Under my system of multiple competing currencies, every financial CRA would decide what items of real value backs up their currency. 
To understand my system you should try to gain a good understanding of Competitive Regulatory Agencies (CRA), Financial CRA's and my Monetary Policy
As a house is being built, a long term durable good is being created and gaining worth.  A bank would recognize the value and create currency reflecting that value.  The house becomes part of the worth that backs up the currency.  The owners of the currency would have real ownership interest in the house, exercised by the bank.
The mortgage contract would state that worth is really future labor equaling the dollar (BD) value agreed upon in the loan. The house is collateral if the mortgage is not paid. As the mortgage is paid off each month, the money returns to the bank, lowering the worth to the currency and adding the worth to the home buyer as equity.
Picture
Now made mostly digitally
Let’s recap: As the house is being built, worth is being established and currency is being created by banks based on that worth.  That currency pays the home builders and the ownership of the house belongs to the bank as part of the overall worth of the currency. At this time, all those that own currency from this CRA has ownership interests a small part of this house.
The bank creates a mortgage exchanging the worth of the house to future labor contracts with interest as the worth backing up the currency.  Overtime the home buyer buys all the worth of the house reflected as equity.  Every month when the money goes to the bank from mortgage payments, the future contract is reduced in value because less is owed.
The currency that was created on the worth of the house is repaid and vanishes.  The worth is no longer in currency; it is now in home equity. 
This model can work with many durable goods such as factories, cars, equipment among many other durable goods.  Each bank and financial CRA would have guidelines on these.  Given that each currency would be on the trading market, everyone would determine the value of the items backing up the currency.
 


Comments

10/17/2014 6:47am

I don’t know about other blogs but this I will definitely keep me coming back to.

Reply
11/08/2014 2:19am

Wow very interesting news i read on this blog. it is very useful for me i share to all persona who need it.

Reply
12/25/2014 1:43am

All the contents you mentioned in post are too good and can be very useful. I it very much, thanks for sharing the information.

Reply
01/16/2015 1:49am

Your blog discuss Competitive Regulatory in a very different way which clears so many doubts of me.They how it protects and gives output in currency.

Reply
10/03/2015 1:53pm

Thank you for sharing this useful information with, I am working in EN Srilankajetaime as a Real Estate agent. Getting a mortgage can be a daunting task. Banks and the people that work in them are not always the most pleasant and can be difficult to work with. However, knowing the basics of dealing with lenders can save you time and money. Banks with retail locations have loan officers who help potential borrowers. Other lenders do not have retail locations.

Reply
01/11/2016 10:31pm

The owners of the currency would have real ownership interest in the house, exercised by the bank.

Reply
<a href="http://www.laebon.com/">www.laebon.com</a>
06/21/2016 1:21am

The money that was made on the value of the house is reimbursed and vanishes. The value is no more in money; it is presently in home value.

Reply



Leave a Reply

    Bill Haley

    Bill Haley started Haley2024 in the spring of 2013 in an effort to do his part in restoring freedom to America

    Archives

    April 2016
    March 2016
    November 2015
    September 2015
    December 2014
    September 2014
    May 2014
    April 2014
    November 2013
    September 2013

    Categories

    All
    Solutions