocurrency account, its fiat value is taken and converted to the fiat purchasing power value. In other words, it is not a representation of 1 TME or 10 or 5, it’s value on the platform is determined by its trading value.

When a barter note is traded for TME value, ‘the advance is generated’, the collective bondsmen of the need bond utilising the entire ATM and note structure stand guarantor, while the external guarantor is the physical note, which would be resold to recover the advance.

When the note is taken out of the ATM, at a future point, that advance is returned and cancelled, during the trade. This means when you take a note from an ATM, it value is already set at the point it was deposited, not at the point you draw it out, for example, if you deposit a note and it is worth 2.5 TME, and over the next few days, while the note sits in the ATM, the silver price shoots up, that note remains 2.5 TME in trade when someone else take it out at any future point. This means if you took out 10 notes of the same weight, their trade value could vary slightly between the notes.

With this mechanism, if the internet was not working, anyone within the bond could continue to withdraw CME notes from any ATM, but could no longer deposit notes into the ATM, unless they were willing to accept the trading value set at the point the internet failed.

This means it’s the weight of silver the note displays, not a set value, for example if a note is a 7th of 1 ounce of silver that would be displayed. A troy ounce is equivalent to 480 grains, so on a 7th of an ounce barter note it would display “68 grains of 99.999% pure silver (7th oz)”.

You could make barter notes of any grain amount, however for ease of calculating fiat value indirect exchange, whole number divisions of one ounce would be simplest.

The images on the notes should be generically none offensive (as the use of individuals, religious symbols, even certain animals, may cause some offence in a world that has abandoned reason). For example, a fractal pattern image, and two languages should be printed on the reverse. The most spoken language, with 1.5 billion people worldwide speaking it, is (UK) English, this is then the primary language, and any local language can be its companion.

Because it contains a set weight of pure silver, the note has universal value, intrinsic value (intrinsic means something perceptible, naturally belonging physically or practically as an integral essential element), it should say clearly that it’s “A Crude Medium Of Exchange Barter Mechanism”

Different patterns of weaving, hole sizing and wire diameters create different weights of silver mesh.

Plain weave 100 micron silver mesh weighs 500g (½kg) per square meter, if you wanted a heavier mesh, you could use five heddle Weave, or increase the wire diameter, you could go heavier still with Dutch Twill weave.

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Tiny amounts of pure gold used to overlay the silver mesh eg.

For more valuable notes other metals could be added as decorations, for example a tiny amount of pure gold, platinum, or palladium.

When bringing things into a country you can carry $10,000/£10,000 of silver or gold etc. without declaring it. If you are travelling with more than $10,000/£10,000 worth of gold or silver, you will need to fill in a declaration form. This is the same for cash, any amount exceeding $10,000/£10,000 must be declared upon arrival.

If you make a mesh size plain weave, at 100 micron, 155mm x 65mm, it equals a 7th of an ounce of pure silver, the present value of 1 ounce of pure silver March 2023 is approx. $22, so each note of this weight would be worth about $3.70 with manufacturing costs add.

Working out the manufacturing cost would be the same for all notes, and the cost would be that amount in the cryptocurrency TME suspended trades, which has a fixed value in purchasing power. It presently costs about 14 cents USD to make the average fiat bank note, the cost of a CME barter mechanism note would be a lot greater, as the cost of weaving the mesh, printing and adding of the holographic image, and the cost of encapsulating with plastic would be greater than fiat note manufacture.

Let us for example guess it would be four times the cost, about 56 cents USD. The fixed cost would be in TME, not in fiat, so if when the production cost was determined it amounted to 56 cents, and the value in purchasing power of 56 cents was 0.4 TME let’s say, then that would be a fixed amount added as the production cost, when fiat devalues, the value in purchasing power in exchange for a TME coin would then determine the fiat amount added, but the real value of the fiat in purchasing power would remain constant.

