Spying on the Dollar

Spying on targeted individual people must be a substantial focus of the intelligence domain mission for the purpose of appropriate defensive or offensive monitoring and action achieved through discovery of who those individuals might be.  In the broadest approach to spying that means everyone is suspect.  The entire population has to be subject to data analysis to produce information knowledge.

My monetary system schema  digitizes and uniquely serializes all currency at the granular unit level of one single debt free dollar.  It separates but relates the digitized, serialized dollar from the account that relates the current owner of the  dollar to the dollar.  Being a debt free dollar it has the attribute that once it is created it never goes out of existence as a uniquely identified medium of exchange entity.  It may go into a sidelined suspension account temporarily for specific monetary system regulation purposes.  New permanent digitized, uniquely serialized debt free dollars may be created as necessary to maintain the system and support its objectives.

The digitized uniquely serialized unit dollar is a token that always knows its relationship to a specific account.  Each account held by some Accounting Authority, a bank perhaps, has an unique owner entity.  Either a unique individual person or any registered authorized account entity other than a person.

The digitized, serialized  unit dollars each with a denomination of one can be viewed as being in lock box that they never leave and therefore do not travel from account to account based on transactions.  They always know their current owning account and therefore monetary medium of exchange transactions cause current account owner to be replaced by a new current account owner and the old account owner relationship goes into a historical owner block chain.

While account balances may be expressed in total amounts in the Accounting Authority record of an individual account owner customer, the Accounting System Authority and the Monetary System Authority interact on a unit dollar level basis to accomplish the accounting level change of ownership of any variable amount of total dollar value unique accounting transactions between Accounting Authority customers.  While Accounting Authority customers have a user view of their individual transactions in terms of total amounts, the processing of these transactions between the Accounting Authority and the Monetary Authority is transparent and done at the dollar unit level for each unique account transaction.  While transparent to the account owner it may be subject to account owner auditing if they care to do so.

Total dollar value of all accounts maintained by the Accounting Authority (aggregated authorized authorities) always equals the total dollar value of all digitized, uniquely serialized dollars maintained by the Monetary Authorities.

Total Information All The Time is foundation of the Security Intelligence Domain.  Information down to the granular individual unique person level (human being or entity).  Information defining where that person is at, their real time status for all measurable data and their historical total information for measurable information.

Information Engineering starts with a question:  What does this problem domain look like?  How does it walk and quack.  It looks like the Monetary system problem domain is very much like the Security Intelligence problem domain.  If so, then what does the Accounting system problem domain look most like in relation to the Monetary System?

Good question.

The two are always in balance which is a feature of the balance sheet accounting that encompasses  assets and liabilities.  A system in which cash is simply an owned stored asset account value measurement at any given time in a unique account or total of unique accounts at the enterprise level that always balances in the total Accounting system aggregate of all asset accounts in the entire Account system domain to a counter party account (the Government or is it the Banking System???) of equal and opposite (plus-minus) value.

The answer to the last question:  The bank holds as an asset all money in the monetary system which the aggregate of all users of money ultimately owe to the Banking System (Federal Reserve Bank).  It is all debt money loaned to the users that becomes a working capital account for which the users pay interest to the banks.  The working capital is maintained at a certain level but that level is maintained by making new loans to entities in the accounting system as old loans are paid off.  The asset money held by the Banking System that balances the total of debt money held by the public is also a liability of the government to the Banking System called the National Debt.

Is that a good answer?  Is that how it works?

In the Monetary System I propose all dollars become digitized, serialize units with a value of one dollar assets of the Government ( which may be administered by a franchised monopoly) which the Banking System has the responsibility/liability to account for to the Government as well as to the Account Owner Entities that have a current ownership relationship to the dollars in the independent Monetary System related to the Accounting System.

The loaning of money by the Accounting Banking System becomes a contractual agreement between its Account Owners and the Bank to use a given amount of Account Owner dollars to make loans for profit to be shared with the Account Owner.  The Account Owner is, of course, free to make their own individual decisions for the contractual investment for return (or expenditure) with any entity they choose.  Banks become competitors for existing funds (asset dollars) to be contractually invested, not the originator of debt based dollars created from nothing to remain in existence only for the duration of the investment.

Maybe that is the way a lot of users of the capitalistic monetary and accounting system believe it already works?????

Back to the premise that the structure and accountability of the Monetary system is like structure of the Intelligence System.  They both focus on the management of information at the most granular level.  A human being or a single dollar and total information past and present about the target entity.

Breakup the current Banking system monopoly of controlling both what money is and what money does by withdrawal of authority to determine what money is (creating it) and leaving it with authority to account for what it does and pass what money does (transactions balance change in the economy using money is as a medium of exchange )  to an independent Monetary System Authority that maintains what money is at the granular as well the systemic level that supports what money does at the application economic level for which the Banking system operates as both an Accounting Entity as well as a competitor for loanable funds held by owners of accounts maintained by the bank.

Maybe there should be two distinct entities within the Banking System:  Accounting Savings Banks and Investment Contracting Banks.

Is that a novel idea?

Separation of Powers?

Checks and Balances?

What problem domain does that walk and quack like?

To whom is that problem domain accountable?

That is currently a good question.  As good as who the Intelligence problem domain is accountable to and for.

The answer in both cases is..........? 

The monetary system I propose would be excellent Intelligence tool.  Everybody spends money.  To spend/receive money everybody must have an account.  There is no alternative to digital dollars.  Try living a day or two or week or month without spending money.  Even a survivalist would have to emerge eventually to spend money on something.  Credit cards provide all this information now about who spends what and where to buy what.  The alternative is cash.  Under a total digital money system it would be the only game in town.

In the information processing interface between the Accounting Authority and the Monetary Authority the total amount of a single account holder expenditure transaction is exploding to each individual digitized, uniquely serialized denomination of one dollar related to the specific account but managed by the Monetary Authority and collectively to all unit dollars in the Monetary Record up to the total of the Account Record transaction amount.

The method of associating the total transaction expenditure vale of individual account to related unique digitized, serialized dollars each in a denomination of one related to the account would be randomly chosen from all dollars related to the specific account.  Therefore there would be a random sample of dollars that would be associated to the gaining account as well as going from current account ownership to historical account ownership block chain.  The historical account is an audit trail that follows the history of all past account ownership of a single dollar, date of change in ownership, maybe location and new owner if not the same as current owner (without any intervening transfer of ownership).

Imagine the Intelligence value of a record like that.  Tax monitoring value.  Crime monitoring value.  Maybe the contribution value to the common good.  The value of making the black magic of economics a science that follows the money and what it really does.

Digital serialized unit value of one dollars in this system never leave the United States.  They never leave the virtual vault cloud in which they securely reside at Fort Knox (or undisclosed NSA server farm)

Any officially authorized account managed by an officially approved Accounting Authority can receive and expend digital dollars.   Authorization may extend to foreign non-citizens of the USA?  Maybe. Could these US dollars be spent outside of the USA?  Maybe if accepted by an entity that has an account with a USA Accounting Authority.  Could US digital dollars be exchanged for foreign currency.  Probably but only if the exchange agent has US Accounting Authority system account to receive the US dollars in exchange for foreign currency.

It is a new system.  A paradigm shift in the monetary system.  A whole new ball game but with a level of transparency and information control that make what is done with our medium of exchange play on a level playing field with the ability of monetary information to regulate the playing field.