Globalization/Non-globalization and political office of Citizenship are actually irrelevant to this innovation, the Graduate, regardless of the Citizenship(s) held, holds the assets -- a measured amount of public domain intellectual property -- as opposed to private intellectual property which has it's own valuation methods and would have difficulties in use as an asset backing public money because of it's private nature (also, because no one wants to just "break even," so typical valuation methods of private IP are other than cost based and are highly speculative which is far too unstable, but some banks like to gamble and will accept that private IP as collateral).Originally Posted by David Merrill
The principle of reciprocity in International Law (either public or private), and the fact that any Member State of the UN can capitalize on the innovation if they have a Treasury and K-12 and college types of educational systems (places where things are taught, students are tested, and certifications are issued documenting this), means that the currency being issued by the Treasury of any Nation to reflect the Wealth of the Graduate would remain relatively fungible at the global macro level. Granted there would likely be some quibbling over exchanges rates of currency to some degree (our schools are better than your schools!!), but, the kinds of knowledge & education provided in the educational systems of the Nations, the essential subject matter, is already pretty uniform in the major Nations now, and any 3rd world Nations would be able to develop their educational infrastructure to the point of any of the more advanced nations very quickly.
Also, the bulk of the people of a Nation don't leave. So the bundle of assets still remains sufficiently valuable to sustain the national money supply. And, as Graduates move from place to place, so does their knowledge, BUT, this is a 2 way street... and redemption of the value of currency with foreign itinerant Graduates is possible on any street... and if the Graduate wants a different kind of currency, they can walk down the road to a bank and exchange the currency. There is no need for a World Currency & World Citizenship (nor would this prohibit or hinder such a thing). The economy of the True World Order (as opposed to the New World Order), is barter and always has been. And knowledge & education has always been barter-able. In fact, there are stories of people being given 10x their weight in gold for just a small piece of knowledge. And don't get me started on the knowledge of mining... gold & silver and everything else... being more valuable than all the gold & silver mined... ;-)
The Graduate causes the money to be created, and then it goes to pay their debt to the educational system for it's assistance in helping the Graduate developing the Wealth. Truth, be told, the money would go to the Graduate, then to the educational system to pay the debt, but there is no need for the extra step (and an opportunity for unscrupulous students to stiff their teachers). So it's not the Citizenship of the Graduate, it is the situs of the school (public or private), that would determine the Treasury that will issue the currency. I suspect the Catholic Church and it's schools will provide a very interesting example of this principle if they chose, however, I think it would be simpler if they just leave it to the Treasury of the Nation where their schools are located seeing as how those teachers will want that local currency and it may be a hassle to exchange the money of the Holy See at the banks.
One of the most exciting things about this innovation is that the money will not enter circulation via trickle down economics... it enters circulation via the staff of the educational system.. which seems proper to me on many levels.. seeing as how knowledge & education is the Wealth that is key in the creation of all other Wealth (with few exceptions).
Magnanimously,
Christopher Theodore of the family of RHODES
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