Testing for Purity to Prevent Counterfeiting

Pure metals will tend to provide the best conductivity. In most metals, the existence of impurities restricts the flow of electrons, compared to pure metals.

Whenever a CME barter object is deposited into the automatic teller machine, each sheet is tested for conductivity to determine if it is pure silver, gold, platinum, palladium, etc. depending on the value of the sheet, the weight and size of the sheet is determined, this establishes each sheet is genuine.

The cost of the ATM machines, and the maintenance, and eventual replacement would be initially established as a local need bond, as it is paid for by local people, for the advantage of local people, if a governmental Mafia attempted to steal the ATM, it would be up to local people to prevent them, anyone working for any govern mental corporate Mafia must be excluded from access to the platforms and to trade using the CME barter mechanism notes, they want the banking Mafia, let them have it.

Stolen CME Barter Notes

Each CME barter note possesses a unique code number, each time a note is redeposited into the ATM machine its code number is recorded, if the ATM machine is robbed and at any future point anyone redeposited the stolen note back into the ATM, it would be held, and a request for as much information about the acquisition of the note provided. This may lead to those responsible for the theft being identified and held to account.

You can also use the unique code to check a CME barter note, making certain it’s not stolen, by entering its code into the platform system to check, before you accepted the note, or you can deposit a note into an ATM for checking, for purity and code check.

If you have a fire and the CME barter notes are burnt, they could be recovered to some extent, as the melted metal would still retain much of its value as a precious metal.

Assurance ATM Shared Risk Bond

Once you have a large network of ATM machines across the earth, people wanting to use the CME barter notes could form an assurance bond, to collectively spread the burden of a loss across the entire network. To learn more see:
“The Bonding Platform”

Not Legal Tender

The CME barter notes are not legal tender, they should not be traded for fiat directly, and a clear statement is printed on the obverse side of every note. “Not Legal Tender”.

By accepting this CME barter note you must agree that it:

Cannot be trade for anything that has no intrinsic value, only traded in an equivalent reciprocal trade. So cannot be used to extinguish a tax or fee extortion, interest, fine, charge, penalty, or gambling demand.

Cannot be used to trade for any fiat or other propositional medium of exchange, as they possess no intrinsic value so cannot be trade in reciprocation.

Universality

The universality of the CME barter mechanism notes means you are no longer robbed with exchange rates, or bank charges, and anyone can use it, as it has intrinsic value, so it needs no laws to make it acceptable, when a fiat hyper-inflates, the CME barter notes are unaffected and it never expires, for example, when a new parasitical monarch is imposed in the UK, all the bank notes are recalled and new ones created with the picture of the new ass hole of the monarchy.

4% presently exists as fiat cash, but this is not a natural volume of cash actually needed to allow free circulation, likely less than 1% of the TME cryptocurrency needs to exist as barter notes, to allow people to trade freely, it allows some to hoard physical value, in case the Internet fails, it allows others outside of the closed bond platforms to trade, in a limited way, without being a part of the advancing platform, and it removes the monopoly of the fiat banking fraud.

The Cost of Creating a Production System

The costs of setting up a production system, would be quite high, and not all locations safe, due to govern mental corporate Mafia, who may wish to prevent it, one solution is, at locations that allow production, people living in locations preventing production could travel and bring $10,000/£10,000 of silver notes back on each trip, to build a local supply.

Need bonds could be formed to mine silver directly in regions where it was a possibility, but as the global destruction of the infrastructure of control is being engineered to crash, to allow the new world order great reset monopolies to be installed, a window of opportunity exists.

One comment

  1. Salam Abdun
    A very interesting article explaining TME barter note, I have read it once , it’s quiet clear except it’s production system and acceptance . It’s intrinsic value , using precious metals , weaving them in the note , it’s numbering , very new idea which should be considered . I think , humanity will need your ideas when the FIAT notes will completely fail and humanity advances in the direction of anarchic philosophy. Alternatives will not be accepted and allowed to be successful by the stake holders. It’s advance thinking.

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