There are two types money in the current monetary system. That system will continue its current structure and function unchanged. However, additional requirements will be overlaid upon it. These additional requirements will however be transparent to clients of the financial system.
The two types of money are vertical and horizontal money. Vertical money created by governmental deficit spending. Horizontal money created by banks loaning money into existence. These two types of money might be viewed as the back office of the money domain opaque to monetary system users. (Virtually everyone. Don't pay any attention to that man behind the curtain.)
The crux of the setup is that once created money never goes out of existence by settlement of debt. (To be magically reborn again as new debt). Once created and branded with a unique ID it lives forever. It has a history and current status of either active ownership or circulation suspension.
All "new" money at some designated system start time spent into the economy by the government or loaned into existence by a bank must come out of the Monetary Authority and all transactions using money of that origin must be interfaced by the Accounting Authority (Aggregate Financial System) with the Monetary Authority. Interface data elements are unit dollar IPv6 code and associated previous owner and new owner account IPv6 code.
Over a period of time all monetary units will enter the domain of the Monetary Authority.
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