My focus on a proposed digitized, serialized dollar monetary system is built of the information engineering structure foundation that all dollar bills in the monetary system are uniquely identified by a serial number. All dollars in a unit value of one are serialized and exist as a single record on a central data base (Cloud) and every single dollar is associated to a current owner. (also associated in history to all previous owners and related transaction exchange history).
All owners (financial entities) are equally uniquely identified by a registered number identification. Without it they cannot own or transact dollars. I have given little thought to that essential element in the information engineering structure. Now I do not have to. The NSA has already done it and created the structure.
Financial entities include all living people without exception. We all use money so there are few that this rule would not include except perhaps those that took a vow of poverty. For the sake of system integrity they as well as all children would be required to have a unique serial number ID but, unlike digitized, serialized dollar bills, they could exist independently of any ownership association to a serialized digital dollar. Of course that begs the question: how do they do that? In most cases the answer would be obvious, in other cases, interesting. In a few cases is would be very interesting, Like any entity (person or business) identified as financial that has no and spends no money. It also includes all entities that operate as people. Any institution that transacts business that involves money and its exchange is a financial entity and must have a unique financial entity registration to which serialized dollars can be related to (owned and transacted by that entity).
All the recent revelations of Prism spy program and all other government surveillance of private information has been focused on personal communications. "Businesses are people my friend!" Targets of interest can be business entities organized to do some kind of business and using "business entity" communications as well as uniquely identified individuals and their person communications. Not all cell phones are registered to individual people paying their own phone bills with their own money! Is that a big surprise?
What if the NSA wanted to know the individual using a company cell phone? Company internet? The computer at an internet cafe. Easy, that is where 2 degrees of separation identify them but one of those degree data element is the business ID associated with the means of communication.
It is absolutely obvious that the NSA must have a master ID number to which every entity transacting communication is associated. By definition all people. By extension, all entities identified other than people owning or controlling the means of communication.
In other words, in my proposed monetary system serialized money cannot be owned or transacted by any entity that is not a registered and uniquely identified financial entity therefore having the attribute to do business with money. Receive it, own it, spend it.
Likewise, no entity in an equally structured communication system could be allowed to communicate in that system without a uniquely identifying associated traceable ID number. Without it they could communicate but immediately the question of the NSA is "Who is that" Just like the IP system. Someone communicates using it and the it can be known, or at least start to be known by "Who Is?"
The privacy of non living breathing communication entities (entities other than people that communicate as an enterprise like a business or government agency) is as much at privacy risk as an individual in a world where all communications are spied upon!!!!!
How much buzz is there about that fact in our media????
Who cares about me as an individual and what I communicate as interesting as I think it may be to me??? What organized enterprises are communicating is much more interesting.
That is where it gets very interesting!
This reported today by the South China Morning Post World: Also reported here and probably by now hundreds of other places
"A massive database of private offshore banking entities that could be
used for tax evasion was posted online for public use on Friday by the
muckraking group that first reported the files.
The International Consortium of Investigative Journalists said anyone can now search the records
of some 100,000 companies, trusts and funds located in leading tax
havens to see who could be making use of them to skirt home-country
taxes....It allows users “to explore the relationships between clients, offshore
entities and the lawyers, accountants, banks and other intermediaries
who help keep these arrangements secret”."
The data base is here at: http://offshoreleaks.icij.org/
Searching the data base using the name of my small town "Bend Oregon" reveals that there is one off shore account associated to a residence address in town. Searching other information leads to ownership of the house at that address. If it was a business or associated with a business then that would become very interesting. This is public information now. Just public. Not incriminating for an individual or a business. After all what do they have to worry about if they are doing nothing wrong.
It is not the common person communicating with friends that have to worry about spying! It is the enterprise or people doing business as an enterprise with off shore accounts that have to worry. Any individual or any enterprise doing anything wrong anywhere will be the ones clamoring for constitutional rights to privacy. Probably those with the most money to make their clamoring known.
Who do you know, personal or business that has an off-shore account? And the source for knowing is public information! How much more must billions of dollars and thousands of spies know about every entity (person or enterprise) worth knowing about. By definition of total information there are none not worth knowing about! The capability for total information exists, if it does not have that capability yet then the ultimate goal is to have it.
The NSA has done the job of designing the information engineering required to uniquely identify all entities that would require unique registered identification to do business in my proposed monetary system.
In prior posts I suggested that the NSA might be most qualified to run the monetary system that I propose. The goal of the institution is total information, real time, all the time.
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